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.

Government & Public Policy
EDA approves $34 million in Aspire tax credits for Newark, Union City senior housing projects

Developers are poised to bring new affordable senior housing to Newark and Union City with the help of a combined $33.9 million in tax credits approved under the state’s Aspire program.

Finance & Capital Markets
Slate, McCourt lend $59 million to complete 285-unit Jersey City rental tower

A joint venture has secured a $59 million bridge loan for the final stages of a 16-story, 285-unit multifamily development in Jersey City’s McGinley Square neighborhood.

Residential & Mixed Use
Two-building, 22-unit apartment portfolio in Paterson fetches $2.9 million, Marcus says

A private investor has purchased a 22-unit apartment portfolio in Paterson for nearly $3 million, in a transaction arranged by Marcus & Millichap.

Residential & Mixed Use
Reynolds acquires 125-unit rental complex outside Cleveland for first Midwest property

Reynolds Asset Management is expanding to the Midwest with its acquisition of a 125-unit apartment complex outside Cleveland, the Paramus-based real estate firm announced.

Residential & Mixed Use
Inspired lands key approval, eyes 2024 groundbreaking for Asbury Park luxury condos

Inspired by Somerset Development has received site plan approval to bring 155 upscale condominiums and retail space to a parcel one block from Asbury Park’s iconic boardwalk.

Residential & Mixed Use
First residents arrive at new Accurate rental property in Bayonne

Accurate has welcomed its first residents to a waterfront multifamily property in Bayonne, part of the ongoing redevelopment of the city’s historic Military Ocean Terminal property.

Residential & Mixed Use
Developer plans new housing in Hackensack after five-parcel acquisition, NAI Hanson says

A developer has acquired five parcels near downtown Hackensack with plans to build a new residential project just steps from NJ Transit rail service.

Residential & Mixed Use
Investor buys three-property, 41-unit apartment portfolio in Paterson

A private investor has purchased a 41-unit apartment portfolio in Paterson for more than $5.1 million, in a newly announced deal by RIPCO Real Estate.

Professional Services
Longtime broker, entrepreneur joins Sitar as senior director

A veteran broker has joined Sitar Realty Co. as a senior director, with a focus on leasing and sales of restaurants, retail, warehouse and multifamily properties.

Finance & Capital Markets
Slate Property Group closes $160 million bridge loan for 432-unit Journal Square rental tower

Namdar Group has landed a $160 million bridge loan for its newly completed, 432-unit apartment tower in Jersey City’s burgeoning Journal Square section.