Health Care & Education

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

Health Care & Education
JLL: Mahwah investor expands out of state, acquires medical office asset in Syracuse

A Mahwah-based commercial real estate investor has acquired a two-building medical office complex in Syracuse, New York, in an $18 million sale arranged by JLL.

Finance & Capital Markets
Progress inks $16 million acquisition loan for student housing portfolio

Progress Capital has arranged $16 million in financing for a client to acquire a 219-bed, multisite student housing portfolio near Pennsylvania’s Lehigh University.

Office
NAI Hanson inks 8,000 sq. ft. medical office sale in New Providence

An optometry practice has acquired an 8,064-square-foot medical office building in New Providence, in a newly announced transaction by NAI James E. Hanson.

Office
Rehab chain extends 5,500 sq. ft. lease in Clifton, NAI Hanson says

A physical rehabilitation chain has extended its lease for more than 5,500 square feet at a medical office building in Clifton, brokers with NAI James E. Hanson said Tuesday.

Office
CBRE: Investor acquires Paramus medical office building for $20 million

A private investor has acquired a 75,000-square-foot medical office building in Paramus for $20 million, brokers with CBRE said Thursday.

Office
Biopharma firm takes 185,000 sq. ft. at sprawling Bristol-Myers site in Hopewell

A biopharmaceutical firm has inked a lease for 185,000 square feet at the former Bristol-Myers Squibb Co. campus in Hopewell, helping to backfill part of the 1.14 million-square-foot complex.

Hospitality & Tourism
Weiss Properties plans Marriott hotel and mixed-use development in Florence

Weiss Properties will develop 240 apartments, a 104-room Marriott Town Place Suites hotel and restaurant space at the intersection of Route 130 and Cedar Lane in Florence Township, the New Brunswick-based firm announced.

Retail
Atkins, Woodmont ink first retail tenants at mixed-use Washington Twp. project

Atkins Cos. and Woodmont Properties have signed three leases at a new 10,000-square-foot standalone retail building at their Washington Square Town Center project.

Finance & Capital Markets
Developers land $26.5 million in equity for Montvale senior living project

A private equity fund is providing more than $25 million in capital for a new 203-unit senior living facility in Montvale, brokers with Cushman & Wakefield announced this week.

Finance & Capital Markets
C&W inks $57 million refi for Hamilton senior living complex

The owners of a 195-unit senior living facility in Hamilton have refinanced the property for more than $57 million, under a newly announced transaction by Cushman & Wakefield.