Health Care & Education

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

Health Care & Education
Developers weigh new lab, research projects as New Jersey market continues to tighten

After decades of consolidation by Big Pharma, demand for modern lab and diagnostic space in New Jersey is on the rise, fueling rent growth and pushing some developers to consider new laboratory projects.

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LeFraks donate $100,000 to Jersey City hospital foundation for COVID relief

The LeFrak family has contributed $100,000 to the Jersey City Medical Center Foundation to support the hospital’s growing needs in the face of the COVID-19 pandemic.

Professional Services
Lee & Associates New Jersey donates $10,000 to hospital’s COVID response fund

Lee & Associates New Jersey has donated $10,000 to a fund managed by St. Joseph’s Health, seeking to support the hospital network in its battle against the coronavirus crisis.

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LEG, H.I.G. Realty purchase 1.2 million sq. ft. ex-BMS campus in Hopewell

A joint venture has acquired the 1.2 million-square-foot Bristol-Myers Squibb campus in Hopewell, seeking to attract new tenants amid continued growth in the life sciences sector.

Professional Services
DMR touts ongoing work in residential, public-sector projects during pandemic

DMR Architects is progressing on a host of residential, governmental and education projects in New Jersey, with design and construction ongoing in spite of the coronavirus crisis.

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Walsh relaunches construction and project management firm, eyeing new lighting platform

The Walsh Company has enjoyed a fast start since it was relaunched last fall, with new assignments including roles as a general contractor, project manager and client representative. But Ed Walsh has also set his sights on an altogether new business: a lighting platform that he says provides users with greater control, efficiency and transparency than traditional fixtures.

Finance & Capital Markets
Progress Capital inks $50 million construction loan for charter school project

An investment group has secured a $50 million loan to convert a historic Bronx warehouse to a new charter school, under a newly announced transaction by Progress Capital.

Professional Services
Walsh to perform renovation, lighting integration at Clifton school

A religious school in Clifton has tapped the Walsh Company to install a new specialty lighting system and oversee renovations and improvements at the facility.

Health Care & Education
Blau & Berg inks lease, small business loan for physical therapy client

The Blau & Berg Co. has secured a new 5,800-square-foot space in Morristown on behalf of a physical therapy company, while also helping the operator source a small business loan.

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NJCU: Guarini’s $10 million gift to help fund arts center, international studies

A new $10 million gift to New Jersey City University — the largest in the school’s history — is providing a major boost to a plan to build a new performing arts center in Jersey City.