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.

Real estate attorney joins Sills Cummis

A longtime general counsel for area developers has joined Sills Cummis & Gross P.C. as the latest member of its real estate department.

G.S. Wilcox brokers $34.7 million in loans for warehouse, retail properties

The owner of a 322,000-square-foot industrial building in Moonachie has refinanced for $18.2 million, in one of three new transactions announced by G.S. Wilcox & Co.

7-Eleven inks 3,045 sq. ft. lease in downtown Newark

Another 7-Eleven is coming to downtown Newark.

Somerset taps veteran CRE attorney as director of operations

A longtime commercial real estate attorney in New Jersey has joined Somerset Development, having been tapped to help steer the firm’s ambitious residential and mixed-use pipeline.

Colliers touts hiring of new retail broker

Colliers International has added to its retail brokerage team in New Jersey with the hiring of a new associate.

Leasing agent unveils new name for Princeton-area shopping center

Seeking to broaden its tenant mix, a real estate firm has unveiled a new name for a 68,860-square-foot shopping center outside Princeton.

The Amazon effect: The e-commerce giant has infiltrated every major asset class in New Jersey

Amazon has long been known for having a profound impact on the bricks-and-mortar retail business. But as it turns out, that’s only one piece of the story of how the e-commerce powerhouse is transforming commercial real estate. New Jersey is poised to feel that impact as much as any other state in the country.

A new front in grocery wars: Whole Foods acquisition will add fuel to ultracompetitive supermarket sector

The news of Amazon’s $13.7 billion acquisition of Whole Foods Market this summer came with a bit of irony: Many bricks-and-mortar supermarkets in New Jersey and elsewhere had offered online delivery for years, but Whole Foods wasn’t among them. But at the very least, the deal signaled to those other operators that Whole Foods is not to be taken lightly, especially with Amazon’s stated goal of lowering the chain’s notoriously high prices.

Prism outlines timetable for residential, retail phases at historic factory conversion

Prism Capital Partners is nearing several key milestones in a project that is a decade in the making — the redevelopment of a historic Thomas Edison factory complex in West Orange.

NAI Hanson: Martial arts studio leases 2,800 sq. ft. in Emerson

A martial arts academy will occupy half of a newly built, 5,600-square-foot retail building in Emerson, following a lease arranged by brokers with NAI James E. Hanson.