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
Solar company takes 9,000 sq. ft. in Jersey City office deal, C&W says

A solar energy company has leased more than 9,000 square feet of office space in Jersey City, in a newly announced transaction by Cushman & Wakefield.

Retail
LMC: Poke bowl shop takes 2,400 sq. ft. at Flemington shopping center

An Asian fusion restaurant has committed to a new location in Flemington, having leased more than 2,000 square feet inside a prominent shopping center in the borough.

Sponsored Content
Designing carbon neutral warehouses and last mile facilities

The phrase ‘Carbon Neutral’ is the latest climate-based trend we are seeing amongst some of the world’s largest companies, including Amazon, FedEx, Ford and many others. Becoming carbon neutral is the process of a building, or company, achieving net-zero carbon dioxide emissions. Carbon neutrality is achieved by reducing carbon emissions or a combination of offsetting emissions where they would be generated elsewhere.

Office
New Jersey office market shows ‘early signs’ of recovery in Q3, Collier says

The state’s office market took modest steps toward a recovery in the third quarter, as the pace of new listings slowed and as renewals helped sustain leasing activity in many locations.

Industrial
GM Realty brokers sale of 60,000 sq. ft. warehouse in Somerset

A home fashions distributor has acquired a 60,000-square-foot industrial building in the Somerset section of Franklin, in a newly completed transaction by GM Realty Advisors Inc.

Industrial
Hartz, grocery distributor ink 16,000 sq. ft. lease in North Bergen, KenKap says

A grocery distributor has taken more than 16,000 square feet of industrial space in North Bergen, under a deal arranged by KenKap Realty Corp.

Retail
Jamaican eatery signs lease at Haddon Heights shopping center

A Jamaican restaurant is joining the tenant roster at a Camden County shopping center, brokers with Vantage Commercial announced Friday.

Industrial
JLL New Jersey team closes $50 million industrial sale on Long Island

A joint venture has sold a nearly 240,000-square-foot distribution center on Long Island for $50 million, in a transaction by JLL’s New Jersey-based capital markets team.

Sponsored Content
What you need to know today: the like-kind exchange strategy

A 1031 exchange (like-kind exchange) is one of the most significant tax advantages available to a real estate investor selling a property with large realized gains.  By implementing this tax strategy, it is possible to defer tax payments on the sale of an investment property indefinitely. While like-kind exchanges are common, there are still many complexities to navigate.  Given some of the proposed legislative changes put forth by the Biden administration and members of Congress, it may make sense to accelerate transactions into the 2021 tax year.

Residential & Mixed Use
Developer acquires Teaneck apartment, hotel parcel for $10 million, Marcus says

A development site that could house a new apartment complex or hotel has changed hands in Teaneck, in a newly announced transaction by Marcus & Millichap.