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$70.4M Sale Of NJ Mall Means $155.7M Loss For Investors, Report Says $70.4M Sale Of NJ Mall Means $155.7M Loss For Investors, Report Says
$70.4M Sale Of NJ Mall Means $155.7M Loss For Investors, Report Says Seventy million may seem like a lot. But context is everything. New Jersey's troubled Woodbridge Center sold to an unnamed buyer for $70.4 million in February, according to credit-rating firm Kroll. While the sale resolved a loan issue, investors suffered a $155.7 million loss, Kroll Bond Rating Agency (KBRA) said. In 2015, the 1.7 million-square-foot mall was acquired by Brookfield when it was appraised at $366 million, according to CoStar, a DC-based commercial real estate firm that analyzes market trends. The February 2024 sale was even lower than its most recent appraisal last Oct…

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by Cecilia Levine
Business
Millburn Deli Being Sold To Jersey Mike's? Check The Date Millburn Deli Being Sold To Jersey Mike's? Check The Date
Millburn Deli Being Sold To Jersey Mike's? Check The Date The Millburn Deli gave its customers quite a scare with an announcement that ended up being an April Fool's Day joke. On Sunday, March 31, the iconic deli, which has locations in Millburn, Morristown, Montclair and Westfield, told customers on Facebook it was being sold to Jersey Mike's.  Customers freaked out until the deli, a Millburn institution since 1946, revealed the ruse. "We apologize for the scare and thank you for all the love," the deli wrote. "Millburn Deli has and always will be the Millburn Deli. Don't take your hanger out on our employees this week." And yes, the deli …

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by Sam Barron
Business
Ocean State Job Lot Will Bring Bargains To Eighth New Jersey Location Ocean State Job Lot Will Bring Bargains To Eighth New Jersey Location
Ocean State Job Lot Will Bring Bargains To Eighth New Jersey Location A Rhode Island-based chain of discount stores is expanding in the Garden State. Ocean State Job Lot will open a new location in the Kohl's Plaza on Route 35 in Holmdel. The company announced the newest store in a news release on Thursday, Mar. 28. The store will be in the former Stein Mart location and offer more than 37,000 square feet of shopping space. It was expected to open in the late summer or early fall of 2024, and online job applications will begin in late spring. The location is about 15 minutes from the former Ocean State Job Lot store in Shrewsbury that closed in 2019. "We ar…

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by Chris Spiker
Business
New Italian Restaurant Opens In Bridgewater New Italian Restaurant Opens In Bridgewater
New Italian Restaurant Opens In Bridgewater The dining scene in Bridgewater is getting a big boost. Mia Sorella 202 recently opened in the township at 793 US-202.  Posted by Mia Sorella 202 on Friday, March 8, 2024 The restaurant offers standard Italian dishes like masala, piccata and chicken francese. It also offers chicken or veal sam topped with eggplant, fresh tomatoes and fresh mozzarella in a brandy demi glaze sauce, chicken or veal mona lisa, a ​chicken breast or veal sauteed by scallops, mushrooms, sun-dried tomatoes a spinach in a pink sauce, and so much more. Other dishes include spaghetti and meatballs a…

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by Sam Barron
Business
McDonald's, Krispy Kreme Announce Nationwide Partnership: Here's How, When It Will Work McDonald's, Krispy Kreme Announce Nationwide Partnership: Here's How, When It Will Work
McDonald's, Krispy Kreme Announce Nationwide Partnership: Here's How, When It Will Work It could be the sweetest of partnerships. McDonald's and Krispy Kreme are teaming up for a national expansion. Customers will begin spotting Krispy Kreme doughnuts in their local McDonald's restaurants later this year as part of a phased market rollout across the US.  Nationwide availability at participating restaurants is expected by the end of 2026, McDonald's announced on Tuesday, March 26. Three of Krispy Kreme’s most popular doughnuts will be delivered fresh to McDonald’s restaurants daily. They’ll be available individually, or in boxes of six, starting at breakfast and las…

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by Joe Lombardi
Business
Acclaimed French Restaurant Opening Second Location In Hudson County Acclaimed French Restaurant Opening Second Location In Hudson County
Acclaimed French Restaurant Opening Second Location In Hudson County Diners in Hudson County are going to be saying "ooh la la" to its newest addition to the restaurant scene. Faubourg, a French restaurant that opened to acclaim in Montclair in 2019, is opening a second location in Weehawken this summer at 1100 Avenue at Port Imperial, a block from the Hudson River waterfront.  View this post on Instagram A post shared by Faubourg Montclair (@faubourgmontclair) Dominique Paulin and Chef Oliver Muller said every detail in the new restaurant is "meticulously planned" to enhance the guest experience, with Fa…

