Archives

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.

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.

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, 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.

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

-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

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 Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced sale of its 112,270-square-foot industrial warehouse building located at 490 Huyler Street in South Hackensack, N.J. to Park Avenue Motor Corporation. The company has leased the building since 2012 and the tenant chose to exercise its purchase option

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.

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

WASHINGTON, D.C. - August 19, 2014 - (RealEstateRama) -- NJAA members earn Continuing Education Credits (CECs) towards National Apartment Association Designations (NAA) at each session they attend. Programs will be held at NJAA, 104 Interchange Plaza, Suite 201, Monroe Township, N.J. unless otherwise noted. For details and event registrationMONROE TOWNSHIP, N.J., August 18, 2014 – The New Jersey Apartment Association (NJAA) will host two educational programs in September designed to help industry professionals gain knowledge and elevate their skills. NJAA offers a diverse selection of comprehensive education and certification courses throughout the year for members and non-members as part of its commitment to advancing the multi-family housing industry in New Jersey

MOUNTAINSIDE, N.J. - March 21, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has arranged the sale of 1450 Route 22 West, in Mountainside, N.J., a 41,531-square-foot medical office building (MOB) for $8.45 million ($203 per square foot).

WASHINGTON, D.C. - November 25, 2013 - (RealEstateRama) -- The Builder’s Choice Custom Home Design Awards is a national awards competition that honors housing projects for their excellence in design and construction; it’s judged by leading professionals from the architecture and building industries. The award was given to Burgermaster at the “Designing for Resilience” 2013 Reinvention Symposium, and the house is also featured in the October issue of Builder, the magazine of the National Association of Home Builders.

WASHINGTON, D.C. - November 15, 2013 - (RealEstateRama) -- Speaking to an audience of civil engineers, architects, concrete specialists, and other height enthusiasts at a recent lecture on campus, Lawrence Novak, the lead structural engineer for the Burj Khalifa in Dubai, related the complex strategy that allowed him to shatter records in constructing the world’s tallest freestanding structure

ELMWOOD PARK, N.J. - November 13, 2013 - (RealEstateRama) -- Lee & Associates New Jersey is pleased to announce Doug Gaffney has joined the firm as senior vice president.

HASBROUCK HEIGHTS, N.J., - October 24, 2013 - (RealEstateRama) -- Demonstrating its continued expertise in Bergen County’s multi-family marketplace, Gebroe-Hammer Associates recently arranged the $2.5 million sale of Grandview Apartments, a 20-unit garden-style community in Hasbrouck Heights. The Gebroe-Hammer brokerage team, including President Ken Uranowitz, Senior Vice President Greg Pine and Assistant Vice President Debbie Pomerantz, exclusively represented the seller and identified the buyer.

WASHINGTON, D.C. - September 30, 2013 - (RealEstateRama) -- Estatesales associate Michael Tarantul announces today that the last four home lots are available for purchase at the Jackson, NJ communities of Oakley Hill and Holly Tree Estates. Custom home builder Greg Monesson has set pricing beginning at $374,900 for the Adelphia model in Oakley Hill and $399,900 for the Amherst model at Holly Tree Estates while two homes are left in each community.

Carteret, N.J. - September 25, 2013 - (RealEstateRama) -- The Hampshire Companies, a full service, private real estate investment firm with equity in assets valued at more than $2.5 billion, has announced the acquisition of 700 Blair Road in Carteret, N.J., a 234,325 -square-foot single-tenant, light industrial building that is fully-leased to Berjé, Inc. as its corporate headquarters. The property was acquired from GP 700 Blair Road, LLC, and the transaction was brokered on behalf of the seller by HFF of Florham Park, N.J

WASHINGTON, D.C. - September 23, 2013 - (RealEstateRama) -- Gloria Nilson & Co. Real Estate, one of the preeminent real estate brokerages in New Jersey, announces the hiring of Leonard DiPaolo as the Middletown officebranch manager. DiPaolo brings more than 25 years of real estate management to his new role.