By admin on April 23, 2024
Donating land for housing smoothed the way for the Charlotte, N.C., project By John B. Mugford It’s only natural that in the healthcare real estate (HRE) development industry – and for that matter, probably any real estate development industry – that the biggest, shiniest and perhaps most expensive “trophy” projects garner the most attention. Yet […]
Full Story »Posted in Project Case Study
By admin on April 17, 2024
HRE firms, health systems should share risks and rewards, Revista panel says By John B. Mugford As he listed the numerous financial difficulties facing health systems these days – noting that the costs of running a system have increased 20 percent since 2021 while reimbursements have not nearly maintained that pace – Troy Freeman had […]
Full Story »Posted in Feature Story
By admin on April 10, 2024
Highwoods Properties sold the portfolio for $62.5 million; JLL was the broker By Murray W. Wolf RALEIGH, N.C. – Highwoods Properties Inc. (NYSE: HIW) announced last Thursday, April 4, that it has sold eight Raleigh-area properties – including seven medical buildings – for a total of $79.4 million. The medical outpatient buildings (MOBs), plus one […]
Full Story »Posted in Transactions
By admin on April 10, 2024
Broadstone Net Lease sold the 119,983 s.f. facility in the suburb of Greece, N.Y. By Murray W. Wolf GREECE, N.Y. – An affiliate of Chicago-based Remedy Medical Properties has acquired a four-story, 119,983 square foot MOB in the Rochester, N.Y., suburb of Greece from Broadstone Net Lease (NYSE: BNL) for $43 million. That’s according to […]
Full Story »Posted in Transactions
By admin on April 2, 2024
After its IPO, REIT pays down debt, will be selective about acquisitions By John B. Mugford As a result of its recent initial public offering (IPO), Irvine-based American Healthcare REIT (NYSE: AHR), which has been involved in the healthcare real estate (HRE) sector since 2009, was able to significantly reduce its floating rate debt. According […]
Full Story »Posted in Companies & People, REIT Report
By admin on March 26, 2024
Revista report shows project starts fell 38.8%; also lists the largest developers of 2023 By John B. Mugford Although 2022 was generally considered to be a tough year for healthcare real estate (HRE) developers – the result of rising construction costs and inflation – the amount of medical outpatient building (MOB) space started or completed […]
Full Story »Posted in Companies & People, Feature Story, Outpatient Projects
By admin on March 19, 2024
Top officers Scott Brinker and John Thomas say the deal offers ‘great upside’ By John B. Mugford and Murray W. Wolf The March 1 closing of the merger between Denver-based Healthpeak Properties Inc. and Milwaukee-based Physicians Realty Trust created a healthcare and life sciences real estate investment trust (REIT) valued at nearly $21 billion. Behind […]
Full Story »Posted in Companies & People, Cover Story
By admin on March 19, 2024
‘Retirement’ is a misnomer for MOB monetization pioneer Todd W. Lillibridge By John B. Mugford Back in 1990, a rather young man who was involved in commercial real estate decided to form a new business focused on a niche asset class that, to that point in time, really did not exist. The rest, as they […]
Full Story »Posted in Feature Story
By admin on March 12, 2024
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. […]
Full Story »Posted in Feature Story, HREI Insights Awards
By admin on March 12, 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 […]
Full Story »Posted in Feature Story, Thought Leaders
By admin on March 5, 2024
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, […]
Full Story »Posted in Feature Story
By admin on February 28, 2024
FOR IMMEDIATE RELEASE Healthcare Real Estate Insights™ presents awards to the 2023 winners of the only comprehensive national program recognizing excellence in healthcare real estate PASADENA, Calif., Feb. 28, 2024 – Healthcare Real Estate Insights™ magazine has announced the Winners of the 2023 HREI Insights Awards™, the only national awards dedicated to recognizing excellence in […]
Full Story »Posted in Breaking News, Companies & People, HREI Insights Awards
By admin on February 27, 2024
InterFace capital markets panelists discuss the state of lending in the space By John B. Mugford As Richard “Rich” Kelley noted, “No topic has been more discussed in commercial real estate over the past 12 months or longer than the capital markets, with much of the discussion centered on interest rates and the lack of […]
Full Story »Posted in Capital Markets, Feature Story
By admin on February 23, 2024
