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West Orange apartment complex sells for $40.5M

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By Mario Marroquin , August 18, 2017 at 12:21 PM Crest Ridge Apartments , 200 Mt. Pleasant Ave., West Orange." /> Crest Ridge Apartments , 200 Mt. Pleasant Ave., West Orange. - ( GEBROE- HAMMER ASSOCIATES ) Commercial real estate firm Gebroe - Hammer Associates recently announced it completed the sale of a 178- unit apartment complex in West Orange. The property, Crest Ridge Apartments , was sold from Rockledge Realty LLC to Sela Realty Investments for $40.5 million. Gebroe Executive Vice President Greg Pine and VP Adam Zweibel represented the seller and procured the buyer for the property, located at 200 Mt. Pleasant Ave. “Situated in the Town Center section of West Orange, Crest Ridge Apartments is at the heart of one of the most expensive, in- demand local neighborhoods as well as the transit- filled greater West Essex County submarket ,” Pine said. “In a township where apartment rentals make up only about one-third of the housing stock, Crest ...

Northern NJ Community Trades for $41M

Rockledge Realty LLC, an entity affiliated with Segal & Segal, has sold Crest Ridge Apartments , a 16- building residential community in West Orange, N.J. The property traded for $40.5 million and was acquired by Sela Realty Investments . Located at 200 Mt. Pleasant Ave., the garden- apartment community consists of 178 one-, two- and three-bedroom units with a private entrance. The property was built in 1964 and features a series of amenities: On-site laundry On-site maintenance Swimming pool A clubhouse and sundeck Extra storage space 89 garages Landscaped patio Views of the Manhattan skyline Transit-oriented location Crest Ridge Apartments is located in the vicinity of retailers, restaurants, parks, golf courses, schools and landmarks such as the Edison National Historic Site , Turtleback Zoo and Greenwood Gardens. It also provides easy access to main roads such as Interstate 280, Route 10 and the Garden State Parkway . New York City is a 35-minute drive via the New Jersey Tra...

Selling points: Sela buys NJ resi complex for $40M, Kamber acquires UWS portfolio for $50M

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Gebroe-Hammer Associates Coveted apartment  complex fetches $40M An apartment community in tony West Orange , NJ,  has been sold for $40.5 million. Gebroe- Hammer Associates brokered the sale of the 178- unit Crest Ridge Apartments complex . The team of Greg Pine and Adam Zweibel exclusively represented the original developer , Rockledge Realty, LLC, and procured the buyer, Sela Realty Investments , in the transaction. Located at 200 Mt. Pleasant Ave. at the base of an 80 ft. cliff, the 16-building, historically well- occupied complex posed an extremely rare acquisition opportunity within the Northern New Jersey metro. “Situated in the Town Center section of West Orange, Crest Ridge Apartments is at the heart of one of the most expensive, in- demand local neighborhoods as well as the transit- filled greater West Essex County submarket ,” said Pine. “In a township where apartment rentals make up only about one-third of the housing stock, Crest Ridge Apartments is a gem favored...

Timber Ridge Apartments has all the room you need and more

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  Timber Ridge Apartments offer some of the largest apartment homes in Westlake. All are spacious two-bedroom and two-bathroom designs with up to 1,200 square feet of carefully planned living space . They rival condominiums in size, yet are a nice alternative for those who don’t want to be tied down by homeownership. The buildings and grounds are meticulously maintained and professionally managed to ensure resident satisfaction . Timber Ridge residents enjoy quick access to Interstates 90, 480, and 71. Major shopping centers , including Crocker Park and Great Northern Mall, are nearby. The Cleveland Metroparks and Lake Erie offer many recreational opportunities. Step Inside Residents are impressed with the open feel and exciting room-to-room flow of Timber Ridge suites . The garden- style homes feature all of the expansive living area on one floor. Suite interiors are highly detailed, and there’s abundant closet space , ceramic baths, central air conditioning, decorator blinds...

