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.

Professional Services
The Goldstein Group forms unit focused on mixed-use, urban retail

The Goldstein Group has launched a new division to offer retail leasing and advisory services to urban mixed-use property owners, developers and managers in the region.

Retail
Pet products store leases 4,400 sq. ft. in Warren County, LMC says

A pet products retailer is among the newest tenants at a 61,000-square-foot shopping center in Warren County, according to Levin Management Corp.

Finance & Capital Markets
Investors Bank: Recent CRE loans total more than $280 million

Investors Bank has continued its push to lend across different sectors of commercial real estate, originating more than $280 million in financing for 10 major transactions in recent weeks.

Office
Saxum acquires two commercial buildings in downtown Summit

Development and investment firm Saxum Real Estate has acquired two adjoining properties in downtown Summit, including one that it plans to renovate and market for lease.

Residential & Mixed Use
Lotus names four architecture firms for Newark stadium redevelopment

The firm seeking to redevelop the Newark Bears baseball stadium has lined up a team of architects for the ambitious project, which could create up to 2,000 residential units, 400,000 square feet of office space and a mix of retail, cultural and public spaces.

Top News
Rutgers announces 2017 advisory board members

The Center for Real Estate at the Rutgers Business School has unveiled its 2017 advisory board and council of emerging leaders, adding to a roster that has come to include dozens of industry heavyweights and top professionals in New Jersey.

Retail
Howell retail center welcomes burger chain, LMC says

A burger franchise is relocating to a 3,400-square-foot space inside a Howell shopping center, following a deal orchestrated by Levin Management Corp.

Government & Public Policy
EDA marks launch of street-level business incentives in five cities

State officials have formally rolled out two funding programs meant to spur investment in street-level retail space in five cities: Trenton, Paterson, Passaic, Camden and Atlantic City.

Retail
Middletown shopping center welcomes ‘old world’ Italian market

An Italian market has rolled out its third location in New Jersey with the opening of a new 15,000-square-foot store in Middletown, according to brokers involved in the deal.

Finance & Capital Markets
Retail owner refinances for $19.75 million, Eastern Union says

Eastern Union Funding has arranged a nearly $20 million loan for a client to refinance a 106,000-square-foot shopping center in Jackson, the firm said Tuesday.