Retail

The New Jersey retail landscape has changed, but the spending power of its residents hasn’t. Owners of malls, shopping centers and mixed-use projects will continue to adapt and invest in the state.

Retail

Port Authority taps Grid as retail agent for Journal Square station

The Port Authority of New York and New Jersey has hired Grid Real Estate LLC as the retail leasing agent for the busy Journal Square Transportation Center in Jersey City.

Professional Services

Sheldon Gross tapped to manage Union County office, retail properties

Sheldon Gross Realty has expanded its property management portfolio with the addition of two commercial spaces in Union County.

Government & Public Policy

Recreational cannabis sales in New Jersey set to begin April 21, regulators says

Sales of adult use recreational marijuana in New Jersey are slated to begin in less than a week after state officials approved the expansion of several existing medical dispensaries.

Finance & Capital Markets

Lender provides $7.9 million for plans to convert Montclair, Clifton commercial buildings

A national private direct lender has closed nearly $8 million in financing for projects that will reposition vacant buildings in Montclair and Clifton.

Retail

Azarian details Q1 deals with food, retail tenants across New Jersey portfolio

A fast-growing cookie franchise has leased nearly 2,000 square feet of retail space in Middlesex County, in one of several first-quarter transactions by Azarian Realty Co.

Retail

Wharton Realty buys 517,000 sq. ft. power center in Gloucester County

An Eatontown-based firm has acquired a nearly 520,000-square-foot retail center in the Gloucester County township of Deptford, in a transaction arranged by JLL.

Industrial

Marcus Partners adds light industrial, movie theater properties in Morris County

Investment firm Marcus Partners has acquired four commercial properties in East Hanover, adding nearly 155,000 square feet to its New Jersey portfolio.

Retail

North Bergen mixed-use property sold for $740,000

A personal trust has sold a 2,400-square-foot mixed-use property in Hudson County for $740,000, according to a brokerage team with Marcus & Millichap.

Retail

Vantage Commercial: Bar, lounge owner buys Pennsauken property for new location

A bar and lounge owner is eyeing a new location after its purchase of a restaurant property in Pennsuaken, brokers with Vantage Commercial announced Thursday.