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Real Estate
$296M Secured For 1,880-Unit NJ Apartment Portfolio Spanning 5 Counties $296M Secured For 1,880-Unit NJ Apartment Portfolio Spanning 5 Counties
$296M Secured For 1,880-Unit NJ Apartment Portfolio Spanning 5 Counties A 1,880-unit apartment portfolio across five New Jersey counties has secured $296 million in financing, officials announced Thursday, Feb. 12. JLL Capital Markets announced it arranged the funding for the 13-property multi-housing portfolio through Freddie Mac. The garden-style portfolio includes 1,880 market-rate units across 13 properties located in Middlesex, Somerset, Union, Monmouth and Morris counties. The properties were built between 1959 and 1999 and are primarily legacy-owned assets. The announcement states the garden-style format “offers residents a suburban living experien…

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by Cecilia Levine
Real Estate
$11.5M Deal To Transform Vacant Route 46 Building Into Grocery-Anchored Retail Hub $11.5M Deal To Transform Vacant Route 46 Building Into Grocery-Anchored Retail Hub
$11.5M Deal To Transform Vacant Route 46 Building Into Grocery-Anchored Retail Hub A long-vacant commercial building along Route 46 in Clifton is set to be transformed into a grocery-anchored retail center following an $11.5 million financing deal, according to JLL Capital Markets. JLL Capital Markets announced it arranged $11.5 million in acquisition financing for 1030-1050 Route 46 in Clifton, a 48,535-square-foot retail center located at the intersection of Route 46 and Route 3, the firm said. JLL secured a three-year, floating-rate loan through Fidelity Investments on behalf of the borrower. The property occupies a 4.3-acre site within one of New Jersey’s most heavil…

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by Cecilia Levine
Real Estate
Existing-Home Sales Plummet 8.4% In January As Prices Keep Climbing: 'Americans Are Stuck' Existing-Home Sales Plummet 8.4% In January As Prices Keep Climbing: 'Americans Are Stuck'
Existing-Home Sales Plummet 8.4% In January As Prices Keep Climbing: 'Americans Are Stuck' Existing-home sales plunged across the US in January in the latest sign of strain on the nation's real estate market, according to new data. Sales dropped 8.4% from December 2025 to a seasonally adjusted annual rate of 3.91 million in January, the National Association of REALTORS said in a report released on Thursday, Feb. 12. That's also 4.4% lower than January 2025 and the slowest pace since December 2023. The sinking sales coincide with the national median existing-home price reaching a record January high of $396,800. The median was up 0.9% from January 2025, marking the 31st …

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by Chris Spiker
Real Estate
Property Taxes Climb Across Bergen County: See Your Town’s 2025 vs. 2024 Average Property Taxes Climb Across Bergen County: See Your Town’s 2025 vs. 2024 Average
Property Taxes Climb Across Bergen County: See Your Town’s 2025 vs. 2024 Average Property taxes went up in most Bergen County towns in 2025, according to newly released figures from New Jersey's Department of Community Affairs. The data reflects the average total residential property taxes paid in each municipality, not including credits or deductions. Several towns saw increases of more than $1,000 year over year. Demarest rose from $24,736 in 2024 to $26,108 in 2025. Tenafly climbed from $23,833 to $25,123. Alpine increased from $22,581 to $23,291. Even in mid-range towns, homeowners are paying hundreds more than they did last year. In Fair Lawn, the average ros…

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by Cecilia Levine
Real Estate
Netflix Real Estate Mogul Ryan Serhant Opens Bergen County Office Netflix Real Estate Mogul Ryan Serhant Opens Bergen County Office
Netflix Real Estate Mogul Ryan Serhant Opens Bergen County Office The real estate agency founded by Ryan Serhant, star of Netflix’s "Owning Manhattan," has opened a new Bergen County office in Saddle River. The newest location is at 82 E. Allendale Road, Unit 5B, according to Michael Todaro, the branch manager and managing broker for the office. Courtesy of Michael Todaro Netflix Todaro said the Saddle River location is part of Serhant’s broader push to expand into New Jersey, adding to the firm’s growing footprint outside New York City. The company already has a Rockleigh office operated by the Adamo Group.  The New Jersey operations are o…

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by Cecilia Levine
Real Estate
Jets Star Built Dream Home With Bergen Builder — Then Sold It Months Later For $3M After Trade Jets Star Built Dream Home With Bergen Builder — Then Sold It Months Later For $3M After Trade
Jets Star Built Dream Home With Bergen Builder — Then Sold It Months Later For $3M After Trade Sauce Gardner got to enjoy his North Jersey dream home for about six months — then it was time to move on. The 25-year-old New York Jets cornerback sold his custom-built, Hamptons-style home at 2 Patrick Ct. in Montville for $3 million last month, after being traded to the Indianapolis Colts in November 2025. Kevin Marquez of The Abbattista and Marquez Team at Keller Williams Prosperity confirmed the off-market sale to Daily Voice. View this post on Instagram Still, Gardner isn’t exactly hurting. He became the highest-paid cornerback in N…

