A developer has completed its purchase of a shuttered hospital complex in Plainfield, clearing the way for a redevelopment that calls for a new medical arts complex and 120 apartments.
The long-awaited project known as Edison Village is nearing completion and already welcoming residents to its first phase: a new three-story, 34-unit building known as Edison Mews. In the coming months, Prism expects to deliver another 300 apartments when it completes its renovation and reconstruction of the 100-year-old factory complex on Main Street.
Dewberry has promoted a dozen employees in its New Jersey offices as part of more than 80 promotions announced Thursday by the professional services firm.
CHA Partners has spent the past 10 years filling a void in the health care and real estate markets, having acquired and repurposed three former hospitals in New Jersey. And it’s now poised to begin its largest project to date — the long-awaited conversion of a shuttered hospital in Plainfield.
A four-building, 380,000-square-foot office park in Bloomfield is nearing 90 percent occupancy after a flurry of new leases and renewals.
A developer has acquired an 81,000-square-foot office building in East Hanover, with plans to renovate the property and reposition it as a skilled nursing and rehabilitation center.
A private investor has sold a Bloomfield retail property for nearly $3.5 million, according to brokers with Marcus & Millichap’s New Jersey office.
RadioShack will shutter 20 stores in New Jersey amid more than 550 closures across its portfolio, according to published reports.
One of Essex County’s newest luxury apartment projects has reached another leasing milestone, passing the 80 percent mark about six months after opening its doors.
Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.