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.

People
Investment sales broker rejoins Colliers’ New Jersey team

An investment sales broker has rejoined Colliers International, where he will focus on business development and transactions throughout New Jersey and the tristate region.

Retail
Cabinet maker acquires Camden County retail property, Vantage RES says

A cabinetry business has acquired a 3,150-square-foot retail building in Camden County, under a newly announced transaction by Vantage Real Estate Services.

Sponsored Content
Morristown’s transformation set to continue with new office, residential projects

Morristown has become one of New Jersey’s premier transit-oriented areas situated within a unique urban/suburban setting. Morristown’s 24/7 vibrant downtown is defined by its walkable and rapidly growing retail and residential developments. The heart of the commercial corridor surrounds the Morristown Green, a two-and-a-half-acre park that is bordered by upscale housing, office towers along with many restaurants and shopping options, attracting a high concentration of millennials.

Finance & Capital Markets
REIT acquires Hoboken retail, rental portfolio, reportedly for $203 million

A joint venture has acquired a 39-building, mixed-use portfolio in Hoboken, brokers with Newmark Knight Frank announced, in a deal reportedly valued at more than $200 million.

Retail
Goldstein Group inks 7,800 sq. ft. retail sale in Midland Park

A nearly 8,000-square-foot retail building in Midland Park has changed hands, under a newly announced transaction by The Goldstein Group.

Residential & Mixed Use
Final phase of Wood-Ridge transit village project secures site plan approval

A development team has secured a key approval for the final piece of a long-running plan to transform a piece of the former Curtiss-Wright aircraft plant in Wood-Ridge.

Retail
C&W: Salon suite chain adds new locations in Parsippany, Woodbridge

A beauty salon co-working concept has continued its rapid expansion in the region, leasing five new locations in New Jersey and New York for a combined 47,000 square feet.

Government & Public Policy
East Brunswick, developer uniting around common goal — transforming Route 18

A new public-private alliance has emerged in East Brunswick, where local leaders and a development team have united to revive a stretch of blighted retail property on Route 18.

Residential & Mixed Use
Newmark: Buyer of 14,000 sq. ft. Rahway property eyes new retail, apartments

An investor has acquired a mixed-use building in Rahway’s growing arts district, where it’s now weighing plans for new commercial space and residential units.

Retail
Monmouth County retail property sells for $3.9 million, Marcus says

A private buyer has paid nearly $4 million for a 12,000-square-foot retail property in Monmouth County, in a newly completed transaction by Marcus & Millichap.