The current version of the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act, which was passed by the state Legislature on December 17, 2020, provides a framework for legalizing recreational cannabis in the state, including six different classes of licenses to be considered by those looking to enter the cannabis business marketplace. As we discussed in Part I in our series on cannabis, early identification of an ideal region and/or municipality for the proposed licensed premises is critical to success. However, there are a host of other factors and potential snags that an applicant must take into consideration before selecting a location.
A new operator is coming to a restaurant space in Wildwood, following a transaction completed by Vantage Commercial.
A boutique bakery is relocating within Bergen County after agreeing to lease more than 2,500 square feet in Englewood, according to brokers with NAI James E. Hanson.
G.S. Wilcox & Co. has announced $267 million in new loan activity in New Jersey and New York on behalf of a longtime life insurance company client.
A credit union has taken 3,200 square feet of retail space along Route 46 in Fairfield, under a newly announced transaction by The Goldstein Group.
A veteran retail real estate executive has joined The Azarian Group LLC as director of leasing and property management.
The owner of a historic loft office building in Jersey City has unveiled plans to renovate the property, where it recently secured two new tenants for more than 13,000 square feet.
An investor has purchased a grocery-anchored shopping center about five miles from Rowan University in Gloucester County, in a newly announced transaction by JLL.
Giordano, Halleran & Ciesla has named a new shareholder and two new chairs within its team of real estate and land use attorneys.