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.

Owner of Hoboken apartment, commercial portfolio refis for $14 million

Progress Capital has negotiated $14 million in refinancing for a client’s commercial real estate property portfolio consisting of three mixed-use assets in Hoboken.

C&W: Fully leased Fairfield bank property fetches $4.6 million

An investor has purchased a nearly 4,600-square-foot bank property in Fairfield for $4.6 million, under a deal arranged by Cushman & Wakefield.

Fast-casual seafood concept expands to Newark retail center, LMC says

Snap Back by Hook & Reel, a fast-casual version of seafood concept Hook & Reel Cajun Seafood and Bar, has opened a location at Springfield Avenue Marketplace in Newark.

Organic grocer leases 10,000 sq. ft. at Journal Squared for first New Jersey location

A popular Brooklyn-based grocer is opening its first New Jersey location at Journal Squared, the acclaimed Jersey City residential property by Kushner Real Estate Group.

EDA now taking applications for new Aspire gap financing program

The state’s Economic Development Authority is now accepting applications for Aspire, its new place-based gap financing program for commercial and residential projects.

Fast-food, health care users vying for ex-bank locations with drive-thrus

Former bank buildings with drive-thru lanes have drawn interest from fast-food chains, medical office tenants and investors during the pandemic, thanks in large part to their structural features and prime locations.

LMC marks 1.2 million sq. ft. of deal activity in 2021, expects continued growth

Levin Management Corp. is marking a record year in which it closed 1.2 million square feet in transaction activity, in a hopeful sign for the health of brick-and-mortar retail.

New York investor buys ex-furniture store building in Paramus, NAI Hanson says

The former home of a furniture store in Paramus is under new ownership, following a transaction arranged by NAI James E. Hanson.

Builder wins approval for 44-unit East Orange rental project, Taylor Architecture says

A developer is moving ahead with plans for a new 44-unit apartment building in East Orange after securing a key local entitlement for the project.

Goldstein Group: Four tenants ink leases on Hudson County’s Bergenline Avenue

Four tenants have leased a combined 12,000 square feet along a well-known retail corridor in Hudson County, in a series of deals arranged by The Goldstein Group.