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Jumbo New Jersey portfolio nets $328M
07
A New Jersey owner has unloaded a portfolio of over 2,000 apartments across the Garden State for $327.9 million. Gebroe-Hammer Associates brokered the
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Post Brothers buys Duchess for $166M
05
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.
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SELLING POINTS: JLL seeks offers for huge Williamsburg development site
05
● CBRE Birch Group buys historic Jersey property for $87M CBRE announced the sale of American Metro Center (AMC) in Hamilton, New Jersey for $84,700,000.
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SELLING POINTS: SL Green pays $90M for Kenneth Cole office building
05
● SAVILLS SL Green pays $90M for Kenneth Cole office building SL Green Realty Corp. has agreed to pay $90 million, or $562.50/sf, for the 160,000-s/f office
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ON THE SCENE: Bestreich Realty Group announcessale of 341 Lenox Road
05
SALES RIPCO Real Estate (RIPCO) announced the following Westchester sales: • 20 East Main Street, a 5,293 s/f auto-repair and body shop, was sold
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Selling Points: Prime Rok double dips on uptown assets, Kenyan Mission buys UN office condo
05
Prime Rok Real Estate Prime Rok double dips on uptown assets Afshin Hedvat’s Prime Rok Real Estate closed on two deals in the same day last week.
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Selling points: NJ apartment portfolios sell for $29M, Time buys $26M multifamily asset
05
Gebroe-Hammer Associates Two NJ apartment portfolios sell for $29M Gebroe-Hammer Associates’ Managing Director David Oropeza has spearheaded two separate
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Newark apartment complex sells for $50M
05
The $50 million sale of 452 multi-family units at Forest Hill Terrace Apartments, a critical-mass garden-apartment community in Newark, N.
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Selling points: Thor closes on $75M Harlem buy, Extell sells Flatiron garage
07
Thor Equities Thor closes on $75M Harlem buy Thor Equities has closed on its $75.5 million acquisition of 135 East 125th Street and 126 East 126th Street in Harlem.
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Endless demand keeping New Jersey multifamily investment brokers busy
04
Urban multi-family investment and a seemingly endless tenant pipeline remain a powerful catalyst for emerging apartment-rental submarkets throughout Essex
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ON THE SCENE
04
AGENTS Cushman & Wakefield has been retained on an exclusive basis to arrange for the disposition of 37-10 114th Street, a Holiday Inn Hotel in
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Selling points: Uptown portfolio hits the market, Arts Tower condo offering
05
Cushman & Wakefield Uptown portfolio hits market Cushman & Wakefield is marketing a set of Upper West Side townhouses with a $51 million price tag.