An investor has paid more than $40 million to acquire a newly built, 125-unit rental development in Middlesex County, in a transaction arranged by Gebroe-Hammer Associates.
Woodmont Properties has completed its lease-up at one of its newest luxury rental communities and has put the 126-unit property on the market for sale.
Woodmont Properties has opened the doors to its newest luxury residential community, a mix of more than 120 townhomes and apartments near the South Amboy train station and waterfront.
Woodmont Properties has started construction on another transit-centric residential development in Middlesex County, this time in South Amboy at a site along the Raritan Bay.
Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.
