The developer of an apartment tower just outside New Brunswick has sold the building for $54 million, in a deal brokered by HFF’s New Jersey office.
A vote by local officials in Emerson could bring a developer one step closer to building a mixed-use project that would transform part of the town’s central business district.
Two Morristown-based firms are among those involved in the acquisition of a 216-unit apartment complex in Denver, the companies announced Monday.
Woodmont Properties is officially seeking renters for its newest apartment community.
An affiliate of Prism Capital Partners has closed on its purchase of the former Hoffman-La Roche campus in Nutley and Clifton, clearing the way for the developer to recreate the 116-acre site with a mix of new commercial tenants, retailers and residential development.
The landmark Hess tower in Woodbridge may be getting some company in the years ahead. That’s according to a plan laid out Wednesday by developer Ed Russo, whose firm is part of a joint venture that aims to acquire and transform some 30 acres around the iconic building. He said the Carlstadt-based firm and its partner, Onyx Equities, intend to build a mixed-use community with roughly 600 residential units and 40,000 square feet of retail space.
The owner of a two-building, 128-unit apartment complex in Hoboken has tapped HFF to sell the property, with brokers touting a “substantial value-add potential” in the state’s strongest rental submarket.
A landlord in Montclair has tapped Value Asset Management to oversee leasing and management of two neighboring apartment buildings in the Essex County township.
If the first 40 years of Woodmont Properties were about becoming an institution in New Jersey’s real estate sector, the last 10 have been about ushering in a new era for the Fairfield-based firm. Look no further than the developer’s multifamily portfolio.