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.

Industrial
Record rent growth continues in N.J. industrial market

By many accounts, rent growth in New Jersey’s industrial sector continues to be unprecedented. Research from multiple real estate service firms shows that average rental rates across the market hit several milestones this summer.

Residential & Mixed Use
Three Union City properties sell for $2.9 million, Cervelli says

An investor in Union City has paid nearly $2.9 million for three mixed-use buildings with a combined 25 units, in a deal brokered by Cervelli Real Estate & Property Management.

Professional Services
Gensler grows workplace strategy team in New Jersey office

Global architecture firm Gensler has added to its team in New Jersey with the hiring of a new strategist in its Morristown office.

Finance & Capital Markets
Pricing power: A look at recent investment sales in New Jersey’s industrial market

Industrial space has become a favored asset class among institutional investors in New Jersey, even if high-profile opportunities are few and far between. Here is a sampling of industrial deals from the past 12 months that show just how fierce the competition has become.

Industrial
New lease structures, longer terms take hold in N.J. industrial market

Among the many changes that have come to New Jersey’s industrial market — especially those that have rallied investors — Rob Kossar points to the differences in how leases are structured.

The Rundown
KPMG mulling another expansion in Montvale, report says

Less than six months after starting construction on a new technology center in Montvale, KMPG LLP reportedly is seeking to expand its footprint in the borough once again.

Professional Services
Greenbaum Rowe hires new attorneys in real estate, environmental groups

Greenbaum, Rowe, Smith & Davis LLP has added to its real estate and environmental practices with the hiring of two new attorneys.

Office
Colliers: Workout supplements firm relocating to Newark

A bodybuilding and weight loss solutions company has subleased 11,200 square feet at Robert Treat Center in Newark, according to brokers with Colliers International Group.

Industrial
Saddleback inks 14,000 sq. ft. industrial lease in Rockaway

A beauty products company has leased nearly 14,000 square feet at a Rockaway industrial building, according to property owner Saddleback Real Estate Developers.

Office
Developer aims to transform historic Kearny shipyard into 21st-century workspace

Hugo Neu Corp. is redeveloping the former Federal Shipbuilding and Drydock Co. in Kearny as a hub of flexible office space for startups, creative businesses and others seeking a modern workplace. It aims to do so while taking advantage of the historic, architecturally distinct buildings on the 130-acre site, some of which offer the type of soaring ceilings and open-air feel that appeals to edgier tenants.