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.

Professional Services
Weichert hires new vice president in Edison office

Weichert Commercial Brokerage Inc. has added to its team with the hiring of a new vice president.

Retail
Monmouth County retail, office center trades for $4.4 million

An investor has acquired a 52,000-square-foot commercial property in Howell for nearly $4.5 million, brokers with The Kislak Co. Inc. said Monday.

Professional Services
Real estate investor joins Newmark as sales associate

Newmark Associates has hired a longtime real estate investor as one of the newest members of its sales team.

Government & Public Policy
Flood wall decision looms large for Hoboken rail yards project

State officials could soon make a decision on key flood protection measures in Hoboken — one that could make or break a long-awaited, 2.3 million-square-foot redevelopment of the rail yards at the southern edge of the city.

Office
Marcus touts mixed-use building sales in Bayonne

Two mixed-use properties in Bayonne have changed hands for a combined $3 million, following transactions arranged by Marcus & Millichap.

Retail
C&W: Hoboken, Montclair among first U.S. locations for maternity and baby clothier

A United Kingdom-based maternity and children’s clothing chain has picked New Jersey for two of its first U.S. stores, including locations in Hoboken and Montclair.

Government & Public Policy
EDA grant program fueling retail, restaurant growth in Camden

Property owners in Camden have tapped into a state program meant to spur street-level retail and service businesses, adding to the resurgence of one of the city’s main thoroughfares.

Retail
C&W announces new retail broker hire

Cushman & Wakefield has added to its team of retail brokers with the hiring of a new senior associate.

Retail
LMC named managing agent for newly sold Hudson County shopping center

Levin Management Corp. has taken over leasing and management for a Kearny shopping center, following the recent sale of the nearly 140,000-square-foot complex.

Editor’s Note
A remedy for retail

Our July cover story takes a look at the growth of medical retail and all of the nuances that come along with it. For one thing, there seems to have been a perfect storm that paved the way for this movement: Retail was hurting after the Great Recession, while the Affordable Care Act expanded the insured population and changed how health care was delivered. As you might guess, New Jersey was impacted by these forces as much as any other market.