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.

Retail
Japanese fast casual chain coming to Newark rental building, Paramount says

Paramount Assets has attracted another retailer to its new boutique apartment building in Newark, inking a 1,500-square-foot lease with a Japanese fast casual concept.

Professional Services
REDCOM launches auto dealership renovation in Englewood Cliffs

REDCOM Design & Construction has kicked off the renovation of a Toyota dealership in Englewood Cliffs, with completion slated for later this year.

Industrial
NKF: Food manufacturer expands, takes 200,000 sq. ft. in Parsippany

A food company has leased more than 200,000 square feet in Parsippany, with plans to use the space as the site of its newest manufacturing and distribution facility in New Jersey.

Industrial
New owner plans upgrades at 81,000 sq. ft. warehouse in Avenel

An investment firm has acquired an 81,000-square-foot warehouse in the Avenel section of Woodbridge, under a newly announced transaction by Lee & Associates.

Residential & Mixed Use
Rock climbing gym coming to rehabbed New Jersey Bell tower in Newark

Newark’s first rock climbing gym is set to open early next year, bringing a new amenity to the city and to a historic tower that is now home to more than 260 apartments.

Retail
C&W: Canadian wellness concept enters New Jersey, takes 6,200 sq. ft. in Paramus

A wellness concept for parents and children will make its debut in New Jersey later this year after inking a 6,200-square-foot lease at a Paramus retail property.

Residential & Mixed Use
Cervelli inks sale of nine-unit rental property in Weehawken

A local operator has sold a nine-unit apartment building in Weehawken, in a transaction announced Thursday by Cervelli Real Estate & Property Management.

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.