More than 300 apartments have changed hands in eastern Essex County under two recent portfolio sales brokered by Gebroe-Hammer Associates, the firm said Monday.
A joint venture is acquiring a 1,009-unit affordable housing portfolio, spanning seven towns in New Jersey, with the help of a $144 million Fannie Mae loan arranged by an out-of-state firm.
Ironstate Development Co. and The Alpert Group have started construction on a $33 million project that will bring 128 new apartments to an area at the border of Orange and West Orange.
A private investor has sold a 13,500-square foot mixed-use property in Orange for nearly $1.6 million, following a deal arranged by Marcus & Millichap.
