Health Care & Education

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

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.

Health Care & Education
RSC touts design of new $26 million college STEM building in Jersey City

Hudson County Community College has opened a new $26 million science, technology, engineering and math building, marking the completion of a project designed by RSC Architects.

Residential & Mixed Use
NJCU, developer break ground on next phase of $400 million redevelopment in Jersey City

A developer is set to begin construction on a new 149-unit apartment building on land owned by New Jersey City University, in what will be the second of four residential projects aimed at growing the institution’s footprint and sparking the west side of Jersey City.

Health Care & Education
JLL tapped to oversee sale of 1.14 million sq. ft. pharmaceutical campus

The brokerage team that has sold many of New Jersey’s most high-profile pharmaceutical campuses has its latest assignment — the 1.14 million-square-foot Bristol-Myers Squibb research and development complex in Hopewell.

Retail
Medical anchor opens at $70 million Marlton redevelopment

Virtua Medical Group has opened its doors at a new location in Burlington County, where it is serving as the anchor in a mixed-use, $70 million redevelopment of a former shopping center.

Deals
Private school leases 45,000 sq. ft. in Marlton, WCRE says

More than half of a former elementary school in Evesham will become home to a private education operator, following a lease arranged by brokers with Wolf Commercial Real Estate.