Brach Eichler’s CRE industry outlook for 2020 reveals growth

ROSELAND, NJ — The real estate practice at Brach Eichler, a Roseland, NJ based law firm, has announced that it closed just under $2.05 billion in real estate deals in 2019. Real Estate Practice Chair Allen Popowitz said the strong year was a continuation of a positive trend in real estate throughout the mid-Atlantic states.
Among the highlights:
• The strongest sector was multifamily, with 25,000 total units across 80 transactions, representing sales, purchases and refinancing. This included one deal with more than 6,000 apartments with a transaction value over $1 billion.  The predominant property locations for multifamily included NJ, NY, NC, PA, DE, MD, MI, and VA.
• Other significant deals for private investors included:
▪ Over 1,500 apartments in Michigan for one investor (five properties)
▪ The refinancing of 11 properties containing almost 3,000 units in the Capital District of New York


Please reload

Featured Posts

The Azarian Group signs over seven new leases in recent months

March 11, 2020

Please reload

Recent Posts
Please reload

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.