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.

Residential & Mixed Use
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.

Residential & Mixed Use
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.

Editor’s Note
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.

Finance & Capital Markets
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.

Residential & Mixed Use
Premier Development launches sales at new luxury housing community in Readington

Premier Development has launched sales at a new residential community in Readington, offering a collection of 39 luxury homes with prices starting in the $900,000 range.

Residential & Mixed Use
Accurate welcomes first renters to new 185-unit Little Falls rental property

Accurate has opened the doors to its new 185-unit upscale apartment property in downtown Little Falls, marking the latest addition to its fast-growing rental portfolio.

Retail
Fort Lee retail center with multifamily zoning on the market for sale, JLL says

The site of a busy shopping center in Fort Lee is on the market for sale, with the potential for redevelopment as a multifamily property at the foot of the George Washington Bridge.

Retail
Newmark Associates closes sale of 2,100 sq. ft. Mendham commercial building

The site of a historic mixed-use building in Mendham’s business district has changed hands, in a newly announced deal by Newmark Associates CRE.

Residential & Mixed Use
Berkadia: Investor buys 33-unit Newark apartment building for $4.3 million

An investor has purchased a 33-unit apartment building in Newark for $4.3 million, in one of several recent deals by Berkadia’s New Jersey team.

Residential & Mixed Use
LeFrak lands planning board approval for two-tower, 322-unit rental project in Jersey City

LeFrak has secured a key approval to build another 322 apartments in Jersey City, joining a growing list of developers in an area just south of Hoboken and west of the Holland Tunnel.