An investor has acquired three apartment properties in Elizabeth as part of a $10.5 million portfolio sale arranged by Gebroe-Hammer Associates, the brokerage firm said Monday.
Apartment rental rates in northern New Jersey will grow for the sixth consecutive year, a new report has found, as leasing activity keeps pace with the roaring pace of new construction.
More than 8,000 apartments will be delivered this year through new construction in northern New Jersey, the highest total of any year to date in the current real estate cycle.
