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.

Office
WCRE brokers sale of Moorestown building

A tutoring business has acquired a 6,500-square-foot commercial building in downtown Moorestown, in a sale arranged by Wolf Commercial Real Estate.

People
Contractor, developer names new senior project manager

Donnelly Construction has promoted a longtime employee to senior project manager, the Wayne-based general contractor and developer announced Friday.

Office
High-profile adaptive reuse project quickly taking shape in Newark

While Ironside Newark is still months away from completion, Edison Properties is moving quickly toward achieving its vision for the adaptive reuse project.

Retail
Jeffery Realty: Edison retail center fully leased, slated for upgrades

Major upgrades are coming to a 103,000-square-foot shopping center in Edison, which is now fully leased after a recent commitment by a national eye care chain.

Hospitality & Tourism
Holmdel OKs plan for rooftop hotel at Bell Works

Local officials have cleared the way for Somerset Development to build a new 200-room hotel atop Bell Works, its adaptive reuse of the iconic Bell Labs complex in Holmdel.

Industrial
Amazon, retailers fuel Q4 industrial gains in N.J.

Retailers accounted for more than a third of all industrial gains in northern and central New Jersey at the end of 2017, according to JLL, fueling what amounted to the second-highest net absorption total of any year since the recession ended.

People
Sanzari promotes project manager to director role

A project manager at Alfred Sanzari Enterprises has earned an expanded role and a new title after more than a decade with the firm’s construction department.

Finance & Capital Markets
Progress Capital brokers $7 million refinance in NYC

Progress Capital Advisors has arranged $7 million in financing for the owner of a 38,000-square-foot, mixed-use property in Queens.

People
Hanson to be honored as part of 2017 New Jersey Hall of Fame class

Commercial real estate magnate Jon F. Hanson will be among more than a dozen new inductees this year for the New Jersey Hall of Fame.

Industrial
Denholtz tops 1 million sq. ft. in leasing in 2017

A mix of nearly 200 new leases and renewals helped fuel Denholtz Associates’ portfolio in 2017, allowing it to surpass 1 million square feet in activity for the second consecutive year.