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
Solving the parking problem: Goldberg sees a role for the state in urban redevelopment

To Carl Goldberg, the need for moderately priced, workforce housing continues to grow in New Jersey, but the cost of structured parking can be a significant hurdle. It’s why he sees an opportunity for the state to help local officials solve that equation.

Retail
Barbershop chain takes 1,800 sq. ft. in Madison, its third New Jersey store

A barbershop chain has leased nearly 1,800 square feet at a mixed-use property in downtown Madison, brokers with JLL announced this week.

Residential & Mixed Use
Fields: Jersey City apartment building nearly 70 percent leased

Renters are flocking to a new apartment building in Jersey City’s Paulus Hook neighborhood, where Fields Development Group has leased nearly 70 percent of its 153 units.

Residential & Mixed Use
Developers kick off $135 million theater district project in Montclair

Ironstate Development Co. and Brookfield have broken ground on a long-awaited, $135 million project in downtown Montclair that will deliver 200 apartments and a mix of artist and commercial space alongside the historic Wellmont Theater.

Retail
South Orange restaurant, liquor license trade for $2.8 million

19 Valley St. in South Orange — Courtesy: The Kislak Co.Inc. By Joshua Burd An investor has acquired a well-known restaurant property and a liquor license in downtown South Orange, where a new operator is set to open following the…

Residential & Mixed Use
Paramount debuts rental project at historic Newark building

Paramount Assets has completed its transformation of a historic commercial building in downtown Newark, delivering 37 new luxury apartments and street-level retail space.

Retail
Goldstein Group broker promoted to director

The Goldstein Group has promoted one of its brokers to the position of director.

Government & Public Policy
EDA seeking applications for grant program for ailing office, retail buildings

The state Economic Development Authority is accepting applications for a new grant program aimed at helping municipalities and counties find solutions for vacant or underused commercial properties within their borders.

Retail
Marcus inks $2 million sale of Wyckoff strip center

A private investor has sold a nearly 10,300-square-foot strip center in Wyckoff for $2 million, brokers with Marcus & Millichap announced Tuesday.

Retail
Marcus: Somerville retail, medical building trades for $3.8 million

A two-building, 20,700-square-foot retail and medical office complex in Somerville has changed hands for nearly $3.8 million, brokers with Marcus & Millichap announced.