Health Care & Education

The health care and education sectors are undergoing dramatic changes. So are their real estate needs.

Health Care
Construction underway for new 186,000 sq. ft. skilled nursing center in Montvale

The operator of what will be a new skilled nursing facility in Montvale has broken ground on the project, where it’s bringing new life to the former site of a vacant office building.

Health Care
Mental health practice takes 2,000 sq. ft. at Larken-owned campus outside Princeton

Larken Associates has secured a new medical office tenant, inking a lease with a mental health practice that will relocate to the firm’s Montgomery Commons property.

Professional Services
Glasgow, AIA Newark & Suburban Architects president, named principal of DIG

DIG Architecture has elevated Kelli Glasgow to the principal level, a move meant to strengthen its executive leadership team and reinforce what it says is a commitment to project excellence, mentorship and regional growth.

Office
Cash buyer grabs 26,000 sq. ft. medical office building in Basking Ridge, C&W says

A private investor has purchased a more than 26,000-square-foot medical office building in the Basking Ridge section of Bernards Township, brokers with Cushman & Wakefield announced.

Top News
Devco’s Paladino to be inducted into New Jersey Hall of Fame as part of star-studded 2026 class

One of the driving forces behind the transformation of New Brunswick and several other cities in the state is joining the New Jersey Hall of Fame.

Community
Oates, Frassetto named co-chairs of Hope for Children Research Foundation advisory board

The Hope for Children Research Foundation has tapped an esteemed New Jersey real estate executive and a New York Giants legend to lead its executive board of advisers.

Education
Embracing the future: NJIT’s Profeta Real Estate Center launches, with a focus on cross-disciplinary education for a changing industry

New Jersey Institute of Technology marked the official launch of the Profeta Real Estate Center, a program that will combine finance, engineering, architecture and environmental skills in one graduate degree to provide training in all aspects of development and management.

Industrial
C&W: Investor grabs 32,000 sq. ft. South Plainfield industrial building for $3.8 million

The site of a nearly 32,000-square-foot former GE Healthcare facility in South Plainfield has traded for $3.8 million, brokers with Cushman & Wakefield announced Wednesday.

Finance & Capital Markets
JLL: East Brunswick senior living facility taking shape with $35 million construction loan

The developers of a new 100-bed assisted living and memory care facility in East Brunswick have closed on more than $35 million in construction financing, in a deal arranged by JLL.

Education
NJIT’s Profeta Real Estate Center launching June 23, seeking to reshape real estate education

The Profeta Real Estate Technology, Design and Innovation Center will officially launch next week at New Jersey Institute of Technology, marking the start of what’s meant to be a pioneering cross-disciplinary program to produce the industry’s most well-rounded graduates.