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.

Residential & Mixed Use
Jersey City apartment, retail project lands $26.25 million construction loan

Progress Capital Advisors has secured more than $26 million in financing for the construction of a new nine-story, mixed-use building in the McGinley Square section of Jersey City.

Retail
Hoboken commercial condo fetches $6.6 million

An investor has purchased a 14,000-square-foot commercial condominium in downtown Hoboken, in a nearly $6.6 million deal arranged by The Kislak Co. Inc.

Retail
Blau & Berg named leasing agent for Millburn retail space

The owner of an 11,000-square-foot retail space in downtown Millburn has hired The Blau & Berg Co. as its leasing agent.

Government & Public Policy
Planting the seed: The time to prepare for legal cannabis is now, real estate experts say

Insiders say the prospect of legalized recreational marijuana could have substantial benefits for New Jersey’s commercial real estate market, even with a long list of risks and complexities.

Retail
Edison shopping center sells for $53 million, CBRE says

A private investor has paid $53 million for a grocery-anchored, 153,000-square-foot shopping center in Edison, according to CBRE brokers who arranged the deal.

Hospitality & Tourism
Jewelry chain announces new store in Hard Rock Atlantic City

A jewelry chain based in Atlantic County will be among the tenants at the new Hard Rock Hotel & Casino Atlantic City.

Retail
Pierson named leasing agent for Ironside Newark retail space

Edison Properties has tapped Pierson Commercial to lease and market the retail space at Ironside Newark, its mixed-use redevelopment of a historic warehouse in the city.

Office
Magazine names Bell Works ‘most iconic’ building in New Jersey

The complex now known as Bell Works has earned another national distinction — being named the most iconic building in New Jersey by Architectural Digest magazine.

Residential & Mixed Use
Mixed-use Chatham property fetches $3.1 million, Redwood Realty says

An investor has paid more than $3 million for a 12,000-square-foot, mixed-use property in Chatham, in a deal announced this week by Redwood Realty Advisors.

Retail
At long last: With construction churning, American Dream slated for spring 2019 opening

With nearly 1,500 construction workers on site and more than $1.6 billion spent to date, the long-awaited American Dream project is on track to open by this time next year.