JV reportedly pays $181M for N.J. affordable housing portfolio

A joint venture is acquiring a 1,009-unit affordable housing portfolio, spanning seven towns in New Jersey, with the help of a $144 million Fannie Mae loan arranged by an out-of-state firm.

HFF: 116K sq. ft. shopping center sells for $36 million

A sprawling grocery-anchored shopping center in East Orange has changed hands, following a sale brokered by HFF’s New Jersey office.

Essex County apartments to stay affordable after $22M trade

A multifamily owner is set to acquire a 178-unit property in East Orange, as part of a $22 million deal that calls for preserving its status as affordable housing.

East Orange landlord taps crowdfunding site to reach new investors

A real estate crowdfunding platform has made its first foray into New Jersey with an apartment building in East Orange, where an owner is seeking to recapitalize the property and tap into the demand for rental housing just outside New York City.

Gebroe-Hammer notches nearly $150M in sales over 90 days

Brokers with Gebroe-Hammer Associates have made the most of their home field advantage in recent months, closing 15 different multifamily sales in Essex County in the past 90 days.

Three Essex County multifamily towers sell for $27M

Private investors have acquired a set of apartment high-rises in East Orange, paying $27.15 million for nearly 250 units in one of the city’s main thoroughfares.

Hospital operator sells, leases back East Orange building

The parent company of East Orange General Hospital has sold and leased back a 68,000-square-foot building adjacent to the facility, in a deal arranged by Lee & Associates of New Jersey.

Kislak: East Orange apartment properties trade for $19.6M

The Kislak Co. Inc. has sold an apartment portfolio spanning five properties in East Orange, in what the firm says is the largest multifamily sale in the city since 2012.