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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.”

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