Joshua Burd
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Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight 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
Journal Square Urby on track for spring 2024 delivery after 317-unit rental project tops out

The newest Urby-branded apartment tower in Hudson County has topped out in Jersey City’s Journal Square section, with less than a year to go until the completion of the 317-unit building.

Residential & Mixed Use
Boutique Jersey City apartment building trades for $412,000 per unit, KW says

A private investor has acquired an eight-unit apartment building in Jersey City for $3.3 million, in a transaction arranged by Keller Williams Realty Inc.

Office
Chilmark: Financial firm takes 9,600 sq. ft at Park Ridge office building

A new tenant is coming to a well-known office building in Park Ridge after leasing nearly 10,000 square feet at the property, brokers with Chilmark Real Estate Services announced.

Retail
Buyer wanted for 253,000 sq. ft. Toms River shopping center, RIPCO says

The owner of a Toms River shopping center has placed the property on the market, brokers with RIPCO Real Estate said, touting the potential to draw offers of more than $20 million.

Finance & Capital Markets
G.S Wilcox sources $10.2 million loan for new Hampshire self-storage facility

The Hampshire Cos. has secured $10.2 million in financing for a newly built, 785-unit self-storage facility in Connecticut, in a deal arranged by G.S. Wilcox & Co.

Industrial
Developer eyes 490,000 sq. ft. of new industrial space minutes from Lincoln, Holland tunnels

Construction is underway on a project that will bring nearly 500,000 square feet of new industrial space to Jersey City, in a rare ground-up development in the submarket that will create the largest high-end logistics facility within five miles of the Lincoln and Holland tunnels.

Residential & Mixed Use
Seven-building, 184-unit apartment portfolio trades in Irvington, Kislak says

A private investor has purchased a seven-building, 184-unit apartment portfolio in Irvington, in a newly announced deal by The Kislak Co. Inc.

Industrial
Voorhees self-storage project lands $12.1 million construction loan, report says

The developer of a new self-storage facility in Voorhees reportedly has secured more than $12 million in construction financing for the project.

Retail
Katz: Themed children’s hair salon opens in Toms River

A new children’s salon has arrived in Ocean County after a 1,000-square-foot lease at a Toms River shopping center, according to a brokerage team with Katz & Associates.

Sponsored Content
Greater sunshine ahead or an incoming storm? Preparing for corporate transparency act compliance in 2024

For decades, the real estate industry has been particularly adept at using various corporate structures such as limited liability companies, limited partnerships and corporations in order to maximize the numerous liability and privacy protections and tax benefits afforded to such businesses. Commencing Jan. 1, 2024, however, many U.S. businesses will be required to disclose (and update) information with respect to their beneficial ownership to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) pursuant to the Corporate Transparency Act (the CTA), giving rise to many privacy and regulatory concerns. 

The CTA will apply to tens of millions of new and existing businesses throughout the country, including many real estate businesses, individual and family investment vehicles, and smaller private companies and joint ventures.