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
On the ground

As you’ll read in this month’s cover story, the firm known as SILVERMAN is marking its latest milestone in Hamilton Park with a new mixed-use project just off the five-acre green space. Known as Swift & Co., the nine-story building houses 59 apartments and 80,000 square feet of commercial space that’s now fully leased to a mix of office and retail users, plus an upscale, 20,000-square-foot coworking lounge that’s home to dozens of other entrepreneurs and much-needed event space for the community. It’s the Silverman brothers’ latest addition to a neighborhood where they’ve built some 500 residential units and 150,000 square feet of commercial space over 35 years, doing so with a highly visible, hands-on style and high level of engagement with their tenants that has fostered an ecosystem where many residents live and work.

Office
MetLife leases 181,000 sq. ft. at Warren campus owned by Vision, Rubenstein

Insurance giant MetLife is headed to Warren Corporate Center in Somerset County, where it will lease nearly 181,000 square feet of office space alongside several other blue-chip tenants.

Hospitality & Tourism
JLL: Hilton Short Hills owner seeking buyer for 314-key property

The 314-key Hilton Short Hills, a well-known property and business destination in one of the state’s top suburban locations for office space, is on the market for sale.

Industrial
Rockefeller, MBK Real Estate to build 2 million sq. ft. logistics park in Central Pennsylvania

Rockefeller Group is expanding to Central Pennsylvania with more than 2 million square feet of new industrial space to be built by its regional development team based in Morristown.

Residential & Mixed Use
New 60-unit Wharton property fully rented after redevelopment project by Diversified

Diversified Properties LLC has completed its lease-up of a new 60-unit luxury apartment building in Wharton just months after unveiling the project.

Retail
Net-leased daycare center property in Parsippany sells for $4.3 million, Marcus says

A private investor has purchased the site of a net-leased daycare center in Parsippany for $4.3 million, brokers with Marcus & Millichap announced last week.

Office
JLL: Exchange operator MIAX signs 94,000 sq. ft. lease renewal at Princeton-area campus

A securities exchange company has signed a lease renewal at a Princeton-area office building, where it occupies more than 94,000 square feet under a deal with Signature Acquisitions.

Government & Public Policy
Towns file federal lawsuit over New Jersey affordable housing law, adding to state litigation

The coalition of towns seeking to undo New Jersey’s new affordable housing law is taking its case to federal court, arguing the framework violates the Constitution’s equal protection clause.

Professional Services
LMC hires Oliver, seasoned real estate accounting executive, as CFO

Levin Management Corp. has appointed Jeanette Oliver as chief financial officer, adding another highly accomplished and experienced professional to its executive team.

Residential & Mixed Use
Cervelli: Five-unit rental building changes hands on Jersey City’s West Side

A local investor has purchased a five-unit apartment building in Jersey City’s West Side neighborhood, according to a team with Cervelli Real Estate and Property Management.