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.

Government & Public Policy
EDA marks launch of street-level business incentives in five cities

State officials have formally rolled out two funding programs meant to spur investment in street-level retail space in five cities: Trenton, Paterson, Passaic, Camden and Atlantic City.

Retail
Middletown shopping center welcomes ‘old world’ Italian market

An Italian market has rolled out its third location in New Jersey with the opening of a new 15,000-square-foot store in Middletown, according to brokers involved in the deal.

Office
NAI Hanson: Design firm moving headquarters in Summit

An architectural firm is relocating within Summit to nearly 2,400 square feet of sublease space, following a deal arranged by NAI James E. Hanson.

Finance & Capital Markets
Retail owner refinances for $19.75 million, Eastern Union says

Eastern Union Funding has arranged a nearly $20 million loan for a client to refinance a 106,000-square-foot shopping center in Jackson, the firm said Tuesday.

Event Coverage
Panel: Redevelopment coming in all shapes and sizes in Bergen County

From downtown Fort Lee to the idyllic suburbs of Montvale and Park Ridge, Bergen County has become a focal point for New Jersey’s evolving commercial real estate landscape. Many of those changes were on display during a recent conference known as the New Jersey Gold Coast North and Bergen County CRE Summit.

Industrial
Newmark brokers six-building, $34 million industrial sale

A landlord has sold a six-building industrial portfolio in Morris County for $34 million, according to executives with Newmark Associates.

Residential & Mixed Use
HFF brokers sale of Newark apartment towers

A private equity firm has sold two 15-story apartment towers about 10 minutes outside downtown Newark, according to brokers with HFF who orchestrated the transaction.

Health Care & Education
Health care investor makes first New Jersey acquisition in Hackensack

A medical office investor has made its entrance to New Jersey, acquiring a 62,000-square-foot building less than a mile from Hackensack University Medical Center.

Office
WCRE: Nonprofit acquires new headquarters building in Voorhees

A nonprofit agency has acquired a 21,654-square-foot office building in Voorhees that will serve as its new headquarters, Wolf Commercial Real Estate announced.

Editor’s Note
Keeping it simple

A major source of excitement for those who make a living in the industrial business is the rise of e-commerce tenants and many others who need to be close to population centers represent actual growth in New Jersey’s economy. That means new businesses, new jobs and new requirements that aren’t simply backfilling someone else’s space, given that the tenants that have been here for decades aren’t going anywhere themselves.