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
Lee & Associates N.J. named leasing agent for 122,000 sq. ft. Morristown office complex

The Silverman Group has tapped Lee & Associates New Jersey to market space at a two-building, 122,000-square-foot office complex in Morristown.

Editor’s Note
In real time

I try to walk a fine line when reporting on legislation and public policy proposals that may or may not come to fruition. Among them is the push to legalize recreational marijuana in New Jersey, which always seemed somewhat imminent under Gov. Phil Murphy, but still took several years and a voter referendum to become reality.

Industrial
Petrucci, PGIM sell 511,000 sq. ft. Phillipsburg warehouse for $110 million

A joint venture has sold a newly built, 511,200-square-foot industrial building in Phillipsburg for $110 million, allowing a Boston-based firm to expand its footprint in the state.

Professional Spotlight
Day Pitney LLP

Day Pitney’s real estate group represents a wide variety of real estate clients, given its breadth and experience in real estate. Those clients include local and national developers, private and public institutional real estate investors, Fortune 500 companies on their corporate real estate, national commercial chains and market, inclusionary and affordable apartment developers. This wide array of clients is not only due to Day Pitney’s breadth of real estate expertise, but also because Day Pitney’s attorneys are thought leaders in real estate, given their involvement in trade associations and leadership in State and local bar associations.

Professional Services
Mancini Duffy expands regional footprint with new Red Bank office

Design firm Mancini Duffy is marking the opening of a new regional office in Red Bank, its second in New Jersey and its third overall.

Government & Public Policy
EDA issues call for information to help launch fund for minority, women-owned developers

The state’s Economic Development Authority is seeking input from minority- and women-owned development firms, as it lays the groundwork for a $20 million funding program to help improve diversity in the real estate industry.

Industrial
Terreno buys 10-acre industrial parcel in Newark for $17.3 million

Terreno Realty Corp. has purchased a nearly 10-acre industrial property in Newark for $17.3 million, the Bellevue, Washington-based firm announced last week.

Retail
Two-way traffic creating “more connected” downtown in Hackensack, experts say

Business leaders in downtown Hackensack are marking one year since the return of two-way traffic on Main Street, touting an uptick in activity from residents and visitors alike.

Professional Spotlight
Cole Schotz PC

As it has through past economic cycles, Cole Schotz has continued to pivot as the real estate market and businesses respond to COVID-19. Our real estate team leverages a deep bench of experience, including our corporate, environmental, special opportunities, litigation and bankruptcy teams, with a wealth of experience providing advice on real estate matters. We have been helping our clients adapt to a rapidly changing market.

Professional Spotlight
Gibbons PC

Gibbons offers multidisciplinary services statewide, from Bergen to Atlantic counties and all points between, addressing all aspects of real estate development deals. This wide-ranging practice is the result of the distinct contributions of our exceptional attorneys — including newest team member Bisola Taiwo, most recently Assistant Director/Chief of Staff for Newark’s Department of Economic and Housing Development, where she structured deal terms for redevelopment projects worth billions of dollars.