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.

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Planting the Seed for A Greener New Jersey: The Intersection of Legal Cannabis and Real Estate in the Garden State (Part 1)

Most are undoubtedly aware that, in this past election, New Jersey voters overwhelmingly passed a ballot initiative to legalize the recreational use of cannabis for adults age 21 years or older. Due to our state’s geographic location and dense population, experts predict this marketplace will quickly become a multibillion-dollar industry. As we wait for the cannabis sector to spark up in New Jersey, now more than ever, those interested in joining the industry should evaluate what type of real estate space is best suited for this emerging industry, which will differ based on the type of cannabis license it seeks.

Industrial
Roxbury industrial buildings sell for $1.9 million, Charity Realty says

Two Morris County commercial buildings with a combined 34,870 square feet have changed hands for $1.9 million, in a transaction arranged by Charity Realty International.

Residential & Mixed Use
Walters plans spring debut for age-restricted rental project in Marlton

A developer is nearing the completion of a new 68-unit, age- and income-restricted apartment building in the Marlton section of Evesham.

Office
Landlord taps WCRE as leasing agent at Cherry Hill office park

The owner of a three-building, 173,000-square-foot office complex in Cherry Hill has picked Wolf Commercial Real Estate as the property’s leasing agent.

Finance & Capital Markets
Investor lands $49 million loan for North Jersey warehouse portfolio deal

The buyer of an 18-building, 724,000-square-foot industrial portfolio in northern New Jersey has secured nearly $49 million in acquisition financing, in a transaction arranged by JLL.

Industrial
Camber adds 1.24 million sq. ft. industrial portfolio in South Jersey, Pennsylvania

Investment firm Camber Real Estate Partners is expanding its footprint to South Jersey and Pennsylvania, having acquired a 1.24 million-square-foot industrial portfolio in the region.

Industrial
Highway safety company sells 32,000 sq. ft. Vineland facility, WCRE says

A business that provides highway signage and safety equipment has sold a 32,000-square-foot industrial building in Vineland, according to Wolf Commercial Real Estate.

Retail
Local restaurant moving to JMF rental building in downtown Maplewood

A popular restaurant in Maplewood is relocating within the township after leasing 4,500 square feet at the base of a recently completed apartment building.

Retail
Vantage Commercial: New restaurant coming to Marlton shopping center

A local restaurateur has signed a lease at a Burlington County shopping center, in a newly completed transaction by Vantage Commercial.

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Real Estate NJ’s 2021 Market Forecast

After a year like no other, New Jersey’s commercial real estate industry is eager to turn the page. But many believe the pandemic’s impact will be felt for months if not years to come. As always, we’re here to help you make sense of it all with the help of some top developers, service providers and thought leaders. You can find their predictions for the year ahead and more in our special 2021 Market Forecast.