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.

Residential & Mixed Use
Morristown tract slated for 29-unit multifamily project fetches $6.8 million, Kislak says

A development site in Morristown that will be home to 29 townhome-style apartments has traded for $6.8 million, according to a brokerage team with The Kislak Co. Inc.

People
STRO promotes Ferris to senior director of leasing, acquisitions

The STRO Cos. has promoted Elliot Ferris to senior director of leasing and acquisitions.

Finance & Capital Markets
Unity Bank closes construction loan for Hunterdon assisted living, memory care project

A developer has snagged a multimillion-dollar construction loan for a 122-unit assisted living and memory care residential facility in Clinton Town.

Retail
Retail, apartment building in downtown Summit trades for $2.9 million

A retail and apartment property in downtown Summit has changed hands for nearly $2.9 million, brokers with Cushman & Wakefield announced Tuesday.

Health Care & Education
Life sciences firm moving to Jersey City from Brooklyn, inking lease at Thor’s 95 Greene

Another life sciences company is headed to Jersey City from Brooklyn under a newly completed lease with Thor Equities Group, in a deal arranged by brokers with JLL.

Industrial
Buyer wanted for 5.5-acre redevelopment site two miles from Port Newark, C&W says

A development site in northern New Jersey’s booming port region is on the market for sale, in a newly announced offering by Cushman & Wakefield.

Retail
Marcus: Site of Hillsborough preschool, daycare center fetches $3.6 million

A private investor has purchased the site of a preschool and daycare center in Hillsborough for nearly $3.6 million, brokers with Marcus & Millichap announced last week.

Residential & Mixed Use
Walters meet strong demand with new 25-unit affordable housing project in Montvale

Walters has completed construction on a new two-building, 25-unit multifamily project in Montvale that will provide housing for low- and moderate-income families.

Events
Rutgers symposium to highlight issues, solutions in distressed commercial real estate

Industry leaders will take a fresh look at the issue of distressed commercial real estate as part of an upcoming symposium hosted by the Rutgers Center for Real Estate.

Finance & Capital Markets
Kaplan, Nuveen close $27 million loan for new 128-unit Toms River rental project, JLL says

Kaplan Cos. has secured nearly $27 million in financing for a newly built, 128-unit apartment property in Ocean County, in a newly completed deal by JLL.