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.
A former Chase bank branch in Lake Hopatcong has changed hands for an undisclosed price, in one of two newly announced transactions by The Goldstein Group.
A proposed 370-unit apartment tower in Newark has secured a 30-year tax abatement, as city officials move to advance a series of planned developments despite the pandemic.
Five apartment properties with a combined 117 units have changed hands in Essex, Union and Monmouth counties, in a series of newly completed deals by Gebroe-Hammer Associates.
ProudLiving Companies, a local real estate company with a mission of long-term neighborhood revitalization, recently partnered with five New Jersey municipalities to distribute Thanksgiving turkeys to families in need.
A private investor has acquired a 76-unit apartment building in East Orange for nearly $12 million, under a newly announced transaction by Gebroe-Hammer Associates.
More than 200 apartments have changed hands in Essex County for a combined $26.4 million, under a series of newly announced transactions by Marcus & Millichap.
A nearly 26,000-square-foot warehouse in Irvington has changed hands for more than $2.7 million, under a transaction arranged by The William F. Connors Agency.
An investor has paid more than $7.3 million for a 47-unit apartment building in Orange, CBRE said, in the largest of four newly completed transactions in Essex County.
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.