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
Cosmetics firm takes 16,000 sq. ft. at Glenpointe for new U.S. headquarters, Sanzari says

A global cosmetics company is bringing its U.S. headquarters to the Glenpointe campus in Teaneck after a newly completed lease with Alfred Sanzari Enterprises.

Industrial
Blau & Berg inks purchase, lease of Linden trucking facility

The site of a warehouse and truck trailer storage facility in Linden has attracted a new tenant after recently changing hands, in a series of deals by The Blau & Berg Co.

Policy Page
CRE outlook and economic drivers in this post-pandemic world

“Even before the pandemic hit in 2020, the global economy was already in a precarious place,” according to global economist Dambisa Moyo, Ph.D., at NAIOP’s recent I.CON East event in Jersey City. Many of the largest developed and developing countries were already experiencing low, slow or even no growth. In this sense, the COVID-19 crisis served as a catalyst, accelerating threats to the global economy. Moreover, several headwinds are exacerbating these challenges.

Top News
Procida joins developer, local officials to unveil final phase of Northvale condos

Paris Square at 199 Paris Ave. in Northvale — Courtesy: Procida Funding By Joshua Burd A development team has marked the long-awaited completion of an age-restricted, 111-unit condominium complex in the Bergen County borough of Northvale. Procida Funding, a lender…

Deals
Therapist acquires 2,400 sq. ft. property in Monmouth County, Sheldon Gross says

114 Route 34 in Matawan — Courtesy: Sheldon Gross Realty By Joshua Burd A mental health therapist has purchased a 2,400-square-foot property in Matawan for $360,000, according to a brokerage team with Sheldon Gross Realty. In a news release, the…

Residential & Mixed Use
Jersey City approves redevelopment, affordable housing pact for first phase of Bayfront

Plans to transform Jersey City’s massive Bayfront property took a key step forward this week with the approval of a redevelopment agreement for the first phase, a proposed 209-unit building with more than a third of its apartments reserved for lower-income renters.

Industrial
CBRE inks $15 million sale of 91,000 sq. ft. industrial park, development site in Freehold

An industrial buyer has added six buildings in Freehold totaling nearly 91,000 square feet, part of a $15.2 million deal announced Wednesday by CBRE.

Residential & Mixed Use
CHA unveils 66-unit luxury apartment building in downtown Wharton

Development firm CHA Partners has taken the wraps off a new 66-unit luxury apartment building in Morris County, touting a downtown location that is minutes from mass transit.

Retail
Net-leased Mavis Discount Tire store in Howell trades for $2.8 million, Marcus says

A private investor has purchased the site of a Mavis Discount Tire store in Monmouth County for $2.8 million, in a newly announced deal by Marcus & Millichap.

Industrial
Connors brokers sale of 25,000 sq. ft. Kearny industrial building

The William F. Connors Agency has completed the sale of a nearly 25,000-square-foot industrial property in Kearny, the Bayonne-based brokerage firm announced Wednesday.