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.

Finance & Capital Markets
CBRE institutional properties team inks 23 deals for $1.5 billion in 2020

The CBRE team behind a host of high-profile investment sales in the region closed 23 transactions in 2020, the firm announced, touting a combined value of more than $1.5 billion.

Retail
R.J. Brunelli: Family Dollar inks 12,000 sq. ft. lease in Bergen County

Family Dollar is taking nearly 12,000 square feet at a Bergen County shopping center, where it will take over a space currently occupied by a sister chain.

Retail
Grocer signs new 24,500 sq. ft. lease at Jersey City shopping center, LMC says

A local grocery chain has signed a new 24,500-square-foot lease at a Jersey City shopping center, under a newly completed transaction by Levin Management Corp.

Retail
NAI Hanson: E-scooter company eyes first showroom, signs retail lease in Budd Lake

An online seller of electric bikes, scooters and motorcycles is opening its first showroom after signing a lease at a Morris County retail building, according to NAI James E Hanson.

Professional Spotlight
MSW names new counsel in commercial real estate, finance groups

Murphy Schiller & Wilkes LLP has added a veteran attorney to its growing commercial real estate and finance practice groups, the Newark-based firm announced.

Office
Investors Bank sells, leases back Robbinsville building in $20 million deal, C&W says

Investors Bank has sold and leased back its well-known office and retail building in Robbinsville, under a newly announced transaction by Cushman & Wakefield.

Office
Two new tenants coming to historic Jersey City office, retail building

Two new tenants have taken space at a historic commercial building in Jersey City, under a set of newly completed leases by Grid Real Estate.

People
Sommer joins Kushner Cos. as executive VP for development, construction

A veteran development executive has joined Kushner Cos., bolstering its team as the firm continues to grow its pipeline in the region and throughout the East Coast.

Retail
Five Guys now open at Burlington County retail center, LMC says

Fast-casual burger chain Five Guys has debuted a new location in Burlington County after signing a 2,700-square-foot lease there early last year.

Government & Public Policy
Flemington taps global consulting firm, launches downtown revitalization plan

Armed with a $100,000 state grant, the borough of Flemington is taking new steps to draw private development and community-focused investment to its historic downtown.