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.

Joint venture signs lease, breaks ground on new 150,000 sq. ft. Costco in Bayonne

Developers have broken ground on a new Costco Wholesale store and gas station in Bayonne that will serve as the retail anchor for a new mixed-use project on Route 440.

Hanson inducted into New Jersey Hall of Fame

Jon F. Hanson, the revered founder of The Hampshire Cos., was among those inducted Sunday night into the New Jersey Hall of Fame, joining nearly two dozen business leaders, entertainers, public servants and others who made up the organization’s 2017 class.

Professional Services

LMC adds new VP of construction, development

Levin Management Corp. has bolstered its in-house team with the addition of a new vice president of construction and development.

Residential & Mixed Use

Daycare academy leases 4,600 sq. ft. at Jersey City rental tower

A new daycare business has leased space at a recently opened, luxury high-rise apartment building in Jersey City’s Liberty Harbor North neighborhood.

Residential & Mixed Use

Developer details plans for ex-Colgate site in Morris County

JMF Properties has unveiled plans for transforming the former Colgate-Palmolive industrial campus in Morris County, where it has been named redeveloper of the 64-acre site.

Wawa property trades for $5.5 million in Mercer County

A private real estate investment trust has sold a newly built Wawa and gas station property in Mercer County, in a $5.5 million sale announced Tuesday by Marcus & Millichap.

Finance & Capital Markets

Progress: $2.8 million loan funds Monmouth County retail purchase

Progress Capital Advisors has secured nearly $2.8 million in financing for a client to acquire an 18,150-square-foot shopping center on Route 35 in Neptune.

Advance welcomes H Mart to Paramus retail center (SLIDESHOW)

H Mart has opened the doors to a new 25,000-square-foot supermarket on Route 17 in Paramus, its first in the borough and its latest in Bergen County.

SJP, Aetna announce 2 million sq. ft. redevelopment plan for Newark

SJP Properties and Aetna Realty have unveiled plans for a project in Newark that could deliver up to 2 million square feet of commercial and residential space at the city’s Broad Street station.

Professional Services

Retail broker joins CBRE as vice president in New Jersey

CBRE has added to its roster of retail brokers in New Jersey with one of its latest hires.