Shaun Smith

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    Although down 20 basis points from March, rents have once again risen $4 in April, with a year-over-year increase of 2.4 percent.

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    The months’ supply of homes increased to 3.7 months in February, from 3.0 months in January. Median prices on condos and co-ops nationwide rose by 5.7 percent over the past year to $227,300 in February.

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  • Capital Realty Spearheads 66-Building NJ Sale

    The company brokered the $130 million sale, which includes 919 units in Bayonne and Union City. This represents the largest multifamily deal in the area in terms of both number of units and total sale price.

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    The area's healthy multifamily market is underpinned by strong population and job growth, a solid development pipeline and an attractive business climate.

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