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
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.

Industrial
Pennsauken industrial buildings sell for $3.15 million

Two Pennsauken industrial buildings totaling 55,000 square have changed hands for more than $3.1 million, following a sale arranged by Colliers International.

Finance & Capital Markets
Procida touts $1.75 million loan for Toms River boat repair facility

Procida Funding & Advisors LLC has closed on $1.75 million in financing for the owner of a boat repair facility and marina in Toms River.

Residential & Mixed Use
Atlantic Realty begins construction for 1,200-unit town center project in Ewing (UPDATED)

Atlantic Realty Development Corp. has broken ground on a project that will bring nearly 1,200 apartments and 120,000 square feet of commercial space to the former site of a General Motors plant in Ewing.