Health Care & Education

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

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.

Government & Public Policy
New EDA incentive aimed at spurring projects, research near N.J. colleges

Businesses that locate near New Jersey’s colleges and universities and form research partnerships with the institutions can now qualify for enhanced tax credits under the Grow New Jersey program, the state Economic Development Authority said Thursday.

Health Care & Education
Rutgers real estate program touts $113,000 in scholarships in 2017

The Center for Real Estate at Rutgers Business School has awarded more than $113,000 in scholarships this year to nearly 30 graduates and undergraduates in the program.

Health Care & Education
NJIT unveils new manufacturing training center in Newark

The New Jersey Institute of Technology has opened the doors to a new training and prototyping facility focused on feeding the state’s growing manufacturing sector.