The buyer of an apartment and retail building in Jersey City has landed more than $17 million in financing, according to an advisory team with Progress Capital.
A private investor has purchased a 100-unit apartment complex in downtown Dover for nearly $16 million, in a newly announced transaction by Gebroe-Hammer Associates.
The longtime owner of a 109-unit apartment building in Elizabeth has sold the property for more than $21 million, in a newly announced transaction by Gebroe-Hammer Associates.
A multifamily investment firm has sold a seven-building, 641-unit portfolio in Newark and Irvington for $72 million, nearly doubling the price it paid for the properties in 2016.
After a year like no other, New Jersey’s commercial real estate industry is eager to turn the page. But many believe the pandemic’s impact will be felt for months if not years to come. As always, we’re here to help you make sense of it all with the help of some top developers, service providers and thought leaders. You can find their predictions for the year ahead and more in our special 2021 Market Forecast.
Gebroe-Hammer Associates is hailing the completion of some $1.3 billion in transaction volume in 2020, defying the pandemic and showing the strength of the multifamily sector.
An investor has paid $17 million for a nine-building, 133-unit apartment portfolio in Paterson and Passaic, in a transaction arranged by Gebroe-Hammer Associates.
Gebroe-Hammer Associates is touting the recent completion of multifamily asset sales valued at $164 million, with momentum expected to continue in New Jersey through the end of 2020.
A sprawling collection of more than 400 apartments is on the market for sale in New Jersey, in a newly announced offering by Gebroe-Hammer Associates.