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.

JC Penney IDs stores slated for closure (see the full list)

Image courtesy: JC Penney By Joshua Burd One JC Penney store in southern New Jersey will be among nearly 140 that are slated to close nationwide as the retailer looks to combat drops in sales and maintain profitability. A list…

Finance & Capital Markets

Valley touts $650M in recent CRE loan volume

Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.

Retail

LMC inks 1,900 sq. ft. deal for Jersey Shore burrito chain

A made-to-order burrito chain is continuing its expansion at the Jersey Shore with the opening of a new location in Howell, according to Levin Management Corp.

Retail

Ripco: Fast casual chain eyes major growth in N.J.

An Asian-themed fast casual chain has made its debut in New Jersey and is now seeking to open a least a dozen more locations in the next three years, according to Ripco Real Estate.

Retail

Report: Bayonne retail project set to begin construction

A local developer is moving ahead with the bulk of a new project in Bayonne that will bring fast food, an auto parts store and other operators to what is now a vacant lot off Route 440.

Retail

Wine and spirits store fills ex-Pathmark space in Clifton

A new ShopRite Wines and Spirits store will fill the space of a former Pathmark in Clifton, according to the firms involved in the 34,000-square-foot deal.

Residential & Mixed Use

EDA extends opportunity to acquire prime waterfront site in Camden

State officials have extended the deadline for developers to submit their proposals for transforming the waterfront site of a former prison in Camden.

Projects

NAIOP unveils deal of the year finalists for upcoming gala

With two months to go until its annual gala, NAIOP New Jersey has revealed the finalists for its Deal of the Year Awards.

Office

Firm hires former C&W broker to oversee leasing, management

As it makes acquisitions in key downtowns around New Jersey, a growing development and investment firm has added a director to oversee leasing and management of its portfolio.

Residential & Mixed Use

Developers buy Hackensack site for redevelopment, Alexander Anderson says

Developers plan to convert an office building in downtown Hackensack into 90 luxury apartments after acquiring the property for $2.5 million, according to brokers in the deal.