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 private investor has sold a 2,760-square-foot, net-leased bank property in Bordentown, in a nearly $1.7 million deal arranged by Marcus & Millichap.
A private investor has sold a nearly 10,300-square-foot strip center in Wyckoff for $2 million, brokers with Marcus & Millichap announced Tuesday.
A two-building, 20,700-square-foot retail and medical office complex in Somerville has changed hands for nearly $3.8 million, brokers with Marcus & Millichap announced.
A private investor has acquired a two-tenant retail pad site in Sicklerville, in a $5 million transaction arranged by Marcus & Millichap.
An investor has acquired a 1,800-square-foot Dunkin’ Donuts property in North Plainfield, in a $1.6 million sale arranged by Marcus & Millichap.
A developer has sold a newly built apartment and retail property in Paterson, in a $6.7 million transaction arranged by Marcus & Millichap.
Where have commercial real estate investors and lenders found unexpected (or lesser-known) opportunities in 2018? We assembled a panel of industry experts to tackle our recent roundtable question.
A joint venture has sold an office building in Clark after three years of ownership, fetching more than $10.5 million for the recently upgraded, 76,000-square-foot property.