Health Care & Education

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

Deals
NAI Hanson inks sale of Hackensack land site slated for 15,000 sq. ft. daycare center

Plans for a new daycare center in Hackensack are moving forward after the sale of a nearly half-acre development site for the facility, according to a broker with NAI James E. Hanson.

Professional Services
DMR unveils practice for fast-growing New York City pipeline

DMR Architects has launched a dedicated practice for projects in New York City, where it has a growing pipeline after having already completed hundreds of designs over more than 15 years.

Office
KABR, Kushner detail three leases for 9,400 sq. ft. at Journal Square office tower

The KABR Group and Kushner have signed three new leases at a newly renovated, 111,000-square-foot office tower in Jersey City’s iconic Journal Square neighborhood.

Health Care & Education
RWJBarnabas Health names first-ever EVP of facilities management, real estate development

RWJBarnabas Health has created a new position focused on its physical footprint and construction activities, tapping a veteran health care real estate executive to fill the role.

Office
NAI Hanson: Investor buys 26,000 sq. ft. medical office building in Bergen County

NAI James E. Hanson has negotiated the sale of a 25,944-square-foot medical office building in Fair Lawn, the real estate services firm announced Thursday.

Finance & Capital Markets
Kennedy Funding lends $4.85 million for planned Alzheimer’s patient home in Jacksonville

A joint venture has obtained a $4.85 million loan in connection with a planned Alzheimer’s disease care facility in Jacksonville, Florida, in a newly completed deal by Kennedy Funding.

Top News
Devco celebrates Title IX anniversary, women’s sports at Rutgers in latest NIL deal

New Brunswick Development Corp. has unveiled its latest partnership with collegiate athletes at Rutgers University, as it marks the 50th anniversary of the historic Title IX gender equality law and the arrival of women’s sports at the school’s flagship campus.

Industrial
NAI Hanson: U.K.-based dental lab inks lease in Lodi for first U.S. location

A dental laboratory has secured its first U.S. location with a newly signed lease at a Bergen County industrial building, according to brokers with NAI James E. Hanson.

Office
Buyer wanted for 49,000 sq. ft. office, medical building in Monmouth County

The owner of a nearly 50,000-square-foot office and medical building in Monmouth County is seeking a buyer for the property.

Editor’s Note
Bolstering the ranks

As you’ll read in this month’s cover story, Prologis’ growing team is supporting a portfolio that now spans 44 million square feet across 200 properties in New Jersey and New York. Growing that footprint will come in a number of ways, Harty said, including the types of creative, value-add projects that involve redeveloping former office campuses. That, in turn, requires additional development and construction personnel like the kind that Prologis has added in recent months. And it comes as the company also hires for what’s known as its Essentials platform, which provides services to tenants such as helping them source materials for their building fit-outs, in a bid to engage them “beyond the four walls and the real estate.”