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.

LeFrak unveils pickleball courts in iconic Newport neighborhood in Jersey City

The fast-growing pickleball craze has arrived in Jersey City’s acclaimed Newport district, where LeFrak has transformed a plaza space into free pop-up courts that are open to the public.

Four-unit Riverside apartment building trades in estate sale brokered by Vantage Commercial

A four-unit multifamily property in Burlington County has changed hands as part of a newly completed estate sale, according to a brokerage team with Vantage Commercial.

FirstService named property manager for East Brunswick condo complex

The owners of a 184-unit condominium complex in East Brunswick have tapped FirstService Residential to manage the property.

W&D: PRC refinances new 162-unit Bayonne rental property for $36 million

The PRC Group has snagged $36 million in financing for a new 162-unit luxury apartment complex in Bayonne, in a deal arranged by Walker & Dunlop.

Fennelly named broker for residential development sites in Hamilton, South Brunswick

A development site with approvals for 166 new apartments is on the market for sale in Hamilton, in one of two newly announced offerings by Fennelly Associates.

JLL: Panepinto lands $193 million construction loan for 605-unit Journal Square tower

Panepinto Properties has secured a $193 million construction loan for a planned 605-unit luxury apartment tower in Jersey City’s booming Journal Square neighborhood.

Denholtz acquires newly built, 214-unit luxury rental property in North Bergen

Denholtz Properties has added to its apartment portfolio after acquiring a newly constructed, 214-unit property in North Bergen.

Russo, Dinallo hit 60 percent leased mark at new Orange apartment building

The developers of a new 209-unit apartment building in Orange are off to a fast start after the launch of leasing, having rented more than 60 percent of the property in just three months.

Adaptation

The glory days of near-zero vacancy and hard-to-fathom rent growth in the industrial market always came with the slightest bit of tension, especially among veteran landlords who know full well that nothing lasts forever. And with good reason, as we now know, as the asset class grapples with new headwinds that may not have seemed likely only two years ago.

TD pledges $2 billion to affordable housing, lending programs alongside NJCA, HCDNNJ

TD Bank has pledged $2 billion toward affordable housing, affordable mortgage lending and other investments aimed at supporting lower-income communities in the state, under a partnership announced this week with two influential advocacy groups.