Joshua Burd

13747 Articles0 Comments

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.

Office

Allergan subsidiary leases, acquires Branchburg office buildings, NKF says

A subsidiary of the pharmaceutical company Allergan has acquired two Branchburg office buildings where it had just signed leases for more than 280,000 square feet, according to the real estate services firm Newmark Knight Frank.

Hospitality & Tourism

Meridian brokers $7.8 million refinance for Jersey Shore hotel

The owner of a Toms River hotel is refinancing for $7.8 million, following a transaction arranged by brokers with Meridian Capital Group.

Finance & Capital Markets

G.S. Wilcox secures $6 million for Essex County warehouse owner

G.S. Wilcox & Co. has completed $6 million in financing for a five-building industrial portfolio in Orange, working on behalf of a private equity firm that owns the properties.

Industrial

Tulfra, Hampshire ink 204,000 sq. ft. lease at repositioned Clifton building

A joint venture has leased 204,000 square feet in Clifton to a well-known bakery business, in the completion of its effort to redevelop a 50-year-old manufacturing plant into new industrial space.

Rutgers announces 2017 advisory board members

The Center for Real Estate at the Rutgers Business School has unveiled its 2017 advisory board and council of emerging leaders, adding to a roster that has come to include dozens of industry heavyweights and top professionals in New Jersey.

HFF’s midyear 2017 industrial capital markets brief

From an equity markets perspective, demand for industrial product continues to be strong with institutions and private funds that are underweight in northeast industrial properties. The reason we are not seeing more activity is because there has been — and continues to be — a lack of quality offerings in the most sought after markets from the Meadowlands down along the Interstate 95/Turnpike Corridor to Exits 8A/7A.

Retail

Howell retail center welcomes burger chain, LMC says

A burger franchise is relocating to a 3,400-square-foot space inside a Howell shopping center, following a deal orchestrated by Levin Management Corp.

Industrial

Hartz completes new service facility at former Kearny landfill site

Hartz Mountain Industries and Cummins Inc., a global engine maker and power company, have completed a new 57,000-square-foot facility in Kearny, marking a milestone in a complex, long-running effort to redevelop a former landfill in the Hudson County town.

Office

Roseland office building sold for $16.7 million

A special servicer has sold a roughly 280,000-square-foot office building in Roseland for $16.7 million, according to brokers with CBRE Group Inc. who marketed the property.

People

Former financial analyst joins NAI Hanson as sales associate

NAI James E. Hanson has bolstered its sales team with the addition of a new associate in its Hackensack office, the real estate services firm said Thursday.