Prospective renters can now remotely tour one of New Brunswick’s newest luxury apartment buildings, part of a landmark performing arts center project in the downtown.
Alan Hammer is not only a commercial real estate attorney with nearly 50 years of experience, but a self-described “hands-on” apartment operator in New Jersey and Pennsylvania. Simply put, he’s all too familiar with the dilemma that landlords in the region will face on the first of the month and beyond, with moratoriums on evictions during the coronavirus crisis.
JMF Properties, one of New Jersey’s leaders in residential and commercial redevelopment, has emerged from 2019 with a growing roster of brand-name retail and hospitality tenants.
A private investor has acquired a 70-unit garden apartment complex in Plainfield, in one of two newly announced transactions in the city by Gebroe-Hammer Associates.
The buyer of a newly developed, 104-unit apartment building in Jersey City has secured more than $40 million in financing, in a transaction arranged by JLL.
Two of the biggest names in Jersey City real estate have teamed to help the families impacted by the December mass shooting in the city, which claimed the lives of four victims.
When COVID-19 hit the United States, most Americans never imagined the impact it would have on daily life. As the virus spread, states like New Jersey started to implement policies to promote social distancing and to help those impacted by the economic fallout of the crisis, including policies such as an eviction moratorium. While such a policy addresses one specific immediate-term problem, it does not address the systemic need for rent revenue that supports an entire multifamily ecosystem, which is a critical component of New Jersey’s economy and significantly supports the State and municipalities through taxes. Without rental assistance and an understanding that rent is still due, multifamily jobs will be lost, private-sector financial obligations may not be met, utilities will not be paid and municipalities might see shortfalls due to the inability to pay property taxes. That is why we need a rental assistance program immediately.
More than two dozen aspiring commercial real estate leaders were on hand last month to hear directly from two of the state’s top industry practitioners, as part of a mentoring program by the Urban Land Institute of Northern New Jersey.
Denholtz Properties has secured more than $17 million in financing to develop 57 luxury apartments and retail space in Red Bank, brokers with JLL announced Thursday.
Kushner Real Estate Group has unveiled a new virtual platform to provide a calendar of online social, fitness, entertainment and educational options to help the public practice social distancing during the COVID-19 crisis.