Joint venture lands $88 million acquisition loan for Somerset apartment deal

A joint venture has secured $88 million in financing for its acquisition of a 384-unit luxury multifamily property in the Somerset section of Franklin, according to JLL.

AvalonBay sells 384-unit complex in Somerset, JLL says

AvalonBay Communities Inc. has sold a 384-unit luxury multifamily complex in the Somerset section of Franklin, under a newly announced transaction by JLL.

Somerset, AvalonBay close land deal in Somerville ahead of 374-unit rental project

Somerset Development has completed the sale of 15 acres in downtown Somerville to AvalonBay Communities Inc., paving the way for the construction of 374 apartments and other uses that will anchor a long-awaited redevelopment project.

Developers wanted for NJ Transit sites in Jersey City, Woodbridge

NJ Transit is seeking would-be developers for two sites, including property at the busy Metropark station in Woodbridge and a parcel near Liberty State Park in Jersey City.

AvalonBay unveils Teaneck community, amid surging demand from renters

AvalonBay Communities Inc. joined local officials and other dignitaries on Sept. 18 to mark the opening of Avalon Teaneck, a 248-unit luxury apartment community in Teaneck. — Courtesy: AvalonBay Communities Inc. By Joshua Burd AvalonBay Communities Inc. is off to…

Boonton community is latest New Jersey project for AvalonBay

AvalonBay Communities Inc. has taken the wraps off its latest New Jersey project, debuting a new 350-unit luxury apartment property off Interstate 287 in Boonton.

Somerset closes on 31-acre transit village site in Somerville

Somerset Development has completed its long-awaited acquisition of 31 acres in downtown Somerville, paving the way for a project that includes more than 500 residential units and other uses adjacent to the borough’s train station.

AvalonBay debuts 360-unit project in Piscataway, its latest in New Jersey

AvalonBay Communities Inc. has unveiled a new 360-unit apartment complex in Piscataway, adding to its vast portfolio of luxury rental properties in New Jersey.

AvalonBay details plans for mixed-use, $300 million project at Princeton Junction (VIDEO)

A plan that would bring 800 residential units, a hotel and an upscale retail plaza to the Princeton Junction train station in West Windsor is set to move forward in the coming months, setting a path for one of the state’s largest and most anticipated redevelopment projects.

AvalonBay rebuilds, reopens Edgewater building after 2015 blaze

AvalonBay Communities has unveiled 240 new apartments in Edgewater, following a high-profile fire in 2015 that leveled half of its luxury rental complex in the borough.