A private investor has acquired a 76-unit apartment building in East Orange for nearly $12 million, under a newly announced transaction 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.
Kislak closes Jersey Shore investment sales totaling $8.5 million
An investor has acquired a 32-unit garden apartment complex in Long Branch for more than $4 million, in the largest of three newly announced transactions by The Kislak Co. Inc.
Kennedy Funding inks $1 million loan for 22-acre project in Tulsa
Kennedy Funding has closed on more than $1 million in financing to help pave the way for a planned mixed-use development in Tulsa, Oklahoma.
L+M sees new office space as key complement to apartments, retailers at historic Newark tower
With renters flocking to Walker House’s 264 apartments and commitments from a host of retailers, L+M Development Partners is keenly focused on the third piece of its formula. The New York-based developer, alongside brokers with JLL, has stepped up efforts to market more than 50,000 square feet of available office space at the building, touting the promise of downtown Newark’s resurgence and a workplace that is like few others in New Jersey.
JLL: Buyer wanted for newly built apartment, retail complex in Metuchen
A newly built apartment and retail complex in Metuchen is on the market for sale, providing an investment opportunity in the borough’s revitalized downtown and transit district.
Mack-Cali lands $300 million loan for 750-unit tower in Jersey City, CBRE says
Mack-Cali Realty Corp. has closed on a $300 million construction loan for its planned 750-unit residential tower in downtown Jersey City, brokers with CBRE announced Monday.
Plainfield: Paramount breaks ground on 70-unit project near train station
Paramount Assets has launched construction for a project that will bring dozens of new luxury apartments and retail space to an area near one of Plainfield’s train stations.
Jersey City, developers eye 1.5-acre park space for new residential neighborhood
Developers and local officials have broken ground on a new $2 million park in Jersey City that will look to be a focal point for an emerging residential neighborhood.
Gebroe-Hammer touts apartment deals in Bergen, Passaic totaling $154 million
The original developer of a Wood-Ridge apartment building has sold the complex, in one of several newly announced transactions by Gebroe-Hammer Associates.
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.
