Among the most sought-out asset classes of investments are multi-family rental properties. Two of the most active lenders for this asset class were government-sponsored enterprises Fannie Mae and Freddie Mac, both of whom increased their multi-family lending in 2011 to $44.7 billion, marking double-digit increases. Read More
The real estate developer and investor Daniel Brodsky is in negotiations to buy the Desmond Tutu Center, a conference and hotel facility owned by the General Theological Seminary in Chelsea. Read More
The demand for office space is New Jersey is considered “tepid” in a report by Cassidy Turley.
The Northern New Jersey office market ended the third quarter with a vacancy rate of 14.5 percent, a slight increase from the end of the second quarter. Office-market activity slowed in the third quarter, resulting in 339,408 square feet of negative absorption. Class B office space continues to account for the majority of negative absorption in the market, representing 92 percent of this quarter’s negative demand. Read More