An investor has paid $17 million for a nine-building, 133-unit apartment portfolio in Paterson and Passaic, in a transaction arranged by Gebroe-Hammer Associates.
Gov. Phil Murphy has signed into law a bill that extends key deadlines for some projects that are still in development but were approved under two of the state’s defunct incentive programs.
A veteran of the financial services industry has joined Lenders Capital Realty Services, a commercial real estate advisory firm, as partner and chief operating officer.
A developer has acquired more than six acres in Morris County and is moving ahead with plans for a 50-unit apartment building at the site, according to NAI James E. Hanson.
Procida Funding & Advisors has originated a $14.5 million construction loan to the developer of an age-restricted condominium property in Bergen County.
A bill to create a sweeping new program of business and development incentives in New Jersey is awaiting Gov. Phil Murphy’s signature after being passed by state lawmakers on Monday.
The state has named the new leader of the New Jersey Housing and Mortgage Finance Agency, tapping a key official in the Department of Community Affairs to fill the role.
AvalonBay Communities Inc. has sold a 384-unit luxury multifamily complex in the Somerset section of Franklin, under a newly announced transaction by JLL.