Residential & Mixed Use
Newark, East Newark portfolio with 20 apartments trades for $3.2 million, Kislak says

A partnership has sold a three-building, 20-unit apartment portfolio in Newark and East Newark for nearly $3.2 million, according to a brokerage team with The Kislak Co. Inc.

Editor’s Note
Sustained success

As you’ll read in this month’s cover story, the state’s Community Solar Energy Pilot Program has made it both easier and more lucrative for commercial property owners in New Jersey to go green, allowing solar developers to lease their rooftops and sell power to nearby residents. The policy has been critical to the growth of Solar Landscape, a solar developer founded in 2012 that’s been integral to the program’s rollout. Based in Asbury Park, the 10-year-old firm has leased more than 20 million square feet of rooftop space in New Jersey, making it a key player in the commercial real estate market in just a few years.

Industrial
Marcus inks sale of 31,000 sq. ft. Newark industrial building for $6 million

A private owner has sold a nearly 32,000-square-foot Newark industrial building for $6 million, in a newly announced transaction by Marcus & Millichap.

Professional Spotlight
Minno & Wasko Architects and Planners

MINNO & WASKO’s staff has extensive experience in all forms of residential and mixed-use construction. “Our designs are responsive to each individual market and are unique in creating projects that have lasting value to Owners and residents.” “We are about place-making and streetscape animation.”

Finance & Capital Markets
Newark, Irvington apartment owner refis for $39 million, Greystone says

The owner of a 287-unit apartment portfolio in Essex County has refinanced for more than $39 million, Greystone said, securing the debt under Freddie Mac’s Small Balance Loans program.

Professional Services
MIG Real Estate opens new office in Newark for growing brokerage, property management team

Brokerage and property management firm MIG Real Estate has opened a new office in Newark’s Ironbound section that will serve its growing roster of multifamily investor clients.

Industrial
Denholtz adds five-acre industrial parcel on Newark waterfront

Denholtz Properties has purchased a five-acre outdoor storage parcel in Newark, in the latest investment under a recently announced joint venture targeting industrial properties.

Residential & Mixed Use
Gebroe-Hammer inks sale of 119-unit Essex Co. portfolio, hitting $1.35 billion through Q3

An apartment owner has sold a 119-unit portfolio in Essex County for $16.55 million, in one of nearly two dozen third-quarter deals by Gebroe-Hammer Associates.

Retail
VanRock buys 14,000 sq. ft. Paramus strip center, Goldstein Group says

A local real estate firm has purchased a strip center along Route 17 in Paramus, in one of several newly announced deals by The Goldstein Group.

Health Care & Education
Lee & Associates: Buyer sought for new-look, 34,000 sq. ft. school building in Newark

A renovated school property in Newark is on the market for sale, in a newly announced offering by Lee & Associates New Jersey.