Press Releases
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David Oropeza, Executive Managing Director -
Executive Managing Director David Oropeza Named a 2021 Multifamily Influencer by GlobeSt / RE Forum
November 9, 202135-Year Urban Transit Village Specialist Named to Elite Individual Recognition ListLivingston, N.J. – Gebroe-Hammer Associates Executive Managing Director David Oropeza has been named a 2021 Multifamily Influencer by GlobeSt and RE Forum, both of which are nationally respected commercial real estate industry publications. Oropeza, a 35-year multifamily investment brokerage veteran who launched his career with Gebroe-Hammer, was nominated by firm President Ken Uranowitz and ranked among … Continue reading “Executive Managing Director David Oropeza Named a 2021 Multifamily Influencer by GlobeSt / RE Forum”
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111 S. Harrison St., East Orange, NJ -
Gebroe-Hammer Associates Inks $113M Sale of Prime South Harrison/East Orange Multifamily Portfolio
November 1, 2021641-Unit Acquisition Marks Spaxel’s Largest in NJ to DateEast Orange, N.J. – Gebroe-Hammer Associates has arranged the $113M sale of a 641-unit workforce-housing portfolio in the city of East Orange, N.J. Executive Managing Director Joseph Brecher engineered the transaction along with Executive Managing Director David Oropeza on behalf of Milrose, the seller, and Spaxel, the buyer. The City Center-South Harrison Portfolio acquisition marked the … Continue reading “Gebroe-Hammer Associates Inks $113M Sale of Prime South Harrison/East Orange Multifamily Portfolio”
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284 Prospect St., East Orange, NJ -
Gebroe-Hammer’s David Oropeza Arranges $11.75M Trade of Two-Property/88-Unit East Orange Multifamily Portfolio
October 5, 2021Properties Offer New Ownership Repositioning PotentialEast Orange, N.J., – In East Orange – one of the most-active urban corridors in terms of revitalization initiatives and multifamily investment – Gebroe-Hammer Associates’ Executive Managing Director David Oropeza along with Senior Vice President Debbie Pomerantz recently arranged the $11.75M sale of a City Center apartment-property package totaling 88 units. The assets included 255 Prospect … Continue reading “Gebroe-Hammer’s David Oropeza Arranges $11.75M Trade of Two-Property/88-Unit East Orange Multifamily Portfolio”
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480 Flatz, East Rutherford, NJ -
Newly Constructed 480 Flatz Apartments in Bergen County, NJ Sells for $11.6M in Transaction Orchestrated by Gebroe-Hammer Associates
September 28, 202135-Unit Signature Class A Property 100% Fully Leased in 90 DaysEast Rutherford, N.J. – Gebroe-Hammer Associates has arranged the $11.6M sale of a 35-unit, signature Class A apartment-home property located at 480 Paterson Ave., in East Rutherford, N.J. Built in 2021 and fully leased within 90 days, 480 Flatz is located at the Paterson Avenue/Hoboken Avenue Business District crossroads in the municipality’s popular Borough Center neighborhood. … Continue reading “Newly Constructed 480 Flatz Apartments in Bergen County, NJ Sells for $11.6M in Transaction Orchestrated by Gebroe-Hammer Associates”
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150 & 154 Belmont Ave., Jersey City NJ -
Gebroe-Hammer Associates Arranges $21.45M Jersey City Multifamily Portfolio Sale
September 9, 2021Extremely Well-Located Apartment Buildings Span West Side, McGinley Square and Bergen-Lafayette SectionsJersey City, N.J., September 9, 2021 – In New Jersey’s second largest municipality of Jersey City, Gebroe-Hammer Associates has arranged the $21.45M sale of a 134-unit multifamily portfolio spanning three of the city’s 13 constituent neighborhoods. In the transaction, the firm exclusively represented the seller, Coltown Properties, and procured the buyer, West of Hudson Properties. … Continue reading “Gebroe-Hammer Associates Arranges $21.45M Jersey City Multifamily Portfolio Sale”
