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Cushman: NJ multifamily sales surge as occupancy hits record
A new Cushman & Wakefield report finds transactions in the sector totaled $2.3 billion last year, while a 94.1% occupancy rate set a new record.
Woodmont apartments in Hopewell Valley sell for $115M
The deal for the stabilized, 300-unit community in Mercer County serves as a benchmark in the region, according to SAGE Real Estate Advisors.
Newark 58-unit multifamily property sells for $7.5M
Essex County continues to see investment activity, as ICON Real Estate closes deals in Brick City, East Orange and elsewhere.
‘Well-maintained’ Long Branch apartment complex sells for $9.75M
The garden-style community boasts a location 1 mile from both the Atlantic Ocean and Pier Village.
Hudson Atlantic’s latest apartment sales total $17.25M
The Matawan-based commercial real estate brokerage sold a 14-unit property located on King Cole Road, while in Cranford it negotiated a deal for the 46-unit Riverside Garden apartments.
CEI breaks ground on Avenue G in Bayonne
A joint venture between the Dallas-headquartered developer and New York-based Winter Properties, Avenue G will offer high-design apartments near the Hudson-Bergen 22nd Street Light Rail Station and Bayonne Crossing shopping mall.
The Park at Woodbridge Stations opens for preleasing
Wick Cos.’ newest apartment community will open in June.
