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.

People
Saxum adds controller to growing team

Saxum Real Estate has added to its team with the hiring of a new controller.

Residential & Mixed Use
Bijou: Sales underway at new eco-built condos in Hoboken

Bijou Properties has launched sales at a new sustainably built, seven-story condominium building in Hoboken that it says is a first of its kind in New Jersey.

Government & Public Policy
Remediation is now everyone’s business

Throughout the state, New Jersey is cleaning contaminated sites and turning them into productive, attractive new uses that are safe for the population and the environment. The state’s LSRPs are proud to be part of this success.

Trend Watch
Big-box demand struggles with limited supply

The proliferation of e-commerce spiked leasing velocity in 2016 and 2017 due to significant demand for big-box and mega-box spaces.
Limited supply of big-box space across the state has stalled leasing velocity for YTD 2018.
There are only five (5) availabilities in excess of 500,000 square feet in the state.
Tenants have expanded the geographic scope of requirements into Southern New Jersey and Lehigh Valley to accommodate immediate needs.

Top News
Remembering Jay Kislak, a real estate icon known equally for giving, exploring

Jay I. Kislak, an iconic figure in real estate and philanthropy, whose giving helped further education and culture in New Jersey and elsewhere, died Wednesday at his home in Miami. He was 96.

Residential & Mixed Use
DMG debuts 204-unit, upscale condo project in Cliffside Park

A crowd gathered high atop the Palisades on Thursday as a developer unveiled its first project in New Jersey — a new 14-story, 204-unit luxury condominium building in Cliffside Park.

Industrial
Stro touts lease-up of newly added warehouse in Elmwood Park

Three tenants have combined to lease 45,000 square feet at an industrial building in Elmwood Park, The Stro Cos. announced, bringing the recently acquired property to full occupancy.

Residential & Mixed Use
Three-piece AVE portfolio hits the market for sale, recap

The owner of three AVE properties in New Jersey and Pennsylvania is seeking new investors or buyers, brokers with HFF said, touting a value-add opportunity with more than 800 units.

Finance & Capital Markets
Developer secures LIHTC financing for 84-unit Newark project, Day Pitney says

A developer is tapping into the federal Low Income Housing Tax Credit program as part of a planned 84-unit, mixed-income rental project in Newark, in one of several recent transactions announced by Day Pitney LLP.

Residential & Mixed Use
NJPAC, city leaders hail One Theater Square’s opening in downtown Newark

Stakeholders gathered Wednesday to mark the opening of a new 22-story residential tower in downtown Newark, the city’s first ground-up luxury high-rise in more than 50 years and the first tangible piece of a plan to develop the property around the New Jersey Performing Arts Center.