A new year is upon us, bringing new opportunities and new uncertainty for New Jersey’s commercial real estate market. To make sense of it all, we recruited some of the industry’s most influential professionals, developers and thought leaders to share their predictions for the year ahead. You can find those insights and more in our special 2020 Market Forecast.
Health Care & Education
The health care and education sectors are undergoing dramatic changes. So are their real estate needs.
Rose Commercial inks sale of 7,100 sq. ft. medical office building in Burlington Co.
An investment group has acquired a medical office building in Burlington County for nearly $900,000, in a newly completed transaction by Rose Commercial Real Estate.
Progress inks $130 million mortgage for Manhattan cancer center project
The developers of a new Memorial Sloan Kettering facility in Manhattan have landed $130 million in financing, under a newly announced transaction by Progress Capital.
Dental practice takes 2,300 sq. ft. in Glen Rock, NAI Hanson says
A pediatric dental practice is leasing 2,300 square feet of retail space at a mixed-use building in Glen Rock, brokers with NAI James E. Hanson announced Wednesday.
Monmouth students win intercollegiate real estate competition
The Kislak Real Estate Institute at Monmouth University recently hosted its second annual Intercollegiate Real Estate Academic Competition, where students from the West Long Branch school won top honors among six teams that participated.
WCRE: Surgery center coming to 50,000 sq. ft. medical office complex in Voorhees
A surgical center has leased 10,000 square feet at a medical office complex in Voorhees, under a newly announced transaction by Wolf Commercial Real Estate.
Repositioned life sciences campus in Bridgewater under new ownership, new platform
A joint venture is reaping the rewards of a plan to reposition a sprawling research and development complex in Bridgewater, having sold the campus for more than $150 million. All the while, the deal has cast a light on the allure of life sciences as a real estate investment class and the power of collaboration by brokers across multiple geographic markets.
PRC, Circle Squared unveil Jersey City rental building at NJCU-led project
A joint venture has taken the wraps off a new 144-unit luxury apartment building in Jersey City, the latest piece of a high-profile redevelopment effort led by New Jersey City University.
WCRE inks sale of Burlington City elementary school building
The Burlington City school district has sold a nearly 14,000-square-foot facility, in a transaction arranged by Wolf Commercial Real Estate.
CBRE inks sale of eight-acre redevelopment site in Morris County
A developer has acquired a vacant former supermarket property in Morris County, where it’s now planning a multiservice medical office center.
