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.

Finance & Capital Markets
Progress closes $4.2 million loan for South Bronx project

Progress Capital Advisors has brokered more than $4 million in financing for the developer of a seven-unit luxury residential complex in the South Bronx, the Tinton Falls-based firm said.

People
Denholtz touts new hire for acquisitions, development team

Denholtz Associates has made another addition to its team with the hiring of a new acquisitions and development associate.

Retail
Livingston retail center trades for $5.9 million, Marcus says

A private investor has acquired a 7,840-square-foot retail property in Livingston, in a $5.9 million deal announced Tuesday by Marcus & Millichap.

Retail
Bank takes ex-restaurant space in Sayreville, Goldstein Group says

Chase Bank has leased more than 3,500 square feet in Sayreville, where it is taking the location of a former chain restaurant off Route 9.

Retail
Martial arts school acquires Florham Park bank building, NAI Hanson says

A former bank building in Florham Park will be the new home of a martial arts school, following a sale arranged by brokers with NAI James E. Hanson.

Professional Services
Heller: Avison Young eyeing continued growth in New Jersey

Avison Young has not looked back since entering New Jersey with a splash in 2012 — and the real estate services firm has its sights set on continued growth in the state. 

Hospitality & Tourism
Bell Works names operator for rooftop hotel, conference space

Somerset Development has tapped an international hospitality brand as its operator for a planned rooftop hotel at Bell Works, the landmark mixed-use complex in Holmdel.

Retail
LMC: Recruiting center takes 3,900 sq. ft. in North Plainfield

The U.S. government has leased 3,900 square feet for an Armed Forces Recruiting Office in North Plainfield, under a newly announced deal by Levin Management Corp.

Professional Services
WCRE hires two new brokers, marketing professional

Wolf Commercial Real Estate has announced three new hires, including two brokers and a marketing coordinator.

Professional Services
Sabre announces new principal in New Jersey

A retail broker at Sabre Real Estate Group has earned a promotion to principal in the firm’s New Jersey office.