Education
It’s here: Preparing for the upcoming recreational cannabis haze and craze
It is anticipated that state regulators will unveil the application process at any time within the next several weeks in order to commence the processing and issuance of recreational cannabis licenses in New Jersey. Thus, there is considerable excitement amongst real estate operators and potential cannabis businesses for the inevitable rapid and (likely) significant growth of the cannabis industry in New Jersey in the coming months and years. Notwithstanding such, as cannabis businesses will be highly regulated at both the state and local level (and remain illegal under federal law), it is critical that property owners and business owners fully evaluate the many regulatory, zoning, operational, and financing challenges associated with utilizing properties for cannabis uses.
Murphy, industry leaders break ground on 550,000 sq. ft. research campus in New Brunswick
Construction is set to begin on a two-building, 555,000-square-foot research complex in New Brunswick, the future home of the state’s flagship medical school and a place where startups can work side by side with New Jersey’s top health care and academic institutions.
CHA unveils new hospitality-infused, 100,000 sq. ft. senior living facility in East Hanover
A developer has unveiled a new 123-unit senior living facility in East Hanover, the first piece of what is slated to be a new hospitality-focused brand in health care and real estate.
Doctor buys 1,200 sq. ft. office condo in Mahwah, NAI Hanson says
A physician has found a new home for her practice after purchasing a medical office condominium in Mahwah, according to brokers with NAI James E. Hanson.
Developer secures final approval for 500,000 sq. ft. mixed-use project in Hoboken, Jersey City
Local officials have cleared the way for a developer to break ground on what will be 500,000 square feet of new commercial and residential space at the border of Hoboken and Jersey City.
