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
LMC announces promotions on leasing, legal teams

Levin Management Corp. has made three promotions on its team, citing continued momentum for its commercial real estate services platform.

Retail
Dumont retail, office property trades for $5.9 million

A private investor has paid nearly $6 million to acquire a retail and office property in Bergen County, according to a brokerage team with Marcus & Millichap.

Finance & Capital Markets
Landlord inks $18 million loan for tristate retail, office portfolio, Meridian says

The owner of a retail and office portfolio in New Jersey and New York City has secured $18 million in financing for the properties, under a deal arranged by Meridian Capital Group.

Retail
Vantage Commercial inks sale of former auto repair shop in Camden County

The site of a former auto repair shop in Camden County has changed hands, in a deal arranged by brokers with Vantage Commercial.

Retail
Marcus: Net-leased childcare center in Monmouth fetches $3.3 million

An investor has purchased the site of a net-leased childcare center in Manasquan for nearly $3.3 million, in a newly announced deal by Marcus & Millichap.

Top News
The best of The Briefing 2021

Dear readers, As we look ahead to 2022, we’re excited to look back at our top stories of 2021, including our most-read items and a few editor’s picks. You can catch up on our daily “best of” emails below. Happy…

Finance & Capital Markets
Cronheim sources $19 million loan for Whole Foods-anchored center in West Windsor

The owner of a grocery-anchored retail center in West Windsor has landed $19 million in permanent financing, in a deal arranged by Cronheim Mortgage.

Retail
Lease for new 4,600 sq. ft. tapas restaurant among latest Hoboken deals by Ripco

A restaurant group has expanded its footprint with a nearly 4,600-square-foot Spanish tapas eatery in northwest Hoboken, according to a brokerage team with Ripco Real Estate.

Retail
Leases by CityMD, SportsMed among newest New Jersey deals by Goldstein Group

CityMD is expanding its footprint in New Jersey with a nearly 4,000-square-foot lease in Bergen County, in one of several newly announced deals by The Goldstein Group.

Retail
Korean restaurant to join new dining, retail tenants at Newark’s Gateway, Onyx says

An acclaimed local restaurateur is coming to Newark’s Gateway Center, in one of several newly announced additions to the office complex’s revamped retail and dining space.