Finance & Capital Markets
Prism lands permanent financing for 330-unit adaptive reuse project in West Orange

Prism Capital Partners has secured new financing for its high-profile adaptive reuse project in West Orange, the site of more than 330 new homes and ground-floor retail space.

Editor’s Note
Space and pace

You may have heard by now about the rush for life sciences space in the wake of last year’s COVID-19 outbreak, which could still continue even after the virus is under control. New Jersey, of course, should stand to benefit with a deep pool of intellectual talent that rose to the occasion in the nation’s fight against the pandemic. That’s the good news, but tapping into that demand remains somewhat complicated.

Office
Prism relocates headquarters ahead of pharma firm’s move to ON3 campus in Nutley

Prism Capital Partners has moved its headquarters within its flagship ON3 campus, making way for the global pharmaceutical firm that will occupy the site’s distinctive 15-story office tower.

Residential & Mixed Use
Developers eye completion, launch of sales at ‘Wonder Lofts’ project in Hoboken

A joint venture is preparing to unveil a collection of new loft-style homes in Hoboken, as it nears the completion of a plan to restore and convert the city’s historic Wonder Bread factory.

Health Care & Education
Prism taps Newmark Associates to lease health care space at West Orange project

Prism Capital Partners has picked Newmark Associates as its leasing agent for health care and medical office space at its 21-acre, mixed-use Edison Village project in West Orange.

Office
Pharma firm taps SJP for build-out of new 300,000 sq. ft. headquarters at ON3

A pharmaceutical company has selected SJP Properties to manage the build-out of its new 300,000-square-foot U.S. headquarters in Nutley.

Office
Newmark: With demand weakened by pandemic, New Jersey office market stumbles into 2021

Vacancy in the northern New Jersey office market grew for four straight quarters in 2020, even as a handful of industries showed the ability to withstand the effects of pandemic.

Health Care & Education
Prism sells 157,000 sq. ft. lab, R&D building at ON3 campus in Nutley

Prism Capital Partners has sold a 157,000-square-foot life sciences building at its ON3 campus, in a sign of investor appetite for modern lab and research and development space.

Health Care & Education
ON3: Prism eyes groundbreaking for preleased, 80,000 sq. ft. medical office building

Prism Capital Partners is preparing to start construction on a new preleased, 80,000-square-foot medical office building in Clifton, the latest addition to its flagship ON3 campus.

Residential & Mixed Use
Prism on track for spring completion at Woodbridge rental project

Prism Capital Partners is eyeing a spring delivery for more than 230 new apartments in downtown Woodbridge, as it nears a construction milestone for the mixed-use project.