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.

Government & Public Policy
Developer lands $90 million Aspire tax credit award for 350-unit Newark rental project

A developer has secured a $90 million tax credit award for its plan to build a 14-story, 350-unit apartment building just south of Newark’s Broad Street station.

Professional Services
Multifamily finance expert joins CBRE as vice president for debt, structured finance team

CBRE has added a veteran broker to its Saddle Brook-based team, helping to bolster its debt and structured finance business in multifamily and other asset classes.

Residential & Mixed Use
Hornrock touts strong velocity after leasing 80 percent of 221-unit Hackensack rental building

Hornrock Properties has leased more than three-quarters of a new 221-unit luxury apartment building in downtown Hackensack, the developer said Monday.

Finance & Capital Markets
PGIM Real Estate taps Marcus, Amabile as co-CEOs

PGIM Real Estate has picked two of its longtime executives as co-CEOs amid several newly announced appointments for the Newark-based asset manager.

Retail
Grocer takes 3,500 sq. ft. at Hampshire-built apartment building in Hackensack

A specialty grocer has leased 3,500 square feet at the base of a new 82-unit apartment building in downtown Hackensack, according to a broker with NAI James E. Hanson.

Residential & Mixed Use
Cervelli closes sale of 3,500 sq. ft. residential, retail property in West New York

A local business owner has purchased a 3,500-square-foot mixed-use building in West New York, in a deal arranged by Cervelli Real Estate and Property Management.

Residential & Mixed Use
Boraie plans 342-unit apartment tower for its latest project in downtown New Brunswick

Boraie Development has taken a key step in its plan to build a new 342-unit luxury apartment tower in New Brunswick, in what would be the firm’s latest project in its longtime home city.

Retail
Denholtz, beauty spa ink 2,000 sq. ft. lease to fill last retail space at The Rail at Red Bank

Denholtz Properties has filled the final retail space at a high-profile redevelopment project in Red Bank’s West Side neighborhood.

Residential & Mixed Use
Journal Square Urby on track for spring 2024 delivery after 317-unit rental project tops out

The newest Urby-branded apartment tower in Hudson County has topped out in Jersey City’s Journal Square section, with less than a year to go until the completion of the 317-unit building.

Residential & Mixed Use
Boutique Jersey City apartment building trades for $412,000 per unit, KW says

A private investor has acquired an eight-unit apartment building in Jersey City for $3.3 million, in a transaction arranged by Keller Williams Realty Inc.