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.

Planting the Seed for A Greener New Jersey: The Intersection of Legal Cannabis and Real Estate in the Garden State (Part 2)

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.

Mediterranean eatery to backfill Wildwood restaurant space, Vantage Commercial says

A new operator is coming to a restaurant space in Wildwood, following a transaction completed by Vantage Commercial.

Bakery expands, takes 2,500 sq. ft. in Englewood, NAI Hanson says

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 inks $267 million in loans in North Jersey, Long Island for life insurance lender

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.

Credit union leases 3,200 sq. ft. in Fairfield, Goldstein Group says

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.

Azarian names new director of leasing, property management

A veteran retail real estate executive has joined The Azarian Group LLC as director of leasing and property management.

Landlord eyes overhaul of historic 45,000 sq. ft. office building in Jersey City

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.

ShopRite-anchored center in Gloucester County changes hands, JLL says

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 names new shareholder, chairs across real estate and land use teams

Giordano, Halleran & Ciesla has named a new shareholder and two new chairs within its team of real estate and land use attorneys.

REIT eyes plan to reposition South Jersey mall with 1,100 apartments, hotel

The owner of a Burlington County mall is moving ahead with plans to transform the property with the addition of more than 1,000 apartments and a hotel.