Health Care & Education

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

NAI Hanson: Orthopedic, physical therapy practice takes 7,300 sq. ft. in Paramus

An orthopedic and physical therapy practice has leased nearly 7,300 square feet of medical office space in Paramus, brokers with NAI James E. Hanson said Tuesday.

Lee & Associates: Buyer sought for new-look, 34,000 sq. ft. school building in Newark

A renovated school property in Newark is on the market for sale, in a newly announced offering by Lee & Associates New Jersey.

NAI Hanson promotes three brokers to associate vice president

By Tina Traster NAI James E. Hanson has promoted Justin Allessio, William Ericksen and Andrew Kirshenbaum to the role of associate vice president, the Teterboro-based firm announced. The company said that, since joining NAI Hanson in winter 2017, Alessio has…

Larken Associates inks expansion for pediatric dental office near Princeton

A child dental practice has expanded its footprint at a Montgomery office park as part of a recent lease with Larken Associates.

Demolition begins in East Brunswick as builders, officials prepare to transform Route 18

A development team has started demolition of a blighted, long-vacant retail complex along Route 18 in East Brunswick, in a critical step in a plan to build new apartments, commercial space and other uses as part of a destination spanning dozens of acres.

Nonprofit eyes rehab, expansion of Trenton home as permanent hub for living and learning

A nonprofit serving marginalized high school girls in Trenton has purchased a three-story house in the city that it now hopes to renovate into a permanent dwelling for the organization, one that would nearly quadruple its student population, while bringing its team of educators and administrators under one roof.

Joint venture buys Clifton medical office building for $16 million, C&W says

A partnership has purchased a nearly 63,000-square-foot medical office building in Clifton for $16 million, brokers with Cushman & Wakefield announced Thursday.

Cardio practice takes 6,500 sq. ft. in renewal, expansion at Larken property in Flemington

Larken Associates has negotiated a lease renewal and expansion to 6,456 square feet with a cardiology provider in Flemington.

Buzzworthy

As you’ll read in this month’s cover story, the large, high-profile office deal is alive and well in the pandemic’s aftermath, as blue-chip employers make major investments in their physical footprint. That’s evident by several outsized leases in New Jersey this year of 100,000 square feet or greater, and market experts say there are likely more to come, as corporations look to support their growth while creating a “commute-worthy” environment for its distributed workforce.

Murphy touts $49 million upgrade of New Brunswick train station, as development booms

The New Brunswick train station is a getting a nearly $50 million upgrade, thanks to an infusion of state funds detailed Friday by Gov. Phil Murphy and other officials.