Hundreds turned out Thursday for Monmouth University’s annual real estate awards dinner, which marked its 25th anniversary and honored an executive with Rouse Properties for his role in the plan to transform the Monmouth Mall in Eatontown.
Kushner Cos. has acquired a two-building, 360-unit apartment property in Hackensack for a reported $100 million, marking its latest multifamily purchase in New Jersey in recent years.
The Kushner Cos.’ acquisition of a garden apartment complex near Princeton was not only the state’s largest single-asset deal of 2017, but among the top 20 nationwide in a newly released list of multifamily investment sales.
Kushner Cos. has acquired a 1,032-unit garden apartment community near Princeton for $190 million, bringing the property back under its control more than a decade after selling it.
Another apartment community has hit the market in Plainsboro, an affluent suburb where investors have shown an appetite for value-add opportunities at garden-style properties.
Local officials in Eatontown have approved a zoning change that would allow the Kushner Cos. to move ahead with its sweeping mixed-use redevelopment of the Monmouth Mall.
