Health Care & Education

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

Top News
NJIT launching real estate, entrepreneurship centers with gift from Profeta, its largest ever

The New Jersey Institute of Technology is launching new education and research centers focused on real estate and entrepreneurship, following a gift from The Paul V. Profeta Foundation that amounts to the largest-ever donation to the Newark-based university.

Office
East Windsor medical office portfolio sold for $20 million, Colliers says

A developer has sold a two-building, 80,000-square-foot medical office portfolio in Mercer County, in a newly announced transaction by Colliers International.

Residential & Mixed Use
Liberty Science Center names developer for 400 apartments at ‘SciTech Scity’ project

The Liberty Science Center in Jersey City has tapped a New York-based developer to build 400 apartments on an adjacent property, with plans to market the units to entrepreneurs, teachers, students and others as part of a sweeping innovation campus alongside the facility.

Industrial
Sheldon Gross: Novartis subsidiary expands in Millburn, acquires 5,000 sq. ft. building

A life sciences company has expanded its footprint in Millburn with its purchase of a 5,000-square-foot commercial building, according to brokers with Sheldon Gross Realty.

Professional Services
BLS & Co. expands site selection, incentives team with newest hire

Biggins Lacy Shapiro & Co. LLC has added to its Princeton-based team with the hiring of a new site selection and incentives consultant.

Residential & Mixed Use
Developers partnering with state, University Hospital for new affordable housing in Newark

A new 78-unit affordable housing development is coming to Newark’s West Ward as part of a collaboration among state officials, private-sector builders and a key hospital in the city.

Retail
R.J. Brunelli inks 1,500 sq. ft. lease for CBD chain, eyes expansion in Central Jersey

A wellness products chain is expanding to Monmouth County, as a franchisee works alongside R.J. Brunelli & Co. to find other locations in central New Jersey.

Office
Merck officially lists 2 million sq. ft. headquarters, R&D campus in Kenilworth

A year after announcing plans to vacate its Kenilworth headquarters, Merck & Co. has officially placed the nearly 2 million-square-foot office and research campus on the market for sale.

Office
Dermatologist takes 7,100 sq. ft. in Ramsey, NAI Hanson says

A dermatology practice is moving inside Bergen County after leasing more than 7,000 square feet of medical office space in Ramsey, according to brokers with NAI James E. Hanson.

Professional Services
March Associates announces new hires in project management, estimating

March Associates Construction Inc. has announced four new additions to its project management and estimating teams.