Health Care & Education

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

Jersey City details $90 million, mixed-use performing arts complex at NJCU

Officials in Jersey City have taken the wraps off plans for a new $90 million performing arts complex on the city’s west side, the latest piece of a sweeping, mixed-use redevelopment of land owned by New Jersey City University.

Adaptive reuse in Livingston yields new facility for youth with special needs

A new facility with 53,000 square feet of recreational, therapeutic and educational space will soon open in Livingston, providing a second chance for a long-vacant building and a new home for a nonprofit that serves youths with special needs.

A new twist on mixed-use

As you’ll read in this month’s cover story, a joint venture is banking on health care as a key ingredient in a long-awaited, mixed-use project in Gloucester County. Consider that the 35-acre development, known as Washington Square Town Center, includes a 40,000-square-foot medical office building as a way to balance the amount of retail on the site. The plan also calls for a 110-bed assisted living facility, which will provide the tax revenue that might otherwise come from a more traditional commercial use.

HFF: ShopRite center, medical office building trade for $16.2 million

A developer has reaped more than $16 million from the sale of a grocery-anchored retail complex and a medical office building in Warren County, brokers with HFF said.

Kimmerle makes key hire for health care design practice

Kimmerle Group has set out to bolster its health care platform in the region with the recent hiring of a design industry veteran.

WCRE touts 4,200 sq. ft. medical office lease in Cherry Hill

A health care services company has leased more than 4,000 square feet at a medical office building in Cherry Hill, under a deal arranged by Wolf Commercial Real Estate.

Montvale office building sold, slated for conversion to medical

The buyer of a 14,000-square-foot office building in Montvale plans to convert the property to medical space, following a sale arranged by NAI James E. Hanson.

Progress brokers $4.4 million loan for Irvington medical office sites

Progress Capital Advisors has secured more than $4 million for a client to refinance and upgrade two medical office properties in downtown Irvington.

Stockton’s plan to buy Atlantic Club falls through, reports say

Stockton University’s plan to purchase the former Atlantic Club Casino Hotel has fallen through, marking the latest setback for the Atlantic City property more than four years after it closed its doors.

Nonprofit for rescue animals hopes to acquire Hackensack building, create innovation center

A nonprofit focused on improving the lives of rescue animals is hoping to turn a Hackensack building into a global innovation center, a plan that will be on display this weekend as the organization hosts donors and other supporters at the Route 17 property.