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The Residences at North Village in Sparta, sold for $14.65M during Q2, is one of 54 deals arranged by Gebroe-Hammer Associates in 2021 thus far. -
Gebroe-Hammer Associates Marks Midyear with $917+M in Multifamily Sales
July 28, 202154 Deals involve 6,052 Units across New Jersey/Greater Philadelphia RegionLivingston, N.J., July 28, 2021 – Multifamily revenue-stream clarity and reinforced pricing have fed a reported $917+M in apartment-property transactions for Gebroe-Hammer Associates as of midyear – doubling sales over the same period last year. In total, the nationally ranked multifamily-focused investment brokerage firm has arranged 54 deals involving 6,052 units during the first two … Continue reading “Gebroe-Hammer Associates Marks Midyear with $917+M in Multifamily Sales”
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South Harrison-Clinton Portfolio, East Orange, NJ -
Gebroe-Hammer Associates Markets 129-Unit/3 Property East Orange Multifamily Portfolio
June 23, 2021Buildings Span Brick Church Transit-Village NeighborhoodEast Orange, N.J. – Gebroe-Hammer Associates has been appointed as the exclusive broker to market the South Harrison-Clinton Portfolio, a 129-unit, three-building collection of apartment properties within the heart of East Orange, N.J. Executive Managing Director David Oropeza, a 35-year East Orange market specialist, is spearheading the assignment on behalf of Rockledge. Comprised of extremely well-maintained, … Continue reading “Gebroe-Hammer Associates Markets 129-Unit/3 Property East Orange Multifamily Portfolio”
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17 Webster Pl., East Orange, NJ -
Gebroe-Hammer’s David Oropeza arranges $14.95M East Orange Portfolio Sale
June 9, 202135-year industry leader spearheads $111+M in East Essex Corridor trades since start of 2021East Orange, N.J. – In East Orange, where transportation and connectivity are at the crux of the city’s urban revival, a 113-unit, three-property multifamily portfolio has traded for $14.95M in a sale orchestrated by Gebroe-Hammer Associates. Executive Managing Director David Oropeza exclusively represented the seller, Nova EO Portfolio I LLC and The Capital Foresight LP, … Continue reading “Gebroe-Hammer’s David Oropeza arranges $14.95M East Orange Portfolio Sale”
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Northern New Jersey Garden-Apartment Complex recently sold by Gebroe-Hammer Associates -
Gebroe-Hammer Associates Finalizes $269+M in NJ Multifamily Investment Sales over Two Months
May 24, 202121 Deals/1,598 Units Span Northern, Central and Southern New Jersey MetrosLivingston, N.J. – Overall multifamily-investment trading velocity is surging throughout the entire state of New Jersey, where Gebroe-Hammer Associates has finalized 21 deals involving 1,598 units during the latest two-month time period. In total, the $269+M in sales spanned 11 New Jersey counties, from Sussex to Burlington counties. “This phenomenon is powered by restored confidence among … Continue reading “Gebroe-Hammer Associates Finalizes $269+M in NJ Multifamily Investment Sales over Two Months”
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The Residences at North Village, Sparta, NJ -
Gebroe-Hammer Associates Arranges Class A $14.65M Sale of The Residences at North Village in Sussex County, NJ
April 27, 2021Newly Constructed Multifamily Property rounds out Mixed-Use Town CenterSparta, N.J. – At a time when the population shift from surrounding urban areas is feeding a full-time tenant boom in Sussex County, N.J., 60 Class A multifamily units at The Residences at North Village in Sparta have been sold for $14.65M in a transaction orchestrated by Gebroe-Hammer Associates. Executive Vice President Stephen Tragash exclusively represented … Continue reading “Gebroe-Hammer Associates Arranges Class A $14.65M Sale of The Residences at North Village in Sussex County, NJ”