Health Care & Education
CHA receives final OK for $57 million hospital redevelopment in Plainfield

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.

Residential & Mixed Use
Reinvention of historic Edison complex nearly complete, as first residents move in

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.

Professional Services
Dewberry promotions include 12 in Bloomfield, Parsippany offices

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.

Health Care & Education
With a niche in reviving shuttered hospitals, CHA is preparing for its biggest project yet

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.

Office
Prism touts 65,000 sq. ft. in leasing at Bloomfield office park

A four-building, 380,000-square-foot office park in Bloomfield is nearing 90 percent occupancy after a flurry of new leases and renewals.

Health Care & Education
CHA acquires, plans to convert ex-Novartis office building in East Hanover

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.

Retail
Bloomfield retail property sells for $3.45 million

A private investor has sold a Bloomfield retail property for nearly $3.5 million, according to brokers with Marcus & Millichap’s New Jersey office.

Retail
Report: RadioShack to close 20 N.J. stores

RadioShack will shutter 20 stores in New Jersey amid more than 550 closures across its portfolio, according to published reports.

Residential & Mixed Use
Another leasing milestone for Bloomfield rental building

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.

Finance & Capital Markets
Valley touts $650M in recent CRE loan volume

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.