Press Releases
Property, Rentals, Transactions

Central New Jersey Multi-Family Sales Pick up Pace with Four Recent Trades arranged by Gebroe-Hammer Associates
Central New Jersey’s multi-family trading pace is quickening at the mid-year mark, with four transactions involving a total of 106 units in Plainfield recently arranged by Gebroe-Hammer Associates. The properties were located throughout the Union County city
40 & 50 Union Avenue Medical/Professional Office Campus Leasing Assignment Awarded to Hopkins, Sampson & Brown
Novus Equities, LLC, has named Hopkins, Sampson & Brown (HSB) Real Estate Advisory Services, LLC, as the exclusive leasing agent for 40 & 50 Union Avenue Medical/Professional Campus, the company’s flagship office property in Irvington, N.J. The leasing assignment is being spearheaded by Christian Benedetto, HSB director of the Pine Brook, N.J.-based real estate services firm
Gebroe-Hammer Associates Reports Historic Multi-Family Transaction Pace at Mid-Year Mark
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.
Shawn Clayton of Clayton & Clayton Highlighted in Asbury Park Press
After 85 years in business, Clayton & Clayton continues its legacy as a family business. Now owned and run by its fourth generation of Claytons, the company is more successful than ever. Asbury Park Press recently published a piece on Shawn Clayton, where he discusses the history of the business, the real estate market, and gives a peek into his own luxurious home.
MAST Construction manages 4th phase of largest municipal park project in NJ
MAST Construction Services, Inc. an award-winning, Little Falls, NJ-based project and construction management services and owner's representative firm, today announced that it is serving as the construction manager for the fourth phase, a $10.5 million project, of one of New Jersey's most high profile public park projects: Berry Lane Park. Situated at 1 Berry Road in Jersey City, between Garfield Avenue and Woodward Street, the 17.5-acre park is undergoing a conversion which will turn the former brownfield site, previously home to industrial yards, facilities and warehouses, into recreational space for Jersey City residents to enjoy.
Listed & Sold by Clayton & Clayton Realtors $1.8 million Cottage by the Sea
A very special home just sold for $1.8 million, representing the full asking price. The Buyer saw the full value of this property while the Seller (who was also the Designer and Builder) created a Jersey Shore paradise. The "Cottage by the Sea" is a fabulous modernist design on the corner of Newman Avenue in Mantoloking. Its clean lines and modern décor are reminiscent of a Nantucket cottage, complete with flagstone patio and inviting perennial gardens to relax in after a day at the beach
Gebroe-Hammer Associates Arranges Two Separate N.J. Multi-Family Trades Totaling $113.5 Million
Gebroe-Hammer Associates has represented Forest Realty in the estate sale of two separate multi-family properties sold for a combined $113.5 million in Springfield and Morristown, N.J. The firm’s brokerage teams, led by Managing Director Joseph Brecher, also identified the buyers of Short Hills Village Club (Springfield) and Franklin Manor (Morristown). The sale of the properties, which were owned by Forest Realty for over 40 years, represents one of the state’s largest multi-family transactions recorded in 2015 thus far.
Diane Turton, Realtors Announces Company and Office Top Award Winners
Diane Turton, Realtors, founded in 1985, recognized the outstanding performance of its management, agents and staff during a gala celebration at Doolan’s Shore Club in Spring Lake on May 21, 2015. “We look forward to this event each year when we can recognize the best of the best and acknowledge their outstanding achievements”, said Diane Turton, President/Founder of Diane Turton, Realtors.
Beyond Commissions and Closing Costs
Everyone knows that when you sell your home, there are closing costs, realtor commissions, legal fees, etc…but what about the hidden costs?
Calicchio Joins Wyndham Exchange & Rentals as Executive Vice President, Global Human Resources
Wyndham Exchange & Rentals, part of the Wyndham Worldwide family of companies (NYSE: WYN), announced the appointment of Lisa Calicchio, SPHR, to the position of executive vice president, Global Human Resources. Based in the company’s Parsippany N.J. headquarters, Calicchio will lead strategic efforts to enhance the vacation exchange and rental company’s Human Resources (HR) function across the organization
Gebroe-Hammer Associates Arranges $12.17 Million Trade of Grande Apartments in Roselle Park, NJ
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
Homeowners Consumer Center Now Urges Homeowners in New York or New Jersey to Call Them If They Got a Less Than Acceptable Insurance Settlement for Severe Fire or Storm Damage
The Homeowners Consumer Center is urging homeowners in New York or New Jersey to call them anytime at 866-714-6466 if they received a less than adequate settlement from their homeowners insurance company for severe storm or fire damage to their home, with the only proviso the damage and settlement has to have occurred within the last two years.
Gebroe-Hammer Associates Arranges Three Bergen County Trades in Lodi, Englewood and Edgewater, NJ
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.
Newly Renovated DeNeal’s Café & Grill Opens at 40 and 50 Union Avenue Medical/Professional Office Campus in Irvington, N.J.
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 owned and operated by Alesia Williams, a 17-year food service industry veteran.
Multi-Family goes out with a Boom in March with almost $100 Million in Investment Sales Closed by Gebroe-Hammer Associates
Known for coming in like a lion, March went out with a boom with almost $100 million in multi-family transactions arranged by Gebroe-Hammer Associates. The 13 trades involved a total 816 units located within the Northern and Southern New Jersey/Philadelphia corridor, extending from Sussex to Bucks County.
MAST CONSTRUCTION SERVICES CELEBRATES 15TH ANNIVERSARY
MAST Construction Services, Inc. (www.mastconstruction.com), an award-winning, Little Falls, NJ-based project and construction management services and owner's representative firm, today announced a major milestone: the company will celebrate its 15th year in business this June.
Gebroe-Hammer Associates Reps Seller and Buyer in $11.2 Million Trade of Shore Hill Apartments
The investment brokerage firm Gebroe-Hammer Associates recently arranged the $11.2 million sale of 80 units at Shore Hill Apartments in Mount Arlington, N.J., located in western Morris County. The brokerage team of Stephen Tragash, senior vice president, and Joseph Brecher, managing director, exclusively represented the seller, the original developer who owned the property for approximately 40 years, and procured the buyer
Gebroe-Hammer Associates Brokers Two Multi-Family Sales Totaling 60 Units in Plainfield, NJ
-In the Plainfield/Union County, N.J., multi-family market, rent growth and occupancy rates are at their strongest levels in years, according to the brokerage professionals at Gebroe-Hammer Associates, which recently arranged two trades involving a total of 60 units. Gehane Triarsi, area market specialist, reports both buyers plan to render the properties more competitive in a city that had its highest-ever recorded population increase between the 2000 and 2010 census period
Newly Renovated Café Opens at 40 and 50 Union Avenue Medical/Professional Office Campus in Irvington, N.J.
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.
The Pinnacle Companies Announces Joint Venture with The Hampshire Companies to Develop The MC Hotel in Montclair
Today, The Pinnacle Companies announced a joint venture with The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, to develop The MC hotel in Montclair. The Chicago-based Aparium Hotel Group will manage the hotel.