JERSEY CITY, NJ—While many developers on the New Jersey urban “Gold Coast” are designing compact living spaces to attract millennials seeking a minimalist footprint, developer Manhattan Building Company is bucking the trend towards smaller apartments with the launch of its second Cast Iron Lofts rental building in Jersey City.

FLORHAM PARK, NJ—Tower Management Service has refinanced $98.403 million in loans covering an 11-property, 1,300-unit multifamily portfolio located in various New Jersey and New York locations. HFF senior managing director Thomas Didio helped place 11 separate 10-year loans with Freddie Mac.

BETHLEHEM TOWNSHIP, PA—In the two years since breaking ground, The Kushner Real Estate Group and The Silverman Group have transformed a former farm site into the largest privately owned mixed-use development in Pennsylvania, with shops and restaurants, and they've just completed leasing in the third building of luxury apartments in the community.

ROCHELLE PARK, NJ—Case Real Estate Capital's new joint venture with a New York-based real estate credit fund is already bearing fruit, according to Sandy Herrick, founder and managing principal of Case. The partnership recently acquired about $3 million in bank loans covering a condominium apartment properties and a non-performing loan secured by a private estate in New Jersey, and has other deals in the pipeline.

SADDLE BROOK, NJ—Industrial property availability in New Jersey dropped to 7.8 percent, a six-year low, in the fourth quarter of 2015, while industrial market experienced a strong finish to 2015 as it continued the recovery toward pre-recessionary levels.

MURRAY HILL, NJ—Gebroe-Hammer Associates has arranged the $47 million trade of Murray Hill Apartments, a 171-unit garden-apartment complex in Murray Hill, an unincorporated community spanning New Providence and Berkeley Heights, in northwestern Union County, NJ.

CARLISLE, PA—American Realty Advisors has acquired the 700,000 square-foot warehouse/distribution property at 2 Ames Drive in Carlisle, PA, from a joint venture between Dermody Properties and PCCP.

PERTH AMBOY, NJ—The Hampshire Cos. has sold a 255,000-square-foot industrial building it owns at One Buckingham Avenue in Perth Amboy, NJ to a buyer it declined to identify.