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
Multifamily construction starts tick downward, but panelists express long-term optimism

Rising interest rates are weighing on New Jersey’s multifamily pipeline, at least in the near term, but have seemingly not dampened the longer outlook for new construction.

Industrial
Denholtz adds five-acre industrial parcel on Newark waterfront

Denholtz Properties has purchased a five-acre outdoor storage parcel in Newark, in the latest investment under a recently announced joint venture targeting industrial properties.

Industrial
Taconic signs 151,000 sq. ft. renewal at Morris Twp. industrial building

Taconic Partners has signed a 151,000-square-foot lease renewal at a Morris County industrial building with a freight transportation company.

Finance & Capital Markets
Cronheim: Owner of newly built Hillsborough apartments snags $49 million permanent loan

The owner of a new mixed-use town center development in Hillsborough has secured a $49 million permanent take-out loan, according to an advisory team with Cronheim Mortgage.

Finance & Capital Markets
JLL inks $26 million construction loan for 115-unit luxury rental project near Princeton

A developer has landed a $26.3 million construction loan for a planned 115-unit luxury apartment property outside Princeton, brokers with JLL announced Wednesday.

Retail
Becker affiliate sells 30,000 sq. ft. Mount Laurel retail asset for $4.9 million, C&W says

An affiliate of The Becker Organization has sold a 7-Eleven-anchored retail property in Mount Laurel for $4.9 million, in a deal arranged by Cushman & Wakefield.

Retail
Med spa concept taps R.J. Brunelli as broker for central, southern New Jersey region

Franchise brand VIO Med Spa has picked R.J. Brunelli & Co. LLC as its exclusive real estate broker for new locations in central and southern New Jersey and the Philadelphia area.

Finance & Capital Markets
JLL: Developer inks $18 million financing package for new rentals in West New York

A private developer has secured construction financing for a 48-unit multifamily project in West New York and a second loan for an existing property in the town, brokers with JLL said.

Top News
Longtime broker Sheldon Gross, New Jersey commercial real estate mainstay, dies at 94

Sheldon Gross Realty is mourning the loss of Sheldon A. Gross, a longtime New Jersey commercial real estate broker and founder of the West Orange-based real estate services firm.

Finance & Capital Markets
Wells Fargo taps new commercial banking division sales executive in metro N.J., N.Y.

Wells Fargo has named a new commercial banking division sales executive for the metro New Jersey and New York region.