Health Care & Education

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

Owner of Clifton office building refinances for $35 million, Progress Capital says

The owner of a 203,000-square-foot office building in Clifton is refinancing for more than $35 million, following efforts to lease up the property after acquiring it in 2018.

Health system acquires ex-Sears store in Moorestown as part of mall redevelopment

A hospital system has acquired a former Sears building at a Burlington County mall, with plans to transform the structure into a 165,000-square-foot specialty care facility.

The Rock Brook Consulting Group: Pushing the limits of design

As we adapt to a new way of living and working amidst a global pandemic, the concept of adaptive reuse has been more attractive than ever. For commercial real estate, the strategy of repurposing empty, ubiquitous office space into profitable areas has been a game changer in reducing low occupancy rates and reviving development deals.

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.

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.

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.

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.

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.

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.

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.