Montclair apartment building sold after 52 years, fetching $38 million, Gebroe-Hammer says

The owner of a well-known, 133-unit apartment building in Montclair has sold the property after more than five decades, in a $38 million deal arranged by Gebroe-Hammer Associates.

East Orange property owners group names new president, secretary

Two multifamily investors in East Orange have been named to new roles with an industry group made up of fellow property owners in the city.