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
NAI Hanson: Tenant’s growth drives 9K sq. ft. industrial lease

A piping contractor has leased more than 9,000 square feet at a Waldwick industrial building, with NAI James E. Hanson serving as the broker for the property’s owner.

Industrial
Bussel brokers 50K sq. ft. lease at Millburn warehouse

A spice distributor has leased more than 50,000 square feet at a Millburn industrial building, in a deal arranged by Bussel Realty Corp.

Office
C&W: Mack-Cali acquires Red Bank campus for $26M, while selling elsewhere

Mack-Cali Realty Corp. has acquired three office buildings in Red Bank for $26 million while selling a property in Bridgewater, in separate transactions arranged by Cushman & Wakefield.

People
CRE veteran joins HFF debt and equity team

HFF has hired Greg Nalbandian as a senior managing director in its Florham Park office. He joins the firm with more than 23 years of experience in the industry, having most recently served as a senior vice president and managing director with NorthMarq Capital LLC.

Residential & Mixed Use
Essex County apartments to stay affordable after $22M trade

A multifamily owner is set to acquire a 178-unit property in East Orange, as part of a $22 million deal that calls for preserving its status as affordable housing.

Office
Massive solar panel skylight coming to Bell Works

Somerset Development has started construction on what will be the latest distinctive piece of its vast Bell Works complex in Holmdel: the largest photovoltaic glass skylight in the United States.

Finance & Capital Markets
Avison Young brokers $34M loan for Lehigh Valley project

Brokers in Avison Young’s New Jersey office have arranged more than $34 million in financing for a mixed-use development in Pennsylvania’s Lehigh Valley, the firm announced.

Retail
Highway retail site near Monmouth Mall changes hands, Goldstein says

The Goldstein Group has brokered the sale of an 11,200-square-foot Monmouth County retail site and will serve as leasing agent for the property’s new owner, the firm announced Monday.

Finance & Capital Markets
Global appeal: Foreign investors see new opportunity in New Jersey

As an investment opportunity, 800 Scudders Mill Road checked just about every box. A state-of-the-art, trophy office complex that was only three years old. A prime location just outside Princeton. And, perhaps most important of all, a net lease with a blue-chip, global pharmaceutical giant, Novo Nordisk Inc., with a longstanding presence in the market.

Residential & Mixed Use
How a Chinese construction giant is planting a flag in New Jersey

For a company that had been in the U.S. for nearly three decades, it was only about four years ago that the conglomerate known as China State Construction Engineering Corp. suddenly caught the attention of New Jersey’s commercial real estate market.