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To address the renters’ crisis triggered by the Covid pandemic, Congress allocated $45 billion in aid. Six months later, most of that money is still available. Continue reading at CNBC.com: Click Here Press Release Distribution Service

111 South Harrison St. in East Orange — Courtesy: Gebroe-Hammer Associates By Joshua Burd An apartment owner has sold a 10-building, 641-unit portfolio in East Orange for $113 million, in a newly announced transaction by Gebroe-Hammer Associates. According to the brokerage team, the sale by Milrose comprises a series of workforce housing assets on or…

Castle Lanterra Properties, a New York-based national real estate investment firm, announced the acquisition of Broadstone McKinney, a newly developed 255-unit suburban multifamily community located minutes from bustling Historic Downtown McKinney, Texas. The firm, which owns and operates more than 6,600 residential units across the country, purchased the asset from the developer, Alliance Residential. Sources…

There are signs that price growth could be cooling off in the otherwise red-hot housing market. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Spitzer Enterprises has partnered with Arden Group on a planned 26-story, 390-unit apartment tower 425 Summit Ave. in Jersey City, as depicted in this rendering. — Courtesy: Marchetto Higgins Stieve Architects By Joshua Burd A joint venture is eyeing a 2024 delivery for a planned 26-story, 390-unit apartment tower adjacent to the busy Journal Square…

Arcapita Group Holdings (“Arcapita”), the global alternative investment firm, and Arden Group, a US real estate investment firm, have announced a joint venture to acquire multi-tenant industrial properties in urban centers across major markets in the United States. The new venture closed on an initial portfolio of properties valued at over $550 million, with an…

Sahil Mehta, 25, co-owns five investment properties with his brother, worth $9.4 million. Here are his tips for others who want to invest in real estate.  Continue reading at CNBC.com: Click Here Press Release Distribution Service

A rendering of The Boundary, a planned 500,000-square-foot mixed-use project around 50 Harrison St. in Hoboken and 2 Hoboken Ave. in Jersey City — Courtesy: JDA Group LLC By Joshua Burd The developer of a planned mixed-use project on the border of Hoboken and Jersey City has tapped Newmark as its leasing team for more…

Mortgage rates have been on a tear this month, rising yet again last week to the highest level in eight months, according to the Mortgage Bankers Association. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Climate change is causing drastic swings in the level of Lake Michigan, which in turn is putting the city of Chicago at risk. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Troubles in China’s real estate sector have not spilled over to other industries, said Bo Zhuang, senior analyst at investment firm Loomis Sayles. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Middlesex Logistic Center at 65 Baekeland Ave. in Middlesex Borough — Courtesy: Cushman & Wakefield By Joshua Burd Rockefeller Group has sold a newly built, 400,000-square-foot industrial property just north of Piscataway, in a transaction arranged by Cushman & Wakefield. The fully leased building, located at 65 Baekeland Ave. in Middlesex Borough, changed hands less…