Finance & Capital Markets
Faropoint, Deugen ink $33 million loan for 195,000 sq. ft. New Brunswick warehouse project

Faropoint and Deugen Development have closed on a $33 million construction loan for a new two-building industrial project in New Brunswick, in a deal arranged by Cushman & Wakefield.

Technology
SJP breaks ground on 370,000 sq. ft. research, office building for Nokia Bell Labs at New Brunswick’s HELIX campus

SJP Properties has started construction on the 10-story, 370,000-square-foot research and office tower in downtown New Brunswick that will house Nokia Bell Labs and mark the second phase of the master-planned Health + Life Science Exchange district.

Technology
SJP breaks ground on 370,000 sq. ft. research, office building for Nokia Bell Labs at New Brunswick’s HELIX campus

SJP Properties has started construction on the 10-story, 370,000-square-foot research and office tower in downtown New Brunswick that will house Nokia Bell Labs and mark the second phase of the master-planned Health + Life Science Exchange district.

Residential & Mixed Use
Family sells 156-unit Somerville, New Brunswick portfolio after six decades, Berkadia says

The family owners of a combined 156 apartments in Somerville and New Brunswick have sold the portfolio in separate transactions, brokers with Berkadia announced.

Education
Students tour new Russo, Hero Development projects to cap off ULI’s UrbanPlan program in East Brunswick, East Orange schools

The developers of new apartment buildings in New Brunswick, East Brunswick and East Orange welcomed students to the properties recently as part of an Urban Land Institute program that exposes high schoolers to commercial real estate planning and construction.

Editor’s Note
System updates

As you’ll read in this month’s cover story, New Brunswick is marking its latest and perhaps most monumental investment in health care with the opening of the 12-story, 520,000-square-foot Jack & Sheryl Morris Cancer Center. Executives with RWJBarnabas Health, the Rutgers Cancer Institute and other key stakeholders unveiled the facility in mid-May, hailing the arrival of New Jersey’s first freestanding cancer hospital and one of only 13 in the country, part of a $1 billion project that has brought top-tier patient care and cutting-edge research labs under one roof.

Health Care
JLL launches marketing for plug-and-play lab suites at New Brunswick’s HELIX district

The team behind the sweeping Health + Life Science Exchange campus in New Brunswick is seeking tenants for a group of prebuilt laboratory and office suites, part of a 574,000-square-foot building that’s slated to open later this year.

Health Care
Vital investments: Landmark cancer center in New Brunswick is ‘just the beginning’ of broader real estate, facilities strategy by RWJBarnabas

The new Jack and Sheryl Morris Cancer Center is the centerpiece of a massive investment in RWJBarnabas Health’s physical footprint — one that’s ongoing — highlighting the increasingly important role of ground-up development in New Jersey’s health care sector.

Health Care
HELIX taps Portal Innovations to manage incubator at transformative New Brunswick project

The landmark Health & Life Science Exchange of New Jersey campus in New Brunswick has found a key partner for the project’s incubator space, announcing a pact with Portal Innovations to spearhead a facility for startups and entrepreneurs from nearby universities.

Health Care
Why New Brunswick’s new cancer hospital is personal for Morris family — and so many others

Fittingly so, it was a major construction project that helped pique Jack Morris’ interest when Harvey Holzberg, CEO of Robert Wood Johnson University Hospital, asked him to join the board of the New Brunswick institution. That was a quarter-century ago, as the planned Bristol-Myers Squibb Children’s Hospital was taking shape just west of RWJ’s main campus.