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.

Government & Public Policy
EDA approves $400 million Aspire tax credit for residential, commercial phases in Sayreville’s Riverton project

The state has approved a 10-year, $400 million tax credit award that will support key phases of Riverton, the massive project that could bring 6.5 million square feet of development to a once-contaminated, long-dormant waterfront property in Sayreville.

Retail
Green Brook retail asset now fully leased after renovation, recent deals, Deluccia says

A nearly 13,000-square-foot retail center on Route 22 is now fully leased under new ownership and after a recent renovation, according to a brokerage team with Deluccia Commercial Group.

Community
Larken Associates’ Jillian Dorell named to SCBP’s 40 under 40 list

The Somerset County Business Partnership has recognized Jillian Dorell, director of design with Larken Associates, as a member of its 40 under 40 list for 2023.

Residential & Mixed Use
Urby Newark welcomes Japanese-inspired restaurant to new downtown building

A Japanese-inspired restaurant has opened its doors in downtown Newark at the base of the newly delivered 250-unit Urby apartment building.

Retail
BRC: Beauty bar expanding to Somerville, takes 4,200 sq. ft.

A salon business has leased more than 4,200 square feet of retail space in downtown Somerville, brokers with Bussel Realty Corp. announced Monday.

Retail
REDCOM starts construction on new Honda dealership on Route 3 in Clifton

REDCOM Design & Construction has started its work on a project that will help a Honda dealership expand its footprint while consolidating its teams in Clifton.

Finance & Capital Markets
Cronheim: NRDC refis Walmart-anchored center in Burlington County for $11 million

National Realty & Development Corp. has secured $11 million to refinance a 328,000-square-foot shopping center in Cinnaminson, in a deal arranged by Cronheim Mortgage.

Retail
Blue Foundry, Kessler open inside new retail building at Prism project in Dunellen

Blue Foundry Bank and Kessler Rehabilitation Center have opened their doors as the first retail tenants at The Nell, Prism Capital Partners’ mixed-use development in downtown Dunellen.

Retail
Waxing chain L.A. Bikini takes 1,900 sq. ft. at Livingston Town Center, Azarian says

A high-end waxing salon has leased nearly 1,900 square feet at the mixed-use Livingston Town Center, in a newly announced deal by Azarian Realty Co.

Retail
Levin taps operations, asset management veteran Tocco as executive vice president

Levin Management Corp. has filled a key role on its team with the hiring of a veteran executive in real estate and asset management.