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
Somerset office building trades for $7.5 million, Marcus says

The longtime owner of a nearly 90,000-square-foot office building in Franklin Township has sold the property for $7.5 million, brokers with Marcus & Millichap said Monday.

Professional Services
CBRE adds veteran New Jersey industrial broker as executive vice president

CBRE has announced a new addition to its team of New Jersey industrial brokers.

Finance & Capital Markets
Bedminster medical office owner refis for $8.1 million, JLL says

The owner of a nearly 40,000-square-foot medical office building in Bedminster has refinanced the property for $8.1 million, under a newly announced transaction by JLL.

Office
Lee & Associates New Jersey inks office sale, retail lease in Bergen County

A religious organization has purchased a 2,650-square-foot office building in Fair Lawn, in one of two newly announced deals by Lee & Associates New Jersey.

Photos
TD Bank gifts $10,000 to nonprofit supporting children with rare illnesses

A new $10,000 donation from TD Bank is helping to advance the mission of a Franklin Lakes-based charity that helps bring essential medical services to children with rare illnesses.

Editor’s Note
No worse for wear

Complex, labor-intensive projects have been central to the growth of Prism Capital Partners’ multifamily housing platform. The firm since 2013 has developed nearly 1,000 units, with hundreds more under construction, thanks to its work at Edison Lofts and other industrial-to-residential conversions in northern New Jersey. Notably, it has balanced those projects with a growing pipeline of ground-up, midrise buildings in towns such as Woodbridge and Dunellen, which boast strong demographics and transit-served downtowns despite being lesser-known locations.

Residential & Mixed Use
Investors strike again in Edgewater, acquiring 226-unit apartment tower for $130 million

A joint venture has made its second major acquisition in Edgewater in less than five months, adding 226 luxury apartments in a newly completed, $130 million deal by JLL.

Professional Services
DIGroup Architecture names new associate principal among four recent promotions

DIGroup Architecture has announced four recent promotions on its New Brunswick-based team of designers.

Retail
MSC Retail inks sale of 17,000 sq. ft. shopping center in Atlantic County

First National Realty Partners has sold a CVS-anchored shopping center in Atlantic County, under a newly announced transaction by MSC Retail Inc.

Retail
Playa Bowls franchisee signs lease, eyes new location in downtown Morristown

A franchisee for the fast-growing Playa Bowls chain has found a new location in downtown Morristown, in a transaction brokered by Kraft Development II.