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
Hoboken landlord announces 16 new leases across retail, office portfolio

A locally based developer and property owner has announced 16 new commercial leases across its Hoboken portfolio, bringing a host of new businesses to the Mile Square City.

Retail
NAI DiLeo-Bram: Korean eatery takes 2,200 sq. ft. at mixed-use Somerville building

A homestyle Korean restaurant has leased nearly 2,200 square feet at a historic building in downtown Somerville, according to brokers with NAI DiLeo-Bram & Co.

Government & Public Policy
New grants for New Jersey towns, cities could boost redevelopment opportunities

Business leaders are cheering the passage of a new economic development incentives law in New Jersey, following a two-year battle in Trenton and the added uncertainty of the pandemic. Yet some stakeholders are pointing to a far less heralded, less contentious piece of the New Jersey Economic Recovery Act as a key tool for spurring new investments around the state.

Retail
LMC: Under new ownership, seafood market signs 1,500 sq. ft. lease in Westfield

A local seafood market has inked a 1,500-square-foot lease at a freestanding building in Westfield, in a transaction arranged by Levin Management Corp.

Health Care & Education
Prism taps Newmark Associates to lease health care space at West Orange project

Prism Capital Partners has picked Newmark Associates as its leasing agent for health care and medical office space at its 21-acre, mixed-use Edison Village project in West Orange.

Retail
CBRE: Auto dealership chain inks $55 million sale-leaseback in New Jersey, Pennsylvania

An automotive group has completed a $55 million sale-leaseback involving a series of dealerships and other buildings in New Jersey and Pennsylvania, in a deal arranged by CBRE.

Government & Public Policy
New Jersey legalizes cannabis in long-awaited move with social justice, economic impacts

Adult use of cannabis is now legal in New Jersey, cementing a key piece of Gov. Phil Murphy’s agenda and paving the way for what could be an impactful industry for commercial real estate.

Finance & Capital Markets
JLL makes two promotions on New Jersey capital markets team

JLL has announced two promotions within its New Jersey capital markets office.

Retail
Newark: Onyx picks Pierson Commercial as retail agent at new-look Gateway

As it continues its overhaul of Newark’s Gateway Center, Onyx Equities has tapped Pierson Commercial as its leasing agent for what will be the complex’s redeveloped retail space.

Retail
NAI Hanson: Bogota Savings finds new branch, headquarters location in Hasbrouck Heights

A locally based bank has acquired a vacant 15,390-square-foot building in Hasbrouck Heights, with plans to use the space for both a new branch and its corporate headquarters.