Joshua Burd
12736 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.

Sponsored Content
Real Estate NJ’s 2023 Market Forecast

After finding its footing in the pandemic, the commercial real estate market was back on its heels by late 2022 thanks to fast-rising interest rates and fears that the worst is still to come. Developers, investors and other industry stakeholders in New Jersey are now bracing themselves for more uncertainty in 2023, as they also prepare to seize the opportunities that often come with economic distress.

Policy Page
Creative deals fueled by investors’ demand for niche property types

The consensus of this year’s Emerging Trends in Real Estate report for the U.S. and Canada report is one of cautious optimism that we will ride out any near-term slump and be well positioned for another period of sustained growth and strong returns, although a short and mild recession is expected. The article also highlights 10 trends for 2023, many of which have led to creative project deals throughout New Jersey.

Industrial
Investor eyes 586,000 sq. ft. warehouse project after buying Salem County parcels

An investment group has purchased a 48-acre development site in Salem County, seeking to expand its holdings and capitalize on growing industrial rents in the region.

Professional Services
Greenbaum’s Mlenak elected V.P. of Community Associations Institute N.J. chapter

A top redevelopment and land use attorney with Greenbaum Rowe Smith & Davis LLP has been elected vice president of the Community Associations Institute’s New Jersey chapter.

Office
South Bound Brook office building sold to municipality for $1.1 million, Deluccia says

The Borough of South Bound Brook has purchased an 8,300-square-foot office building in the municipality, in a newly announced deal by Deluccia Commercial Group.

Retail
Levin Management inks 1.4 million sq. ft. in 2022 lease volume, as retail rebounds

Levin Management Corp. is marking a record year in leasing, thanks in part to a continued bounce back for brick-and-mortar retail in its regional footprint and across the U.S.

Industrial
Petrucci: New Lehigh Valley flex park is fully leased after deal with pharma distributor

J.G Petrucci Co. Inc. has signed a new 40,000-square-foot lease in the Lehigh Valley, bringing a three-building industrial park to full occupancy after a phased buildout starting in 2019.

Industrial
Penwood fund buys 97,000 sq. ft. Meadowlands industrial building for $31 million

Penwood Real Estate Investment Management has expanded its footprint in the Meadowlands, where a fund operated by the firm has acquired a nearly 97,000-square-foot industrial building.

Government & Public Policy
Murphy calls for expanding liquor licenses in New Jersey, making pitch for long-stalled reform

A long-awaited reform to New Jersey’s liquor license laws could be coming soon, as indicated Tuesday by Gov. Phil Murphy, who cast the overhaul as a top priority during his State of the State address and previewed a plan to tackle the hot-button issue.

Professional Services
Avison Young taps Stone as New Jersey market leader, with Heller set to focus on brokerage

Avison Young has named a new leader of its New Jersey team, eyeing continued growth in the region after launching its first office here more than a decade ago.