Occupancies kept declining, but construction has slowed, RevistaLab data shows By Murray W. Wolf NATIONWIDE – Although occupancy rates in most life sciences real estate (LSRE) markets continued to decline during the fourth quarter (Q4) of 2023, construction activity moderated and space demand remained steady, which bodes well for better market conditions this year. That […]
Full Story »Posted in Current Edition, Life Sciences
By admin on February 20, 2024
New firm brings together several former HTA executives and GI Partners By John B. Mugford After being founded as a non-traded real estate investment trust (REIT) initially known as Grubb & Ellis Healthcare REIT in 2006, the same entity became Healthcare Trust of America (HTA) after going public in 2012. During the next decade or […]
Full Story »Posted in Companies & People
By admin on February 13, 2024
Generally upbeat panelists at InterFace West say they’re seeing more activity By John B. Mugford Since the rapid run-up of interest rates from March 2022 to July 2023 rocked the capital markets and slammed the brakes on commercial real estate investment and development, frustrated healthcare real estate (HRE) professionals have frequently uttered this grim mantra: […]
Full Story »Posted in Feature Story
By admin on February 6, 2024
Some you might expect, others you might not, RevistaMed data shows By John B. Mugford On Jan. 24, HREI reported on the latest national healthcare real estate (HRE) statistics as compiled and presented by Arnold-based Revista during a webcast for its subscribers to recap the fourth quarter (Q4) and all of 2023. The headline grabber […]
Full Story »Posted in Feature Story
By admin on January 23, 2024
RevistaMed data: MOB sales reached a low point in 2023; but, occupancies, rents increased By John B. Mugford Perhaps the last year or so has not been a great time to be a prospective buyer of medical office buildings (MOBs), but it certainly has been a good time to be an owner of such facilities. […]
Full Story »Posted in Feature Story
By admin on January 16, 2024
Some providers are becoming a bit more receptive, GlobeSt conference panelists say By Murray W. Wolf Healthcare real estate (HRE) professionals have been exhorting hospital and health system executives to monetize non-core real estate assets for at least as long as Healthcare Real Estate Insights (HREI) has been published – 21-plus years – and probably […]
Full Story »Posted in Feature Story
By admin on January 9, 2024
GlobeSt panelists say they are staying busy despite a challenging environment By John B. Mugford The current healthcare real estate (HRE) development market is a bit of an enigma. The number of medical office building (MOB) projects under construction remained somewhat steady from 2022 and into 2023. Yet the total square footage started nationwide during […]
Full Story »Posted in Breaking News, Companies & People, Outpatient Projects
By admin on April 25, 2024
PRESS RELEASE Phase 1 includes Science Square Labs, a 370K-SF Life Science Building, and The Grace, a 280-Unit Residential Tower ATLANTA, GA, April 25, 2024 — Trammell Crow Company (TCC), a global real estate developer, and Georgia Advanced Technology Ventures (GATV), an affiliate of the Georgia Institute of Technology, have completed construction on the first […]
Posted in Breaking News, Life Sciences
By admin on April 23, 2024
FOR IMMEDIATE RELEASE JACKSONVILLE, Fla. April 23, 2024 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $23,625,000 in financing for the purchase of Lakeview Health, a single-tenant triple-net leased medical facility in Jacksonville, Florida. Robert Bhat, senior managing director in MMCC’s Miami office secured […]
Posted in Breaking News, Companies & People, Transactions
By admin on April 23, 2024
NEWS PROVIDED BY BNBuilders Apr 23, 2024, 09:15 ET LOUISVILLE, Colo., April 23, 2024 /PRNewswire/ — BNBuilders has begun a tenant improvement at Umoja Biopharma’s cutting-edge cGMP manufacturing facility. The project encompasses approximately 18,000 square feet of space dedicated to fostering a collaborative and innovative work environment for Umoja Biopharma’s team. It includes: Open and private […]
Posted in Breaking News, Life Sciences
By admin on April 23, 2024
NEWS PROVIDED BY First Citizens Bank Apr 23, 2024, 09:00 ET JACKSONVILLE, Fla., April 23, 2024 /PRNewswire/ — First Citizens Bank today announced that its Healthcare Finance business provided $58.4 million in financing to Anchor Health Properties for the construction of a 92-bed inpatient rehabilitation facility in Miami, Florida. The 96,000-rentable-square-foot facility with an attached parking […]
Posted in Breaking News, Companies & People, Transactions
By admin on April 22, 2024
