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News Release: Cornerstone Begins Development on Second Facility for OSF Healthcare

News Release: Cornerstone Begins Development on Second Facility for OSF Healthcare

INDIANAPOLIS — Cornerstone Companies is scheduled to begin work on a new outpatient primary care facility for OSF Healthcare in Godfrey, Illinois. The development will include approximately 8,200 square feet of medical office space. The new facility will be built at 107 Watters Drive, Dwight, Illinois, and construction is expected to take seven months, completing […]

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News Release: The Missner Group Completes New Location For Illinois Bone & Joint Institute In Lake Bluff And Chicago, Illinois

Expansion Also Completed at Bannockburn, Illinois Location (Des Plaines, Illinois) – The Missner Group is pleased to announce that the firm has completed renovations in Lake Bluff and Chicago, Illinois, bringing two new locations for the Illinois Bone & Joint Institute (IBJI) to the Chicago area. The construction firm has also completed an expansion of […]

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News Release: BGL Real Estate Partners Announces the Sale of Kleiman Evangelista Eye Center

Chicago, IL – September 21, 2017 – BGL Real Estate Partners (BGLREP), a division of Brown Gibbons Lang & Company (BGL), is pleased to announce the real estate sale of the Kleiman | Evangelista Eye Center, located in Arlington, Texas to Inland Private Capital. BGLREP’s National Healthcare Real Estate team served as the exclusive advisors to […]

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News Release: Berkadia’s Seniors Housing and Healthcare Group Finances Over $1 Billion in One Day

SEPTEMBER 20, 2017 NEW YORK – September 20, 2017 – Today, Berkadia’s Seniors Housing and Healthcare Group announced the closing of over $1.03 billion in financings in one day. The September 7 financings consisted of two separate transactions. The first financing was over $995 million for Columbia Pacific Advisors’ (CPA) acquisition of Hawthorn Retirement’s properties, and […]

News Release: MedProperties Holdings acquires multistate Harrison Street healthcare real estate portfolio

News Release: MedProperties Holdings acquires multistate Harrison Street healthcare real estate portfolio

The acquisition is the largest to date for the Dallas-based private equity firm. It includes a diverse 10-state, 17-property, 92% leased portfolio totaling 620,750 square feet, with an approximate cost of $230 million. DALLAS, Sept. 13, 2017 – Acquiring any sizable healthcare real estate (HRE) portfolio can be a challenge. But the recent acquisition of […]

Stilson Specialty Center, Clinton Township, Mich. (Photo courtesy of  Children’s Hospital of Michigan)

News releases: Farbman closed on 57,964 SF of new and renewed leases for medical space in August

For the month of August, Farbman closed on 57,964 SF of new and renewed leases for medical space, including a 38,476  SF lease renewal to VHS Children’s Hospital of Michigan, Inc. and 10,381 lease renewal to VHS Rehabilitation Institute of Michigan Inc. in Clinton Township and Sterling Heights, Michigan respectively. Office/Medical Leases 38,476 SF lease […]

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News Release: HFF Sold: UNC Wellness Center, Cary, NC

HFF announces the closing of UNC Wellness Center HFF advised the owner Pacolet Milliken Enterprises Inc. on the sale Closed September 2017 Size 58,843 square feet 100% investment-grade tenancy to UNC Healthcare 18 years of remaining lease term 20,000 + square feet of future development opportunity Located on one of the fastest growing markets in […]

Brookdale Senior Living (Courtesy of JLL)

News Release: Just Closed: Brookdale Senior Living Portfolio Financing

The JLL Seniors Housing and Healthcare Capital Markets Group is pleased to announce the $975 million financing for Brookdale Senior Living, the largest owner and operator of senior living communities throughout the United States.  The first mortgage facility was arranged by JLL with Fannie Mae.  The diverse portfolio includes properties across 16 states with various […]

News Release: Inland Real Estate Acquisitions Facilitates the Purchase of Two Medical Office Buildings in Connecticut

News Release: Inland Real Estate Acquisitions Facilitates the Purchase of Two Medical Office Buildings in Connecticut

Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of two Starling Physicians, P.C. medical office buildings located in New Britain, Connecticut. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction, with assistance from David Neboyskey, assistant vice president and associate counsel of […]

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News Release: Avison Young brokers $4.9-million sale of historic Grunow Memorial Medical Center in Phoenix

Phoenix, AZ – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated the $4.9-million sale of Grunow Memorial Medical Center, a historic 47,494-square-foot medical office building in Phoenix. Avison Young Principals Julie Johnson and Alexandra Loye, based in the company’s Phoenix office, brokered the sale. The seller was […]

News Release: Hammes Appoints New Vice President for Facility Development

News Release: Hammes Appoints New Vice President for Facility Development

MILWAUKEE, Wis., September 15, 2017 – Hammes Company, the nation’s leader in healthcare facilities development, (hammesco.com) today announced that Marvin Daniels, has joined the firm to meet growing market demand for specialized project management services. Hammes Company is hiring to meet growing demand in most parts of the country, including the Southeast, Midwest and Northeast. […]

Tom Klaritch

News Release: HCP Provides Update on Impact of Hurricane Irma

IRVINE, Calif., Sept. 15, 2017 /PRNewswire/ — HCP, Inc. (NYSE: HCP) today provided an update on the impact from Hurricane Irma. HCP’s preliminary assessment indicates that its assets in the impacted regions incurred either no or limited wind, flood or other storm-related damage. Utility power has been restored at all but one property. “The care […]

Matthews  Medical  Office Building (Photo courtesy of CNL)

News Release: CNL Healthcare Properties Sees Significant Income Gains Across Its Portfolio

With opening of new developments, REIT focused on maximizing property performance (ORLANDO, Fla.) Sept. 14, 2017 — CNL Healthcare Properties, a non-traded real estate investment trust (REIT) invested in seniors housing and healthcare properties, continues its focus on maximizing operating performance across its portfolio and completing its most recent expansion project. Reflecting these efforts, the […]

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News Release: Meridian Buys Historic Grunow Memorial Medical Center in Phoenix

Purchase Represents Meridian’s First Major Transaction Outside of California PHOENIX, Ariz. – Meridian, a full-service commercial real estate developer based in California, is pleased to announce the purchase of Grunow Memorial Medical Center, a landmark 51,150-square-foot two-story medical office building located at 926 East McDowell Road in Phoenix, Arizona. The seller was PacVentures, a real […]

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News Release: Marcus Partners Sells Cross Street Medical Center

9/11/17 Newmark Knight Frank (NKF) has successfully represented Marcus Partners in the sale of Cross Street Medical Center at 40 Cross Street in Norwalk, Connecticut to Anchor Health Properties for $23 million. Executive Managing Director Frank Nelson, Senior Managing Director Michael Greeley and Director Danielle DeMarco of NKF’s Boston Medical-Academic Practice Group, which is led by […]