Two companies have teamed up to purchase a sizable chunk of affordable units throughout four buildings that will see some upgrades in the coming years.
An environmental cleanup has begun at the Crescent Park site in Jersey City where over 2,000 units are planned.
A court ruling allows Hudson Regional Hospital to acquire the property that hosts the medical center and the company is also hoping to strike a deal to purchase the operation rights at the building.
Livingston-based Tuli Realty has purchased almost 500 apartments throughout NJ including the Golden Peak Portfolio from Dixon Advisory for $65 million.
A Clifton-based company purchased the parcel last year but has allegedly not performed a required an environmental cleanup at the land, which has contaminated groundwater and soil according to state officials.
The daytime talk show host had initially listed the 8,200-square foot home last year and just finalized the property’s $1.475 million sale earlier this month.
Extell Development has sold their ownership stake in the luxury development that the companies jointly built on previously vacant beachfront property.
Clifton-based Titanium Capital Partners recently purchased an 85-unit portfolio that consists of multi-family buildings in Ridgefield Park, Leonia, and Cliffside Park.
The company finalized a $23.75 million deal to transfer the 58-unit mixed-use property to a New York-based holding company, but has retained the rights for the undeveloped second phase slated for a lot across the street.
The Coe Mansion, which was the subject of an adaptive reuse development proposal last year, now has a new owner.