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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Life sciences breeding positive momentum in the New Jersey CRE market

The nation’s life sciences sector continues to expand, boosted by technological advancements, growing employment and a strong economy. While Boston and San Francisco remain the country’s main life sciences hub, their tightening inventory and constrained labor force has driven momentum south to the Garden State.

Industrial
CBRE: Appetite for new logistics space in New Jersey among nation’s strongest

Vacancy at newly delivered industrial buildings in New Jersey was among the lowest in the nation in 2019, in yet another sign of the ongoing demand for modern logistics space.

Government & Public Policy
HMFA details $24 million tax credit round, eyeing 1,200 affordable units

Developers in New Jersey have until late July to apply for a share of $24 million in tax credits to help finance affordable housing, under a new timeline announced Wednesday by a state agency.

Professional Services
Colliers hires longtime Princeton real estate exec as managing director

Colliers International has bolstered its Princeton-based brokerage team with the hiring of a longtime industry executive in the area.

Industrial
Trucking firm takes 58,000 sq. ft. at Edison industrial building

A trucking company has leased nearly 60,000 square feet at an Edison industrial building, under a newly announced transaction by Bussel Realty Corp.

Retail
Old Navy inks 12,500 sq. ft. lease at new Parsippany retail center

Old Navy has joined the roster at a newly built shopping center in Parsippany, where it will occupy 12,500 square feet alongside tenants such as Whole Foods Market and Shake Shack.

Government & Public Policy
ACDevco senior project manager joins State Planning Commission

A professional with the Atlantic City Development Corp. is among four new appointees to the New Jersey State Planning Commission, as stakeholders look to re-energize the agency that sets development policy and priorities throughout the state.

Retail
Ex-bank location changes hands in Jersey City Heights, NAI Hanson says

Wells Fargo has sold a two-story former branch location in the Jersey City Heights neighborhood, brokers with NAI James E. Hanson announced Wednesday.

Office
Vision unveils new lobby, roof deck at well-known Morristown office building

Vision Real Estate Partners has taken the wraps off its newly completed overhaul at an office building in downtown Morristown, where it has also debuted a series of new amenities.

Finance & Capital Markets
JLL inks $20.5 million loan for Opportunity Zone acquisition in Jersey City

A fund operated by Columbia Property Trust has secured more than $20 million in financing to acquire a newly completed, 93-unit apartment building in Jersey City.