The 125-year-old building was recently awarded LEED Platinum certification and illy Caffe, Pilates Pro and Lite Bite have signed leases, adding to the building's ground-floor retail presence.

Commons at Hooper,1350 Hooper Avenue, Toms River, is on a major Ocean County retail corridor with an average daily traffic volume of approximately 40,000 vehicles per day.

Retail real estate developers will have to adapt quickly in order to stay in the game by choosing tenants who are online resilient, adding stores within stores and using service-based concepts with no inventory, say panelists at a recent BMC event.

Permits and starts as well as residential-construction jobs are increasing year-over-year, which could signal a turnaround for the housing market, says First American's Mark Fleming.