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.

Technology
Startup focused on clean copper extraction takes 15,000 sq. ft. at Kenilworth’s NEST campus

Another startup is coming to the Northeast Science and Technology Center in Kenilworth, where it will lease 15,000 square feet of laboratory space to help bring its technology to market.

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.

Health Care
HMH debuts pioneering health care center at Metropark — and a blueprint for NJ Transit

A facility that’s meant to be a model of inclusive, convenient access to health care is also a template for the type of transit-oriented development that is critical to New Jersey’s future.

Education
NJIT opens 25,000 sq. ft. translational research center at NEST campus in Kenilworth

New Jersey Institute of Technology has officially launched a new research hub at the Northeast Science and Technology Center in Kenilworth, where it’s leasing 25,000 square feet from a joint venture that’s repositioning the former Merck & Co. campus.

Office
Summit Financial expands to 42,000 sq. ft. in latest deal at new-look Parsippany office park

Investment adviser Summit Financial is expanding in Parsippany under a newly signed lease extension with Onyx Equities, according to a brokerage team with Cresa.

Top News
Newark Regional Business Partnership launches Real Estate Council with industry heavyweights

The Newark Regional Business Partnership, the longtime host of a signature commercial real estate event, is doubling down on its ties to the industry with a newly formed advisory group.

Technology
CoreWeave begins $1.8 billion data center project in Kenilworth, landing first award under new EDA tax credit program

CoreWeave has started construction on a nearly $1.8 billion data center in Kenilworth with the help of what will be a five-year, $250 million tax credit award under a new state program.

Technology
Owners of NEST campus in Kenilworth launch major update of common spaces, amenities

The team behind the high-profile Northeast Science and Technology Center in Kenilworth have kicked off a multimillion-dollar renovation of the site’s anchor building, with plans to create 75,000 square feet of new amenities and common spaces for current and future tenants.

Government & Public Policy
Housing, industrial developments loom large in NJ Transit plan to monetize 8,000-acre real estate portfolio

NJ Transit has unveiled a plan to redevelop or better leverage its 8,000-acre real estate portfolio, touting the potential to create up to $1.9 billion in new revenue in the coming decades.