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.

Finance & Capital Markets
Kennedy Funding lends $3 million for Florida hospitality, entertainment project

A developer has acquired more than 100 acres along Florida’s Gulf Coast thanks to a newly completed, $3 million loan provided by Kennedy Funding.

People
Larken names new director of finance

Larken Associates has hired a veteran accounting manager as its new director of finance.

Residential & Mixed Use
Developer launches site work, proceeds with adaptive reuse of historic Paterson complex

A developer is moving ahead with a sweeping adaptive reuse plan in Paterson, where it hopes to transform a historic industrial complex into a destination for residents and businesses.

Professional Services
Dobco taps Kimmerle Newman Architects to help reposition ex-Toys R Us campus

The owner of the former Toys R Us headquarters site in Wayne has hired Kimmerle Newman Architects to help it reinvent the three-building, 191-acre office campus.

Retail
Net-leased retail property in Burlington fetches $1.3 million, Marcus says

A private investor has acquired a net-leased dollar store property in Burlington County for $1.3 million, under a newly announced transaction by Marcus & Millichap.

Retail
Goldstein Group inks 19,000 sq. ft. strip center sale in Pompton Plains

An area landlord has sold a nearly 19,000-square-foot strip center in Pompton Plains, under a newly announced transaction by The Goldstein Group.

Retail
Marcus completes sale of net-leased retail property in Orlando

An investor has paid more than $4 million to purchase a net-leased Walgreens property in Orlando, in a transaction arranged by Marcus & Millichap’s New Jersey office.

Finance & Capital Markets
Investors Bank touts $90 million in New Jersey loans among recent CRE activity

Investors Bank has closed nearly a dozen commercial real estate loans valued at $227 million in recent months, including more than $90 million in transactions for its New Jersey clients.

Professional Services
R.J. Brunelli broker, son of company founder, named principal

A third member of the Brunelli family has joined the ownership ranks at R.J. Brunelli & Co., the Old Bridge-based retail real estate brokerage firm.

Top News
A look at NAIOP New Jersey’s Deal of the Year finalists

Nine of the state’s most impactful development projects will take center stage Wednesday night as NAIOP New Jersey hosts its annual commercial real estate awards gala.