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.

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.

Retail
Brunelli: Dollar Tree adding four more stores in N.J.

Dollar Tree has continued its rapid expansion in New Jersey with the addition of four stores totaling more than 37,000 square feet, brokers with R.J. Brunelli & Co. LLC said Wednesday.

Professional Services
Real estate attorney joins Sills Cummis

A longtime general counsel for area developers has joined Sills Cummis & Gross P.C. as the latest member of its real estate department.

Finance & Capital Markets
G.S. Wilcox brokers $34.7 million in loans for warehouse, retail properties

The owner of a 322,000-square-foot industrial building in Moonachie has refinanced for $18.2 million, in one of three new transactions announced by G.S. Wilcox & Co.

Retail
7-Eleven inks 3,045 sq. ft. lease in downtown Newark

Another 7-Eleven is coming to downtown Newark.

Residential & Mixed Use
Somerset taps veteran CRE attorney as director of operations

A longtime commercial real estate attorney in New Jersey has joined Somerset Development, having been tapped to help steer the firm’s ambitious residential and mixed-use pipeline.