A joint venture led by Invel Capital has acquired a 70-unit luxury apartment building in West Orange for nearly $41 million, in a transaction arranged and financed by JLL.
Residential & Mixed Use
The construction boom in New Jersey is no more evident than in the multifamily and mixed-use sector, thanks to changing demographics and the demand for urban-style living, even in the suburbs.
Owners Council Q&A: Lance Bergstein
The market has really ebbed and flowed over the last 12 months. There were spurts of positive progress coupled with deterrents. I think this recent rate cut will help the macro environment but many of the fundamentals have remained the same. As a whole, the country is in an interesting political environment, which is perhaps more impactful to the economy than raw economic data.
Amazon, Uber Eats and Whole Foods walk into a lobby: From grandeur to groceries, the lobby has a new job description
From Journal Square to Paulus Hook, New Jersey’s Gold Coast is lined with stunning pre-war buildings that speak to a bygone era of craftsmanship, character and architectural grandeur. High ceilings, intricate moldings, brick facades and hand-laid parquet floors give these properties a timeless appeal, especially for developers and residents who value authenticity over uniformity. But restoring and reimagining these buildings for modern use — particularly in a way that makes them fully accessible — is one of the biggest challenges construction teams face today.
