Joshua Burd
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Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight 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
SJP names new senior vice president for leasing, marketing

SJP Properties has named a new senior vice president to help grow the firm’s office portfolio, tenant roster and third-party construction and project management business in the region.

Industrial
CBRE: Picture frame maker relocating, acquires 45,000 sq. ft. building in Somerset

A picture frame manufacturer has acquired a roughly 45,000-square-foot industrial building in the Somerset section of Franklin, in a newly announced transaction by CBRE.

Government & Public Policy
Developers join public officials, ex-baseball stars to hail Paterson stadium revival

A development team has broken ground on a long-awaited plan to revitalize and reopen Paterson’s historic Hinchliffe Stadium, joining a host of public officials and retired baseball stars to mark the start of the $94 million project.

Finance & Capital Markets
Saxum lands $47 million loan for Philadelphia rental project, JLL says

Saxum Real Estate has secured nearly $47 million in financing for a 297-unit multifamily project in Philadelphia, according to a Morristown-based debt placement team with JLL.

Office
Psychiatry group inks 2,500 sq. ft. office lease in Cherry Hill, WCRE says

A psychiatry practice has leased 2,500 square feet of office space in Cherry Hill, under a transaction arranged by Wolf Commercial Real Estate.

Health Care & Education
New Jersey needs turnkey lab space, faster approvals to compete for life sciences users

Experts say New Jersey faces a growing challenge: While it’s still a major draw for pharmaceutical research and development, speed to market has become increasingly important to life sciences users. That means the state’s lack of move-in-ready lab space — and its lengthy approval process for new construction — puts it at a disadvantage to competing markets.

Residential & Mixed Use
Hopkins Group opens 40-unit rental project at historic Elks lodge in Journal Square

A developer has unveiled its latest project in Jersey City with the opening of 40 new loft apartments inside a historic Elks lodge building.

Retail
Bayoh opens new IHOP at mixed-use project in downtown Newark

A developer and restaurateur joined local officials last week to open a new IHOP in Newark, part of a mixed-use project that will also bring 84 apartments to the downtown.

Retail
Ice cream parlor opens in Hillsborough, inking lease with Larken Associates

Larken Associates has welcomed a new ice cream shop to a five-building retail, medical and office complex.

Residential & Mixed Use
Developers tout leasing milestone at 338-unit rental project in Marlton

A joint venture has leased up the first phase of a 338-unit apartment project in the Marlton section of Evesham, part of an ongoing mixed-use development along Route 70.