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.

Events
Hundreds turn out as NAIOP New Jersey honors industry titans, contributors

NAIOP New Jersey welcomed a crowd of 300 for its annual President’s Awards and Hall of Fame Dinner, honoring eight commercial real estate industry leaders spanning multiple generations, in one of the association’s most popular events of the year.

Office
C&W: Telecom hardware, medical device manufacturers ink leases at Parsippany office campus

Seven tenants have leased a combined 90,000 square feet at a Parsippany office campus, in a series of newly announced transactions by Cushman & Wakefield.   

Residential & Mixed Use
Walters marks Sandy anniversary, kicks off 67-unit redevelopment on Brick barrier island

Walters has broken ground on a project that will bring 67 new homes to Brick Township, helping revitalize a stretch of the town’s barrier island section that was ravaged by Hurricane Sandy.

People
FNRP names executive chairman, chief investment officer in two C-suite moves

First National Realty Partners has named a new executive chairman and chief investment officer after a promotion and a new hire on its Red Bank-based team.

Residential & Mixed Use
Multifamily owners, experts debate path forward as interest rate hikes loom (SLIDESHOW)

Interest rate concerns have permeated the commercial real estate landscape in New Jersey and beyond — including the stalwart multifamily sector, which has enjoyed years of rent growth, low vacancy and strong absorption driven by wholesale demographic shifts. Investors and developers are now wrestling with how to forge ahead with deals and projects despite the uncertainty, as they wait to learn how many more rate hikes are still to come.

Office
Denholtz sells 55,000 sq. ft. Bernardsville office building, C&W says

Denholtz Properties has sold a nearly 55,000-square-foot office building in Somerset County, in a newly announced deal by Cushman & Wakefield.

Professional Services
JLL taps longtime team member as associate focused on multifamily investment sales

A longtime member of JLL’s New Jersey capital markets practice is now an associate with the Morristown-based team.

Retail
Florham Realty: Staten Island tile distributor to open in Manasquan, leasing 2,000 sq. ft.

A tile distributor is opening its first New Jersey location after leasing 2,000 square feet in Manasquan, according to a brokerage team with Florham Realty Group.

Retail
Vantage Commercial: Five tenants join West Deptford retail center, with updates still to come

The owner of a soon-to-be-updated shopping center in Gloucester County has secured five new tenants for the property, according to a team with Vantage Commercial.

Finance & Capital Markets
Investors take pause, reassess as interest rates shock commercial real estate market

The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.