Health Care & Education

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

Hospitality & Tourism
Prism wins key approval to bring Marriott AC, Element Hotel to ON3 campus

Prism Capital Partners has secured final site plan approval to build a 266-room hotel in Clifton, as it looks to further expand the mix of uses at its flagship ON3 campus.

Health Care & Education
NAI Hanson: Infusion service moves into New Jersey, leases 1,400 sq. ft. in Paramus

An infusion therapy service is expanding to New Jersey with a newly completed lease in Paramus, in a transaction arranged by NAI James E. Hanson.

Events
‘Meadowlands Cup’ golf event aims to highlight, build support for destination-based economy

Slated for Aug. 2, the first-ever Meadowlands Cup golf event will bring together business leaders and raise funds to support the Meadowlands 2040 Foundation— with a list of sponsors and participants that includes some of the state’s biggest names in the commercial real estate, construction and service industries.

Top News
C&W: Developer wanted for 271-acre development site at Princeton Forrestal Center

Princeton University is seeking a buyer for more than 270 acres along Route 1, where local officials have approved a broad mix of commercial, research, hospitality and residential uses.

Health Care & Education
Coremark sells Fair Lawn sites approved for senior living facility

The Coremark Group has completed the sale of a Bergen County development site that is slated to house a 101-unit senior living facility, the firm announced.

Health Care & Education
Demand for lab space still strong in New Jersey, fueling rent growth but little new construction

Continued demand for life sciences space in New Jersey and other top markets has fueled an uptick in rental rates over the past year, according to a new report by CBRE.

Top News
New Brunswick health care, education leaders break ground on $750 million cancer center

Construction is underway on what will be the latest addition to the New Brunswick skyline — a 12-story, 510,000-square-foot cancer hospital operated by two of the city’s anchor institutions.

Office
Atlantic Health inks extension, expansion for 533,000 sq. ft. Morristown campus

Atlantic Health System has signed an extension and expansion for more than 530,000 square feet at a three-building campus in Morristown, in a deal arranged by Colliers International.

Health Care & Education
Ridgewood doctor expands, acquires 1,200 sq. ft. medical office space, NAI Hanson says

A physician is expanding his footprint in Ridgewood, having acquired more than 1,200 square feet of condominium space at a medical office building in the borough.

Finance & Capital Markets
Newmark: Joint venture lands $76 million loan for 433-acre life sciences campus in Hopewell

An asset management firm is providing $76 million in financing for an investment group’s recent purchase of a 33-building, 1.11 million-square-foot life sciences campus in Hopewell.