High hopes for life sciences

For all the time we’ve spent highlighting New Jersey’s glut of sprawling, vacant corporate campuses, it’s easy to lose sight of just how many of them have been rescued in recent years by some of the state’s boldest and most inventive developers. Those success stories are worth telling, which is why we often do at Real Estate NJ. But there are underlying trends or nuances in some of those projects that don’t get as much attention on a day-to-day basis. Like how a crop of innovative, lesser-known biotech and pharmaceutical firms are backfilling space at the former research campuses of Sanofi and Hoffmann-LaRoche, helping to stabilize those sites as their new owners pursue larger redevelopment plans.

Hoboken project gets $120 million recap from Prism, Angelo Gordon

Angelo, Gordon & Co. and Prism Capital Partners have stepped in to help complete a plan to convert a former Wonder Bread factory in Hoboken, bringing a $120 million recapitalization to the stalled residential project.

Leasing underway at 334-unit Prism project in West Orange

Prism Capital Partners has launched leasing at its new 334-unit apartment community in West Orange, the centerpiece of what it says is the state’s largest non-waterfront adaptive-reuse project.

CBRE: Growth of pharma, biotech firms offers bright future for R&D space in N.J.

Despite years of consolidation by Big Pharma, New Jersey is one of a handful of markets that stand to gain from a promising growth trajectory for the U.S. life sciences sector.

Prism set to begin high-end office project in downtown Morristown

A rare infusion of new Class A office space is coming soon to downtown Morristown, as a developer prepares to begin a project that will deliver about 50,000 square feet to the central business district.

Prism announces management, operations team at ON3 campus

Prism Capital Partners has assembled a team to oversee its new ON3 campus in Nutley and Clifton, including three former Hoffmann-La Roche employees who worked at the site for a combined 90 years.

CBRE: Deal sets the stage for redevelopment near train station

CBRE has brokered the long-awaited sale of an industrial site in Long Hill Township, paving the way for a proposed redevelopment of the property as a new transit-oriented community.

Prism outlines timetable for residential, retail phases at historic factory conversion

Prism Capital Partners is nearing several key milestones in a project that is a decade in the making — the redevelopment of a historic Thomas Edison factory complex in West Orange.

Veteran architect joins Gensler in Morristown

Global architecture firm Gensler has added to its Morristown office with the hiring of a new design director.

Biotech startup commits to former Roche campus in Nutley, reports say

A biotech firm has reportedly opted to move its headquarters from Brooklyn to a piece of the former Hoffmann-LaRoche campus in Nutley, following the approval of a $32.3 million state tax credit aimed at luring the company to New Jersey.