A developer has acquired a newly built, 45-unit apartment building in Jersey City’s Journal Square section for $17.7 million, in a deal arranged by Marcus & Millichap.
A surge of new supply is coming to northern New Jersey’s apartment market, with some 12,000 units slated to be delivered this year in a region with one of the country’s lowest vacancy rates.
A private investor has acquired a three-building industrial complex in North Bergen for $11.1 million, in a newly announced deal by Marcus & Millichap.
An investment group has sold a mixed-use building in downtown Red Bank for $12.75 million, or more than $450 per square foot, in a deal arranged by Marcus & Millichap.
