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.

People
Bergman promotes Rand to chief investment officer

Bergman Real Estate Group has promoted Brian Rand to chief investment officer, announcing the move less than a year and a half after his arrival at the Woodbridge-based firm.

Residential & Mixed Use
Veris, Woodmont sell 59-unit Morristown rental property in deal by Gebroe-Hammer, Berkadia

Veris Residential Inc. and Woodmont Properties have sold a 59-unit luxury apartment building in downtown Morristown, in a deal announced by Gebroe-Hammer Associates and Berkadia.

Finance & Capital Markets
Starfield-led team lands $80 million construction loan for Asbury Park rental project, JLL says

A joint venture has snagged an $80 million construction loan for a project that will bring 226 luxury apartments and townhomes to Asbury Park’s waterfront redevelopment zone.

Events
High-profile speaker list grows for Rutgers symposium, case study on distressed assets

The next Rutgers Center for Real Estate symposium is only weeks away, with a fast-growing list of speakers who will share their insights on tackling distressed commercial real estate.

Finance & Capital Markets
SCALE, Namdar close $243 million in loans for Journal Square apartment projects

SCALE Lending has doubled down on Namdar Group’s development pipeline in Jersey City, providing another $243 million in financing for projects with a combined 811 apartments.

Residential & Mixed Use
Investors buy 80-unit apartment complex in Orange for $13.8 million, Kislak says

An investment group has purchased an 80-unit garden apartment complex in Orange for nearly $14 million, in a newly announced deal by The Kislak Co. Inc.

Finance & Capital Markets
Kennedy Funding inks $7.5 million land loan for Florida townhome project

Kennedy Funding has closed a $7.5 million land loan for a waterfront property in the Florida Panhandle town of Santa Rosa Beach.

Residential & Mixed Use
Weiss unveils plan for 407-unit apartment tower in New Brunswick after securing approval

Weiss Properties has secured local approvals for a 407-unit luxury apartment tower in downtown New Brunswick, in a key step for what would be the city’s largest residential project to date.

Residential & Mixed Use
C&W: Hampshire sells residential development site in Metropark to Woodmont

The Hampshire Cos. has sold a mixed-use development site in the Metropark section of Woodbridge, in a newly announced deal by Cushman & Wakefield.

Residential & Mixed Use
Denholtz taps multifamily veteran Fenner to oversee growing portfolio

Denholtz Properties has hired Jeff Fenner as director of multifamily to oversee its growing portfolio of apartments across New Jersey and the Southeast.