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.

Residential & Mixed Use
Marcus: Investor buys Somerville property with 10 apartments, retail space for $4.2 million

An investor has acquired a nearly 18,000-square-foot mixed-use building in downtown Somerville for $4.2 million, in a newly announced deal by Marcus & Millichap.

Finance & Capital Markets
Fernmoor snags $29 million bridge loan to refi 144-unit rental project in Winslow, CBRE says

A homebuilder has landed a $29 million bridge loan for a 144-unit multifamily property in suburban Camden County, according to a debt placement team with CBRE.

Industrial
NAI Hanson inks sale of 11,000 sq. ft. industrial flex building in Irvington

A new business is coming to a nearly 11,000-square-foot industrial building in Irvington after a recent sale of the property, in a deal arranged by NAI James E. Hanson.

Professional Services
Construction veteran Cortese joins Structure Tone as senior project manager

Structure Tone has hired Michael Cortese as a senior project manager with its New Jersey team.

Residential & Mixed Use
LCOR buys Jersey City development site from Veris Residential, eyes new high-rise project

LCOR Inc. has secured a nearly two-acre development site in downtown Jersey City, acquiring the parcel from Veris Residential Inc. in a $54 million deal arranged by JLL.

Industrial
Carrier Enterprise takes 78,000 sq. ft. at new Piscataway industrial building, LMC says

HVAC distributor Carrier Enterprise has leased a newly completed, 78,000-square-foot industrial building in Piscataway to become the latest user at the township’s Rutgers Industrial Center.

Professional Services
Mars candy, food research hub in Hackettstown among newest projects by Stone Creek

Candy giant Mars has unveiled its newly renovated, 16,000-square-foot innovation hub in Hackettstown, following a project spearheaded by Stone Creek Construction Group.

Finance & Capital Markets
Ease Capital, AIRN close $32 million loan for 97-unit rental project in West New York

AIRN Management has landed $32 million in construction takeout financing for its new 97-unit multifamily property in West New York, according to the lender in the deal.

Editor’s Note
Bearing fruit

I’m as guilty as anyone of overusing words like “transformative” when it comes to major redevelopment projects. But it seems in some instances like there’s no avoiding it. A case in point is a plan for Woodbridge’s Metropark train station, where surface parking lots will become a new office and ambulatory care center spanning nearly 250,000 square feet, as well as 235 luxury apartments and retail space. If you ask me, that seems transformative enough.

Our cover story this month is a deep dive on that project, which Hackensack Meridian Health unveiled in early March alongside Gov. Phil Murphy and a team that includes Russo Development, Onyx Equities and Dinallo Development.

Industrial
Rockefeller Group project in Carneys Point taking shape with construction underway on two-building, 1.1 million sq. ft. logistics center

Two new warehouses are rising along Route 40 in Salem County, under a project by Rockefeller Group that will add more than 1 million square feet to the fast-growing industrial submarket.