X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LIVINGSTON, NJ-Multifamily trading throughout Northern New Jersey was robust in the first half of this year, indicating this segment of the commercial real estate industry has rebounded as investors and owners step off the sidelines, finds locally based Gebroe-Hammer Associates. Case in point: the firm racked up more than 33 transactions for more than $120 million and a total of 1,889 units.

“Multifamily investing has gained even greater velocity in the past six months because investors, who circled the wagons at the height of the recession, finally realized that the expected bloodbath and price plunge never materialized,” Ken Uranowitz, Gebroe Hammer’s managing director, tells GlobeSt.om. “Investors want to take advantage of low interest rates and don’t want to miscalculate the next uptick in the economic cycle.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.