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Apr 22, 2024, 16:10 ET PASADENA, Calif., April 22, 2024 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the first quarter ended March 31, 2024. Key highlights Operating results 1Q24 1Q23 Total revenues: In millions $ 769.1 $ 700.8 Growth 9.7 % Net income attributable […]
Posted in Breaking News, Life Sciences
By admin on April 22, 2024
April 22, 2024 01:38 PM Eastern Daylight Time IRVINGTON, N.Y.–(BUSINESS WIRE)–XRL ALC, LLC (XRA), an affiliate of X-Caliber Rural Capital that provides funding solutions for projects located in micro-rural areas, together with American Lending Center, jointly funded a $9.6MM bridge loan for Calhoun-Liberty Hospital located in Blountstown, Florida. The hospital renovation and new construction is […]
Posted in Breaking News, Companies & People, Transactions
By eporter on April 20, 2024
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a multi-specialty outpatient surgery located in Effingham, IL. Effingham Surgery Center consists of 17,201 rentable square feet and is 100% leased and occupied by the practicing physicians in partnership with USPI and Sarah Bush Lincoln Health System. Accredited by the […]
Posted in Breaking News, Companies & People, Outpatient Projects
By admin on April 19, 2024
Phase B would add more than 1M s.f. to the Enterprise Research Campus project on Harvard-owned land By Murray W. Wolf Tishman Speyer and Harvard University are proceeding with the next phase of their mixed-use research campus west of the Charles River, across from the university’s main campus in Boston. New York-based Tishman filed a […]
Posted in Life Sciences
By eporter on April 19, 2024
Athens, GA – Governor Brian P. Kemp, accompanied by First Lady Marty Kemp, Lieutenant Governor Burt Jones, members of the General Assembly, and other state and local leaders, signed a sweeping package of legislation into law that will improve access to quality and affordable health care today at a ceremony in Athens. Among other things, the […]
Posted in Breaking News, Companies & People
By eporter on April 18, 2024
Project will add over 30,000 square feet of leasable medical space to the building Washington Township, N.J. (April 18, 2024) – Atkins Companies, a leading multigenerational commercial real estate development, investment and property management firm, announces it has begun a multi-million dollar capital improvement project at its Washington Medical Arts building (formerly Kennedy Health & […]
Posted in Breaking News, Companies & People, Outpatient Projects
By eporter on April 18, 2024
JACKSONVILLE, Fla. — April 18, 2024 — First Citizens Bank today announced that its Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center. The Ventana is a 122,000-square-foot Class A medical office facility in Tarzana, California, a suburban section […]
Posted in Breaking News, Companies & People, Outpatient Projects
By admin on April 16, 2024
For Immediate Release Englewood, N.J (April 16, 2024) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has arranged the sale of a partnership interest of 180 North Dean Street, an 18,488-square-foot medical office building located in Englewood, N.J. NAI James E. Hanson’s Team Lizzack-Horning, comprised of […]
Posted in Breaking News, Companies & People, Transactions
By admin on April 16, 2024
Regenerative Science Biotech Firm Secures State-of-the-Art, Ready-to-Occupy Laboratory APRIL 16, 2024 (HOUSTON) – Hines, the global real estate investment manager, in partnership with 2ML Real Estate Interests and Harrison Street, today announced the next lease at Levit Green, the 53-acre mixed-use life sciences-centric district adjacent to the Texas Medical Center in Houston, Texas. PranaX, a […]
Posted in Breaking News, Life Sciences
By admin on April 16, 2024
Leading rehabilitation care provider opens first site in Rockland County West Nyack, NY, (April 16, 2024): Burke Rehabilitation today announced the opening of its newest outpatient facility located in West Nyack, New York. A nationally-recognized provider of physical and medical rehabilitation care, Burke’s West Nyack location will be the organization’s first outpatient center in Rockland […]
Posted in Breaking News, Companies & People, Outpatient Projects
By admin on April 16, 2024
Press Release FOR IMMEDIATE RELEASE Dallas, TX – April 16, 2024 – CBRE Investment Banking announced today that it has arranged a programmatic joint venture between Cypress West Partners (“Cypress West”) and TPG Angelo Gordon, which has the ability to acquire up to $300 million in medical office assets across the Sunbelt region over the […]
Posted in Breaking News, Companies & People, Transactions
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