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.

Retail
Church acquires site of former ski, outdoor sports shop in Cherry Hill

A congregation has acquired the longtime home of an outdoor sports business in Cherry Hill, in a newly completed transaction by Wolf Commercial Real Estate.

Retail
Marcus inks $1.6 million sale of net-leased mattress store property

A private seller has reaped $1.6 million from the sale of a retail property on Long Island, in a transaction by Marcus & Millichap’s New Jersey office.

Government & Public Policy
Resident protection bill would have ‘devastating’ impact on property taxes, operations, NJAA says

The state Assembly has passed a bill that would shield residents from eviction and require landlords to create payment plans for past due rent during the pandemic, drawing renewed criticism from the apartment industry.

Residential & Mixed Use
Walters opens fifth building, marks completion of Manahawkin rental complex

Walters has completed construction on the last of five buildings at a 60-unit, income-restricted apartment community in Ocean County.

Retail
Larken, law firm ink 2,700 sq. ft. lease in Raritan Borough

Larken Associates is welcoming a new tenant to a Somerset County shopping center, having signed a 2,700-square-foot lease with a personal injury law firm.

Editor’s Note
A fresh look

You wouldn’t know it by the last four months, but major news stories are always prone to ebbs and flows. The federal Opportunity Zone program is a case in point when it comes to commercial real estate publications. The investment vehicle has been all the rage at various points since it was created in late 2017, only to take a step back as buzz died down.

Office
Kearny Point expands selection of private offices as tenants seek safety, control

Hugo Neu Corp. has unveiled a collection of about 200 private offices at its Kearny Point campus, providing an option for tenants seeking an alternative to the crowded, collaborative spaces that run counter to social distancing guidelines.

Industrial
Tulfra breaks ground on self-storage project at Rochelle Park redevelopment site

Tulfra Real Estate has started construction at the site of a self-storage facility in Rochelle Park, part of a plan to redevelop a former AT&T data center site near Route 17.

Finance & Capital Markets
Pandemic slows first-half investment sales in northern, central New Jersey, DiLeo-Bram says

Commercial real estate investors across five New Jersey counties took a cautious approach during the coronavirus outbreak, as transaction volume fell through the first half of the year.

Office
Hoboken developer, property manager unveils framework for safe return to work

A longtime developer and property manager in Hoboken is rolling out new guidelines to help its commercial tenants and corporate employees return to work safely and confidently.