$62 Million Financing Secured for Multifamily Portfolio Featuring Four New Jersey Properties
A $62 million financing deal has been secured for a multifamily portfolio that includes four garden-style apartment communities in Northern New Jersey.
116-Unit Rental Development Hue Soul Officially Opens its Doors in East Orange
Tay Investments has officially opened its latest multifamily residential property in East Orange, Hue Soul.
Phase Two of Morris County Development The Point at Gateways Celebrates Lease Up
Phase Two’s swift leasing underscores strong demand for luxury housing in Morris County, according to the development team.
Montclair Enacts New Rent Control Ordinance
Despite some pushback, the town’s council passed a rent control law that will limit annual increases on apartment leases to 4.25% and 2.5% for seniors.
It’s Not Just Single-Family Demand Surging, COVID-Flight Drove Record Interest to These N.J. Communities
Most headlines about the COVID migration have focused on city-dwellers ditching apartments for single-family homes. However, there’s also been a surge in activity at lower-density, commuter-friendly communities.
New Jersey’s Decade of Development Has Created High-End Apartments, Wealthier Renters
A recent study of housing trends during the 2010s shows renter populations increased dramatically throughout the Garden State, especially among well-heeled residents.
JLL Secures Funding for 267-Unit Vinty Development Near Elizabeth Train Station
A firm has secured $77.75 million in funding for Vinty, a 267-unit residential project with retail and office space across from the Elizabeth train station.
Work Begins on ‘Netherwood Flats,’ 70 Apartments Adjacent to Train Station in Plainfield
Developers recently broke ground on Netherwood Flats, a 70-unit residential project with ground-floor retail located in Plainfield.
Newark Accepting Public Comment Regarding Plan to Spend $3.5M of CARES Act Funds
The City of Newark could spend more than $3.5 million of funding that it has received through the CARES Act on rental assistance, microenterprise assistance, and "special economic development activities."
Skye Lofts Apartment Building Opens Beside Bayonne Light Rail Station
Skye Lofts South is a six-story rental building that’s been rising beside the 22nd Street Light Rail station in Bayonne.
