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.

Editor’s Note
Taking cues

Newark’s dedicated blue-chip employers and anchor institutions have virtually all expanded or made commitments to grow, leading to billions of dollars’ worth of new commercial development. It’s a major reason why developers believe the time is right to, once and for all, bring new market-rate apartments to Newark’s central business district.

Finance & Capital Markets
South Jersey shopping center owner refinances for $22 million, Progress says

The owner of a 176,000-square-foot shopping center in Camden County has refinanced the property for more than $22 million, under a new transaction by Progress Capital.

Industrial
Prologis eyes late summer delivery for 913,000 sq. ft. industrial project in Burlington

Prologis will soon deliver nearly 1 million square feet of new industrial space in Burlington, seeking to tap into the demand from large users in a state with a still-limited supply of modern logistics buildings.

Government & Public Policy
EDA reviewing tax credit awards to Teva, Norcross-linked firms

A state agency is looking into six companies that were awarded tax credits under New Jersey’s beleaguered incentive programs, including a global drug manufacturer and several firms with ties to George E. Norcross III, the powerful South Jersey Democratic leader.

Finance & Capital Markets
Valley National to acquire Oritani for $740 million

Valley National Bancorp has moved to expand its foothold in Bergen and Hudson counties, agreeing to acquire Oritani Financial Corp. for an estimated $740 million.

Retail
C&W: Gym concept inks 15,000 sq. ft. lease in Morris County

A global fitness franchise has inked plans to open a new 15,000-square-foot location in Riverdale, where it is backfilling the anchor space at a Route 23 shopping center.

Industrial
Clothing wholesaler takes 26,000 sq. ft. in Moonachie, NAI Hanson says

A clothing wholesaler is relocating within Bergen County to a new warehouse and distribution center, under a newly completed lease by NAI James E. Hanson.

Industrial
Crow Holdings launches 925,000 sq. ft. warehouse project, its first in New Jersey

Crow Holdings Industrial has broken ground on a 925,000-square-foot warehouse project in Franklin Township, its first New Jersey project after entering the market last year.

Top News
Developers, officials mark opening of 236-unit rental project in Weehawken

A model unit at Harbor 1500 in Weehawken — Courtesy: The Maxal Group and Hartz Mountain Industries By Joshua Burd A joint venture has unveiled a new 236-unit luxury apartment building in Weehawken, marking the latest addition to the town’s…

Residential & Mixed Use
Claremont, turning its focus to development, will merge construction business with Buffalo firm

Claremont Cos., a Far Hills-based developer and general contractor, is handing off its construction business to a new partner in order to focus on its own fast-growing pipeline.