People
Valley National Bank names new head of CRE lending

By Joshua Burd Valley National Bank has tapped one of its longtime lenders and managers as the new head of its commercial real estate department. The Wayne-based bank said this week that it has appointed Christopher J. Coiley to the…

Retail
Toys R Us set to liquidate in New Jersey, nationwide

Nearly 30 remaining Toys R Us stores in New Jersey are among more than 700 that will likely close or be sold nationwide, as the chain succumbs to a decline fueled by competition from e-commerce and its crushing debt burden.

People
Contractor, developer names new senior project manager

Donnelly Construction has promoted a longtime employee to senior project manager, the Wayne-based general contractor and developer announced Friday.

Retail
Investor secures $18.7 million for Wayne retail acquisition

HFF has arranged $18.7 million in financing for an investor to acquire an 84,000-square-foot shopping center near the Willowbrook Mall in Wayne, the firm said Wednesday.

Finance & Capital Markets
Valley touts $650M in recent CRE loan volume

Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.

Retail
Dave & Buster’s coming to Woodbridge, mayor says

Woodbridge Mayor John McCormac announced that Dave & Buster’s will open a location this November at the Woodbridge Center mall. Construction is set to begin this month on the 34,000-square-foot store, which will occupy an upper level formerly used by Sears, now that retailers in the space have been relocated within the mall.

Finance & Capital Markets
Wilcox touts financing for two N.J. industrial properties

G.S. Wilcox & Co. has secured more than $12 million in financing for developers involved in two recent transactions in Passaic and Somerset counties, the firm announced.

Retail
Macy’s closing 3 N.J. stores among nationwide cutbacks

Three Macy’s stores in New Jersey are among nearly 70 that will close nationwide this year, as the department store giant looks to streamline its costs and rethink its real estate strategy.

Finance & Capital Markets
Gebroe-Hammer duo brokers more than $300M in sales in 18 months

A team of brokers with Gebroe-Hammer Associates is marking more than $330 million in sales brokered over the past 18 months, a deal volume that includes more than 1,700 units.

Health Care & Education
Rockefeller marks milestones with cancer center, FedEx projects

The Rockefeller Group has marked another step in its high-profile redevelopment plan in Florham Park — and it’s preparing to celebrate another project less than 20 miles away.