178-Unit Apartment Community in Northern New Jersey Sells for $40.5 Million

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Crest Ridge Apartments is located at 200 Mt. Pleasant Ave. WEST ORANGE, N.J. — Rockledge Realty has sold Crest Ridge Apartments , a 178-unit garden- style apartment community in West Orange to Sela Realty Investments for $40.5 million. Built in 1964, the property is located at 200 Mt. Pleasant Ave., which offers views of the Manhattan skyline. The property features one-, two- and three-bedroom units with private entrances. Community amenities include a free-form swimming pool, clubhouse and sundeck. Greg Pine and Adam Zweibel of Gebroe- Hammer Associates represented the seller, which was the original developer/owner, and procured the buyer in the transaction. Tagged sales_and_leases

Housing meeting date changed | News, Sports, Jobs

MARQUETTE — The August meeting for the Marquette Housing Commission Board was rescheduled for next week. The meeting, originally set for Tuesday, will now take place at 6 p.m. Tuesday, Aug. 29. The board will meet in the offices at Pine Ridge Apartments , located at 316 Pine St., Marquette. For more information, call the commission at 906-226-7559, or visit www.mqthc.org. EDITOR’S NOTE: Superiorland Yesterdays is prepared by the reference staff at the Peter White Public Library in ... EDITOR’S NOTE: The following information is collected from Marquette City Police Department dispatch log books ... ISHPEMING — Three juveniles between the ages of 10 and 11 were apprehended on Wednesday at approximately 5:30 ... EDITOR’S NOTE: The following information is collected from Marquette City Police Department dispatch log books ... EDITOR’S NOTE: Superiorland Yesterdays is prepared by the reference staff at the P...

Collier County manhunt ends in arrest

NAPLES, Fla.  The subject of two separate manhunts was arrested Friday evening , the Collier County Sheriff ’s Office said. Rudy Perez, 32, of Fort Myers, was arrested at around 7:30 p.m. at the Reserve Apartments on the  1100 block of Reserve Way, deputies said.  The southbound ramp of Interstate 75 at Pine Ridge Road was shut down at around 7:00 p.m. while deputies searched for Perez, but reopened shortly after, deputies said. The search for Perez first started Friday morning in the Golden Gate Estates , deputies said. The circumstances leading up to the arrest are unclear at this time. No further information was immediately available.

Man arrested for stealing prescription drugs from CVS

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COLLIER COUNTY, Fla. - Deputies arrested a man suspected of robbing a Naples pharmacy.  Dylan Wiebke, 24, is accused of taking prescription drugs from the CVS on Pine Ridge and US 41.   This is the second pharmacy robbery in four days in Collier County. Both pharmacy robberies happened in the middle of the day.  The CVS was robbed on Tuesday just before noon. Over the weekend, a Walgreens was also robbed in the middle of the afternoon. Both times, the robber demanded drugs from the pharmacist. Both times witnesses described the man as being more than six feet tall.  Wiebke stands at 6” 7’. Deputies arrested Wiebke at the Meadow Lakes apartments Wednesday .  Wiebke faced drug charges before in Collier County.   Investigators said they are working to see if Wiebke is connected to the Walgreens robbery over the weekend.

Home near Riverbanks Botanical Garden in West Columbia sells for $295,000

Richland County 29016 334 Kingsbury Lane from Mungo Homes, Inc. to Maurice A. Young, Courtney M. Young and Jamel Robinson, Jr. $262,965 712 Pebblebranch Lane from Mungo Homes, Inc. to Vecia P. LeDell $173,584 62 Gilmerton Cour t from Gregory A. Williams and Whitney C. Young to Matthew T. Benton and Stephanie D. Benton $215,000 635 Upper Trail from Mungo Homes, Inc. to Donesha L. Harmon $299,382 612 Calypso Court from Mungo Homes, Inc. to Jason G. Ellis and Marie Ellis $198,093 29036 Lot 2, Grist Hill Subdivision from Vera G. Boone, Dorothy W. Grist Share & Grist Family Fund , Estate of Dorothy Walker Grist , Linda G. Hayes, Jay W. Grist, Jr. and Craig Grist to Jason T. Koon and Robin T. Koon $132,000 105 Pond Edge Lane from Michelle C. Silvey to Barbara Lethew $210,500 174 Lockleigh Lane from Mungo Homes, Inc. to J. Michael Sheehan, Jr. and Susan D. Sheehan $271,373 29045 635 Beaver Park Drive from Raleigh J. Boulware, Sr. and Melva Boulware to J. Frank Martin, Jr. $242,500 13...