OneWall Partners acquires 16 apartment buildings for $63 million
October 13, 2017 by Joshua Burd A real estate investment firm has paid $63 million to acquire 16 apartment buildings in Essex and Hudson counties, adding more than 500 units to its northern New Jersey portfolio. The Newark-based firm, One Wall Partners, on Thursday announced the off-market acquisition from Shapco Property Management. The portfolio includes […]
RBH Group, city officials unveil transformative Teachers Village project in Newark
By Joshua Burd, October 11, 2017 The sight of Newark Mayor Ras Baraka celebrating a development project in his city has become all too familiar in recent months. But it was clear Tuesday that the latest milestone, the opening of the heralded Teachers Village project in the downtown, was especially significant. After all, the project […]
The Untapped Value of Workforce Housing
By Soren Godbersen, October 5, 2017 America’s cities and suburbs are in the midst of a gradually worsening workforce housing crisis. Urban and suburban populations continue to rise, while wages have essentially stagnated for moderate and middle-income households over the past two decades. With homeownership rates dropping to the lowest figures since the 1960s and […]
Workforce housing catches eye of managers, investors
By Arleen Jacobus, October 2, 2017 Real estate managers are ramping up investments in workforce and affordable housing, focusing on properties outside the popular and pricey urban core. There is expected demand for an additional 4.5 million new apartments in the U.S. by 2030, according to data from the Workforce Housing Committee of the National […]
Business, community leaders break ground on long-awaited Mulberry Commons project in Newark
By Joshua Burd, October 2, 2017 Only about three weeks after the death of Jerry Gottesman, a crowd of Newark stakeholders gathered outside the Prudential Center to mark the start of a project long championed by the iconic property owner. As one might expect, the late Edison Properties co-founder was top of mind for many […]
RealShare New Jersey: Unlocking Value In Multifamily Properties
By Steve Lubetkin, September 27, 2017 Multifamily continues to be the hottest sector of commercial real estate, say panelists at this year’s RealShare New Jersey conference, held last week in Florham Park, NJ. “Construction continues to boom, 5700 rental units were added last year, this year it’s projected to hit 9500,” says Mitchell S. Berkey, co-chair of the […]
Newark Investor Aims for Alternative to Conventional Affordable Housing
By Joe Gose, August/September 2017 A Northern New Jersey investor is taking a different approach to the affordable housing niche, one that doesn’t hinge on subsidies or tax credits and the income restrictions and complexities that accompany them. Rather, the company, Newark-based One Wall Partners, is focused on what it calls “naturally occurring affordable housing.” […]
Lotus names four architecture firms for Newark stadium redevelopment
By Joshua Burd, August 1, 2017 The firm seeking to redevelop the Newark Bears baseball stadium has lined up a team of architects for the ambitious project, which could create up to 2,000 residential units, 400,000 square feet of office space and a mix of retail, cultural and public spaces. Lotus Equity Group announced Monday […]
Transit Lines Become The Next Frontier for Workforce Housing Development
By Travis Gonzalez, June 13, 2017 Following New York City Mayor Bill de Blasio’s pledge to bring 80,000 new low-cost units to the city, affordable housing development has become a popular topic. But within the spectrum of development, which runs the gamut from low-income apartments to luxury penthouses, units reserved for workforce housing, households making from 60% to 120% […]
OneWall Partners Exceeds 1,150 Units Acquired in Northern New Jersey
NEWARK, N.J., May 31, 2017 /PRNewswire/ — One Wall Partners (OWP), the real estate investment and management firm based in Newark, N.J., recently surpassed 1,150-units of transit-oriented housing in Northern New Jersey when it acquired 75 Prospect in East Orange, NJ. This transaction combined with other recent acquisitions, puts OWP ahead of its 2017 growth goals. […]
