The owner of a 13-property residential and mixed-use portfolio in Essex and Hudson counties has refinanced the properties for $57 million, brokers with CBRE announced Wednesday.
Amboy Bank, B-360 ink $33 million construction loan for East Orange project
Amboy Bank has closed on a $33 million construction loan for the developer of an 18-story luxury residential building in East Orange, the latest partnership between the two entities.
Investment firm has keyed on transit-centric, workforce housing in northern New Jersey
A real estate investment and management firm has quietly built a portfolio of transit-centric, workforce housing properties in northern New Jersey — with local holdings that have grown to some 40 properties with more than 2,000 apartments — and it sees a continued opportunity for expansion in the state and in the region.
Team Resources inks 121,000 sq. ft. lease in Mahwah among Q4 deals
A maker of lab supplies has leased 121,000 square feet at a Mahwah industrial building, in one of several year-end deals announced by Team Resources Inc.
East Orange developer details plans for 201-unit apartment tower
A developer is on track to break ground on a new 18-story luxury residential tower in East Orange after winning approval for a payment in lieu of taxes agreement.
Marcus: Investors testing new markets amid competition for northern N.J. multifamily deals
Investor appetite for northern New Jersey’s multifamily sector showed few signs of slowing down in 2018, causing buyers to explore new frontiers in the market, move more aggressively and expand into other asset classes. That’s according to brokers with Marcus & Millichap, who say that out-of-market buyers from New York City and elsewhere have begun to pivot in recent months in order to find new deals.
Developer launches $20 million affordable housing rehab in East Orange
A developer has kicked off a $20 million rehabilitation of a 180-unit former public housing complex in East Orange, under a partnership with the city’s housing authority.
DMR announces new hires in four departments
DMR Architects has added to its team once again in response to continued demand for design services in education, residential and other fields, the firm announced recently.
East Orange apartment tower trades for $22 million, Marcus & Millichap says
Investors have acquired a 206-unit apartment high-rise in East Orange for $22 million, in a deal announced Thursday by Marcus & Millichap.
Essex County apartment deals total $31.7 million, Gebroe-Hammer says
Nearly 250 units in East Orange and Newark have changed hands for a combined $31.7 million, in a trio of investment sales brokered by Gebroe-Hammer Associates.
