ELIZABETH, N.J. — The Kislak Co. Inc. has negotiated the $4.1 million sale of two properties in Elizabeth, a city in northern New Jersey. The portfolio includes 20 units across two three-story residential buildings. Both buildings rise three stories, and one includes two commercial spaces. Don Baxter and Michael Salomon of Kislak represented the seller in the transaction, and Joni Sweetwood of Kislak procured the buyer. Both parties requested anonymity.
NORTH BERGEN, N.J. — Denholtz Properties has acquired Solo at North Bergen in North Bergen, a city in New Jersey’s Hudson County. Solo at North Bergen was completed in 2023 and offers 214 units across four buildings. Amenities include a 5,000-square-foot clubhouse with billiards tables, fitness center, pool with grilling stations and a sauna, dog run and package room. The property is located near the Tonnelle Avenue Light Rail Station and an NJ Transit bus stop with direct access to New York City, as well as the Port Imperial/Weehawken ferry …
JERSEY CITY, N.J. — JLL has arranged a $193 million loan for the construction of Pathside, a 605-unit high-rise community in the New York City suburb of Jersey City. The property will be built in Jersey City’s Journal Square neighborhood. Pathside will feature studio, one-, two- and three-bedroom apartments, as well as 3,200 square feet of ground-floor commercial space. The borrower, Panepinto Properties Inc., plans to deliver Pathside in the second quarter of 2026. Thomas Didio, Thomas Didio Jr., Gerard Quinn and Salvatore Buzzerio of the debt advisory team at JLL …
BOUND BROOK, N.J. — Walker & Dunlop has arranged a $6.7 million Fannie Mae loan for the refinancing of The Vibe, a 28-unit complex in the Northern New Jersey borough of Bound Brook. Reynolds Asset Management was the borrower. The 10-year, interest-only loan retires existing construction debt. The Vibe offers 12 one-bedroom units and 16 two-bedroom units.
CHATHAM, N.J. — Walters has broken ground on Cornerstone at Chatham, a 63-unit affordable community in Chatham. The project is being developed through a partnership between Walters and Chatham Township. Walters was awarded a 9 percent Low Income Housing Tax Credit. Cornerstone at Chatham will comprise three buildings and offer one-, two- and three-bedroom units. Units will be available to tenants earning at or below 60 percent of the area median income. Rental rates will be based on the renter’s gross annual income, according to the rent/income requirements chart. The …
PLAINSBORO, N.J. — Colony Hills Capital has acquired Addison at Princeton Meadows, a 440-unit community in the Central New Jersey community of Plainsboro. The Massachusetts-based investment firm purchased the asset from Kushner Real Estate Group for $115 million. Allan Szlafrok, Eli Maryl, Ohad Babo, and Michael Weiser of GFI Realty Services represented Colony Hills Capital in the transaction. Addison at Princeton Meadows is a garden-style community that offers studio, one- and two-bedroom units. Amenities include a pool, fitness center, tennis court, basketball court, dog park and outdoor grilling and dining …
MORRISTOWN, N.J. — JLL Capital Markets has promoted Elizabeth DeVesty to the role of director with the company’s New Jersey investment sales team. DeVesty will be based in Morristown and will primarily focus on multifamily investment sales transactions within the suburban tristate area. She will report to Senior Manging Directors Jose Cruz, Michael Oliver and Steve Simonelli. Prior to this role, DeVesty spent 13 years working with JLL and was most recently an associate at the firm. She earned her degree from Marist College in 2008.
PLAINSBORO, N.J. — JLL Capital Markets arranged the sale of Addison at Princeton Meadows, a garden-style community in Plainsboro. Jose Cruz, Steve Simonelli, Michael Oliver and Elizabeth DeVesty represented the seller, a joint venture between Goldman Sachs Asset Management and Kushner Real Estate Group. Addison at Princeton Meadows was built in 1979 and consists of 440 units across 28 buildings. Units come in of studio, one- and two-bedroom floor plans. Amenities include a pool with a fire pit, tennis and basketball courts, a dog park, fitness center children’s playground and …
TOMS RIVER, N.J. — Garden Communities has fully leased up Green Meadows at Pleasant Plains, a 175-unit in the coastal New Jersey township of Toms River. Development on the property was completed in February. Green Meadows at Pleasant Plains offers one- and two-bedroom apartments and two- and three-bedroom townhomes. Amenities include a pool, fitness center, community room, playground and walking trails.
HACKENSACK, N.J. — M&M Development acquired a redevelopment site in Hackensack from the estate of Donald Gonzalez in care of Michael Sprague Esq. Anthony Cassano of NAI James E. Hanson represented both the buyer and the seller in the transaction. The site comprises 30,800 square feet across five adjacent lots located at 75, 77 and 81 Linden St. as well as 80 and 84 Vanderbeck Pl. M&M Development plans to convert the property into a new community. The site is zoned for medium-density multifamily. A construction timeline was not disclosed.