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
HFF brokers $21 million sale of Toms River shopping center

Investors have acquired a 120,349-square-foot community shopping center in Toms River, in a $21.1 million deal arranged by brokers with HFF.

Finance & Capital Markets
Case launches small loan program for projects nearing stabilization

Case Real Estate Capital LLC, a commercial real estate investment and financing firm, has launched a new program to provide lower-interest loans for properties that are close to stabilization.

Residential & Mixed Use
Developer, arts organization ink lease at new Montclair rental project

An arts organization will occupy the ground floor of a new apartment building in downtown Montclair, as its developer nears the completion of leasing at the 40-unit property.

Retail
Ocean County bank building sells for $1.57 million, Marcus & Millichap says

A private investor has sold a 3,000-square-foot bank building in Ocean County, according to brokers with Marcus & Millichap who orchestrated the deal.

Office
See new renderings of Mack-Cali’s waterfront makeover in Jersey City (SLIDESHOW)

Mack-Cali Realty Corp. has unveiled new renderings of its planned $75 million redevelopment of the Harborside complex in Jersey City, where it’s slated to modernize more than 4 million square feet of office space and create a new public retail plaza.

Retail
Hampshire sells 88,000 sq. ft. retail center in Mount Laurel

The Hampshire Cos. has sold a grocery-anchored shopping center in Mount Laurel, capping off a plan to find a buyer after acquiring it in 2012 and bringing the complex to full occupancy.

Retail
LMC named leasing agent for shopping centers in Hudson, Hunterdon counties

Brokers with Levin Management Corp. have taken over leasing and management at shopping centers in Secaucus and Flemington, the retail real estate services firm said.

Retail
Sandwich chain opens at Jersey City rental tower

Jimmy John’s has opened a new store at the base of a luxury apartment tower in Jersey City, marking the national sandwich chain’s first location in the Hudson County seat.

Retail
New locations mean new space needs for physical therapy business

John Gallucci Jr., pictured at JAG Physical Therapy’s Cedar Knolls location, has overseen the growth of the practice from a single location in West Orange in 2005 to a footprint that includes more than 15 in the region and 13…

Retail
CBRE: Secaucus retail center sold to institutional investor

An institutional buyer has acquired a 306,000-square-foot shopping center in the sprawling mixed-use Harmon Meadow complex in Secaucus, in a deal arranged by brokers with CBRE.