Finance & Capital Markets
NYL closes $36.5 million mortgage for Morristown apartment, retail building

The owner of a 130-unit luxury apartment building in Morristown has secured a $36.5 million mortgage, in a newly announced transaction by New York Life Real Estate Investors.

Retail
Celebrity chef comes to rooftop restaurant in Port Imperial, Roseland says

A celebrity chef has brought his brand and cuisine to the rooftop restaurant at Roseland Residential Trust’s new waterfront hotel in Weehawken.

Residential & Mixed Use
Roseland unveils rebranded Jersey City apartment buildings (SLIDESHOW)

Roseland Residential Trust has rebranded a trio of luxury apartment buildings in Jersey City, seeking to streamline leasing across the portfolio of more than 1,200 units.

Residential & Mixed Use
Leasing teams turn to virtual tours, platforms to lure renters during stay-at-home order

In-person tours have been curtailed and lease numbers are down, but virtual tours are helping luxury apartment buildings bring in renters in this time of social distancing. The virtual elements are so useful, in fact, that building representatives said they’ll keep using them after the coronavirus crisis is over.

Finance & Capital Markets
Mack-Cali lands $300 million loan for 750-unit tower in Jersey City, CBRE says

Mack-Cali Realty Corp. has closed on a $300 million construction loan for its planned 750-unit residential tower in downtown Jersey City, brokers with CBRE announced Monday.

Finance & Capital Markets
Roseland refinances luxury apartment property in Morris Plains

JLL has arranged $43 million in financing for a newly built, 197-unit luxury apartment property in Morris Plains developed by Roseland Residential Trust.

Residential & Mixed Use
Investment firm has keyed on transit-centric, workforce housing in northern New Jersey

A real estate investment and management firm has quietly built a portfolio of transit-centric, workforce housing properties in northern New Jersey — with local holdings that have grown to some 40 properties with more than 2,000 apartments — and it sees a continued opportunity for expansion in the state and in the region.

Finance & Capital Markets
New York Life, Roseland ink $117 million mortgage for Jersey City rental tower

New York Life Real Estate Investors has completed $117 million in financing for a three-year-old, 311-unit luxury apartment tower in Jersey City developed by Roseland Residential Trust.

Residential & Mixed Use
One Wall Partners acquires 159-unit rental complex in Rahway

An investment and management firm has expanded its portfolio with the purchase of a 159-unit apartment complex in downtown Rahway, in a transaction brokered by HFF.

Residential & Mixed Use
Roseland, local officials hail ‘tremendous’ response to new Weehawken rental project

Mack-Cali Realty Corp. has opened the doors to the latest project by its Roseland Residential Trust subsidiary, a 295-unit luxury apartment building on the Weehawken waterfront, where renters have leased 90 percent of the homes in barely three months.