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.
A developer has completed a major renovation of a 152-unit affordable rental complex in Irvington, thanks in large part to a state financing package.
Progress Capital Advisors has secured more than $4 million for a client to refinance and upgrade two medical office properties in downtown Irvington.
A developer has sold the ground lease for an 8,000-square-foot net-leased retail property in Irvington, in a nearly $4 million deal arranged by Marcus & Millichap.
Dollar Tree is set to add eight locations in New Jersey, following a set of leases brokered by R.J. Brunelli & Co. LLC.
A development group has unveiled the first piece of a mixed-income residential project at the former site of a blighted, long-vacant hospital in Irvington.
A seven-building residential and retail portfolio in Irvington has changed hands for nearly $18 million, in a transaction brokered by The Kislak Co. Inc.
A regional fitness chain is set to open its seventh club location in the state, following an 8,000-square-foot lease in Irvington arranged by Zoltek Realty.