By: Barbara Ballinger
The recent and rapid evolution and adoption of technology in the rental housing industry has created a stunning metamorphosis, bringing great benefit to owners, operators and residents alike.
After lagging other industries in its embrace of technology, the rental housing industry is rapidly catching up. Results are transformative as owners, managers and residents benefit from improved efficiencies, smoother operations, a competitive edge, better environmental stewardship and enhanced net operating income (NOI).
Some initiatives have been underway for years, certainly those that transitioned paper-based processes like rent collection, utility billing management and work orders, with firms now able to support the entire resident experience, creating value for clients through resident satisfaction and retention.Read More
By: Bendix Anderson
The $1.2 trillion Infrastructure Investment and Jobs Act offers opportunity for existing communities and new apartment development near mass transit.
Workers swarm over a construction site in Harrison, N.J., about a block away from a refurbished light rail station. They started construction in November 2021 on “Block D,” a new, five-story building that will eventually hold 399 luxury apartments.Read More
By: Mid Atlantic Real Estate Journal Editorial Team
The BEST REDEVELOPMENT-ADAPTIVE REUSE PROJECT of 2021. CHAPartners, a full-service real estate development firm, acquired the former Muhlenberg
Regional Medical Center and repurposed the facility into a mixed-use project consisting of a
community-based healthcare facility known as the Muhlenberg Medical Arts Complex and
a 120-unit luxury residential apartment project known as The Randolph Apartments. The
Muhlenberg Medical Arts Complex features an ambulatory surgical center, assisted living
facility and others while The Randolph is a highly amenitized rental project and was fully
leased in less than six months. This creative repurposing breathed new life into the shuttered
hospital that was dormant for 10 years before CHA’s involvement.Read More
Rethinking facilities: Colgan’s CHA Partners converts shuttered hospitals into new uses — often saving jobs in the processPosted OnFebruary 23, 2022 by
By: Joe Coletta | TAPinto Bloomfield
Over the last several years, Bloomfield has quickly become a residential destination that is attracting renters who are seeking accessibility, convenience and a thriving local vibe. Ripe with a bustling downtown, local favorites include Holsten’s — a homemade ice cream shop that just celebrated its 75th anniversary — and Anthony’s Cheesecake & Restaurant, Six Points Pub, and Bloomfield Steak & Seafood House — along with a wide array of restaurants and shops that are sure to catch anyone’s attention. And with a Midtown Direct train line located in downtown Bloomfield, the township is a commuter’s dream.Read More
By: Erik Sherman | GlobeSt.
Commercial real estate has been in a whirlwind. Industrial properties are incredibly hot—and expensive with subterranean cap rates. Multifamily is nearly as in demand, but many keep wondering if the end of federal Covid unemployment assistance combined with significant unemployment and the Delta variant could pull a rug out from under the sector. You could look at the office and wonder when companies will be fully back; retail and remember e-commerce continues to grow; self-storage and ask when demand could max out; or you could look for a different investment prescriptionRead More
By: Timea-Erika Papp | Multi-Housing News
CHA Partners, a real estate development company in the tri-state area that specializes in creative public-private partnerships, has a particular focus on projects that seek to leave a lasting positive impact. Wherever they do business, they aim to help municipalities generate employment opportunities and unlock property value. William T. Colgan, partner at CHA Partners, has raised and procured more than $250 million of capital for the company. Multi-Housing News asked Colgan to reveal the intricacies of public-private partnerships.
By: Joe Coletta | TapInto Bloomfield
Bloomfield, N.J. – CHA Partners, a full-service real estate development firm specializing in public-private partnerships, announced today that it broke ground on The Royal at Bloomfield Station, a new, 372,000 square foot ground-up, mixed-use redevelopment project. The Royal is a key component of the Bloomfield Center Master Redevelopment Plan, a multi-phase plan to transform Bloomfield’s downtown core into a booming town center. This new mixed-use building will consist of 210 residential rental apartments, 14 two-story brownstone units for purchase, approximately 7,000 square-feet of prime restaurant/retail space, and an approximate 304-car municipally-owned parking garage.
By: Eric Kiefer | New Jersey Patch
BLOOMFIELD, NJ — Developers recently broke ground on a 372,000 square foot, mixed-use project in Bloomfield: The Royal at Bloomfield Station. According to CHA Partners, “The Royal” will have 210 residential rental apartments, 14 two-story brownstone units for purchase, about 7,000 square-feet of restaurant/retail space, and a municipally-owned parking garage with space for 304 cars. The project is a “key component” of the Bloomfield Center Master Redevelopment Plan, a multi-phase plan to transform Bloomfield’s downtown core into a booming town center, the firm said.Read More