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
Jersey Shore retail, apartment property sells for $2.4 million

A mixed-use, 9,560-square-foot property in Manasquan has traded for $2.4 million, Marcus & Millichap said Tuesday.

Retail
HFF: 116K sq. ft. shopping center sells for $36 million

A sprawling grocery-anchored shopping center in East Orange has changed hands, following a sale brokered by HFF’s New Jersey office.

Retail
Union County 7-Eleven site fetches $2.5M

A developer has sold a 2,800-square-foot 7-Eleven property at the border of Plainfield and Fanwood for more than $2.5 million, Marcus & Millichap announced Monday.

Retail
Kislak: Family sells Hudson County retail center after 30 years

Investors have paid nearly $10 million for a Bayonne shopping center anchored by a Family Dollar, in a retail investment sale brokered by The Kislak Co. Inc.

Retail
Marcus & Millichap brokers sales in Bergen, Middlesex

A pair of retail properties in Bergen and Middlesex counties have new owners following separate investment sales arranged by Marcus & Millichap.

Residential & Mixed Use
Three months in, new Hoboken building hits leasing milestone

Advance Realty, the developer of Harlow in Hoboken, announced Friday that the 140-unit property is more than 50 percent leased barely three months after opening.

Finance & Capital Markets
Investors: N.J. office, retail sites among $100M in recent loans

With an uptick in demand that started last fall, lenders with Investors Bank have financed more than $100 million in commercial real estate transactions in recent weeks.

Retail
Transwestern brokers dance academy lease in Teaneck

A dance academy has joined the roster at a Teaneck commercial building, following a nearly 3,100-square-foot lease brokered by Transwestern.

Retail
NAI Hanson brokers lease for dance studio in Montvale

A yoga studio has leased 5,000 square feet in downtown Montvale, NAI James E. Hanson said.

Contributors
No such thing as ‘business as usual’ for the CRE industry

How developers and local leaders can respond to changes in business, demographics By Michael G. McGuinness Economic, industry and demographic trends are changing the way business is done in New Jersey — and impacting the strategies of investors, developers and…