Health Care & Education

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

People
Casiello joins ACDevco board of directors

A local resident and well-known commercial real estate professional has joined the board of ACDevco, the nonprofit developer focused on key projects in Atlantic City.

Health Care & Education
C&W inks $3.6 million sale of Englewood medical office building

A private investor has acquired a nearly 16,000-square-foot medical office building in Englewood, under a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets
G.S. Wilcox sources $44 million loan for Pennsylvania medical office building

The owner of a 70,000-square-foot medical office building in Eastern Pennsylvania has secured $44 million in financing, in a deal arranged by G.S. Wilcox & Co.

Health Care & Education
Colliers: Private equity firm adds 30,000 sq. ft. medical office building in Edison

A private equity firm has purchased a 30,000-square-foot medical office building in Edison, under a newly completed transaction by Colliers International.

Retail
Kumon adds locations in Princeton, Bucks County, Lee & Associates New Jersey says

A learning center chain is expanding its footprint in the region with the completion of new leases in central New Jersey and Bucks County, Pennsylvania.

Top News
Liberty Science Center kicks off $300 million, mixed-use expansion in Jersey City

The Liberty Science Center has broken ground on a sweeping, $300 million expansion that will add a new business incubator, a high school and 400 apartments to its campus in Jersey City.

Office
Animal hospital coming to newly sold Haddon Twp. building, Vantage Commercial says

A veterinary practice has acquired a nearly 3,300-square-foot commercial building in Haddon Township, in a newly announced transaction by Vantage Commercial.

Sponsored Content
It’s here: Preparing for the upcoming recreational cannabis haze and craze

It is anticipated that state regulators will unveil the application process at any time within the next several weeks in order to commence the processing and issuance of recreational cannabis licenses in New Jersey. Thus, there is considerable excitement amongst real estate operators and potential cannabis businesses for the inevitable rapid and (likely) significant growth of the cannabis industry in New Jersey in the coming months and years. Notwithstanding such, as cannabis businesses will be highly regulated at both the state and local level (and remain illegal under federal law), it is critical that property owners and business owners fully evaluate the many regulatory, zoning, operational, and financing challenges associated with utilizing properties for cannabis uses.

Health Care & Education
Murphy, industry leaders break ground on 550,000 sq. ft. research campus in New Brunswick

Construction is set to begin on a two-building, 555,000-square-foot research complex in New Brunswick, the future home of the state’s flagship medical school and a place where startups can work side by side with New Jersey’s top health care and academic institutions.

Health Care & Education
CHA unveils new hospitality-infused, 100,000 sq. ft. senior living facility in East Hanover

A developer has unveiled a new 123-unit senior living facility in East Hanover, the first piece of what is slated to be a new hospitality-focused brand in health care and real estate.