News Release: Two-property portfolio in Rancho Bernardo trades for $30.8M

News Release: Two-property portfolio in Rancho Bernardo trades for $30.8M

JLL Capital Markets facilitates the sale of the ~90,000-square-foot portfolio SAN DIEGO, Mar. 18, 2024 –  JLL Capital Markets announced today that it arranged the $30.8 million sale of a premier R&D/Lab portfolio in Rancho Bernardo in San Diego, California. JLL worked on behalf of the seller, Montana Avenue Capital Partners, LLC, and procured the buyer, […]

News Release: Gilbane Building Company Names Jeff Lewis as Business Leader for Raleigh Durham Market

NEWS PROVIDED BY Gilbane Building Company Mar 17, 2024, 17:00 ET Lewis’s promotion is part of Gilbane’s strategic growth plans in North Carolina RALEIGH, N.C., March 17, 2024 /PRNewswire-PRWeb/ — Gilbane Building Company announced the promotion of Jeff Lewis as Business Leader for the Raleigh, North Carolina office. This strategic move aligns with Gilbane’s 2024 […]

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Feature Story: ‘An authentic and genuine leader’

HRE Executive of the Year gets high praise from clients, employees and peers By John B. Mugford Chad Henderson has always been an entrepreneur at heart, as he started his first business – selling ice cream to people on their docks or in their boats – as a 16-year-old growing up in Pensacola, Fla. Mr. […]

Thought Leaders: Newmark foresees a better 2024

Thought Leaders: Newmark foresees a better 2024

Promising Q3 and Q4 data bodes well for the coming year, firm’s report finds By Erin E. Porter Although last year was not the best for the healthcare real estate (HRE) business, the sector’s resiliency and strong fundamentals during the second half of the year portend hope for 2024, according to the recently released “2023 […]

News Release: Montecito Medical Acquires Two More Women’s Health Properties in Minnesota

News Release: Montecito Medical Acquires Two More Women’s Health Properties in Minnesota

March 12th 2024 Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two buildings in Minnesota that are home to a leading provider of women’s health services in the Twin Cities area. The two buildings, which encompass a total of 13,100 square feet, are located in the suburban communities of Maplewood and […]

News Release: Sendero Capital and TPG Angelo Gordon complete the acquisition of a multi-specialty healthcare facility in Warwick, Rhode Island

News Release: Sendero Capital and TPG Angelo Gordon complete the acquisition of a multi-specialty healthcare facility in Warwick, Rhode Island

JLL Capital Markets advised on the purchase of 227 Centerville Rd. in Warwick, RI, the fifth acquisition in Sendero Capital and TPG Angelo Gordon’s programmatic joint venture. BOSTON, Mar. 11, 2024 – JLL Capital Markets announced today that it advised Sendero Capital and TPG Angelo Gordon on the acquisition of 227 Centerville Rd., a 30,000-square-foot […]

News Release: Bremner Real Estate breaks ground on cancer center in Norman, Oklahoma

News Release: Bremner Real Estate breaks ground on cancer center in Norman, Oklahoma

Norman Regional Health System and OU Health join to provide high-quality, research-driven cancer care INDIANAPOLIS – (March 11, 2024) Indianapolis-based Bremner Real Estate announced the recent groundbreaking of a new cancer center in Norman, Oklahoma. The OU Health Stephenson Cancer Center at Norman Regional will serve patients from Norman Regional Health System and OU Health. […]

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Life Sciences: What are LSRE lenders looking for?

Cash-flowing, core-type assets are king these days, RevistaLab panelists say By Murray W. Wolf PASADENA, Calif. – Getting financing for a life sciences real estate (LSRE) deal was relatively easy in 2020 and 2021. Whether for acquisitions, new development or conversions – even entirely speculative projects – life sciences was red hot, and lenders lined […]

News Release: Webster Provides Five-Year Refinancing Loan for Henry Ford Macomb Medical Pavilion with KIRCO

News Release: Webster Provides Five-Year Refinancing Loan for Henry Ford Macomb Medical Pavilion with KIRCO

STAMFORD, CT March 11, 2024 – Webster Bank is pleased to announce that it has provided a five-year, permanent loan to KIRCO in connection with the refinancing of the Henry Ford Macomb Medical Pavilion which is a 100% leased, class-A, state-of-the-art medical office building located in Macomb County, Michigan. “KIRCO is an award-winning commercial real […]

News Release: Simone Development Announces SightMD, a Fast Growing Eye Care Provider, Leasing 9,409 SF of Medical Space at One Executive Boulevard, Yonkers

News Release: Simone Development Announces SightMD, a Fast Growing Eye Care Provider, Leasing 9,409 SF of Medical Space at One Executive Boulevard, Yonkers

First Medical Lease Since Recently Acquiring the Building YONKERS, NY (March 2024) – In its first medical lease since recently acquiring the property, Simone Development Companies has announced that SightMD, a rapidly-growing integrated ophthalmic provider group, has leased 9,409 square feet at One Executive Boulevard in Yonkers. The property has a remaining 48,525 square feet […]

News Release: Hoar Celebrates Topping Out of UAB Medicine Inpatient Rehabilitation Facility

News Release: Hoar Celebrates Topping Out of UAB Medicine Inpatient Rehabilitation Facility

$128 million project will move inpatient rehabilitation units from the existing Spain Rehabilitation Center into a new 346,000-square-foot building BIRMINGHAM, Ala. (March 7, 2024) – Hoar Construction announced today the topping out of the University of Alabama at Birmingham (UAB) Medicine’s Inpatient Rehabilitation Facility, signifying the new downtown Birmingham building has reached its tallest point. […]

News Release: Cushman & Wakefield Advises Sale of New Las Vegas Healthcare Building acquired by Clark County for $10.4 Million

News Release: Cushman & Wakefield Advises Sale of New Las Vegas Healthcare Building acquired by Clark County for $10.4 Million

For Immediate Release Turn-key Class A facility located south of Nellis Air Force Base LAS VEGAS, Nev. – March 5, 2024 – Cushman & Wakefield announced the firm has advised the sale of a recently constructed 17,066-square-foot, 24-bed psychiatric hospital building located in Las Vegas, Nevada. The building was completed in 2021 but has never […]

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Feature Story: MOB rental rates have risen steadily

Tenants might not like it, but they recognize that landlords’ costs have increased, Revista panelists say By John B. Mugford By now, nearly everyone involved in healthcare real estate (HRE) knows that both the sales of facilities, namely medical outpatient buildings (MOBs), and new construction have slowed significantly during the past year or more. Yet, […]

Life Sciences: Healthpeak-DOC merger creates $21 billion REIT

Life Sciences: Healthpeak-DOC merger creates $21 billion REIT

Executives are still upbeat about life sciences despite big bet on medical By Murray W. Wolf A previously announced merger creating a healthcare and life sciences real estate investment trust (REIT) valued at nearly $21 billion has been completed. Denver-based Healthpeak Properties Inc., which had a pre-merger enterprise value of about $16.32 billion, announced Friday […]

75/125 Binney Street on the Alexandria Center® at Kendall Square mega campus. Courtesy of Alexandria Real Estate Equities, Inc.

News Release: Alexandria Real Estate Equities, Inc. Announces Significant Early Renewal and 10-Year Lease Extension

Alexandria Real Estate Equities, Inc. Announces Significant Early Renewal and 10-Year Lease Extension With Longstanding Credit Tenant Takeda at the Alexandria Center at Kendall Square Mega Campus in Cambridge NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 04 Mar, 2024, 07:00 ET PASADENA, Calif., March 4, 2024 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), […]