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.

Professional Services
BRC adds two vice presidents to launch retail division

Bussel Realty Corp. is expanding into retail brokerage, having added two vice presidents to spearhead the new division.

Industrial
Tulfra sells Totowa condo units to congregation, its longtime tenant

Tulfra Real Estate has sold four commercial condominium units in Totowa to a local congregation, a longtime tenant at the firm’s mixed-use property in the township.

Sponsored Content
At long last, new development incentives on the horizon in New Jersey

The state’s newly created Aspire Program — the successor to the Economic Redevelopment and Growth (ERG) Grant Program — is an aggressive tax credit program designed to encourage redevelopment projects using incentive awards to reimburse developers for certain project financing gap costs. The Aspire Program includes incentives for the development of both commercial and residential projects.

As with its predecessor, developers must show that the project is in a qualified incentive area, that without the incentive award the redevelopment project is not economically feasible, and that a project financing gap exists. There are additional requirements based on the nature and overall scope of the project.

Residential & Mixed Use
Jersey City: 134-unit rental portfolio trades for $21 million, Gebroe-Hammer says

A six-property, 134-unit apartment portfolio in Jersey City has changed hands for more than $21 million, in a newly announced transaction by Gebroe-Hammer Associates.

Office
Biotech firm expands to 200,000 sq. ft. in Piscataway, Keystone says

A biotechnology company has expanded to nearly 200,000 square feet at a Piscataway office complex, in the largest of three recent deals announced by Keystone Property Group.

Finance & Capital Markets
C&W arranges joint venture equity for 718-unit workforce housing portfolio in East Orange

The owner of a 718-unit, 11-building multifamily portfolio in East Orange has secured new partners, in a transaction arranged by Cushman & Wakefield.

Office
Overhaul coming to Parsippany office building, with full-building availability on the horizon

The owner of a 175,000-square-foot office building in Parsippany has unveiled plans for a major overhaul of the property, as it looks ahead to the return of tenants after the pandemic.

Health Care & Education
CHA Partners debuts new senior living brand at East Hanover, Totowa projects

Development firm CHA Partners has unveiled a new upscale senior living brand for a soon-to-open facility and another that’s under construction, both in northern New Jersey.

Residential & Mixed Use
KRE eyes launch of 507-unit apartment tower in Jersey City

Kushner Real Estate Group is set to unveil its latest development in Jersey City, a 507-unit luxury apartment tower in a growing downtown arts district.

Office
Jersey City office tower changing hands in sale of Columbia Property Trust

A prominent Jersey City office building is set to change hands after its owner, Columbia Property Trust, announced Tuesday that the company would be acquired for $3.9 billion.