An investor has paid $17 million for a nine-building, 133-unit apartment portfolio in Paterson and Passaic, in a transaction arranged by Gebroe-Hammer Associates.
Gov. Phil Murphy has signed into law a bill that extends key deadlines for some projects that are still in development but were approved under two of the state’s defunct incentive programs.
The developer of two new apartment buildings in Paterson has secured more than $9.5 million in financing for the projects, in a set of newly completed transactions by Procida Funding.
A developer is moving ahead with a sweeping adaptive reuse plan in Paterson, where it hopes to transform a historic industrial complex into a destination for residents and businesses.
A private investor has acquired 38 apartments and commercial space in Paterson for nearly $8 million, according to brokers with Marcus & Millichap who arranged the deal.
DMR Architects is progressing on a host of residential, governmental and education projects in New Jersey, with design and construction ongoing in spite of the coronavirus crisis.
A private investor has sold a three-building, 37-unit apartment portfolio in Paterson for nearly $6.3 million, according to brokers with The Kislak Co. Inc.
T-Mobile has leased more than 6,600 square feet across four new locations in northern New Jersey, under a series of newly completed deals by The Goldstein Group.
The coronavirus pandemic has done more than present a major health crisis to the American people — it poses a major threat to commercial real estate and the economy at large.