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by Cecilia Levine
Real Estate
Dr. Seuss’s SoCal Estate Hits Market For $10M With Breathtaking Views, Easter Eggs Dr. Seuss’s SoCal Estate Hits Market For $10M With Breathtaking Views, Easter Eggs
Dr. Seuss’s SoCal Estate Hits Market For $10M With Breathtaking Views, Easter Eggs The California estate of Dr. Seuss has hit the market for $9.95 million. Dr. Seuss, Theodor Geisel, as he was known growing up in Springfield, Massachusetts, bought what would become the 5,000-square-foot, four-bedroom, four-bathroom hilltop estate in La Jolla, California, in 1948 with his first wife, Helen, according to the New York Post. She died in 1967. Redfin The estate was designed in 1950 by master architect Thomas Shepherd, craftedfrom a pre-existing Spanish Revival observation tower dating back to 1923-24, the Post reported. That gave the estate sweeping views of the surrounding …

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by Josh Lanier
Real Estate
Pending Home Sales Plummet In Largest Drop Since COVID-19 Pandemic Began Pending Home Sales Plummet In Largest Drop Since COVID-19 Pandemic Began
Pending Home Sales Plummet In Largest Drop Since Covid-19 Pandemic Began Pending home sales in the US took their largest monthly fall since the start of the COVID-19 pandemic, signaling new signs of housing market turmoil heading into the new year. Contract signings for existing homes dropped 9.3% in December 2025, according to a National Association of REALTORS report released on Wednesday, Jan. 21. That's the steepest month-over-month decline since April 2020. NAR data also showed that pending sales were down 3.0% compared to December 2024. "The housing sector is not out of the woods yet," said NAR chief economist Lawrence Yun. "After several months…

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by Chris Spiker
Real Estate
275 Apartments, Dog Park, Courtyards Proposed For Office Site In Wayne 275 Apartments, Dog Park, Courtyards Proposed For Office Site In Wayne
275 Apartments, Dog Park, Courtyards Proposed For Office Site In Wayne The Wayne Township Planning Board is expected to hear the application for a 275-unit apartment complex proposed for the site of an existing office park along Valley Road, according to township planning documents. The agenda from the Planning Board's Monday, Jan. 12 meeting lists an application seeking preliminary and final site plan approval and bulk variances from AvalonBay to demolish the existing office building and associated parking areas at 1655 Valley Road and construct a multi-family residential development. The proposal calls for four residential buildings, 275 total dwelling units…

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by Cecilia Levine
Real Estate
How This Realtor’s Fresh Strategy Helped Stalled NJ Home Sell Over Asking For $2.4M How This Realtor’s Fresh Strategy Helped Stalled NJ Home Sell Over Asking For $2.4M
How This Realtor’s Fresh Strategy Helped Stalled NJ Home Sell Over Asking For $2.4M A historic New Jersey estate that had been struggling to sell closed for $2.4 million after being reintroduced to the market by boutique firm Dwell New Jersey. The home at 517 Clark St. was first listed with another brokerage in 2024 at $2.499 million, later reduced to $2.450 million, and remained on the market for 104 days without securing a buyer. Ken Cavanaugh After the listing expired, the sellers turned to Dwell New Jersey owner Steph Mahon, who relaunched the property with a revised pricing and marketing strategy aimed at resetting buyer interest. The property dates back to 1900 an…

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by Cecilia Levine
Real Estate
Alec, Hilaria Baldwin Cut $1M Off Historic New York Estate — Peek Inside Alec, Hilaria Baldwin Cut $1M Off Historic New York Estate — Peek Inside
Alec, Hilaria Baldwin Cut $1M Off Historic New York Estate — Peek Inside Alec and Hilaria Baldwin have knocked more than $1 million off the asking price of their centuries-old Hamptons estate, trimming the listing just weeks after putting the property back on the market. The Baldwins’ sprawling modern farmhouse in Amagansett—dating back to the 1740s—was relisted in December with an asking price north of $20 million. Now, the home is back on the market for $19.99 million, according to Realtor.com. The price cut marks the property’s fourth time on the market in nearly as many years. It also represents a sharp drop from the $29 million price tag the estate carried…

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by Michael Mashburn
Real Estate
$48M Refinancing Secured For Chelsea Senior Living Community In Bergen County $48M Refinancing Secured For Chelsea Senior Living Community In Bergen County
$48M Refinancing Secured For Chelsea Senior Living Community In Bergen County A $48 million refinancing has been arranged for two Class A senior housing communities located in Bergen County, NJ, and Rockland County, NY, the real estate firm said. The deal includes The Chelsea at Washington Township, located at 620 Pascack Road in Washington Township, and The Chelsea at New City, located at 269 North Main Street in New City, JLL Capital Markets said. JLL’s Seniors Housing Debt Advisory team worked on behalf of the borrower, Bain Capital Real Estate and Capitol Seniors Housing, to place a three-year, floating-rate loan with a large regional bank, according to the relea…

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by Cecilia Levine