Health Care & Education

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

Health Care & Education
Demand for lab space still strong in New Jersey, fueling rent growth but little new construction

Continued demand for life sciences space in New Jersey and other top markets has fueled an uptick in rental rates over the past year, according to a new report by CBRE.

Top News
New Brunswick health care, education leaders break ground on $750 million cancer center

Construction is underway on what will be the latest addition to the New Brunswick skyline — a 12-story, 510,000-square-foot cancer hospital operated by two of the city’s anchor institutions.

Office
Atlantic Health inks extension, expansion for 533,000 sq. ft. Morristown campus

Atlantic Health System has signed an extension and expansion for more than 530,000 square feet at a three-building campus in Morristown, in a deal arranged by Colliers International.

Health Care & Education
Ridgewood doctor expands, acquires 1,200 sq. ft. medical office space, NAI Hanson says

A physician is expanding his footprint in Ridgewood, having acquired more than 1,200 square feet of condominium space at a medical office building in the borough.

Finance & Capital Markets
Newmark: Joint venture lands $76 million loan for 433-acre life sciences campus in Hopewell

An asset management firm is providing $76 million in financing for an investment group’s recent purchase of a 33-building, 1.11 million-square-foot life sciences campus in Hopewell.

Office
Medical office owner adds Englewood facility, expanding New York-area holdings

A joint venture has purchased a nearly 38,000-square-foot medical office building in Englewood as part of an expansion in the New York metropolitan area.

Health Care & Education
Construction firm touts new assisted living projects in Central Jersey, Long Island

A construction firm is marking the completion of two assisted living facilities in the region, including a 114-bed property in Union County.

Residential & Mixed Use
NJIT, developers break ground on 548-bed residence hall in Newark

Construction is set to begin on a new eight-story, 548-bed residence hall at the New Jersey Institute of Technology’s campus in Newark, one that will create much-needed space for the university and repurpose the former site of an elementary school.

Office
Colliers inks sale of 55,000 sq. ft. medical office building in Oradell

An investor has acquired more than 55,000 square feet of medical office space in Bergen County, under a transaction arranged by Colliers International.

Retail
Development team, local leaders unveil new CVS Pharmacy in Plainfield

A development team led by CHA Partners joined local officials recently to unveil a new CVS Pharmacy in Plainfield.