Retail

Don't underestimate the power of Instagram-ability in restaurants. It can make or break a successful center.

Slated to open in 2020, Target leased 33,000 square feet from Tishman Real Estate Services for the small structure, a fraction of the size of its typical stores.

Talks about a slowdown in commercial real estate have been constant. However, developers and retail landlords are steadily rolling out projects to create value.

In its latest transactions as exclusive leasing agent for the Passaic County property, the Old Bridge, NJ-based brokerage firm reports it has completed leases with Ulta and The Paper Store at The Parke at Hamburg for a total of 16,000 square feet, with both expected to open in the third quarter of 2020.

Legacy Partners and architecture firm Tiscareno Associates had to think outside the box, creating 195 luxury living spaces, two major retail spaces and ample parking on a site with an unusual wedge shape.

Both private and institutional investors are looking carefully at fundamentals and remaining cautious.