Joshua Burd
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Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight 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.

Investor sells 115-unit garden apartment portfolio in Newton for $22 million, Kislak says

An investment firm has sold a three-property, 115-unit apartment portfolio in Sussex County for more than $22 million, in a newly announced deal by The Kislak Co. Inc.

Insiders: New Jersey office market still ripe for large, blue-chip deals in age of hybrid work

Market experts say large, high-profile office deals are likely still to come in New Jersey, despite the push for hybrid schedules and lingering questions about the return to work.

BRC: Food distributor expands again in Somerset, leasing 52,000 sq. ft.

A food distributor has leased more than 52,000 square feet of industrial space in Franklin’s Somerset section, in the latest expansion of its footprint in recent years.

CMC inks $6.4 million construction loan for Fanwood apartment, retail project

A developer has landed a $6.4 million construction loan for a project that would bring 24 new apartments and retail space to Fanwood, according to Commercial Mortgage Capital.

Developer of five-year-old self-storage building in Westwood refis for $12 million, JLL says

The developer of an 830-unit self-storage facility in Bergen County has refinanced the property for $12 million, according to a debt placement team with JLL.

Cardio practice takes 6,500 sq. ft. in renewal, expansion at Larken property in Flemington

Larken Associates has negotiated a lease renewal and expansion to 6,456 square feet with a cardiology provider in Flemington.

Jersey Mike’s takes 1,800 sq. ft. at Burlington County shopping center, LMC says

Fast-casual franchise Jersey Mike’s Subs has inked an 1,800-square-foot lease at Hartford Corners in Delran Township, brokers with Levin Management Corp. announced.

Buzzworthy

As you’ll read in this month’s cover story, the large, high-profile office deal is alive and well in the pandemic’s aftermath, as blue-chip employers make major investments in their physical footprint. That’s evident by several outsized leases in New Jersey this year of 100,000 square feet or greater, and market experts say there are likely more to come, as corporations look to support their growth while creating a “commute-worthy” environment for its distributed workforce.

Provident, Lakeland to merge in $1.3 billion deal that will fortify CRE lending platforms

Provident Bank and Lakeland Bank are joining forces under a $1.3 billion merger announced Tuesday, bringing together two key lenders in the state’s commercial real estate sector.

Joint venture breaks ground on 1.1 million sq. ft. logistics park four miles from N.J. Turnpike

Construction is underway on a project that will bring nearly 1.1 million square feet of high-end industrial space to a 74-acre former chemical plant site in Sayreville.