Three-property, 113-unit rental portfolio in East Orange trades for $15 million

A private investor has acquired a 113-unit apartment portfolio in East Orange for nearly $15 million, under a newly announced transaction by Gebroe-Hammer Associates.

Gebroe-Hammer touts spring momentum, inking $269 million in recent multifamily sales

Gebroe-Hammer Associates is riding continued investor appetite for New Jersey’s multifamily sector, having completed 21 deals for a combined $269 million in the past two months alone.

New 60-unit apartment complex, part of Sparta town center project, sells for $15 million

A newly built, 60-unit apartment complex in Sussex County has changed hands for nearly $15 million, in a transaction arranged by Gebroe-Hammer Associates.

Journal Square apartment building trades for $25 million, Gebroe-Hammer says

An Ohio-based company has added to its New Jersey holdings with its recent purchase of a 94-unit apartment building in Jersey City, in a deal arranged by Gebroe-Hammer Associates.

Gebroe-Hammer touts Q1 apartment sales totaling $490 million, spanning 4,000 units

Gebroe-Hammer Associates is off to a strong start in 2021, touting the sale of more than 4,000 apartments in the first quarter with a combined value of nearly $500 million.

Progress Capital sources $17.25 million loan for Journal Square apartment deal

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.

Dover apartment complex trades for $15.7 million, Gebroe-Hammer says

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.

High-rise apartment building in Elizabeth fetches $21 million, Gebroe-Hammer says

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.

OneWall sells 641-unit portfolio in Newark, Irvington for $72 million

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.

Real Estate NJ’s 2021 Market Forecast

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.