It’s Not Just Single-Family Demand Surging, COVID-Flight Drove Record Interest to These N.J. Communities
Most headlines about the COVID migration have focused on city-dwellers ditching apartments for single-family homes. However, there’s also been a surge in activity at lower-density, commuter-friendly communities.
36-Unit Multifamily Property in Union County Changes Hands for $6.6 Million
The New Jersey complex features 32 one-bedroom and 4 two-bedroom units with landscaped grounds and resident amenities.
Union City Rental Complex Trades for $31M
New York-based investment firm Maya Capital Partners, Harbor Group International, and a private family office recently acquired an 80-unit development in Union City.
Newark Accepting Public Comment Regarding Plan to Spend $3.5M of CARES Act Funds
The City of Newark could spend more than $3.5 million of funding that it has received through the CARES Act on rental assistance, microenterprise assistance, and "special economic development activities."
Phase Two of Morris County Development The Point at Gateways Celebrates Lease Up
Phase Two’s swift leasing underscores strong demand for luxury housing in Morris County, according to the development team.
Live Like a High Roller at Showboat Atlantic City’s Extended Stay Apartments
Developer Bart Blatstein recently opened extended stay apartments at the Showboat Atlantic City hotel along the Atlantic City waterfront.
Study Finds Jersey City has Nation’s Fifth Highest Rents
Data sourced from apartment listings show that rents in New Jersey’s second-largest city rank just below those in major metropolises like New York and Los Angeles.
$62 Million Financing Secured for Multifamily Portfolio Featuring Four New Jersey Properties
A $62 million financing deal has been secured for a multifamily portfolio that includes four garden-style apartment communities in Northern New Jersey.
Skye Lofts Apartment Building Opens Beside Bayonne Light Rail Station
Skye Lofts South is a six-story rental building that’s been rising beside the 22nd Street Light Rail station in Bayonne.
Glen Ridge Luxury Rental Community Achieves Lease Up Milestone
Clarus Glen Ridge, a luxury rental community, has achieved a 100% lease up milestone in less than six months.
