Regions Northeast | New Jersey
43-Unit Apartment Complex in Passaic Trades Hands
May 21, 2008

Ownership of a 43-unit apartment complex at 37-47 Westervelt Place in Passaic, N.J., has just changed hands. OSBF L.L.C. sold the property to 37-47 Westervelt Place L.L.C., with both companies relying on The Kislak Co. Inc. to orchestrate the deal. Westervelt Place is a five-story complex located about 16 miles from New York City.


 
Recent New Jersey Headlines
liberty harbor $28M Financing Deal Paves Way for NJ Mixed-Use Waterfront Project
Aug. 07, 2008
Plans to erect an upscale 564,000-square-foot mixed-use project on a 2.7-acre coastal brownfield site in Jersey City, N.J., move forward with the closing of a $27.5 million loan to fund the acquisition and the environmental cleanup of the property. EnviroFinance Group L.L.C. provided the financing for developer Statue of Liberty Harbor North Redevelopment Urban Renewal L.L.C.
HFF Closes $24M Sale of The Carlyle Apartments in New Jersey
Aug. 07, 2008
The New Jersey office of Holliday Fenoglio Fowler L.P. has announced that it participated in the sale of The Carlyle Apartments, a 13-story, 128-unit Class A multi-family building in Hackensack, N.J.
Gill Medina Cushman & Wakefield New Jersey Update Paints Mixed Picture
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Three Cushman & Wakefield reports covering New Jersey office and industrial markets depict a state that’s for the most part mirroring the national commercial real estate scene’s uncertainties, ambiguities and contradictions. In northern New Jersey, overall office vacancy rates are currently 16.2 percent, which is up 0.2 percentage points since the first quarter. Office leasing activity is down 43 percent from the first quarter. The central New Jersey office market is broadly similar. On the industrial side, the bad news is jobs and the good news is high-tech space and the Port Region.
Second Phase of $100M Redevelopment Project in Long Branch, N.J. Opens
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Long Branch, N.J.--In an area that was once considered the epitome of oceanfront blight in New Jersey, a multi-million dollar upscale redevelopment project is now being built.
Arch Insurance Leases 106,815 SF in Jersey City
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Mack-Cali Realty Corp. said today that Arch Insurance Co. has leased 106,815 square feet at Harborside Financial Center Plaza 3 on the Jersey City waterfront.