Health Care & Education

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

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.

Top News
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.

Office
Merck moving headquarters back to Rahway, reportedly selling Kenilworth site

Merck & Co. is leaving its Kenilworth headquarters and returning its front office to Rahway, in a move that is slated to take place by the end of 2023.

Health Care & Education
Vallone: Rutgers seeking COVID-positive patients for clinical trial

A longtime New Jersey developer is helping to recruit volunteers for a clinical trial at Rutgers University that is aimed at fighting the coronavirus pandemic.

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.