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
AutoZone ground lease in Irvington sells for $3.9 million, Marcus says

A developer has sold the ground lease for an 8,000-square-foot net-leased retail property in Irvington, in a nearly $4 million deal arranged by Marcus & Millichap.

Retail
Colliers: Investor buys 125,000 sq. ft. Robbinsville retail center

An out-of-state investor has acquired a 125,295-square-foot shopping center in Robbinsville, following a three-month marketing effort by Colliers International and Ten-X.

Professional Services
Transwestern moving, expanding New Jersey office in Morris County

Transwestern is on the move in New Jersey, announcing plans to grow its footprint and shift its operations from Parsippany to Florham Park.

Industrial
Goldstein Group touts 50,000 sq. ft. industrial sale in North Bergen

The Goldstein Group has brokered the sale of a 50,000-square-foot industrial building in North Bergen, in one of two deals announced this week by the retail brokerage firm.

Retail
Marcus: Neptune retail property sells for $4.3 million

A developer has sold an 18,150-square foot retail property in Neptune for nearly $4.3 million, brokers with Marcus & Millichap announced Wednesday.

Finance & Capital Markets
New York Life inks $135 million loan for mixed-use Fort Lee project

New York Life Insurance Co. has originated $135 million in financing for Hudson Lights, the two-year-old residential and retail property near the George Washington Bridge in Fort Lee.

Top News
Rutgers reveals latest group of advisers, emerging leaders for real estate program

The Center for Real Estate at Rutgers Business School has unveiled this year’s group of board members and industry leaders that will guide the program and its students.

Professional Services
GH&C adds to real estate group with another hire

Giordano, Halleran & Ciesla has made another addition to its commercial real estate practice.

Retail
Paterson retail center trades for $4 million, Marcus says

A private investor has sold a nearly 27,000-square-foot shopping center in Paterson for $4 million, in a transaction arranged by Marcus & Millichap.

Retail
JLL: Newark hotel inks leases with seafood eatery, recruiting center

A local seafood restaurant and a U.S. Army recruiting center will be among the newest retail tenants at a hotel next to the Prudential Center in Newark, according to JLL.