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.

Community
Larken Associates’ Jillian Dorell named to SCBP’s 40 under 40 list

The Somerset County Business Partnership has recognized Jillian Dorell, director of design with Larken Associates, as a member of its 40 under 40 list for 2023.

Finance & Capital Markets
JLL: Woodmont refis after leasing up 443-unit West Windsor rental property

Woodmont Properties has secured permanent financing for its newly built, 443-unit multifamily property in West Windsor, in a deal arranged by JLL.

Residential & Mixed Use
Urby Newark welcomes Japanese-inspired restaurant to new downtown building

A Japanese-inspired restaurant has opened its doors in downtown Newark at the base of the newly delivered 250-unit Urby apartment building.

Finance & Capital Markets
JLL: Spitzer, Titanium ink $19 million refi for new 83-unit Journal Square rental project

An investment group has snagged nearly $19 million to refinance a newly built, 83-unit apartment building in Jersey City, according to a debt placement team with JLL.

Residential & Mixed Use
CIS lands $9 million in HMFA funding for affordable senior housing project in Moorestown

Community Investment Strategies Inc. has secured nearly $9 million in state funding for a new 82-unit, age-restricted affordable housing development in Moorestown.

Residential & Mixed Use
BNE debuts luxury rentals in Chatham, providing a new gateway to Morris County borough

BNE Real Estate Group has opened the doors to its new upscale multifamily property in Chatham — one that’s a far cry from the boutique project it envisioned just a few years ago.

Finance & Capital Markets
Denholtz launches rescue capital fund amid real estate market uncertainty

Denholtz Properties has launched what it’s describing as a rescue capital fund aimed at helping commercial real estate operators who are grappling with the market’s financial challenges.

Retail
Blue Foundry, Kessler open inside new retail building at Prism project in Dunellen

Blue Foundry Bank and Kessler Rehabilitation Center have opened their doors as the first retail tenants at The Nell, Prism Capital Partners’ mixed-use development in downtown Dunellen.

Top News
Jeremy Farrell, LeFrak executive and key figure in Jersey City, dies at age 44

The LeFrak Organization is mourning the loss of Jeremy Farrell, a key executive with the real estate firm and the former corporation counsel for Jersey City.

Residential & Mixed Use
Tulfra launches leasing at new 160-unit luxury rental project in Rochelle Park

Leasing is underway at a 160-unit luxury apartment property in Rochelle Park that is slated to come online early next year.