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.

Professional Services

NAI Fennelly rebrands as Fennelly Associates

NAI Fennelly, the longtime commercial real estate services firm based in Hamilton, has announced its rebrand to Fennelly Associates.

The best of The Briefing 2022

We’re always excited to look ahead to a new year in New Jersey commercial real estate. First, however, please join us in looking back at our top stories of the year, including our most-read items and a few editor’s picks. Happy New Year and best of luck!

Office

JLL: Parsippany office building sells for $88 million, in latest trade of 400,000 sq. ft. property

Signature Acquisitions has added to its suburban office portfolio in New Jersey with its purchase of a well-known, 400,000-square-foot property in Parsippany for $88 million.

Residential & Mixed Use

Blackstone 360 unveils new East Orange apartments alongside existing rental tower

Blackstone 360 has debuted a new 70-unit luxury apartment tower alongside an existing property in East Orange, marking a new phase for its maiden project in the city.

Community

J&L, Sordoni partner for second annual toy drive benefiting Newark’s CCP Church

A toy drive for children in Newark’s Ironbound section made its return this week with the help of the development team for a new 12-story, 403-unit apartment building in the area.

NAIDB: New Jersey CRE market shows strength across property types, despite headwinds

Commercial real estate in New Jersey continues to draw investors and tenants at a robust pace, despite economic uncertainty, with even less-heralded asset classes such as office and retail showing signs of health in recent months.

Industrial

Brookfield buys newly built, 1 million sq. ft. industrial park at Exit 7A in Jackson Twp.

Brookfield Properties has acquired more than 1 million square feet of newly delivered industrial space in Jackson Township, in a deal arranged by Cushman & Wakefield.

Government & Public Policy

Netflix wins state approval to build $900 million studio hub at Fort Monmouth

State officials have approved Netflix’s bid to acquire nearly 300 acres at the former Fort Monmouth property, where it plans to build 12 soundstages totaling nearly 500,000 square feet and other facilities with a combined investment of more than $900 million.

Retail

Marcus inks sale of 9,400 sq. ft. Millburn retail asset for $3.2 million

A private investor has purchased a nearly 10,000-square-foot retail center in downtown Millburn for $3.2 million, brokers with Marcus & Millichap announced Wednesday.

Finance & Capital Markets

Owner of 108-unit Little Ferry rental complex refinances for $11 million, Northmarq says

A garden apartment owner in Little Ferry has refinanced a 108-unit complex for $11 million, according to a debt placement team with Northmarq.