Residential & Mixed Use
Gebroe-Hammer closes $20 million in multifamily sales along Parkway corridor

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.

Photos
ProudLiving helps families in need during holidays

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.

Residential & Mixed Use
East Orange apartment building fetches $11.6 million, Gebroe-Hammer says

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.

Residential & Mixed Use
Essex County rental properties trade for $26.4 million

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.

Industrial
Irvington warehouse trades for $2.73 million

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.

Residential & Mixed Use
CBRE touts Essex County apartment sales totaling $13.6 million

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.

Residential & Mixed Use
Marcus: Investors testing new markets amid competition for northern N.J. multifamily deals

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.

Residential & Mixed Use
HMFA, developer unveil renovated housing complex in Irvington

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.

Finance & Capital Markets
Progress brokers $4.4 million loan for Irvington medical office sites

Progress Capital Advisors has secured more than $4 million for a client to refinance and upgrade two medical office properties in downtown Irvington.

Retail
AutoZone ground lease in Irvington sells for $3.9 million, Marcus says

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.