Landlords hope to reap benefits from the major marketing missteps taken by the Papa John’s pizza chain as the company faces the prospect of closing 250 restaurants across the country. Throughout the U.S. commercial real estate market, including South Jersey retail space, landlords are concerned the chain’s highly publicized missteps by its former chief executive,… Read more »

Efforts are underway in the New Jersey state Legislature to eliminate the blight of vacant and half-empty malls and office complexes, properties that have fallen victim both to e-commerce and a new preference in corporate America for urban settings. “Buildings used, or previously used, as a shopping mall, shopping plaza, or professional office park,” that… Read more »

The vacancy rate in the nationwide retail market increased by 10 basis points for the second-consecutive quarter to reach 5.2 percent in the just-ended third quarter as retail leasing and net absorption slowed despite continued improvement in the broader economy and growing consumer spending power, according to CoStar analysts. A slowdown in third-quarter leasing performance… Read more »