Show & Tell: Bill Colgan talks about future of health care properties, post-COVID

By: ROI-NJ Staff (New Jersey)

Bill Colgan is managing director at CHA Partners, a full-service health care real estate development firm specializing in public-private partnerships that successfully execute complex health care, mixed-use, residential and adaptive reuse projects.

He talked about the future of health care properties, post-COVID.

“The future of health care properties in our post-COVID environment relies on evolving regulations, and developers must be nimble to meet the new standards that arose in the pandemic long-term. Developers and property owners are guaranteed, as a result of COVID, to receive a new set of regulations regarding future standards for infection prevention, including factors such as HVAC air exchanges and filters to combat future ‘SARS’ (Severe Acute Respiratory Syndrome) outbreaks. As the importance of these additional measures continues to be proven, developers are thinking more critically when designing new buildings, strategically planning how to incorporate the latest safety measures in the hopes of meeting evolving demands. Due to panic and losses amid the pandemic, health care property owners and builders want to avoid the same mistakes and safeguard their designs with lessons learned for the foreseeable future. Raising building standards when it comes to health care will be a permanent change in the space, and industry players must adapt to remain successful.”

St. Joseph’s Health Opens New Totowa Health Campus

By: NJBIZ Editorial Team

St. Joseph’s Health has opened the St. Joseph’s Health Totowa Health Campus, a state-of-the-art outpatient facility that follows the multi-specialty care model by providing access to primary, urgent and specialty care services under one roof.

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Luxury Townhouse Building In Bloomfield Opens For Sales

By: Eric Kiefer | Bloomfield Patch

BLOOMFIELD, NJ — A luxury townhouse building in Bloomfield has officially opened its sales office to potential residents.

CHA Partners recently announced that it has opened the sales office for the new Royal Townhomes: 14 two-story townhome units that are available for purchase. As of Monday, asking prices for the units ranged from $599,000 to $659,000.

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Adaptive Reuse Projects Present Equal Measures of Challenges, Opportunities

By: Taylor Williams | Northeast Real Estate Business

Adaptive reuse projects have continued to garner the attention of the commercial real estate community, especially in light of the lasting impact of the COVID-19 pandemic.

While office and retail conversion projects have remained popular in numerous markets over the last several years, in certain parts of the country, projects involving the adaptive reuse of hospitals and healthcare facilities have also played a major role in bringing new life back to communities.

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CHA Partners opens sales office for Royal Townhomes in Bloomfield

By: Linda Linder | ROI-NJ

CHA Partners has opened its sales office for the new Royal Townhomes in Bloomfield, according to a Friday announcement.

The Royal Townhomes pay tribute to the historic Stern’s Royal Theater in both design and name. The 14 two-story units will be available in five distinct layout options and are located in the heart of Bloomfield’s downtown.

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