New Jersey shopping centers that once buzzed with a steady hum of activity have been quiet since late March, with most retail businesses shut down to contain the spread of COVID-19. Retail landlords are now scrambling to figure out how to deal with tenants who say they can’t pay rent because their revenue streams have stopped cold — even though property owners still have their own financial obligations.
Pierson Commercial has promoted one of its brokers to the position of director.
A retail broker at Sabre Real Estate Group has earned a promotion to principal in the firm’s New Jersey office.
Pierson Commercial has gained a foothold in some of New Jersey’s largest and best-known cities, fueling its growth in recent years while remaining just as active in the state’s suburbs and highway retail corridors.
R.J. Brunelli & Co. LLC has brought on a retail industry veteran to fill a newly created position.
NAIOP New Jersey has hired a new director of membership and special events.
A recent ruling by the U.S. Supreme Court will likely raise the cost of some online sales and provide an infusion of revenue for New Jersey’s state coffers, but its impact on commercial real estate may be limited.
Brokers, service providers and developers from the Garden State were among those on hand last week for the International Council of Shopping Centers’ annual RECon event in Las Vegas. Here are just some of the photos of New Jersey-based firms that attended the show.