A growing residential real estate investment lender has expanded into New Jersey, while announcing the hiring of an executive to lead the new office.
A seven-building, 351-unit apartment complex in Fort Lee is on the market for sale, with the potential to draw offers in the range of $170 million.
You may have heard by now about the rush for life sciences space in the wake of last year’s COVID-19 outbreak, which could still continue even after the virus is under control. New Jersey, of course, should stand to benefit with a deep pool of intellectual talent that rose to the occasion in the nation’s fight against the pandemic. That’s the good news, but tapping into that demand remains somewhat complicated.
A developer is more than half-leased at a new boutique apartment building in Morristown, touting its proximity to the downtown and its large outdoor amenity spaces.
An investor has sold a 13-unit apartment building in Asbury Park for $2.3 million, in a deal that comes less than three years after it purchased the property.
After treading lightly for much of the past year, institutional investors appear poised to accelerate their commercial real estate spending in 2021. New Jersey and other suburban markets could benefit in the near term as buyers await the return of New York City — especially in an apartment sector that is regaining its footing after stumbling during the pandemic.
CBRE has brokered the sale of a fully approved development site in Plainfield, where plans call for 104 apartments within walking distance of NJ Transit rail service.
The owner of a 100-unit luxury apartment building in Edgewater is seeking a buyer for the property, under a newly announced offering by JLL’s New Jersey capital markets team.