Real Estate News

The basics: Tim Sullivan steps down as NJEDA CEO after nearly 8 years Final day featured the groundbreaking of 1888 Studios in Bayonne, a significant project for NJ’s film and TV industry Sullivan led NJEDA since 2018, steering pandemic relief and diversified economic growth Deputy CEO Mary Maples named acting CEO as the state [...]

Von Maur Department Stores is making its New Jersey debut. Scheduled to open in fall 2027 at Freehold Raceway Mall in Freehold, the three-level, 164,000-square-foot store will offer a mix of brand-name and specialty apparel, shoes, accessories and gifts. It will also feature the retailer’s “hallmark residential ambiance” that includes plush [...]

The basics: Hain Celestial appointed interim CEO Alison Lewis to the role permanently Lewis has led cost-cutting and margin improvement efforts since May The CPG veteran previously held senior roles at Kimberly-Clark and J&J Hain continues to streamline its portfolio amid declining sales As Hain Celestial continues efforts to shore up its struggling business, the [...]

Discount fashion chain Nordstrom Rack is adding another store in New Jersey. After signing a lease for a 30,000-square-foot space at Willow Ridge Plaza in Marlton, the retailer expects to open by fall 2026, according to a Dec. 16 announcement. A sister brand of luxury department store Nordstrom, Nordstrom Rack offers discounts [...]

Dunkin’ is celebrating the relaunch of a newly remodeled store in New Jersey by giving away a year’s worth of coffee. As part of grand-reopening festivities set for Dec. 22 in Lodi (179 Route 46 W.), the first 100 customers in line at 11 a.m. will receive a coupon booklet allowing [...]

The basics: Groundbreaking held for 1888 Studios on Bayonne‘s former Texaco waterfront site Project will include up to 1.6M square feet of film and TV production space Paramount signed a 10-year lease for more than 285,000 square feet Development is expected to create thousands of union jobs and major economic impact Officials gathered Dec. 16 [...]

Bob’s Discount Furniture is preparing to unveil a new showroom in South Jersey. Located at 230 Consumer Square in Mays Landing, the 33,000-square-foot store is scheduled to open Jan. 16, 2026, according to the value-driven chain. The soon-to-launch store will replace an existing Bob’s about a mile away at 4403 Black Horse [...]

The basics: Factory testing completed for the first two Hudson Tunnel Project TBMs Custom-built machines will ship from Germany to New Jersey in early 2026 First TBM is expected to begin tunneling beneath the Hudson River in spring Gateway Development Commission approved construction updates and budget actions The Gateway Development Commission marked a major milestone [...]

The basics: Total Atlantic City gaming revenue reached $636.2M in November, up 14.2% In-person casino win hit a 14-year November high at $236.8M Internet gaming and sports wagering posted double-digit growth Borgata, Hard Rock and Ocean Casino Resort led casino win totals Total gaming revenue for casinos, racetracks and their partners was $636.2 million in [...]

The basics: NJBIZ hosted a virtual roundtable on New Jersey construction and development trends Panelists discussed how tariffs are affecting project costs, timelines and financing Rising energy costs and power availability were cited as growing risks for projects Health care and industrial sectors remain active despite cost and infrastructure pressures As part of NJBIZ’s latest [...]