The Most Comprehensive Source for Commercial Real Estate News in the Region 

Essex County, NJ — Within Essex County, Gebroe-Hammer Associates recently arranged four separate transactions totaling 150 units sold for a combined $18.35 million. The properties, which range from small-to-mid-sized urban low-rises to suburban garden-style complexes, were located throughout the East and West Essex submarkets where the average asking rent is $1,490. “Essex County ranks third overall in the North Jersey metro – behind Hudson and Bergen Counties – in terms o

Livingston, NJ —Gebroe-Hammer Associates has once again distinguished itself as a multi-family industry leader with two brokers named to the sector’s top-25 dealmakers throughout the entire country. Managing director Joseph Brecher and senior vice president Nicholas Nicolaou have been recognized as individuals for their overall transaction achievements recorded between July 1, 2016 and June 30, 2017. Brecher earned the highest national ranking for an individual broker. “We c

North Bergen, NJ — Gebroe-Hammer Associates has finalized the $166 million sale of the Hudson Waterfront’s newest River Road luxury hi-rise, The Duchess in North Bergen, representing the developer, LWH Urban Renewal LLC of Edgewater, and the buyer, Philadelphia-based Post Brothers. Managing director Joseph Brecher spearheaded the Gebroe-Hammer team that included managing director David Oropeza, senior vice president Eli Rosen and senior vice president Nicholas Nicolaou. The t

Plainsboro Twp., NJ — Gebroe-Hammer Associates has surpassed the 4,000+ unit multi-family sales milestone for Middlesex County during the past 24 months, with the $73.3 million sale of Addison at Princeton Meadows in Plainsboro Township. Joseph Brecher, managing director, arranged the sale on behalf of the seller and procured the buyer, KRE Group with Oxford Realty Group, for the 439-unit garden-apartment complex located at 2821 Pheasant Hollow Dr. in the township. This is th

LIVINGSTON, NJ — Central and Northern New Jersey are figuring prominently on the state’s multi-family investment landscape, leading with some of the region’s most noteworthy transactions arranged by Gebroe-Hammer Associates. During the third quarter alone, the Livingston-based investment brokerage firm recorded sales totaling more than $333 million involving 1,270 units spanning Morris, Somerset and Union counties. Each of the six separate transactions involved suburban apart

SPRINGFIELD/MORRISTOWN, NJ — 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. 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 t

LIVINGSTON, NJ — 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. “The multi-family investment trading pace continues to be unprecedented, which is atypical for the first quarter of the year,” said Ken Uranowitz, Gebroe-Ha

UNION, NJ — Gebroe-Hammer Associates has arranged the $17.15 million trade of Village Apartments, located at 1221 Magie Ave., in Union, NJ. Sales representative Gehane Triarsi represented the seller and managing director Joseph Brecher procured the buyer in the sale of the 126-unit apartment community, which had been unsuccessfully marketed by several other brokerage firms during the course of the past two years. “The seller, an experienced, second-generation property owner,

RAHWAY, NJ — The newly revitalized City of Rahway, NJ, continues its multi-family investment renaissance with two recent trades involving a total of 168 luxury and duplex-style apartment-rental units. The brokerage professionals at Gebroe-Hammer Associates represented both sellers and buyers in the sales of River Place at Rahway and Alden Apartments. The team of managing director Joseph Brecher and sales representative Gehane Triarsi represented the owner, while president Ken

BELLEVILLE, NJ — In the Township of Belleville, where asking prices for multi-family properties continue to trend upward, Gebroe-Hammer Associates has arranged three trades totaling $9.2 million/108 units along Washington Ave. in the past 12 months. The brokerage team of managing director Joseph Brecher and senior vice president Nicholas Nicolaou represented the seller and procured the buyer in the most recent transaction, the $4.375 million sale of 43 units at 574-582 Washin