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.

Retail
Sabre named retail leasing agent at Bell Works

Somerset Development has tapped Sabre Real Estate Group to oversee retail leasing at the 2 million-square-foot Bell Works complex in Holmdel.

Government & Public Policy
At NAIOP forum, coalition unveils playbook for redevelopment policy

A group of commercial real estate leaders gathered Tuesday to unveil a new policy agenda to promote smart growth and redevelopment, urging lawmakers and Gov.-elect Phil Murphy to take action that will help New Jersey stay competitive in the years to come.

Retail
JLL: Jersey Shore retail center inks 30,000 sq. ft. in leases

An Aldi supermarket and an urgent care center will be among the tenants at a soon-to-be-completed shopping center in Monmouth County, following leases brokered by JLL.

Government & Public Policy
High-powered industry coalition seeks to provide a roadmap for new governor, Legislature

A coalition of commercial real estate industry leaders has unveiled a new set of proposals for Gov.-elect Phil Murphy and state lawmakers, seeking to refine policies that have spurred economic development in recent years and address some of New Jersey’s most glaring needs.

Government & Public Policy
Local land use: Creating predictability, uniformity

Rather than try to replace the Municipal Land Use Law or strip local governments of the ability to control zoning in their town, the Smart Growth Economic Development Coalition has outlined what it says are reasonable, practical changes to help streamline development, create more certainty and encourage new business growth in the state. Those changes include steps such as standardizing non-residential site improvement requirements, creating more consistency across the entitlement process and softening the approval process for projects that will help create affordable housing.

Residential & Mixed Use
Transit-oriented development: Prioritizing, streamlining public-private partnerships

The Smart Growth Economic Development Coalition has crafted a set of recommendations to prioritize transit-oriented development projects they say would benefit both private-sector developers and the cash-strapped NJ Transit.

Government & Public Policy
Leadership lessons in a rapidly changing world

NAIOP’s premier industry event this fall was CRE.Converge 2017 in Chicago, which attracted nearly 1,500 attendees from across North America. Held Oct. 10 to 12, the conference provided valuable insights into cutting-edge trends in the commercial real estate industry and projections for the future.

Professional Services
Avison Young expands N.J. retail practice with hire of veteran broker

Real estate services firm Avison Young has hired a 25-year industry veteran as its new vice president of retail brokerage in New Jersey.

Retail
Woodbridge landlord inks 38,000 sq. ft. deal with fitness chain

A national fitness chain has leased 38,000 square feet at a newly repositioned retail center in Woodbridge, according to landlord JJ Operating Inc.

Retail
Advance, DeBartolo start demolition of Morris County mall ahead of redevelopment (VIDEO)

Advance Realty and DeBartolo Development have started demolition at the aging, indoor retail complex along Route 10 in Roxbury, paving the way for a sweeping redevelopment of the property. When complete, the site will be home to a modern, 450,000-square foot power center with a mix of open-air spaces.