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.

Finance & Capital Markets
Procida inks $7 million loan for Bergen banquet hall

Procida Funding & Advisors has provided a $7 million loan for a Bergen County catering hall to consolidate existing debt and complete minor upgrades.

Office
WCRE brokers sale of Cherry Hill office building

A freestanding medical office building in Cherry Hill has changed hands, following a sale arranged by Wolf Commercial Real Estate.

Professional Services
For LSRPs, a steady pipeline for years to come

Michael Novak, president of Atlantic Environmental Solutions Inc. in Hoboken — Courtesy: AESI The Licensed Site Remediation Professional program has undoubtedly eased the state’s backlog of contaminated sites. In the years to come, that volume could be a fraction of the…

Editor’s Note
The best of The Briefing 2018

As we wind down the year, we’re excited to bring you a recap of our top stories of 2018, including our most-read items and a few editor’s picks. You can catch up on our daily “best of” emails below. We will also keep you updated in the event of any breaking news.

Government & Public Policy
Hampshire acquires Hackensack site, its first Opportunity Zone investment

The Hampshire Cos. has made its first investment under the federal Opportunity Zone program, acquiring a parcel near Hackensack University Medical Center that it will redevelop as part of a joint venture.

Residential & Mixed Use
East Orange developer details plans for 201-unit apartment tower

A developer is on track to break ground on a new 18-story luxury residential tower in East Orange after winning approval for a payment in lieu of taxes agreement.

Industrial
Stro touts purchase of Woodland Park industrial buildings

The Stro Cos. has closed on a two-building, 100,000-square-foot industrial portfolio in Woodland Park, its third acquisition in the past nine months.

Retail
7-Eleven opens new store in Denville, Zoltek says

A new 7-Eleven has opened its doors near downtown Denville, following a lease arranged by Zoltek Realty.

Industrial
JLL: Burlington industrial building trades for $10.7 million

A national investment firm has expanded its holdings in New Jersey, acquiring a 174,000-square-foot industrial building in Burlington County.

Government & Public Policy
Kearny Point, Bell Works among sites eligible for EDA rent grants for startups

The state has approved nine locations at which technology or life sciences startups can apply for rent support grants that would help them move into incubators, accelerators or co-working spaces, including some of New Jersey’s largest redevelopment projects.