Health Care & Education

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

Finance & Capital Markets
Progress inks $130 million mortgage for Manhattan cancer center project

The developers of a new Memorial Sloan Kettering facility in Manhattan have landed $130 million in financing, under a newly announced transaction by Progress Capital.

Retail
Dental practice takes 2,300 sq. ft. in Glen Rock, NAI Hanson says

A pediatric dental practice is leasing 2,300 square feet of retail space at a mixed-use building in Glen Rock, brokers with NAI James E. Hanson announced Wednesday.

Photos
Monmouth students win intercollegiate real estate competition

The Kislak Real Estate Institute at Monmouth University recently hosted its second annual Intercollegiate Real Estate Academic Competition, where students from the West Long Branch school won top honors among six teams that participated.

Office
WCRE: Surgery center coming to 50,000 sq. ft. medical office complex in Voorhees

A surgical center has leased 10,000 square feet at a medical office complex in Voorhees, under a newly announced transaction by Wolf Commercial Real Estate.

Office
Repositioned life sciences campus in Bridgewater under new ownership, new platform

A joint venture is reaping the rewards of a plan to reposition a sprawling research and development complex in Bridgewater, having sold the campus for more than $150 million. All the while, the deal has cast a light on the allure of life sciences as a real estate investment class and the power of collaboration by brokers across multiple geographic markets.

Residential & Mixed Use
PRC, Circle Squared unveil Jersey City rental building at NJCU-led project

A joint venture has taken the wraps off a new 144-unit luxury apartment building in Jersey City, the latest piece of a high-profile redevelopment effort led by New Jersey City University.

Health Care & Education
WCRE inks sale of Burlington City elementary school building

The Burlington City school district has sold a nearly 14,000-square-foot facility, in a transaction arranged by Wolf Commercial Real Estate.

Office
CBRE inks sale of eight-acre redevelopment site in Morris County

A developer has acquired a vacant former supermarket property in Morris County, where it’s now planning a multiservice medical office center.

Office
NKF touts $152 million sale of Bridgewater life sciences campus

A joint venture has reaped more than $150 million from the sale of a high-profile life sciences campus in Bridgewater, under a recent transaction by Newmark Knight Frank.

Health Care & Education
JLL: Atlantic Health adds 92,000 sq. ft. ‘health pavilion’ in Rockaway for $26 million

Atlantic Health System has acquired a 92,326-square-foot property in Rockaway for nearly $26 million, becoming an owner-occupier at a site that already houses many of its medical services.