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.

Residential & Mixed Use
KRE Group opens nearly 400 units in Jersey City

Kushner Real Estate Group has leased more than two-thirds of a new 397-unit apartment building in Jersey City, as the firm joined local officials last week to mark the opening of the property.

Retail
DSW takes 19,000 sq. ft. at new Parsippany shopping center

DSW is joining the tenant roster at a new 150,150-square-foot shopping center in Parsippany, where it has committed to more than 19,000 square feet.

Retail
Investor pays $8.5 million for Millburn medical office building

A two-story medical office building in Millburn has changed hands for $8.5 million, following a sale arranged by Marcus & Millichap.

Finance & Capital Markets
Developers land $64 million loan for Hoboken ‘Wonder Lofts’ project

A joint venture has closed on a $64 million loan for its plans to convert a historic Wonder Bread factory in Hoboken into an 89-unit luxury residential building.

Finance & Capital Markets
Progress closes $4.2 million loan for South Bronx project

Progress Capital Advisors has brokered more than $4 million in financing for the developer of a seven-unit luxury residential complex in the South Bronx, the Tinton Falls-based firm said.

People
Denholtz touts new hire for acquisitions, development team

Denholtz Associates has made another addition to its team with the hiring of a new acquisitions and development associate.

Retail
Livingston retail center trades for $5.9 million, Marcus says

A private investor has acquired a 7,840-square-foot retail property in Livingston, in a $5.9 million deal announced Tuesday by Marcus & Millichap.

Retail
Bank takes ex-restaurant space in Sayreville, Goldstein Group says

Chase Bank has leased more than 3,500 square feet in Sayreville, where it is taking the location of a former chain restaurant off Route 9.

Retail
Martial arts school acquires Florham Park bank building, NAI Hanson says

A former bank building in Florham Park will be the new home of a martial arts school, following a sale arranged by brokers with NAI James E. Hanson.

Professional Services
Heller: Avison Young eyeing continued growth in New Jersey

Avison Young has not looked back since entering New Jersey with a splash in 2012 — and the real estate services firm has its sights set on continued growth in the state.