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.

Weiss Properties unveils 60-unit rental building, its latest project in Somerville

Weiss Properties has opened the doors to its second luxury residential building in Somerville, delivering 60 new apartments and amenity spaces to the borough’s growing downtown.

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.

Somerville: HFF inks $13.25 million refi for 69-unit rental complex

The developer of a new 69-unit high-end apartment building in Somerville has refinanced the property for $13.25 million, brokers with HFF announced Wednesday.

Paramount launches program to guide, incentivize franchise leases

Paramount Assets has launched a new program aimed at spurring the growth of franchise businesses within its commercial portfolio.

Somerville: Developer hails lease-up of 69-unit rental property

Renters have flocked to a new 69-unit residential property in downtown Somerville, filling the luxury apartment building less than three months after it opened for leasing.

Long Branch condo project halfway complete, developer says

The developer of a new condominium project in Long Branch is more than halfway through construction, having sold 40 percent of the complex’s 47 oceanfront homes.

Meridian inks $27.5 million loan for 117-unit rental project in Somerville

The developer of a newly built, 117-unit apartment building in Somerville has refinanced for $27.5 million, under a newly announced transaction by Meridian Capital Group.

Developer opens 69-unit Somerville project, hails early leasing success

Sterling Properties has officially opened its new residential building near downtown Somerville, where it has quickly leased nearly half of its 69 luxury apartments.