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
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.

Retail
LMC adds leasing rep for northern, central New Jersey retail centers

Levin Management Corp. has announced a new addition to its leasing team to oversee several retail properties in northern and central New Jersey.

People
Connell announces three additions to culinary team at Berkeley Heights campus

The Connell Co. has unveiled three key additions to the culinary team at its sprawling business and hospitality campus along Interstate 78 in Union County.

Retail
Jersey City plans $6.7 million overhaul of downtown pedestrian plaza

A nearly $7 million upgrade is coming to a key pedestrian plaza in downtown Jersey City, the latest in a series of streetscape improvements announced by local officials.

Retail
Flemington touts new business attraction amid ongoing economic development planning

More than a dozen new businesses opened in Flemington last year, helping to boost the borough’s retail scene as local leaders take a coordinated approach to economic development.

Retail
Net-leased Home Depot property in Bloomfield sells for $16.4 million

A real estate investment trust has sold a triple-net-leased Home Depot property in Bloomfield for more than $16 million, under a newly completed transaction by JLL.