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.
Procida Funding & Advisors LLC has provided a $3 million bridge loan as part of a transaction secured by four light industrial properties totaling more than 27,000 square feet in Union County.
Three manufacturers could be moving to New Jersey from New York City’s outer boroughs, following the approval of incentives for the firms by the state Economic Development Authority.
A private investment firm reportedly has offered $225 million to buy the shuttered Revel casino in Atlantic City, although the property’s current owner says no such offer has been made.
A developer and state officials have marked the opening of a new 102-unit, affordable housing community in Toms River that will be reserved for senior citizens.
Brokers with Levin Management Corp. have taken over leasing and management at shopping centers in Secaucus and Flemington, the retail real estate services firm said.
A company that is expanding from Brooklyn will occupy 27,000 square feet at a Hillside industrial building, following a lease brokered by Team Resources Inc.
Jimmy John’s has opened a new store at the base of a luxury apartment tower in Jersey City, marking the national sandwich chain’s first location in the Hudson County seat.
Persistent demand and limited construction is driving rent growth for New Jersey’s transit hub markets, while rents are expected to trend higher as tenant demand is projected to outpace the 456,000 square feet of new Newark supply slated for delivery in 2018.
The team behind the highly anticipated, mixed-use New Brunswick Performing Arts Center project has closed on the financing for the sweeping $171 million development.
