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
Marcus: Well-known self-storage portfolio in North Jersey trades in eight-figure deal

A portfolio of five self-storage buildings in northern New Jersey has changed hands for what brokers say is a nearly nine-figure price, in a deal arranged by Marcus & Millichap.

Office
LeFrak sees Newport office building, with abundant power and industrial-style construction, as a key draw for AI players

In a time in which access to power is at a premium — thanks largely to the needs of Big Data and artificial intelligence — a historic building in Jersey City’s Newport district has emerged as a potential destination for technology firms and other players in the space.

Finance & Capital Markets
BNE lands $103 million refi for new 245-unit Chatham rental property, JLL says

BNE Real Estate Group has secured a $103 million loan to refinance its recently opened, 245-unit luxury apartment property in Chatham, brokers with JLL announced Wednesday.

Professional Services
Kislak promotes three, hires four across Northeast and South Florida offices

The Kislak Co. Inc. is eyeing continued growth in Florida, Pennsylvania and New Jersey after three executive promotions and four new hires in the key markets.

Finance & Capital Markets
Balance sheet lender Bayport Funding sees growing pipeline in North Jersey after recent construction, fix-and-flip financing deals

Real estate lender Bayport Funding is staying bullish on New Jersey after a flurry of recent deals in the state, including a combined $8.25 million in transactions in eastern Bergen County.

Industrial
Blau & Berg inks lease extension for two-acre Meadowlands truck terminal

A tenant at a two-acre truck terminal property in Carlstadt has extended its lease, in a newly announced deal by The Blau & Berg Co.

Government & Public Policy
Suárez, new DCA chief, pledges continued partnership with NJAA as association opens its annual conference and expo

The New Jersey Apartment Association kicked off its annual conference and expo in Atlantic City with a keynote from Jacquelyn Suárez, the new head of the state’s Department of Community Affairs, who pledged to continue the agency’s strong working relationship with the multifamily industry as it looks to expand housing opportunities across New Jersey.

Finance & Capital Markets
JLL: Matrix secures $93 million loan for 782,000 sq. ft. industrial project in Mount Olive

A venture led by Matrix Development Group has landed $93 million in financing for a project that will bring more than 780,000 square feet of new industrial space to Mount Olive.

Residential & Mixed Use
Cervelli: Investor buys 28-unit West New York rental property for $4 million

A private investor has purchased a 28-unit apartment building in West New York for $3.95 million, in a deal arranged by Cervelli Real Estate and Property Management.

Professional Services
Spasov joins Community Builders as construction manager, partner

Community Builders, a new employee-owned construction firm based in Morristown, has hired Niko Spasov as a construction manager and partner.