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
CBRE adds vice president to New Jersey debt and finance team

CBRE announced Tuesday that Thomas Didio has joined its Saddle Brook-based debt and structured finance team as a vice president.

Industrial
Elberon acquires 65,000 sq. ft. Hillside warehouse, plans other deals in 2019

Elberon Development Group has acquired a 65,000-square-foot warehouse and distribution center in Hillside, the first of what could be several upcoming additions to its portfolio.

Residential & Mixed Use
Newark affordable housing complex sells for $47.5 million

Jonathan Rose Cos. has sold a 360-unit, age-restricted affordable housing property in Newark for more than $47 million, according to brokers involved with the transaction.

Industrial
Robbinsville warehouse trades for $13.5 million, JLL says

A national investment firm has made another addition to its New Jersey portfolio, acquiring a nearly 88,000-square-foot warehouse and manufacturing facility in Robbinsville.

Office
CBRE: Investor buys LVMH headquarters building in Springfield for $13 million

The Springfield office building that is home to LVMH Moët Hennessy Louis Vuitton SE, the French luxury goods conglomerate, has changed hands for $13.3 million.

People
Homestake Capital announces new director

Homestake Capital has hired a new director to help the firm add to its development and investment pipeline.

Retail
Goldstein Group: Enterprise takes 14,000 sq. ft., backfills Wayne dealership site

Enterprise Rent A Car is slated to open a new refurbishment facility in Wayne after agreeing to lease 14,000 square feet, brokers with The Goldstein Group said Monday.

Retail
Owner of former Mahwah daycare site inks 9,800 sq. ft. office lease

An office user has backfilled a former daycare center in Mahwah, under a nearly 10,000-square-foot transaction brokered by NAI James E. Hanson.

Retail
C&W: Advance, Invesco sell 75,000 sq. ft. retail center in Paramus

Advance Realty and Invesco Real Estate have sold a 75,000-square-foot, grocery-anchored retail property on Route 17 in Paramus, in a deal arranged by Cushman & Wakefield.

Government & Public Policy
The changing landscape of stormwater management: New rule will require innovative techniques

On Dec. 3, the New Jersey Department of Environmental Protection published amendments to the state’s Stormwater Management Rule (NJAC 7.8) that, when adopted, will change fundamentally the way stormwater management systems are designed in New Jersey. The key amendment will replace the existing requirement, which asks developers to incorporate so-called non-structural strategies “to the maximum extent practicable,” with a firm requirement to use a technique known as green infrastructure in new development.