Health Care & Education

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

Health Care & Education
CBRE brokers $1.6 million sale of medical office condos in Morris Co.

A private investment firm has paid $1.6 million for two adjacent medical condominium units in Riverdale, according to brokers with CBRE who arranged the transaction.

Office
Quest, Ralph Lauren eye projects at ex-Roche campus on Route 3

Quest Diagnostics and Ralph Lauren could be among the newest tenants at the former Hoffmann-LaRoche campus in Clifton and Nutley, now known as ON3, following the approval of $88 million in tax credits to support more than 500,000 square feet of activity at the site.

Residential & Mixed Use
CBRE: Ex-Newark school building sells for $1.8 million, slated for conversion

Newark’s public school system and its teachers union have sold a vacant commercial building in downtown Newark, in a $1.8 million sale brokered by CBRE.

Health Care & Education
NJIT unveils new 220,000 sq. ft. wellness, events center (SLIDESHOW)

The New Jersey Institute of Technology has taken the wraps off a 220,000-square-foot multipurpose center, the largest piece of a $400 million overhaul of its footprint in Newark.

Office
NAI Hanson brokers office condo sale in Clifton

A medical office user has acquired nearly 11,000 square feet of condominium space in a Clifton, following a deal arranged by brokers with NAI James E. Hanson.

Government & Public Policy
EDA: Consumer products testing firm buys longtime leased facility in Essex County

A business that tests consumer products has acquired a 44,000-square-foot facility in Essex County that it had been leasing for 20 years, thanks in part to a small business loan program offered by the state Economic Development Authority.

Professional Services
Babineau joins Rutgers real estate center executive committee

One of the state’s top real estate attorneys has joined the executive committee at The Center for Real Estate at Rutgers Business School.

Health Care & Education
Growing art school concept adds four N.J. and N.Y. locations, Colliers says

Colliers International has brokered more than 12,000 square feet in recent leases for a growing art school operator in the region, including transactions in Bergen and Essex counties.

Event Coverage
ULI honors standout projects, CRE leaders at annual awards dinner (SLIDESHOW)

Eight projects and two key figures in New Jersey commercial real estate were among the honorees at an annual awards dinner hosted by the Urban Land Institute’s Northern New Jersey chapter, which drew a crowd of development executives and professionals.

Professional Services
Longtime facility, MEP engineer joins Hunterdon Co. firm

An engineering firm in Hunterdon County has hired an industry veteran with more than 25 years of experience in facility and MEP design and consulting.