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
Team Resources broker promoted to vice president

Team Resources Inc. has promoted one of its brokers to vice president, the Lyndhurst-based commercial real estate agency announced this week.

Retail
Moorestown retail center trades for $5.4 million, Rose Commercial says

An investor has acquired a nearly 25,000-square-foot shopping center in Moorestown, under a $5.4 million transaction arranged by Rose Commercial Real Estate.

Industrial
JLL: With demand unrelenting, ‘banner’ Q4 sets up blockbuster year for N.J. industrial market

E-commerce users led the charge in fourth-quarter industrial leasing in New Jersey, setting up what could be another record-setting year for owners and developers of logistics space.

Professional Services
CBRE hires new senior vice president for New Jersey brokerage, advisory team

CBRE has added to its New Jersey-based brokerage and advisory team with the hiring of a new senior vice president.

Top News
CBRE inks $123 million sale of Hackensack office campus, touts year-end flurry

A joint venture has sold a well-known office complex in Hackensack for $123 million, in the largest of four year-end investment sales in New Jersey by CBRE’s institutional properties team.

Government & Public Policy
Normandy closes on Jersey City, Hackensack projects under Opportunity Zone fund

Normandy Real Estate Partners has closed on two transactions under the federal Opportunity Zone program, as it touts a milestone in its effort to raise $250 million for such investments.

Industrial
Duke names new senior VP for Northeast operations

Duke Realty Corp. has named a new executive in the region, tapping one of its longest-tenured employees to help lead its efforts in New Jersey and Pennsylvania.

Residential & Mixed Use
Gebroe-Hammer touts $1.9 billion in 2019 sales, hailing ‘record-shattering’ year

Gebroe-Hammer Associates completed nearly $2 billion in multifamily sales in 2019, citing unrelenting demand from investors and continued momentum at the start of 2020.

Finance & Capital Markets
Progress sources $85 million loan for Bronx historic rehab project

The owners of a refurbished historic warehouse building in the Bronx have refinanced the property for $85 million, under a newly announced transaction by Progress Capital.

Industrial
Denholtz signs 9,000 sq. ft. lease at East Brunswick flex complex

Denholtz Properties has signed a new 9,000-square-foot lease at a flex industrial complex in East Brunswick, bringing another tenant to the two-building, 84,000-square-foot property.