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.

Government & Public Policy
Murphy unveils Hoboken flood wall location, but fate of rail yards project still unclear

Gov. Phil Murphy has announced a long-awaited plan for a flood barrier at the southern end of Hoboken, although its location could threaten or dramatically alter a proposal to redevelop the rail yards alongside the city’s busy train terminal.

Retail
HFF: ShopRite center, medical office building trade for $16.2 million

A developer has reaped more than $16 million from the sale of a grocery-anchored retail complex and a medical office building in Warren County, brokers with HFF said.

Government & Public Policy
Liquor license reform bill advances in Assembly

A bill that would create new specialized, lower-cost liquor licenses and likely provide a boost to New Jersey’s commercial real estate sector has cleared another hurdle in the Legislature.

Office
Bell Works set to welcome 15 new office tenants

Somerset Development has inked more than a dozen new office leases at Bell Works, the massive mixed-use campus at the former site of the Bell Labs complex in Holmdel.

Professional Services
Business veteran joins Goldstein Group brokerage team

The Goldstein Group has made another addition to its sales and leasing team with the hiring of a longtime real estate consultant and business owner.

Retail
NRDC touts four new store openings in New Jersey portfolio

National Realty & Development Corp. has announced several new stores within its New Jersey portfolio that have opened recently or are on track to debut in the months ahead.

Professional Services
JLL senior VP named head of project, development services in N.J.

JLL has named a new head of project and development services in New Jersey.

Retail
Tulfra, QuickChek ink ground lease in Cranford

Tulfra Real Estate has entered into a long-term ground lease with QuickChek Corp. just days after acquiring a redevelopment site in Cranford that will be home to a new location for the convenience store chain.

Retail
Marcus brokers $2.8 million retail property sale

A private investor based in central New Jersey has acquired a nearly 5,000-square-foot retail property in the Florida Panhandle, in a $2.825 million sale brokered by Marcus & Millichap.

Deals
Mixed-use Morris County property sells for $1.3 million, Marcus says

A private investor has sold a 10,650-square foot mixed-use property in Morris County, in a nearly $1.3 million sale arranged by Marcus & Millichap.