The team behind the landmark Journal Squared project in Jersey City has reached another milestone, having topped out the third and final building at a site that will ultimately include more than 1,800 apartments and 36,000 square feet of retail and restaurant space.
KRE Group debuts sweeping in-person fitness program at Jersey City, Bayonne rental buildings
KRE Group breaks ground on 239-unit rental project at ex-Mondelez site in East Hanover
STRO, KRE Group detail 205,000 sq. ft. lease with Amazon in Woodland Park
KRE, National break ground on 360-unit apartment tower in key Philadelphia district
Multifamily construction starts tick downward, but panelists express long-term optimism
Multifamily owners, experts debate path forward as interest rate hikes loom (SLIDESHOW)
Interest rate concerns have permeated the commercial real estate landscape in New Jersey and beyond — including the stalwart multifamily sector, which has enjoyed years of rent growth, low vacancy and strong absorption driven by wholesale demographic shifts. Investors and developers are now wrestling with how to forge ahead with deals and projects despite the uncertainty, as they wait to learn how many more rate hikes are still to come.