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.

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.

Professional Services
Ripco touts new hire in N.J. office

Ripco Real Estate has hired a new broker in its New Jersey office, whose initial assignments include overseeing agency retail leasing for at least two property owners.

Retail
Onyx touts upgrades, leasing at 285,000 sq. ft. Woodbridge complex

Onyx Equities LLC has launched a multimillion-dollar renovation at a 285,000-square-foot shopping center in Woodbridge, where it has inked more than 100,000 square feet in new leases and renewals over the past year.

Professional Services
Veteran retail broker joins CBRE in Saddle Brook

CBRE has added a longtime retail specialist as one of its newest brokers in New Jersey.

Retail
New indoor skydiving center nearing completion in Paramus

This spring, an indoor skydiving company is set to complete construction of its first New Jersey location, offering customers timed packages of flight time that mimics the feeling of free-fall skydiving, but safely indoors in an air-conditioned environment. The new location at 211 Route 4 will be among more than 60 in 14 countries for the operator, iFLY Indoor Skydiving.

Retail
New owner plans to reposition former Kmart center in East Brunswick

A developer has acquired a former Kmart-anchored retail complex in East Brunswick, with plans to reposition the 150,000-square-foot property through a potentially mixed-use project.