The original developer of a Wood-Ridge apartment building has sold the complex, in one of several newly announced transactions by Gebroe-Hammer Associates.
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.
Workforce housing investor, manager launches $50 million acquisition fund
A real estate investment and management firm has launched a $50 million fund to acquire transit-oriented, workforce housing in New Jersey and elsewhere in the Northeast.
Developer, public officials unveil veterans memorial at Fort Monmouth
RPM Development Group and other stakeholders have unveiled a new memorial at Fort Monmouth, paying homage to the historic former U.S. Army post and several military veterans with close ties to the region.
Plainfield project with apartments, bakery wins zoning board approval
A rendering of a mixed-use project at 123-129 East 5th St. in Plainfield — Courtesy: Taylor Architecture & Design By Joshua Burd A proposal to bring 18 new apartments and commercial space to a cultural district in Plainfield has secured…
JLL: Investor acquires Morris County rental complex for $40 million
A multifamily owner has reaped nearly $40 million from the sale of a 123-unit, garden-style apartment complex in Morris County, following a sale arranged by JLL.
NAIOP highlights standouts in service, advocacy at annual awards dinner
Commercial real estate leaders came together on Monday to honor a group of top advocates and service professionals, touting their work in public policy and in shaping the industry’s future.
Rent control is not a solution to our affordable housing crisis
Among the many issues facing our nation, the availability of affordable housing, or lack thereof, is a problem that lawmakers have been trying to address for decades. Federal programs that either support the development of affordable housing or provide assistance to renters through vouchers have been woefully underfunded, and state and local elected officials are looking for solutions. Unfortunately, some have turned to rent control as an answer. But the reality is that rent control will not only fail to solve our affordable housing crisis, it will actually make it worse.
PRC, Circle Squared unveil Jersey City rental building at NJCU-led project
A joint venture has taken the wraps off a new 144-unit luxury apartment building in Jersey City, the latest piece of a high-profile redevelopment effort led by New Jersey City University.
New York investor buys Garfield rental property, its first New Jersey acquisition
An out-of-state investor has acquired a newly built, 75-unit apartment complex just steps from a train station in Garfield, in a newly announced transaction by CBRE.
JLL inks $118 million loan package for Roseland apartment community
The owner of a 360-unit apartment community in Roseland has secured nearly $120 million in financing, in a newly announced transaction by brokers with JLL.
