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Sale of 150-unit Central Jersey rental complex caps $1.47 billion year for Gebroe-Hammer

Sale of 150-unit Central Jersey rental complex caps $1.47 billion year for Gebroe-Hammer

by Joshua Burd | Jan 18, 2023

By Joshua Burd A garden-style apartment complex with more than 150 units has changed hands in central New Jersey, in a deal arranged by Gebroe-Hammer Associates, capping a year in which the firm brokered nearly $1.5 billion in multifamily investment sales. The...
Avison Young: Medical device maker takes 54,000 sq. ft. at Marlton office building

Avison Young: Medical device maker takes 54,000 sq. ft. at Marlton office building

by Joshua Burd | Jan 18, 2023

50 Lake Center in Marlton — Courtesy: Avison Young By Joshua Burd A medical device company has secured its new headquarters after leasing 54,000 square feet at a Burlington County office building, a broker with Avison Young announced Tuesday. The user, Impulse...
Hackensack apartment building trades for $5 million, Cervelli says

Hackensack apartment building trades for $5 million, Cervelli says

by Joshua Burd | Jan 18, 2023

226-228 River St. in Hackensack — Courtesy: Courtesy: Cervelli Real Estate and Property Management By Joshua Burd Investors have purchased a 28-unit apartment building in Hackensack for $5 million, in a newly announced transaction by Cervelli Real Estate and Property...
Diversified buys 10 acres in Jefferson slated for new upscale apartments

Diversified buys 10 acres in Jefferson slated for new upscale apartments

by Joshua Burd | Jan 18, 2023

The first phase of Jefferson Place on Hellers Lane in Jefferson will include 32 upscale apartments with resident amenities. — Courtesy: Diversified Properties By Joshua Burd Diversified Properties has acquired nearly 10 acres in Morris County where it now plans to...
Veerman: New York investor sells 211-unit Hudson County rental portfolio for $70 million

Veerman: New York investor sells 211-unit Hudson County rental portfolio for $70 million

by Joshua Burd | Jan 17, 2023

280 Fairmount Ave. in Jersey City — Courtesy: Veerman Asset Management By Joshua Burd An investment firm has sold a five-building, 211-unit apartment portfolio in Hudson County for more than $70 million, in a newly announced deal by Veerman Asset Management. According...
Pharma giant AbbVie takes 92,000 sq. ft. at BASF office building in Florham Park

Pharma giant AbbVie takes 92,000 sq. ft. at BASF office building in Florham Park

by Joshua Burd | Jan 16, 2023

100 Park Ave. in Florham Park — Courtesy: CBRE By Joshua Burd Global pharmaceutical firm AbbVie has leased more than 90,000 square feet in Florham Park, where it will occupy part of the acclaimed BASF North American headquarters building. The drugmaker is taking...
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