"The right mix of Class A construction, convenient location and transportation options plus an excellent value away from the Gold Coast has struck the ideal chord for our residents," said Adam Pasternack, president of Russo Property Management.

Some of the latest include The Ridge at Readington, 3 Acres, Summit Court, EDGE and sites in Jersey City.

Avison Young is general contractor and providing construction services for the 74,000-square-foot luxury living option from developer Kimble Wright.

The Morristown-based commercial real estate mortgage banking firm sourced the 20-year term loan through one of its correspondent lenders on behalf of Tulfra Real Estate and The Hampshire Cos., the joint venture partners behind Molly Brook on Belmont.

“When we conceptualized 3 Acres, we envisioned a community that provided a hospitality-inspired lifestyle experience that rivaled signature properties along the New Jersey waterfront and in New York City, but at a much more attractive price point,” 400 Claremont LLC Principal Art Johnson said in a prepared statement. “Fully leasing the building in such a short amount of time underscores the appeal of the building and the ongoing growth of the West Side as a new residential destination.”

Formerly the site of a medical office building, Garden Communities' boutique offering has reached 100% occupancy along the Raritan River.

The new project will see the development of a 120-unit property located just off of Interstate 78 and less than a mile from the border with Pennsylvania.

JLL Capital Markets secured a construction loan for the property, which will deliver approximately 300 one-, two- and three-bedroom units.

The Carlstadt-based company broke ground on its latest Vermella community in the state's largest city, which will bring nearly 300 units and 40,000 square feet of amenities within walking distance of the Broad Street station.

JLL Capital Markets arranged a loan for the community, which boasts 60 units with a mix of studio, one- and two-bedroom floorplans.

The Kislak Co. Inc. arranged the sale of three contiguous buildings located within walking minutes of the PATH station and Washington Street.

“During the first half of the year, many legacy owners realized that taking chips off the table sooner rather than later would be the wisest choice,” said President Ken Uranowitz. “This is especially prescient with the ‘R-word’ and additional rate hikes in the offing – two conditions they have lived through in past cycles.”