Health Care & Education

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

Deals
Transwestern: Paterson charter school eyes new location, acquires historic mill building

A charter school system has acquired a former industrial building in Paterson that it will use as its newest location, according to brokers with Transwestern Real Estate Services.

Health Care & Education
Bell Works joins operators to open new health, wellness complex

Somerset Development has unveiled a new health and wellness complex at Bell Works, the latest addition to the sprawling office, retail and hospitality destination in Holmdel.

Health Care & Education
Colliers: Medical office tenants combine to lease 8,600 sq. ft. in Princeton

Penn Medicine is set to open a new oncology suite in Plainsboro after leasing nearly 7,200 square feet adjacent to its Princeton Medical Center, according to Colliers International.

Top News
Casiello joins executive committee at Rutgers real estate program

The Center for Real Estate at Rutgers Business School has added a well-known title insurance professional to the team of industry leaders at the helm of its advisory board.

Top News
PRC Group’s Kaye gifts $1 million to NJCU performing arts project

Longtime developer Robert M. Kaye has gifted $1 million to New Jersey City University, providing additional support for the school’s planned performing arts complex in Jersey City.

Finance & Capital Markets
Kennedy Funding closes $1.8 million loan for research park site in Michigan

Kennedy Funding, an Englewood Cliffs-based direct private lender, has closed a $1.815 million land loan to the owner of more than 30 acres outside Detroit.

Office
Savills: Investor acquires, plans nursing home at 127,000 sq. ft. Montvale office building

A private equity firm has acquired a 127,000-square-foot office complex in Montvale and is now planning to convert it to an assisted living facility, according to brokers with Savills.

Office
Pharma firm taps SJP for build-out of new 300,000 sq. ft. headquarters at ON3

A pharmaceutical company has selected SJP Properties to manage the build-out of its new 300,000-square-foot U.S. headquarters in Nutley.

Finance & Capital Markets
Kennedy Funding inks $1.5 million loan for buyer of ex-Temple University arts campus

The buyer of a former Temple University complex just outside Philadelphia has secured $1.5 million in financing, in a newly announced transaction by Kennedy Funding.

Health Care & Education
Gene therapy company takes 62,000 sq. ft. at massive life sciences campus in Hopewell

Another life sciences company is coming to the 1.14 million-square-foot former Bristol-Myers Squibb campus in Hopewell, where it plans to lease 62,000 square feet of laboratory space.