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
Shoe brand leases 1,800 sq. ft. at The Mall at Short Hills

A Brazilian shoe brand has opened a new store at The Mall at Short Hills, its first New Jersey location, following a 1,800-square-foot lease by Cushman & Wakefield.

Residential & Mixed Use
Developers unveil new apartments at iconic New Jersey Bell building in Newark

An investment group has largely completed its conversion of the former New Jersey Bell tower in Newark, marking the restoration of a historic landmark and the addition of new market-rate and affordable housing options to the city’s downtown.

Retail
CBRE inks $6.2 million in new investment sales

A private investor has paid $2.3 million for a nearly 15,000-square-foot retail property in Monmouth County, in the largest of four newly announced transactions by CBRE.

Retail
Café inks 1,200 sq. ft. long-term lease in Edison, Weiss says

A café operator has leased 1,200 square feet at a shopping center in Edison, under a newly announced transaction by Weiss Realty.

Retail
Redeveloper of massive Sayreville site names new senior vice president, director

The developer of a planned 5 million-square-foot, $2.5 billion project at a long-dormant site in Sayreville has hired a new executive to oversee the effort.

Residential & Mixed Use
The S.Hekemian Group wins approval to redevelop Mercedes-Benz campus in Montvale

Local officials have cleared the way for a mixed-use, $150 million plan to redevelop the former Mercedes-Benz USA headquarters site in Montvale.

Residential & Mixed Use
Kislak inks four Jersey Shore investment sales for $7.5 million

Four Jersey Shore investment properties have changed hands for a combined $7.5 million, under a set of newly announced transactions by The Kislak Co. Inc.

Retail
Urgent care planned for ex-auto repair site in Bergen, Goldstein Group says

A former automotive repair building in Oradell is set to become the new home of an urgent care center, following a sale arranged by The Goldstein Group.

Government & Public Policy
Newark developers, city leaders unveil long-awaited park project near Prudential Center

Developers and city officials gathered in Newark on Thursday to mark a milestone more than a decade in the making — the opening of a new public park adjacent to the Prudential Center, setting the stage for a wave of new investment between the arena and Newark Penn Station.

Finance & Capital Markets
JLL inks $46.5 million refi for Howell shopping center

The owner of a Monmouth County shopping center has secured $46.5 million to refinance the property, under a newly announced transaction by JLL.