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.

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.

Health Care & Education
XBL Realty sells 44,000 sq. ft. life sciences building in Plainsboro, C&W says

Cushman & Wakefield has negotiated the sale of a 44,400-square-foot life sciences building in Plainsboro, the brokerage team announced Thursday.

Residential & Mixed Use
Kislak: Owner of 14-unit New Brunswick apartment building sells after 30 years

The longtime owner of a 14-unit apartment building in New Brunswick has sold the property for $1.8 million in cash, in a deal arranged by The Kislak Co. Inc.

Office
Eastman, court reporting agency sign 20,000 sq. ft. renewal in Livingston, CBRE says

A court reporting agency has renewed its lease of more than 20,000 square feet at a Livingston office building, in the largest of several newly announced deals by CBRE.

Industrial
NAI Hanson inks sale of South Hackensack industrial building to chimney services business

A chimney services company has purchased a 4,400-square-foot industrial building in South Hackensack, according to a broker with NAI James E. Hanson.

Retail
PREIT sells Vineland mall for $45 million in ongoing quest to shrink debt load

PREIT has sold Vineland’s Cumberland Mall and several outparcels for $45 million, shedding another piece of its South Jersey portfolio to help reduce a reported $1.8 billion in debt.