Joshua Burd

12959 Articles0 Comments

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.

Industrial

NAI Mertz inks 23,000 sq. ft. industrial, flex sale in Vineland

A glass and door business has sold a nearly 23,000-square-foot commercial property in Vineland, under a newly announced transaction by NAI Mertz.

Industrial

Woodmont completes 255,000 sq. ft. renewal at Georgia industrial building

Woodmont Industrial Partners has secured a key renewal outside New Jersey, inking a nearly 255,000-square-foot commitment with a logistics firm at a property south of Atlanta.

Retail

Grocery-anchored center in Denville trades for $23 million, C&W says

An investment firm has acquired a grocery-anchored shopping center in Denville for more than $20 million, under a newly announced sale by Cushman & Wakefield.

Finance & Capital Markets

CMC inks $11 million refi for 35-unit rental project in Fanwood

The owner of a newly completed, 35-unit apartment building in Fanwood has refinanced for $11 million, in a transaction arranged by Commercial Mortgage Capital.

Health Care & Education

Atkins sells 39,000 sq. ft. medical office building in West Orange

Atkins Cos. has sold a 38,500-square-foot medical office building in West Orange, marking the culmination of what it says is a 20-year investment in the property.

Finance & Capital Markets

Kennedy Funding closes $1.5 million loan for Detroit medical facility

Kennedy Funding has closed a $1.5 million loan for the owner of a health care facility in Detroit, where plans include using the site for testing and treating COVID-19 patients.

Office

NKF: Large deals boosted Q1 office market, with COVID-19 impact now looming

New Jersey’s office market saw two major leases and a pair of blockbuster sales in the first quarter, headlining an active start to the year before the onset of the coronavirus crisis.

Residential & Mixed Use

Russo launches virtual tours at Union rental project

With interest still strong at its new luxury rental complex in Union, Russo Development has launched a virtual leasing platform to help maintain that momentum.

Deals

NAI Hanson inks 1,300 sq. ft. medical office lease in Fair Lawn

A spiritual healing center has leased nearly 1,300 square feet at a medical office building in Fair Lawn, under a newly announced transaction by NAI James E. Hanson.

The virus that is radically reshaping our world

My original plan for this Earth Day was to report on New Jersey’s sustainability challenge and how commercial real estate is adapting to natural, governmental and market forces. Given the magnitude and velocity of the COVID-19 disruption that is hourly reshaping our economy, industry and very existence, that plan quickly evaporated. Instead, this piece discusses the general impact of COVID-19 on our economy, and how CRE developers, owners, asset managers and affiliated professionals are meeting these challenges, assisting in relief efforts and informing government at all levels on how best to navigate their strategic response.