Real Estate News

The basics: Heights University Hospital to close amid financial constraints Hudson Regional Health continues to operate emergency department 24/7 Hospital served the community for 153 years; closure affects multi-specialty services State, regulators remain involved during transition The new owners of Heights University Hospital announced Friday the 153-year-old former Christ Hospital in Jersey City will shut [...]

The basics: Horizon settles NJ False Claims Act allegations for $100M Settlement resolves 2020 contract dispute over state employee health plans Horizon must comply with ‘lesser of’ provision and stop inaccurate EOBs $12M paid to relators; state retains oversight with ongoing reporting requirements New Jersey Attorney General Matthew Platkin announced Friday that Horizon Healthcare Services [...]

The basics: Merck to acquire Cidara for $9.2B, gaining experimental flu antiviral CD388 CD388 is a potential single-dose, universal flu prevention now in late-stage trials Deal offers Merck pipeline diversification as Keytruda patent loss nears in 2028 Acquisition follows Merck’s recent major buyouts, including Verona Pharma for $10B Merck plans to acquire Cidara Therapeutics Inc. [...]

The basics: Bayway Complex generates $21.3B in statewide economic output Nearly $7B added to New Jersey’s Gross State Product in 2023 Complex supports more than 12,000 jobs across multiple industries. NJBIA warns policy decisions will affect Bayway’s long-term viability. A new economic impact analysis by the New Jersey Business & Industry Association and the New [...]

NJ Transit took the latest step in its fleet modernization program. On Nov. 12, the board of directors authorized $917 million to overhaul the existing fleet of 429 multilevel rail cars. This project targets the agency’s Multilevel I and II cars, many of which are nearing 20 years in service. The [...]

Mexican fast-casual restaurant Qdoba is celebrating the launch of its newest restaurant in New Jersey by giving away burritos and bowls every month for a year. Located at 1070 White Horse Ave. in Hamilton Township, the spot is scheduled to hold its grand opening celebration Nov. 17. Following a 10:15 a.m. ribbon-cutting [...]

The basics: Northwind closes $342.5M Health Care Debt Fund II, exceeding $250M target Fund supports financing for skilled nursing, senior housing properties Northwind has transacted $4.6B across 423 properties in 26 states New Jersey remains a key market, with 22 financed facilities covering 3,400+ beds/units Marking the final close on its latest health care debut [...]

The basics: Clinical Group hires Team Lizzack-Horning to lead new medical properties division Brokerage team has completed 200+ office and health care transactions Move expands Clinical Group’s reach in NJ, NY and PA New platform enhances tech-enabled services for health care landlords and investors The Clinical Group continues to grow, building out its staff with [...]

The basics: Mike ‘The Situation’ Sorrentino launches The Archangel Centers in Tinton Falls New treatment brand offers addiction, mental health support for teens and adults Flagship East Windsor location coming next year with plans for national expansion Centers created with Ascend Behavioral Health and inspired by Sorrentino’s recovery A treatment center brand for addiction and [...]

The basics: Panel explores disruption, AI integration and mental health in leadership Speakers discussed vulnerability, work-life balance and stress management Leaders emphasized evolving workplace culture and shifting expectations Panelists shared personal experiences shaping their leadership journeys Critical issues for the journey of women leaders were hit on during a panel at the 2025 NJBIZ Women’s [...]