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
Leasing underway at 334-unit Prism project in West Orange

Prism Capital Partners has launched leasing at its new 334-unit apartment community in West Orange, the centerpiece of what it says is the state’s largest non-waterfront adaptive-reuse project.

Events
NAIOP reveals deal of the year finalists for 2018 gala

NAIOP New Jersey has unveiled the finalists for its coveted Deal of the Year awards, a group that includes eight of the state’s most high-profile transactions of 2017.

People
Advance hires new senior associate of asset management

The New Jersey Center of Excellence in Bridgewater — Courtesy: Advance Realty By Joshua Burd Advance Realty has continued its recent flurry of hiring with an addition to its asset management team. The Bridgewater-based developer said Thursday that it had…

Retail
Newmark: Downtown Summit building repositioned with retail, office tenants

A onetime department store complex in downtown Summit has found new life as a mixed-use commercial space, having reached full occupancy with a group of retail and office tenants.

Office
Downtown Montclair buildings are latest acquisitions for Saxum

Saxum Real Estate has expanded its holdings in downtown Montclair with the acquisition of two neighboring properties, including a 25,000-square-foot former bank building.

Retail
Remco: 1031 investor buys Hunterdon bank building

An investor has acquired a net leased bank building in Hunterdon County, under a nearly $1.8 million transaction arranged by Remco Realty Group.

Retail
New fitness center anchors mixed-use redevelopment in East Orange

A real estate investment firm is marking the debut of a 16,400-square-foot health club in East Orange, a major step forward in a plan to reposition the once-vacant commercial property.

Health Care & Education
Pediatric urgent care commits to new space in Pompton Plains, Jeffery says

A pediatric urgent care chain has leased more than 6,400 square feet in Pompton Plains, backfilling the space of a former mattress store on Route 23.

Retail
Azarian touts new leases within central, northern N.J. portfolio

The Azarian Group LLC has leased more than 9,000 square feet at a high-end retail center in North Brunswick, part of what the firm says was a banner year across its portfolio.

Finance & Capital Markets
Progress Capital brokers $6.5 million loan for Toms River office, retail project

Plans for a 40,000-square-foot commercial project in Toms River are moving forward with the help of a $6.5 million construction loan arranged by Progress Capital Advisors.