Veris sells North Jersey apartment complex for $85 million
REIT looks to pay down $200 million loan
Veris Residential has sold an apartment complex in Morris County, New Jersey, for $85 million, which will be used to pay down a $200 million loan.
Sears slates store in Puerto Rico as next one to close
Chain may end up with only four locations left
Add another store to the list of Sears locations that are closing.
Retailers Perfumania, Fragrance Outlet follow scent of national expansion
Brands strike leases for more than two dozen new stores
Retailers Perfumania and The Fragrance Outlet are expanding their footprints by signing leases for 27 new stores at malls and outlet centers across the United States.
Once-giant Sears could soon be down to just five locations
Retailer to close California store while plans swirl around two others in Florida
One-time U.S. retail giant Sears is closing a store in California, and the future for two other locations is in question. The moves could leave the iconic chain that was once part ...
Prism wins approvals to add about 1,000 multifamily units to New Jersey’s ON3 campus
Developer can bring R&D facility, more retail to former Hoffmann-La Roche site
Prism Capital Partners has won local approvals to add nearly 1,000 multifamily units and a 150,000-square-foot research facility to ON3, the redevelopment of a large former Hoffman...
Rising US store closings on pace for record year
Midyear marked by planned shuttering of almost 6,000 locations, reflecting retail 'real estate churn,' analysis firm says
With nearly half the year gone, there have been almost 6,000 announced U.S. store closings, far surpassing openings in terms of number and square footage and driven by retail bankr...
CBRE lands leases for its North Jersey industrial park
Scentbird, Calibre Scientific bring Cottontail Logistics Center to full occupancy
CBRE has found two tenants to fully occupy the two industrial properties in North Jersey that it acquired earlier this year for $84 million.
Retail merger activity surges with $112.7 million deal for Big 5 Sporting Goods
Capitol Hill, Worldwide Golf to take California chain with 414 stores private
Big 5 Sporting Goods is being purchased by private equity firm Capitol Hill Group and Worldwide Golf in a $112.7 million deal that will take it private, part of a flurry of mergers...
CenterPoint adds to New Jersey industrial portfolio with $140.4 million purchase
Illinois company buys two distribution centers leased by DHL, T.J. Maxx
CenterPoint Properties has added to its growing New Jersey industrial portfolio, acquiring a pair of distribution centers in the Garden State for $140.4 million.
SJP kicks off construction of Nokia’s headquarters, research lab in New Jersey
Building is part of larger Helix innovation district
SJP Properties has kicked off construction of what it's calling the most advanced electronics lab in North America, one of the centerpieces of the life-science and tech hub being c...
Canned-food producer Del Monte looks to sell assets with Chapter 11 filing
California company has already started downsizing its physical footprint
Del Monte Foods, a household name for its canned goods, has filed for bankruptcy protection and is looking to sell its assets, including several plants. The company also wants to o...
Suburban Phoenix center sells for $645.1 million as mixed-use sites draw investors
Properties combining retail with multifamily space fare well in market
Mixed-use properties featuring not only retail but residential and office space have found favor with investors this year, with one in Arizona just fetching $645.1 million.
Champs ups its game with rollout of redesigned stores
Sportswear chain’s first two offerings debut in Florida, Oregon
Champs Sports is putting a new spin on its stores, unveiling a reimagined design in two locations that now offer a broad selection of footwear and apparel, as well as what the comp...
Walmart opens its first ‘case-ready’ beef packaging facility
Discount giant seeks to lower meat costs, bolster supply chain
Walmart is looking to lasso in rising beef costs.
Home Depot wins bidding for building supplier GMS with $5.5 billion deal
Retailer edges out QXO as it moves to acquire more than 400 distribution, service centers
The Home Depot is moving to expand its ability to serve professional contractors and home builders with its planned $5.5 billion acquisition of GMS, adding about 400 distribution c...
CrowdStrike founder expands portfolio with purchase of Arizona mixed-use center
Tech billionaire plans to invest $100 million for improvements at Scottsdale Quarter
Tech billionaire George Kurtz's real estate investment firm has acquired Scottsdale Quarter, a mixed-use complex in Arizona that he plans to pump $100 million into, updating its re...
Kushner to redevelop hotel, office site into apartments in New Jersey
Real estate company's plans include other multifamily projects in Garden State, South Florida
Kushner Cos. is redeveloping the former site of a hotel and aged office building in North Jersey into a multifamily property, part of a pipeline of roughly 4,000 residential units ...
North Jersey's District 15Fifteen begins filling retail tenant roster
Mixed-use redevelopment will be home to nearly 500 apartments
District 15Fifteen, a mixed-use redevelopment under construction in North Jersey, has already leased nearly half of the complex's retail space.
Newark redevelopment site anchored by IDT hits market
Skyline Towers property has approval for 2,438 housing units
A redevelopment site in New Jersey's biggest city, approved for nearly 2,500 residential units and anchored by a corporate headquarters, is up for sale.
JLL markets office-lab suites at tech hub underway in New Jersey
Plug-and-play space is available at the Helix in New Brunswick
Brokerage JLL has begun marketing plug-and-play lab suites at the 1.5 million-square-foot Health & Life Science Exchange, or Helix, campus under construction in New Brunswick, New ...