Health Care & Education

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

Health Care
HELIX taps Portal Innovations to manage incubator at transformative New Brunswick project

The landmark Health & Life Science Exchange of New Jersey campus in New Brunswick has found a key partner for the project’s incubator space, announcing a pact with Portal Innovations to spearhead a facility for startups and entrepreneurs from nearby universities.

Health Care
Why New Brunswick’s new cancer hospital is personal for Morris family — and so many others

Fittingly so, it was a major construction project that helped pique Jack Morris’ interest when Harvey Holzberg, CEO of Robert Wood Johnson University Hospital, asked him to join the board of the New Brunswick institution. That was a quarter-century ago, as the planned Bristol-Myers Squibb Children’s Hospital was taking shape just west of RWJ’s main campus.

Health Care
Veteran transaction, property manager Swanson joins Clinical: Medical Real Estate Solutions

Clinical: Medical Real Estate Solutions, the newly launched real estate advisory firm, has added to its team with the hiring of Michael Swanson as director of portfolio transaction management.

Events
‘Spirit of philanthropy’ in full focus as United Way honors Kossar alongside Crow Holdings at Carteret, NEST projects

Nearly 400 commercial real estate leaders came together last week in support of United Way of Northern New Jersey, raising $347,000 as part of a program that honored top industrial broker Rob Kossar along with two high-profile development projects.

Health Care
BGO, Anchor Health buy 41,000 sq. ft. Montclair medical office building for $17.9 million

A joint venture has acquired a nearly 41,000-square-foot medical office building and an adjacent parking garage in downtown Montclair for $17.9 million, in a deal arranged by CBRE.

Retail
Stretching, athletic recovery facility takes 1,400 sq. ft. in Bridgewater, BRC says

A health and wellness concept is expanding with a newly signed lease at a Bridgewater shopping center, brokers with Bussel Realty Corp. announced Wednesday.

Health Care
Atlantic Physical Therapy opens at Kokes-owned property in Wall Township

Kokes Properties has welcomed a physical therapy practice to a new-look commercial building just east of Route 34 in Wall Township, the firm announced this week.

Retail
Net-leased daycare center property in Parsippany sells for $4.3 million, Marcus says

A private investor has purchased the site of a net-leased daycare center in Parsippany for $4.3 million, brokers with Marcus & Millichap announced last week.

Retail
JLL: IVX Health adding six locations in New Jersey with 14,000 sq. ft. in new leases

A fast-growing network of infusion clinics is expanding in New Jersey with six newly signed retail leases throughout the state, in a series of deals arranged by JLL.

Health Care
Longtime health care broker Marks launches advisory firm focused on medical space

Veteran broker Jonathan Marks has launched a new advisory firm focused on health care real estate, seeking to build on years of experience in the growing asset class.