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
Prism inks lease with Woodbridge salon, its third retail user at new 232-unit apartment building

Prism Capital Partners has signed another retail lease at its new downtown apartment building in Woodbridge, attracting a family-owned salon with deep ties to the central business district.

Professional Services
Deugen welcomes new team members in construction, development roles

Deugen Development has announced four new hires to bolster its development and construction teams.

Retail
Two-way traffic creating “more connected” downtown in Hackensack, experts say

Business leaders in downtown Hackensack are marking one year since the return of two-way traffic on Main Street, touting an uptick in activity from residents and visitors alike.

Professional Services
WCRE adds senior retail broker, facilities manager to Marlton-based team

Wolf Commercial Real Estate has made another key hire, seeking to grow both its facilities services platform and its team of retail brokers in New Jersey and Pennsylvania.

Retail
Eden Wood taps Rarefied as retail agent for 88-acre town center project in Whippany

A developer has picked Rarefied Real Estate Partners to spearhead retail leasing at a mixed-use, 88-acre project that aims to revitalize a historic former industrial site in Hanover.

Retail
Urban Edge retail center in Kearny draws six new tenants, reaching full occupancy

Urban Edge Properties has reached full occupancy at a newly redeveloped shopping center in Kearny, welcoming five new tenants to the nearly 125,000-square-foot property.

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.