Cervelli Real Estate & Property Management adds three multifamily properties totaling three apartment buildings in Jersey City to its management portfolio.
Cervelli Real Estate & Property Management has been selected by a longtime owner to manage a three-property residential portfolio in Jersey City. The assignment covers apartment buildings located at 413 Summit Ave., 75 Jordan Ave., and 179 Academy St.
In its new role, Cervelli will handle day-to-day operations, including maintenance coordination, tenant relations, financial reporting, and long-term asset planning. The firm intends to focus on operational efficiency and tenant retention to navigate rising operating costs and regional regulatory requirements.
Kawaida Towers, a 10-story affordable housing project, gains momentum in downtown Newark following an $8 million city grant.
Garden Communities launches a lottery for 90 affordable rental units at The Sylvan, a newly completed residential complex in Englewood Cliffs.
ICON Real Estate Advisors brokered the $19.35-million sale of The Pavilion, a 46-unit apartment building in Long Branch, and an adjacent retail property.
Walters earned 10 FAME Awards, including Community of the Year for the 73-unit Cornerstone at Hainesport in Burlington County.
Adoni Property Group sells the 52-unit multifamily property at 8 Tice Rd. in Franklin Lakes, New Jersey, for $29 million.
An investor acquired an eight-unit apartment building at 325 First St. in Carlstadt for $1.325 million in an all-cash 1031 exchange transaction.
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