Health Care & Education

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

Top News
ULI Northern New Jersey donates $500 in meals to New Brunswick hospital workers

The Urban Land Institute’s Northern New Jersey chapter is doing its part to help those battling the COVID-19 pandemic, having donated $500 worth of dinners to health care workers at Robert Wood Johnson University Hospital in New Brunswick.

Top News
Mack-Cali donates $100,000, hotel rooms to Jersey City hospital staff treating COVID-19

With Jersey City Medical Center on the front lines of the COVID-19 crisis, Mack-Cali Realty Corp. has donated a block of area hotel rooms to support health care workers at the hospital.

Deals
Education tenants add locations in Paramus, Fairview

A landlord in Bergen County has signed two leases with education tenants for a combined 6,500 square feet, under a pair of deals announced by Lee & Associates New Jersey.

Health Care & Education
Atkins sells 39,000 sq. ft. medical office building in West Orange

Atkins Cos. has sold a 38,500-square-foot medical office building in West Orange, marking the culmination of what it says is a 20-year investment in the property.

Finance & Capital Markets
Kennedy Funding closes $1.5 million loan for Detroit medical facility

Kennedy Funding has closed a $1.5 million loan for the owner of a health care facility in Detroit, where plans include using the site for testing and treating COVID-19 patients.

Office
Thor Equities, biopharma firm ink 102,000 sq. ft. lease at Bridgewater campus

Thor Equities Group has landed a major tenant at its newly acquired life sciences campus in Bridgewater, inking a 101,500-square-foot lease with a biopharmaceutical company.

Health Care & Education
Prism uncovers critical safety gear at ex-Roche campus, donates to Hackensack UMC

Prism Capital Partners is doing its part to help the health care community in the fight against COVID-19, having donated a trove of critical safety gear found at its flagship ON3 campus.

Features
Rutgers real estate program eyes new degrees, new investment as it looks to the future

With a foundation in place and support from many of the state’s top commercial real estate leaders, the Rutgers Center for Real Estate is now looking ahead to the next five years and beyond. The program’s leaders feel that further growth will hinge on expanding and fine-tuning the course offerings — such as creating a standalone real estate major and a master’s in real estate — while navigating the challenges of fundraising and scaling up to support their growing student population.

Office
JLL details $95 million sale of Jersey City building, now slated to become life sciences hub

Thor Equities Group is eyeing plans to reposition a historic building in Jersey City into research and laboratory space, following its recent acquisition of the nearly 340,000-square-foot property.

Residential & Mixed Use
Stockton, AC Devco proceeding with new Atlantic City residence hall

A development team is moving ahead with plans for a new Stockton University residence hall in Atlantic City, the next phase of a major redevelopment in a key section of the resort town.