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by Sam Barron
Business
Buffalo Wild Wings Opens In North Jersey, Offering Free Wings For A Year Buffalo Wild Wings Opens In North Jersey, Offering Free Wings For A Year
Buffalo Wild Wings Opens In North Jersey, Offering Free Wings For A Year Want to eat 312 chicken wings over the course of a year for free? Head to Bergen County and get in line. The first Buffalo Wild Wings in Bergen County is opening in Fair Lawn on Wednesday, March 27 at 2108 Maple Ave. in the ShopRite Shopping Plaza at 10:30 a.m.  The first 50 guests in line will get a voucher for six free wings every week for 52 weeks at the Fair Lawn location. The 1,300 square-foot restaurant will offer traditional and boneless wings, chicken tenders, chicken sandwiches, burgers, sides and 26 Buffalo Wild Wings signature sauces and dry rubs. The restaurant is open Su…

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by Sam Barron
Business
Goodbye Starbucks, Hello Slammin' Brew, Newest Coffee Shop In Trenton Goodbye Starbucks, Hello Slammin' Brew, Newest Coffee Shop In Trenton
Goodbye Starbucks, Hello Slammin' Brew, Newest Coffee Shop In Trenton Starbucks may be leaving Trenton. But no worries because there's a new coffee shop in the city at 24 South Warren St. Slammin' Brew is set to hold a ribbon-cutting ceremony on Wednesday, April 3 at 11:30 a.m. It officially opened on Monday, March 18. In addition to coffee and specialty drinks and pastries, Slammin' Brew serves sandwiches and salads. Its new manager, Megan Morelli, had managed a Starbucks at Target in South Brunswick. "That's where my coffee journey started," Morelli said.  Slammin' Brew employs about nine people. "We're definitely here for the community," Morelli …

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by Jon Craig
Business
Shell To Close 1,000 Gas Stations: Here's Why, Company Says Shell To Close 1,000 Gas Stations: Here's Why, Company Says
Shell To Close 1,000 Gas Stations: Here's Why, Company Says One of the nation's major oil companies says it will close 1,000 gas stations. Shell made the announcement in its 2024 Energy Transition Strategy report, saying the measure is “in response to customer needs” and aimed at reallocating those resources towards EV charging stations. Shell said it will close 500 stations in 2024 and the other 500 in 2025. "We believe growth in oil demand is set to slow in the second half of this decade and could start falling in the 2030s because of increasing vehicle efficiency and growth in electric vehicles," the company stated in the report. "Toda…

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by Joe Lombardi
Business
Candy Company Makes $70 Million Investment To New Jersey Site Candy Company Makes $70 Million Investment To New Jersey Site
Candy Company Makes $70 Million Investment To New Jersey Site Mars is continuing its commitment to Warren County. The company that produces M&Ms, Snickers, Altoids, and Ben's Original announced a $70 million investment to its site in Hackettstown.  The money will go toward a new Research and Development Innovation Studio, including a new test kitchen and packaging lab. Mars celebrated the investment with a ribbon cutting that included an appearance by the blue and red M&Ms. "The continued investment in our Hackettstown site re-affirms our commitment to innovation in New Jersey," Anton Vincent, the president of Mars Wrigley North America…

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by Sam Barron
Business
Starbucks Delays Closing Trenton Store Starbucks Delays Closing Trenton Store
Starbucks Delays Closing Trenton Store Amid intense lobbying by New Jersey federal, state and local officials, Starbucks has delayed closing its Trenton store. The popular coffee chain previously announced a closing date of March 30. A company spokeswoman did not say when the store will now close. "Yes, we have extended the closure date for our Trenton Community Store to support transition for our customers and the community; we look forward to serving our customers at nearby Starbucks locations," she said. Trenton's Starbucks employees have been offered jobs at surrounding stores in Lawrence Township, Hamilton Township, Penni…

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by Jon Craig
Business
New 24-Hour ShopRite Opens In NJ New 24-Hour ShopRite Opens In NJ
New 24-Hour ShopRite Opens In NJ It's here.  After years of anticipation, ShopRite's newest 24-hour full-service store has opened in Old Bridge. Located in the Glenwood Green Shopping Plaza at the intersection of Route 9 and Schulmeister Road, the store includes a café named the Knight’s Loft, inspired by Old Bridge High School athletic teams. Encompassing more than 80,000 square feet, the store features expert butchers and an expanded produce department. Customers will find chef-prepared grab-and-go options including hand-rolled sushi, gourmet meals and sandwiches, a Shuk Kosher kitchen and prepared meals, over 600…

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by Jon Craig