Residential & Mixed Use
CBRE: Buyer wanted for 14-property, 3,700-unit rental portfolio in New Jersey, Pennsylvania

The longtime owner of nearly 3,700 garden apartments across New Jersey and Pennsylvania is seeking a buyer for the portfolio, according to listing brokers with CBRE.

Community
Pillar Care, nonprofit with strong ties to New Jersey real estate sector, set to honor Elberon’s Gibbons at upcoming fundraiser

Elberon Development Group’s Dave Gibbons will take center stage next week as the honoree for Pillar Care Continuum’s largest annual fundraiser, continuing the commercial real estate industry’s longtime support of the nonprofit serving those with disabilities and special needs.

Residential & Mixed Use
Accurate’s pipeline is surging, with an aggressive (but long-term) approach to development

Accurate has been prolific in building and lining up new multifamily development projects across New Jersey, having completed some 1,000 residential units since 2021 alone. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including some 4,000 in Newark, with more to come.

Industrial
Investment firm buys 144,000 sq. ft. Essex County facility in sale-leaseback

Investment firm MAG Capital Partners has acquired a nearly 145,000-square-foot building in Essex County as part of a sale-leaseback with the owner of a cosmetics manufacturer.

Residential & Mixed Use
Sanzari completes 1031 exchange, purchasing 24-unit rental complex in Essex County

Alfred Sanzari Enterprises has acquired a 24-unit luxury apartment community in Essex County as part of a newly completed 1031 exchange.

Residential & Mixed Use
C&W: Buyer wanted for new 24-unit rental property in Cedar Grove

A newly developed, 24-unit apartment property in Cedar Grove has hit the market for sale, brokers with Cushman & Wakefield announced Wednesday.

Retail
Urgent care franchise leases 5,000 sq. ft. in Cedar Grove, Goldstein Group says

An urgent care clinic has added a new location in New Jersey, taking 5,000 square feet in Cedar Grove as part of a newly announced deal by The Goldstein Group.

Residential & Mixed Use
K. Hovnanian set to debut new 460-unit townhome project in Cedar Grove

K. Hovnanian Homes is taking the wraps off a new development that will bring 460 luxury townhomes to a site about three miles from downtown Montclair.

Retail
Net-leased bank site in Essex County trades for $5 million

A developer has sold a 4,200-square-foot net-leased bank property in Cedar Grove as part of a $5 million deal brokered by Marcus & Millichap’s northern New Jersey office.