Health Care & Education

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

Finance & Capital Markets
CBRE brokers $52 million loan for buyer of New Brunswick tower

A joint venture has acquired a 186-unit student housing building in downtown New Brunswick, with CBRE arranging more than $52 million in acquisition funding.

People
Contractor, developer names new senior project manager

Donnelly Construction has promoted a longtime employee to senior project manager, the Wayne-based general contractor and developer announced Friday.

Health Care & Education
CBRE: Growth of pharma, biotech firms offers bright future for R&D space in N.J.

Despite years of consolidation by Big Pharma, New Jersey is one of a handful of markets that stand to gain from a promising growth trajectory for the U.S. life sciences sector.

Professional Services
Medical, fitness deals among recent leases by Sitar

A medical practice has leased more than 6,000 square feet in Little Silver, in one of nearly two dozen transactions announced recently by Sitar Realty Co.

Health Care & Education
CBRE touts 97,000 sq. ft. lease for Newark public schools

Newark’s public school system has opened a new central office in the city’s downtown, following a 97,000-square-foot lease announced Friday by CBRE.

Professional Services
Gilbane adds senior project executive in N.J. office

A construction industry veteran has joined Gilbane Building Co., bringing more than 25 years of experience to the firm’s growing team in New Jersey.

Residential & Mixed Use
$57 million project set to bring apartments, medical complex to hospital site

A developer has won local approval to repurpose a shuttered hospital complex in Plainfield, where it plans to invest $57 million to build 120 apartments and a new medical arts complex.

Editor’s Note
Coming soon: Industry Roundups from Real Estate NJ

In the days and weeks ahead, we will introduce a new addition to Real Estate NJ aimed at zeroing in on the major asset classes and service sectors in the Garden State. Known as Industry Roundups, the new e-blasts will highlight the top headlines and stories in each field, giving you a chance to catch up on all the latest news in a way that’s tailored to a specific part of the industry.

Office
Prism announces management, operations team at ON3 campus

Prism Capital Partners has assembled a team to oversee its new ON3 campus in Nutley and Clifton, including three former Hoffmann-La Roche employees who worked at the site for a combined 90 years.

Health Care & Education
Weiss: New tenants lease 16,000 sq. ft. at Union City medical building

Two medical practices have signed leases totaling 16,025 square feet at a Union City office building, in a set of transactions brokered by Weiss Realty.