Joshua Burd
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Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

Residential & Mixed Use
Clarion sells 217-unit Hoboken rental property after 17 years, JLL says

Clarion Partners has sold a 217-unit luxury apartment building in Hoboken, a long-held asset for the global investment firm, in a newly announced deal by JLL.

Residential & Mixed Use
Kislak: Palisades Park apartment owner sells 33-unit portfolio after more than 40 years

The longtime owner of a 33-unit apartment portfolio in Palisades Park has sold the properties for $4.7 million, a broker with The Kislak Co. Inc. said this week.

Community
CREDA NJ hosts annual Community Action Food Drive & Volunteer Day

The Commercial Real Estate Development Association’s New Jersey chapter returned last week to the Community Food Bank of New Jersey in Hillside, allowing industry leaders to volunteer in support of the state’s largest anti-hunger and anti-poverty organization.

Retail
Nail salon inks lease at Larken property in Hillsborough, finding new home after devastating fire

A family-owned nail salon has reopened in Hillsborough, finding a new home at a busy intersection at a commercial property owned by Larken Associates.

Health Care
South Jersey physician group sells two locations after merger with hospital system

A physician group has sold two medical office properties in South Jersey as part of a merger with a regional hospital system, according to brokers with Vantage Commercial.

Featured
EDA pauses Aspire applications, seeking more ‘transparent and competitive framework’

The state Economic Development Authority is pumping the brakes on the Aspire tax credit program for developers, seeking to make it more efficient and cost-effective for applicants as it manages its remaining funds under the policy.

Industrial
NAIDB lists 75,000 sq. ft. Piscataway industrial facility, touting ‘ideal’ owner-user opportunity

The owner of a nearly 75,000-square-foot industrial building in Piscataway has listed it for sale, providing a rare opportunity for an owner-user to establish or expand in a key logistics corridor.

Residential & Mixed Use
Jersey City building with four apartments, retail space trades for $1.2 million, Cervelli says

A family office has expanded its holdings in Jersey City, acquiring a building with four apartments and retail space in a deal arranged by Cervelli Real Estate & Property Management.

Office
Personal injury, family law firm takes final space at Azarian Building in Midland Park

Azarian Realty Co. has leased up its flagship office building in Midland Park after securing a new commitment from a personal injury and family law firm.

Finance & Capital Markets
Buyer of Cape May County shopping center lands $21 million life company loan

The new owner of a grocery-anchored shopping center in Cape May Court House has secured $21 million in financing for the asset, in a deal arranged by Cronheim Mortgage.