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.

HMFA awards $28 million in tax credits, supporting 1,400 affordable housing units

By Joshua Burd The state has awarded its latest round of funding under the federal Low Income Housing Tax Credit program, allowing developers to generate an estimated $270 million in private equity in support of more than 1,400 new affordable…

Residential & Mixed Use

Long-awaited senior living community on the horizon in Wyckoff, Hawthorne

A health care operator is marching toward the start of construction for a long-planned, 199-unit retirement community in Wyckoff and Hawthorne, in what will be the last major piece of its footprint within the two North Jersey municipalities.

NAIOP New Jersey launches ‘1 million meals’ campaign for Community FoodBank of NJ

NAIOP New Jersey has launched a campaign to raise more than $300,000 and provide 1 million meals for hungry residents and families in the Garden State.

Industrial

Zimmel: Investors pay $10.5 million for Jersey City industrial building

An investment group has acquired a 105,000-square-foot industrial building off Interstate 78 in Jersey City, under a $10.5 million deal announced this week by Zimmel Associates.

Residential & Mixed Use

Elizabeth rental buildings fetch $6.5 million, Kislak says

A multifamily owner has sold a two-building, 62-unit apartment portfolio in Elizabeth for $6.5 million, brokers with The Kislak Co. Inc. announced.

Office

ON3: Prism planning speculative 150,000 sq. ft. lab building in Nutley

Amid continued demand for high-end research and development space, Prism Capital Partners is planning a new ground-up laboratory building at its ON3 campus in Nutley and Clifton.

Retail

Joint venture acquires Springfield Avenue shopping center in Newark

An affiliate of Goldman Sachs and Madison Marquette have acquired one of Newark’s newest retail properties — a fully occupied, grocery-anchored shopping center on Springfield Avenue.

Logistics users scramble for quality space

A drought in modern space options is rippling through the New Jersey Industrial market, creating challenges for logistics users while providing opportunities for developers. Class A availability has fallen to cycle lows of 5.5 percent, a far cry from last cycle’s peak when Class A availability reached 27.5 percent.

Retail

LMC adds senior VP of leasing

Levin Management Corp. has added to its executive management team with the hiring of a new vice president of leasing.