CMC: Parsippany apartment complex owner lands $12.7 million refi

An apartment owner has refinanced an eight-building, 222-unit complex in Parsippany for $12.7 million, in a newly announced transaction by Commercial Mortgage Capital.

High-rise apartment building in Elizabeth fetches $21 million, Gebroe-Hammer says

The longtime owner of a 109-unit apartment building in Elizabeth has sold the property for more than $21 million, in a newly announced transaction by Gebroe-Hammer Associates.