Retail
Marcus: Net-leased dollar store property sells for $1.7 million

A private buyer has closed on a 10,000-square-foot dollar store property in Trenton, acquiring the net-leased asset for more than $1.7 million.

Professional Services
Clarke Caton Hintz names new principal

Clarke Caton Hintz has named a new principal, elevating a longtime leader with the architecture industry’s top trade association.

Retail
Commercial driving school taps R.J. Brunnelli, eyes new locations in New Jersey

A commercial driving school has picked R.J. Brunelli & Co. to oversee its expansion in New Jersey, the retail brokerage firm announced Monday.

Government & Public Policy
Investors Bank’s Cummings named board chair at Greater Trenton

Greater Trenton, the capital city’s nonprofit economic development arm, has tapped Investors Bank CEO and President Kevin Cummings as its new board chairman.

Office
JLL: Transit hub submarkets stay on track with rent growth, tenant demand

Office markets around New Jersey’s transit hubs are still outshining their suburban counterparts, with a widening gap in asking rents and continued interest from major tenants.

Government & Public Policy
NJAA adds new VP of government affairs

The New Jersey Apartment Association has made a new addition to its influential government affairs team.

Residential & Mixed Use
CBRE: Garden, high-rise apartment portfolio fetches $146 million

A longtime New Jersey apartment owner has reaped $146 million from the sale of seven properties in Essex, Monmouth and Mercer counties, brokers with CBRE said Tuesday.

Government & Public Policy
Murphy signs ‘land bank’ bill allowing cities to assemble, reposition blighted property

A newly enacted law allows New Jersey municipalities to assemble blighted properties within their borders, creating land banks that they can use to spur much-needed redevelopment.

Government & Public Policy
Led by Willoughby, Business Action Center lends its support to developers, tenants

The state’s Business Action Center has long billed itself as a one-stop shop for helping companies grow in New Jersey and attracting new ones from out of state. That often means finding solutions for commercial real estate needs, from helping a scientist find lab space to assisting Amazon with its ever-growing network of fulfillment centers. It also means helping developers and their professionals navigate the web of state agencies that are involved in real estate decisions, from NJ Transit to the Department of Environmental Protection.

Government & Public Policy
Liquor license reform bill advances in Assembly

A bill that would create new specialized, lower-cost liquor licenses and likely provide a boost to New Jersey’s commercial real estate sector has cleared another hurdle in the Legislature.