Residential & Mixed Use

The construction boom in New Jersey is no more evident than in the multifamily and mixed-use sector, thanks to changing demographics and the demand for urban-style living, even in the suburbs.

Finance & Capital Markets
Kennedy Funding inks $2.75 million land loan for 420-unit Kansas City rental project

Kennedy Funding has closed a $2.75 million land loan for a 420-unit multifamily project in Kansas City, Missouri, the Englewood-based firm announced Wednesday.

Residential & Mixed Use
Marcus: North Bergen apartment, retail building trades for $2 million

A local investor has sold an 8,100-square-foot apartment and retail building in North Bergen for $2 million, brokers with Marcus & Millichap announced Tuesday.

Finance & Capital Markets
IDB Bank, TAY Investments close $31 million bridge loan for 155-unit Newark rental property

IDB Bank has closed a $31 million bridge loan for a newly completed, 155-unit apartment building in Newark’s Central Ward.

Residential & Mixed Use
Accurate leases more than 70 percent of new 252-unit Bayonne rental building

Accurate is on the verge of another milestone at a new apartment building in Bayonne, where it has leased nearly three-quarters of the property’s 252 available homes.

Residential & Mixed Use
Halpern unveils 337-unit Birch House, a major addition to Jersey City’s growing West Side

Leasing is underway at Halpern Real Estate Ventures’ new 337-unit high-end apartment building in Jersey City’s growing West Side neighborhood.

Residential & Mixed Use
Marcus closes sale of 11-unit Union City apartment building for $2 million

A private investor has sold an 11-unit apartment building in Union City for $2 million, in a newly announced deal by Marcus & Millichap.

Residential & Mixed Use
Developer plans two-building, 515-unit rental project at long-vacant site in Jersey City

A developer is eyeing plans to build two new apartment towers with a combined 515 units under a project that would transform more than five acres near Jersey City Medical Center.

Government & Public Policy
Foglio named commissioner with Mercer County Improvement Authority

Longtime developer Christiana Foglio has joined the Mercer County Improvement Authority, marking her latest stint at the agency and her latest post in the public sector.

Residential & Mixed Use
State officials, NJPAC tout ‘exciting next phase’ after mixed-use project lands Aspire award

A new chapter is set to begin for the New Jersey Performing Arts Center in Newark, where a long-awaited, mixed-use development is expected to transform the existing venue and have an exponential impact on its role as a catalyst in the city.

Residential & Mixed Use
First residents arrive at Russo’s 296-unit Vermella Broad Street project in Newark

Russo Development has welcomed its first 50 residents to a new 296-unit luxury apartment property just north of NJ Transit’s busy Broad Street station in Newark.