Real Estate NJ’s 2022 Market Forecast

Every year has its ups and downs. Every market has highs and lows. Both were true when it came to New Jersey’s commercial real estate sector in 2021, a year that marked ongoing dominance for some asset classes, as COVID-19 continued to loom over others. Whether those trends endure in 2022 remains to be seen, but we’ve recruited some of the industry’s most prominent developers, service providers and insiders to help set the stage. You can find their predictions, insights and more in our special 2022 Market Forecast.

Gebroe-Hammer inks $83 million sale of 542-unit Union County apartment portfolio

An apartment owner has sold a 17-building, 542-unit portfolio in Union County for nearly $83 million, under a deal arranged by Gebroe-Hammer Associates.

Kearny apartment complex fetches $36 million amid town’s ongoing revival

A longtime apartment owner in Kearny has reaped more than $36 million from its recent sale of a seven-building, 171-unit complex in the town, according to Gebroe-Hammer Associates.

East Orange apartment portfolio fetches $113 million, Gebroe-Hammer says

An apartment owner has sold a 10-building, 641-unit portfolio in East Orange for $113 million, in a newly announced transaction by Gebroe-Hammer Associates.

Progress inks $27 million acquisition loan for Kearny apartment deal

The buyer of a six-building, 171-unit apartment complex in Kearny has secured $27 million in financing, in a newly announced transaction by Progress Capital.

Gebroe-Hammer inks $12 million sale of 88-unit apartment portfolio in East Orange

A private investor has purchased a two-building, 88-unit apartment portfolio in East Orange for nearly $12 million, according to a brokerage team with Gebroe-Hammer Associates.

Developers sell new East Rutherford apartments for $11.6 million, Gebroe-Hammer says

The developers of a new 35-unit luxury apartment building in East Rutherford have sold the property for $11.6 million, in a transaction arranged by Gebroe-Hammer Associates.

Jersey City: 134-unit rental portfolio trades for $21 million, Gebroe-Hammer says

A six-property, 134-unit apartment portfolio in Jersey City has changed hands for more than $21 million, in a newly announced transaction by Gebroe-Hammer Associates.

Gebroe-Hammer rides multifamily momentum, inks $917 million in first-half sales

Investor demand for New Jersey apartments has only intensified, fueling nearly $1 billion in multifamily sales by Gebroe-Hammer Associates in the first half of 2021.

Buyer wanted for 129-unit East Orange apartment portfolio, Gebroe-Hammer says

The owner of a three-building, 129-unit apartment portfolio in East Orange is seeking a buyer for the properties, having tapped Gebroe-Hammer Associates to market the offering.