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.

Top News
Saxum hits nearly $1.1 billion in total capitalizations for investments, developments in 2023

Saxum Real Estate is marking a banner year after investing in a series of cold storage, industrial and multifamily assets and projects with a combined value of more than $1 billion.

Retail
JLL: Food tech startup Wonder among five retail users at new mixed-use project in Cresskill

Five retail tenants are coming to a new mixed-use property in Bergen County after a series of leases totaling more than 10,000 square feet, brokers with JLL announced Tuesday.

Features
Multifamily projects, public investments setting the stage for new-look downtown in Berkeley Heights

A spate of public and private investment is transforming the area around the train station in Berkeley Heights and allowing this small township on the western edge of Union County to reimagine a walkable and commuter-friendly downtown.

Health Care & Education
Sherman & Roylance: Buyers plans to renovate, revive West Orange assisted living facility

A private operator hopes to revitalize a shuttered assisted living facility in West Orange after acquiring the 53-bed property, according to a broker with Sherman & Roylance.

Professional Services
Kislak honors top brokers of 2023 at annual sales awards

The Kislak Co. Inc. has recognized three standout brokers in the residential and commercial space as part of its newly announced company sales awards.

Office
Keller Williams team opens at new Walters office building on Long Beach Island

A realtor has expanded to Long Beach Island with a lease at Walters’ newly constructed, 5,000-square-foot office building in Ship Bottom.

Finance & Capital Markets
JLL: Canoe Brook lands $150 million loan for 426-unit rental project at Port Imperial

Canoe Brook Development has secured a $150 million construction loan for a planned 426-unit luxury apartment building along the Hudson River waterfront in West New York.

Top News
NJBA installs Tantleff as board chair, pledging continued focus on housing affordability

The New Jersey Builders Association has installed Debra Tantleff as its new board chair, tapping a key figure in the industry as it prepares for a new year of advocacy and education for thousands of professionals involved in housing construction.

Finance & Capital Markets
Prism lands $54 million refi for mixed-use redevelopment near Dunellen train station

Prism Capital Partners has secured nearly $54 million in fixed-rate financing for The Nell, a development that has brought new apartments, townhomes and retail space to Dunellen.

Residential & Mixed Use
‘Mildred’s Bridge’ apartments to support prisoner re-entry in Newark — while honoring longtime city council president

A new apartment building for prisoners who are re-entering the community is coming to Newark, one that will honor one of the city’s most revered and trailblazing public servants.