Education
Embracing the future: NJIT’s Profeta Real Estate Center launches, with a focus on cross-disciplinary education for a changing industry

New Jersey Institute of Technology marked the official launch of the Profeta Real Estate Center, a program that will combine finance, engineering, architecture and environmental skills in one graduate degree to provide training in all aspects of development and management.

Finance & Capital Markets
JLL: East Brunswick senior living facility taking shape with $35 million construction loan

The developers of a new 100-bed assisted living and memory care facility in East Brunswick have closed on more than $35 million in construction financing, in a deal arranged by JLL.

Retail
Purity Water accelerates franchise plan with five new retail leases in New Jersey, JLL says

Purity Water, a growing wellness concept, has added five new storefronts in New Jersey as part of a franchise expansion guided by JLL’s leasing team in the region.

Retail
Ex-dollar store property in Burlington sells for $2 million, Rose Commercial says

Madd Equities LLC has sold a freestanding 15,000-square-foot retail building in Burlington for nearly $2 million, in a newly announced deal by Rose Commercial Real Estate.

Education
NJIT’s Profeta Real Estate Center launching June 23, seeking to reshape real estate education

The Profeta Real Estate Technology, Design and Innovation Center will officially launch next week at New Jersey Institute of Technology, marking the start of what’s meant to be a pioneering cross-disciplinary program to produce the industry’s most well-rounded graduates.

Office
JLL: March Associates sells 38,000 sq. ft. medical office building in Wayne for $7.9 million

March Associates Construction has sold a nearly 38,000-square-foot medical office building in Wayne — a location that’s also its longtime headquarters — in a deal arranged by JLL.

Residential & Mixed Use
Sterling, Danbro unveil 300-unit ‘destination’ rental property in Livingston

A new luxury rental property has opened in Livingston, bringing an infusion of 300 apartments to western Essex County following a project by two local developers.

Professional Services
JLL welcomes Strickland as senior vice president, New Jersey workplace strategy lead

Melissa Strickland, a well-known design professional in New Jersey, has joined JLL as a senior vice president and head of its workplace strategy team in the region.

Finance & Capital Markets
Signature lands $60 million Deutsche Bank loan to refi Secaucus office building

Signature Acquisitions has secured a $60 million loan to refinance a 465,000-square-foot office building in Secaucus, where it recently extended the lease of a prominent anchor tenant.

Office
JLL: Fort Lee office property listed for sale with potential for new long-term lease or fully vacant delivery

The owner and occupier of a highly visible office property just west of the George Washington Bridge has put it up for sale, under a recent listing by JLL’s New Jersey capital markets team.