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.

Bolstering the ranks

As you’ll read in this month’s cover story, Prologis’ growing team is supporting a portfolio that now spans 44 million square feet across 200 properties in New Jersey and New York. Growing that footprint will come in a number of ways, Harty said, including the types of creative, value-add projects that involve redeveloping former office campuses. That, in turn, requires additional development and construction personnel like the kind that Prologis has added in recent months. And it comes as the company also hires for what’s known as its Essentials platform, which provides services to tenants such as helping them source materials for their building fit-outs, in a bid to engage them “beyond the four walls and the real estate.”

JLL: Buyer inks $32 million loan for purchase, renovation of Hackensack rentals

The new owner of a 198-unit garden apartment complex in Hackensack has landed nearly $32 million in financing for the acquisition and for its plans to renovate the property.

Adoni sells 42,000 sq. ft. Somerset retail center for $13 million, C&W says

Adoni Property Group has sold a retail center in the Somerset section of Franklin for nearly $13 million, brokers with Cushman & Wakefield announced Tuesday.

NAI DiLeo-Bram: Flooring contactor expands with 7,000 sq. ft. Kenilworth industrial building

A flooring contactor has purchased a 7,000-square-foot industrial building in Kenilworth, in a newly announced transaction by NAI DiLeo-Bram & Co.

Blau & Berg: Family sells Plainfield commercial lot after nearly 100 years

The longtime owner of a commercial lot in Plainfield has sold the property, according to a brokerage team with The Blau & Berg Co.

Denholtz adds 384-unit luxury rental property outside Nashville, in latest Southeast deal

Denholtz Properties has continued its out-of-state expansion with the acquisition of a newly built, 384-unit apartment property outside Nashville, the Red Bank-based firm announced.

Larken eyes mid-2023 groundbreaking for new 120-unit Warren County multifamily project

Larken Associates has received local approvals to build 120 new apartments in Pohatcong, as it looks to add to its multifamily portfolio in Warren County and across the region.

PS&S mourns loss of longtime firm leader, industry pioneer Anthony Sartor

Professional services firm PS&S is mourning the loss of Anthony J. Sartor, its former longtime chairman and CEO and a forerunner in the environmental engineering field, whose career also included decades of public service under six New Jersey governors.

REIT buys 246,000 sq. ft. Vineland, Bridgeton portfolio in $33 million sale-leaseback

A real estate investment trust has purchased a two-building, 246,000-square-foot industrial portfolio in Vineland and Bridgeton, in a deal valued at nearly $33 million.

Office, retail building changes hands in Paramus, NAI Hanson says

An investor has purchased a 3,800-square-foot commercial property on Route 17 in Paramus, in a newly announced transaction by NAI James E. Hanson.