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.

Air of innovation: How an Elizabeth warehouse became a hub for AI-powered fragrance design

Osmo, a startup backed by Lux Capital and Google Ventures, has opened a new dedicated production site and headquarters at 585 Kapkowski Road in Elizabeth. — Photos by Alexander Severin / Courtesy: KSS Architects By Marlaina Cockcroft If it wasn’t…

Editor’s Note

Breaking the mold

As you’ll read in this months cover story, a company known as Osmo has filled and activated nearly 60,000 square feet of new warehouse space in Elizabeth, unveiling a cutting-edge headquarters and production hub. The so-called digital scent company, which uses artificial intelligence to create custom fragrances, debuted the space in mid-May after what was an exhaustive but fast-paced search that wound up just south of Port Newark-Elizabeth. That involved several top players in New Jersey commercial real estate, including developers Kurv Industrial and Elberon Development Group. It also involved a skilled design team that helped with the facility’s highly specialized infrastructure, supporting the arrival of a business that has public officials understandably excited.

Industrial

Prologis eyes early 2027 delivery for new 379,000 sq. ft. Bergen County warehouse

Prologis Inc. has broken ground on a 379,000-square-foot logistics facility in Maywood, expanding a footprint that already includes more than 100 properties in northern New Jersey.

Residential & Mixed Use

Hudson Atlantic: Longtime owner sells 33-unit apartment building in Gloucester Township

A private investor has acquired a 33-unit apartment building in Gloucester Township for $4.5 million, marking the first sale of the asset in more than four decades.

Industrial

HABR Brokerage fills 118,000 sq. ft. industrial sublease in South Plainfield, BRC says

A logistics and warehouse solutions provider has secured new space just off Interstate 287, inking a sublease in South Plainfield as part of a newly announced deal by Bussel Realty Corp.

Residential & Mixed Use

Nasser Freres welcomes first residents at 622-unit luxury rental tower in Journal Square

The new 29-story apartment tower known as The Greyson has opened its doors in Jersey City, bringing another infusion of luxury rentals to the historic Journal Square neighborhood.

Finance & Capital Markets

Gutman joins Cresa as managing principal, head of structured finance for data center group

Cresa has strengthened its data center capital markets and advisory team, tapping Robert Gutman lead structured finance for the national platform.

Retail

Stockbridge, Cypress sell 94,000 sq. ft. Linden retail center in deal arranged by JLL

A joint venture has sold a prominent retail center in Linden, completing the deal five years after delivering the nearly 94,000-square-foot property along the Route 1&9 corridor.

Photos

SLIDESHOW: Profeta Real Estate Center at NJIT launch event

Many of the state’s leading developers and service providers descended on New Jersey Institute of Technology’s Newark campus last week, joining administrators, faculty and students for the launch of the Profeta Real Estate Technology, Design and Innovation Center.

Residential & Mixed Use

Walters opens 72-unit Hainesport project as latest upscale, income-restricted housing property

Walters is marking a new addition to its footprint in southern New Jersey with the debut of Cornerstone at Hainesport, a 72-unit affordable rental property in Burlington County.