U.S. Senator Bob Menendez, the ranking member of the Senate’s housing subcommittee, today heard directly from New Jersey mayors whose communities have benefited from federal investments through the U.S. Department of Housing and Urban Development (HUD) before meeting with HUD Secretary-designee Dr. Ben Carson. Sen. Menendez will question Dr. Carson Thursday during confirmation hearings before the Senate Banking Committee
Rep. Norcross Announces South Jersey Education & Career Training Program Receives $1.1 Million Federal...
Rep. Donald Norcross (NJ-01) today announced a $1.1 million U.S. Department of Labor grant for the Housing Authority of the City of Camden for its YouthBuild program. “I visited YouthBuild Camden last year with U.S. Labor Secretary Tom Perez. We saw first-hand the program putting students on the right track.
Christie Administration Marks Grand Opening of Affordable Housing in Essex County Assisted with Sandy...
New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta today joined local officials and representatives of the Orange Housing Development Corporation, The Alpert Group, LLC, and the City of Orange Township to celebrate the official grand opening of Walter G. Alexander Village, Phase III. The third and final phase of the award-winning affordable apartment community includes 42 units, 5 of which are set aside for special needs and homeless families.
Broad-based Water Infrastructure Investment Package Unveiled Today Includes Booker Provision to Expand Lead Testing...
Senate Democrats introduced a broad-based new plan today that strengthens the federal government’s role in water infrastructure investment, lead remediation and drinking water protection, and a provision co-sponsored by U.S. Sen. Cory Booker (D-NJ) to help school districts across the country test their drinking water for potential lead contamination is a key component
Congressman Frank Pallone, Jr. (NJ-06) joined Mayor Wilda Diaz in Perth Amboy to highlight the need for investment in water infrastructure in New Jersey and throughout the country. In February, Pallone introduced, the AQUA Act, which significantly increases water infrastructure funding authorization so local communities can repair and replace their aging water systems to ensure residents have access to clean and safe drinking water. Pallone, the Senior Democrat on the House Energy and Commerce Committee, also advocated for solutions to address lead poisoning in water at a hearing last week.
Rep. Donald Norcross (NJ-01) today led a new effort in the U.S. House of Representatives to bring attention to the conditions of millions of hardworking American men and women who are literally working to build and maintain our country
New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta today announced the award of $31.9 million in federal Low Income Housing Tax Credits (LIHTCs), which will generate $319 million in investment capital to build more than 1,700 rental units across New Jersey.
U.S. Sen. Cory Booker (D-N.J.), joined a bipartisan and bicameral coalition of congressional leaders to announce that they will work together to develop new solutions to provide access to capital and new private sector investment in distressed communities all across the country. Led by Sen. Cory Booker (D-NJ) and Tim Scott (R-SC) in the Senate and Pat Tiberi (R-OH) and Ron Kind (D-WI) in the House, this group will work together to produce legislation in the fall.
Extremely favorable demographic and employment trends, coupled with sustained rent and valuation appreciation, are the leading drivers of historic multi-family trading along the New Jersey/Pennsylvania corridor, according to investment brokerage firm Gebroe-Hammer Associates. At the mid-year mark, the firm’s transaction pace is on track to surpass last year’s benchmarks, as evidenced by the recent $165.8+ million in sales involving 912 units in a two-week timeframe.
NJ nonprofit community developers testified on the sector’s multi-billion dollar economic impact at a State House hearing before the Assembly Commerce and Economic Development Committee today. Citing a report that found the sector has generated $12 billion for the state’s economy, over 100 advocates met with lawmakers urging greater investment in the state budget for housing and community development as part of the Housing and Community Development Network of New Jersey’s (the Network) annual Lobby Day
Actions taken by the Board of the New Jersey Economic Development Authority (EDA) today under the Grow New Jersey Assistance Program (Grow NJ) include projects that support the attraction of businesses in the manufacturing industry that hold the promise of creating over 450 new jobs and leveraging the private investment of more than $26.2 million in New Jersey’s economy.
U.S. Senators Bob Menendez and Cory Booker (both D-NJ) today announced a combined $704,900 in Federal Aviation Administration (FAA) grants for improvements at Lakewood and Essex County Airports.
Grande Apartments, located at 240 West Sumner Ave. in this Union County suburb, has been sold for $12.17 million in a trade arranged by the multi-family investment brokerage firm Gebroe-Hammer Associates of Livingston. The team of Managing Director Joseph Brecher and Senior Vice President Stephen Tragash exclusively represented the seller, Sumner Rose LLC, and procured the buyer, Landmark Companies, LLC. Previously, Gebroe-Hammer arranged the sale of the same property in 2006
Bergen County, NJ is among the most aggressively priced and highest-barrier-to-entry multi-family investment markets in the region, according to the brokerage professionals at Gebroe-Hammer Associates. In a recent two-week timeframe, the Livingston-based brokerage firm arranged three separate apartment building sales in the county, which accounts for approximately 10 percent of New Jersey’s overall population.
TRENTON, NJ – April 15, 2015 – (RealEstateRama) — The Board of the New Jersey Economic Development Authority (EDA) today took action on several projects...
DeNeal’s Café & Grill at 40 and 50 Union Avenue Medical/Professional Office Campus recently marked its grand opening on the ground floor of the eight-story, 52,000-square-foot 50 Union Ave., office tower. The café, which is just steps from the adjacent four-story, 20,000-square-foot 40 Union Ave. building, is operated by Alesia Williams, a 17-year food service industry veteran.
Gebroe-Hammer Associates Completes Multifamily Sales Totaling 463 Units throughout Northern New Jersey and Pennsylvania
Gebroe-Hammer Associates’ investment brokerage activity in Northern New Jersey and Pennsylvania is nearing unprecedented levels as multifamily buyers and sellers seek properties with rent-growth and value-add potential. The firm’s area market specialists recently arranged 12 sales involving 463 units.
Transaction activity in Essex County, N.J.’s multi-family investment market continues to accelerate, as indicated by the recent sale of a $3.77 million asset in Belleville arranged by Gebroe-Hammer Associates. The firm’s market specialist team of Vice Presidents Nicholas Nicolaou and Stephen Tragash exclusively represented the seller and identified the buyer
LIVINGSTON, N.J. - December 11, 2013 - (RealEstateRama) -- Gebroe-Hammer Associates has arranged the sale of twoNorthern New Jersey apartment properties for a combined total of nearly $8 million, reports Ken Uranowitz, president of the firm. The two separate transactions total 49 units in Caldwell and Montclair, and both properties were sold by long-term owners.
CAMDEN, NJ - March 25, 2013 - (RealEstateRama) -- Two alleged conspirators in a $13 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos at the Jersey shore are charged in connection with the scheme, U.S. Attorney Paul J. Fishman announced.