Health Care & Education

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

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.

Health Care & Education
Dentist finds new location in Englewood Cliffs, leasing 1,100 sq. ft.

A dental practice is moving within Englewood Cliffs after signing a new lease for 1,100 square feet of medical office space, brokers with NAI James E. Hanson announced Wednesday.

Health Care & Education
Plastic surgeon acquires 2,400 sq. ft. medical office condo in Ridgefield, NAI Hanson says

A plastic surgery practice is expanding into New Jersey with its purchase of a medical office condominium in Ridgefield, according to brokers with NAI James E. Hanson.

Finance & Capital Markets
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 Care & Education
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.

Sponsored Content
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.

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.