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
Fund acquires Hudson County retail center anchored by wholesaler, grocery store

The developer of a two-year-old, 139,900-square-foot retail center in Hudson County has sold the property to a fund managed by Bentall Kennedy, brokers with Cushman & Wakefield said.

Retail
Colliers, Ten-X marketing 125,000 sq. ft. retail center in Robbinsville

Brokers with Colliers International have been tapped to sell a Robbinsville shopping center off Route 33, working in conjunction with the online auction platform Ten-X.

Retail
Jersey City tower adds coffee shop to retail mix

An area coffee shop chain is opening its next Jersey City location at Vantage, the 45-story luxury apartment tower in the city’s Liberty Harbor North neighborhood.

Retail
Howell restaurant fetches $3.1 million in 1031 exchange, Marcus says

An investor has acquired a 7,100-square-foot, net leased restaurant property in Howell for $3.1 million, brokers with Marcus & Millichap announced Friday.

Government & Public Policy
Supreme Court closes online sales tax loophole for retail sector, state governments

The U.S. Supreme Court has ruled that online retailers must collect sales tax from customers even in states where they don’t have a physical presence, effectively closing a loophole that has long been seen as a major disadvantage to brick-and-mortar retailers.

Retail
REDCOM touts completion of Monmouth County dealership renovation

REDCOM Design & Construction LLC has completed the renovation of an auto dealership in Ocean Township, the Westfield-based firm said recently.

Residential & Mixed Use
Koreyva joins PRC Group as COO

PRC Group has hired a familiar face and a well-known banking executive in New Jersey as its new chief executive.

Residential & Mixed Use
Developers launch leasing at Jersey City rental project (SLIDESHOW)

A joint venture is set to deliver 163 new apartments on the west side of Jersey City, the latest piece of a master-planned project around the campus of New Jersey City University.

Retail
HFF brokers sale of Burlington County retail property

A family trust has sold a 7,000-square-foot, single-tenant retail building in Burlington County, brokers with HFF announced Wednesday.

Office
Lotus project banks on Newark’s rising profile, intrigue of timber construction

Lotus Equity Group hopes to tap into the intrigue of a mass timber office building as it markets plans for Riverfront Square, a sweeping mixed-use project at the site of the former Newark Bears stadium. The developer and its marketing team, led by brokers with Cushman & Wakefield, are also banking on the rising interest in Newark as a destination for new office users, following recent high-profile deals and the city’s selection as a finalist for Amazon’s second headquarters.