The state’s booming multifamily sector has been on display in recent weeks as developers and property managers celebrate their newest awards from the New Jersey Apartment Association.
The Urban Land Institute honored a dozen commercial real estate projects and industry leaders last week as part of an annual awards dinner hosted by its northern New Jersey chapter.
Two apartment buildings with a combined 12 units have changed hands in Montclair, following a transaction brokered by Marcus & Millichap.
An investor has paid more than $17 million for a 68-unit apartment building and a nearby property in downtown Montclair, in a deal brokered by The Kislak Co. Inc.
A United Kingdom-based maternity and children’s clothing chain has picked New Jersey for two of its first U.S. stores, including locations in Hoboken and Montclair.
A development team has broken ground on a long-awaited medical office building on the border of Montclair and Glen Ridge, with the goal of expanding the footprint and services of the nearby Mountainside Medical Center.
A developer’s plan to create a sustainably designed, energy-efficient apartment building in downtown Montclair has been recognized by the U.S. Green Building Council.
State officials are weighing their options for modernizing the Department of Community Affairs, Lt. Gov. Sheila Oliver said last week, from electronic permitting to the potential to allow municipalities to privatize code enforcement. Far less certain is how they will tackle more high-profile issues such as affordable housing, shared services and the tax credit programs that have fueled development in recent years.
Saxum Real Estate has hired a new director of leasing for its growing roster of downtown commercial buildings.