Residential & Mixed Use
Randolph tract approved for 35 homes, retail space fetches $4.5 million, C&W says
A developer has acquired a parcel in Randolph with plans in place for 35 housing units and more than 4,000 square feet of retail space, in a transaction arranged by Cushman & Wakefield.
On the horizon
Two key asset classes in New Jersey have become inextricably linked in the last two to three years, as local governments increasingly turn to their aging office stock to fill the state’s housing deficit. Some have done so proactively, but others are acting out of necessity as they race to comply with New Jersey’s updated affordable housing law. That’s causing some market leaders to wonder if municipalities will face “multifamily fatigue” after the latest round of mandates and the corresponding land use planning, which has played out across the state over the past 12 months.
A changing landscape: Development leaders expect office-to-residential conversions to slow, be reimagined
Some veteran real estate experts are predicting “multifamily fatigue” in the Garden State as towns deal with the latest round of state-mandated affordable housing obligations, potentially reshaping the state’s development scene and the pipeline of residential projects.
Donnelly completes 60-unit rental project along NJ Transit rail line in Denville
Donnelly Industries has unveiled a new 60-unit apartment building in Denville, touting a location directly next to a train station and minutes from the town’s popular business district.
Kislak pairs longtime clients, inks sale of Poughkeepsie apartments for $8.4 million
An investor has purchased a 58-unit apartment complex in New York’s Dutchess County for nearly $8.4 million, according to a listing team with The Kislak Co. Inc.
