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.

Retail
JLL: Investor buys 70,000 sq. ft. grocery-anchored shopping center in Marlboro for $16 million

First Montgomery Group has sold a grocery-anchored shopping center in Monmouth County for $15.9 million, brokers with JLL announced this week.

Residential & Mixed Use
First residents arrive at Russo’s 296-unit Vermella Broad Street project in Newark

Russo Development has welcomed its first 50 residents to a new 296-unit luxury apartment property just north of NJ Transit’s busy Broad Street station in Newark.

Office
Boniakowski: Contractor moves from Elizabeth after buying Springfield office building

A construction firm has acquired a 10,000-square-foot office building in Springfield, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Professional Services
Larken Associates’ Livingstone-Martinetti earns New Jersey real estate broker’s license

A member of Larken Associates’ commercial leasing team has earned her New Jersey real estate broker’s license, the Branchburg-based firm announced this week.

Residential & Mixed Use
JLL: Ridgefield Park site approved for 552-unit rental project on the market for sale

The owner of a Bergen County development site with approvals for more than 550 apartments is seeking a buyer for the property, in a newly announced offering by JLL.

Government & Public Policy
Assembly passes bill to disband COAH, recast blueprint for affordable housing obligations

The state Assembly has passed a bill that would revamp how New Jersey calculates each town’s affordable housing obligations, seeking to streamline a process that had languished in recent decades before being taken over by the state judiciary.

Government & Public Policy
EDA approves $25 million in grants for Newark, Atlantic City commercial corridors

State officials are sending more than $25 million in grant funds to support 13 businesses and commercial projects in the downtowns of Newark and Atlantic City.

Retail
Single-tenant retail property in downtown Westfield trades for $4.7 million, Marcus says

A local investor has acquired a nearly 36,000-square-foot retail property in downtown Westfield for $4.7 million, brokers with Marcus & Millichap announced Monday.

Industrial
Orthofeet takes 52,000 sq. ft. in Norwood to expand within Sanzari-owned portfolio

Alfred Sanzari Enterprises has signed a new lease in Norwood that will allow a tenant to expand to an adjacent building and add more than 52,000 square feet to its existing footprint.

Residential & Mixed Use
Walters’ Cornerstone at Branchburg achieves lease-up

Development firm Walters has leased up its new 150-unit age- and income-restricted multifamily property along a key throughfare in Somerset County.