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
Toys R Us set to liquidate in New Jersey, nationwide

Nearly 30 remaining Toys R Us stores in New Jersey are among more than 700 that will likely close or be sold nationwide, as the chain succumbs to a decline fueled by competition from e-commerce and its crushing debt burden.

Retail
Boutique wine shop commits to Jersey City rental building

A wine and spirits store has leased 5,000 square feet at the base of Modera Lofts, a 366-unit luxury apartment building inside a historic brick warehouse in Jersey City.

Sponsored Content
Kipcon seminars offer critical training, education for CRE industry

By Kipcon Engineering As continuing education has grown increasingly important, Kipcon Engineering has been filling that need for its commercial real estate clients for more than five years. Based in North Brunswick, the full-service engineering firm offers seminars and webinars…

Residential & Mixed Use
Hoboken project gets $120 million recap from Prism, Angelo Gordon

Angelo, Gordon & Co. and Prism Capital Partners have stepped in to help complete a plan to convert a former Wonder Bread factory in Hoboken, bringing a $120 million recapitalization to the stalled residential project.

Professional Services
Valuation firm becomes IRR’s northern N.J. office

A Livingston-based firm has joined Integra Realty Resources, the largest independent commercial real estate valuation, market research and consulting firm in North America.

People
Hollister promotes 11 in executive, project delivery ranks

By Joshua Burd Hollister Construction Services has announced nearly a dozen promotions within its executive and project delivery teams. The Parsippany-based firm said that both Brendan Murray and Matt Higgins have been promoted to the role of executive vice president.…

Professional Services
LMC hires new controller

Levin Management Corp. has added to its accounting team to help support the continued growth of its retail real estate services platform in the region.

Retail
Investor pays $5.9 million for Livingston retail center, Marcus & Millichap says

A developer has sold a fully leased, 7,846-square-foot retail center in Livingston for nearly $6 million, according to brokers with Marcus & Millichap.

Professional Services
RSC unveils redesign of Ridgewood restaurant (SLIDESHOW)

A popular restaurant in Ridgewood has reopened after a redesign and renovation overseen by a Hackensack-based architecture firm.

Office
Shifts in workplace, demographics in focus at Roche site redevelopment forum

Local residents were among those who turned out this week for a forum tied to Prism Capital Partners’ plans for the former Hoffmann-LaRoche campus in Nutley and Clifton, as the developer sought to highlight the shifts in demographics, corporate strategy and lifestyle choices that are now driving New Jersey’s economy.