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.

East Orange rental project lands $7.6 million construction loan, Meridian says

Meridian Capital Group has arranged $7.6 million in construction financing for a new 58-unit residential project in East Orange, the real estate services firm said.

East Orange rental portfolio sold for $19.4 million

An out-of-state buyer has paid nearly $19.4 million to acquire a four-building, 200-unit apartment portfolio in East Orange, as part of a sale brokered by The Kislak Co. Inc.

New fitness center anchors mixed-use redevelopment in East Orange

A real estate investment firm is marking the debut of a 16,400-square-foot health club in East Orange, a major step forward in a plan to reposition the once-vacant commercial property.

Ministry leases 8,900 sq. ft. at historic East Orange building

A church organization has leased nearly 9,000 square feet at a historic complex in East Orange, according to brokerage firm Sheldon Gross Realty.

East Orange apartment sales total $11.75 million

Seven apartment buildings with 140 units in East Orange have changed hands for a combined $11.75 million, in a set of transactions announced Friday by The Kislak Co. Inc.