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.

Affordable housing takes center stage at Rutgers event

After decades of litigation and controversy over how to address affordable housing in New Jersey, stakeholders on virtually all sides appear to be coming together on at least one point:

We may finally be inching toward a solution — even if it’s one that is messy, imperfect and still likely to cause additional strife across the state as the key details are worked out.

‘Uber does have a part to play’ in CRE, company official tells NAIOP members

Uber may have unveiled a new partnership with a New Jersey developer earlier this week, but it’s just one of the steps that the ridesharing service has taken — and is planning for the future — to work hand in hand with the real estate industry and other business sectors.

A company official detailed some of those other affiliations last week, speaking directly to a crowd of NAIOP New Jersey members and professionals in Elizabeth.

Developers kick off final phase of Morristown project

With plans that go back more than a decade, the landmark redevelopment of the former Epstein Department Store in Morristown has entered its final phase.

Kislak: Mixed-use Red Bank properties fetch nearly $4M

The Kislak Co. Inc. has brokered the $3.825 million sale of a mixed-use portfolio in downtown Red Bank, the Woodbridge-based firm announced.

Hoboken chamber honors hometown construction firm

Fields Construction Co. has been awarded the Hoboken Chamber of Commerce’s Developer/Builder of the Year award for its work in the Mile Square City, the firm announced.

Mixed-use Orange building trades for $1.6M

A private investor has sold a 13,500-square foot mixed-use property in Orange for nearly $1.6 million, following a deal arranged by Marcus & Millichap.

North Jersey apartment rents grow again in 2016, report finds

Apartment rental rates in northern New Jersey will grow for the sixth consecutive year, a new report has found, as leasing activity keeps pace with the roaring pace of new construction.

Investors announces more than $300M in CRE loans

Investors Bank has originated than $308 million in loans in recent weeks, financing more than a dozen transactions involving multifamily and commercial properties.

Gebroe-Hammer notches nearly $150M in sales over 90 days

Brokers with Gebroe-Hammer Associates have made the most of their home field advantage in recent months, closing 15 different multifamily sales in Essex County in the past 90 days.

American Water HQ set to kick off massive waterfront makeover in Camden

With more than a year of due diligence, entitlements and land assemblage in the books, Liberty Property Trust is set to break ground on the first piece of a $1 billion, mixed-use project to transform Camden’s waterfront.