Redevelopment is coming to some of New Jersey’s largest malls, as owners and local officials weigh plans to add apartments, health care facilities and vibrant public spaces meant to infuse them with new foot traffic. Proponents say the projects are essential to the long-term health of even the most successful assets. In other cases, they’re a potential lifeline to once-dominant shopping hubs that have become obsolete and seen their values plummet in recent years.
Bed Bath & Beyond is winding down its business after announcing Sunday that it has filed for Chapter 11 bankruptcy protection, while leaving the door open for a limited sale of its assets.
NAIOP New Jersey welcomed a crowd of 300 for its annual President’s Awards and Hall of Fame Dinner, honoring eight commercial real estate industry leaders spanning multiple generations, in one of the association’s most popular events of the year.
Eight key players in the state’s commercial real estate sector will take the stage in early November as part of NAIOP New Jersey’s annual President’s Awards and Hall of Fame Dinner.
The Birch Group has made another major addition to its suburban office holdings in the region, acquiring a prominent two-building campus on Long Island for $212 million.
Alfred Sanzari Enterprises has completed a new lease that will bring a pharmaceutical company to its mixed-use Glenpointe campus in Teaneck.
One of the nation’s largest specialty laboratories has renewed its three-building, 160,000-square-foot lease across three Elmwood Park properties owned by Alfred Sanzari Enterprises.
Alfred Sanzari Enterprises has signed a lease with Star Hill Financial for 1,771 square feet and a lease renewal with Business Solution Providers for 1,050 square feet, both at Court Plaza in downtown Hackensack.
Alfred Sanzari Enterprises has signed a 1,614-square-foot lease expansion with the Center for Developmental Psychiatry at The Atrium at Glenpointe in Teaneck.
Developers say the future of retail is now on display in Roxbury, where Advance Realty Investors has transformed an aging, enclosed mall into a 450,000-square-foot, open-air destination with centralized parking and a new Walmart Supercenter as its anchor.