Multifamily

The firm brokers the $71 million sale of an independent living facility and a rare garden-style apartment property.

Bergen County secured more than half of the HUD funds at $9,078,076 in Community Development Block Grants, another $2,625,823 in federal HOME funding and another $771,935 in Energy Solution Grant funding.

The Class A project, a 220-unit multifamily development, is being built on 2.54 acres at 40 Bennett Road directly across from MacKay Park. Due for completion in 2020, the transit-oriented community offers access to Interstate 95, Route 4 and the Palisades Interstate Parkway.

Adaptive reuse projects will make up a greater percentage of investment activity than self-storage and other non-core property types by 2023

Groundbreaking is imminent on a mixed-use project located at 477 S. Market St. in the SoFA District after $67 million in debt and equity were recently secured for its development by NorthMarq Capital.

Acacia Capital Corp. buys the 244-unit San Marquis apartments in Tempe for $58.5 million.