A buyer has paid $55 million for a 232-unit garden apartment complex in New Providence, in a deal arranged by brokers with Gebroe-Hammer Associates.
Market Sectors
New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.
Is N.J. ready for an affordable housing building boom? Experts weigh in
For all of the uncertainty over how many new affordable housing units that municipalities will be forced to allow — whether it’s 100,000 or 300,000 — there will be another key question to answer when the state Supreme Court makes that determination.
Can the market in New Jersey support that many new homes?
Affordable housing takes center stage at Rutgers event
After decades of litigation and controversy over how to address affordable housing in New Jersey, stakeholders on virtually all sides appear to be coming together on at least one point:
We may finally be inching toward a solution — even if it’s one that is messy, imperfect and still likely to cause additional strife across the state as the key details are worked out.
