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Feature Story: Still ‘recession-resistant,’ but HRE could see some bumps
Inflation, higher interest rates and stressed providers challenge HRE By John B. Mugford Since the Great Recession of 2007-09, healthcare real estate (HRE) professionals have touted the strengths of the sector and the product type, going so far as to refer to medical facilities as “recession resistant.” Healthcare facilities performed comparatively well during that crisis, […]
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Feature Story: Atlanta stands out for MOB absorption
Houston, Chicago, Dallas and New York also saw high demand, according to Revista By John B. Mugford Although absorption of medical office building (MOB) space remains strong in the country’s top 50 markets, one market really stands out when it comes to demand for the product type. That market is Atlanta, where nearly 1.4 million […]
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Transactions: JV of Rendina, Artemis lands a 12-MOB portfolio
Industry sources indicate the price was $112 million; Newmark represented the seller EIGHT STATES – In recent months, getting transactions done in the medical office sector, or perhaps any real estate sector for that matter, has often been quite difficult. With inflation in the high single digits and the federal funds rates rising steadily, as […]
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Life Sciences: ‘Still a pretty bright future’
Revista panelists reflect on the data and discuss the state of the market By Murray W. Wolf Two weeks ago, Bioscience Real Estate Insights (BREI) reported on the data shared by Revista during the firm’s inaugural RevistaLab Life Science Real Estate (LSRE) Investment Forum, summarizing the findings by saying that life sciences is “here to […]
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Feature Story: Q3 MOB sales dipped; fundamentals still strong
In its subscriber webcast, RevistaMed data shows that occupancy, absorption remain high By John B. Mugford A recession is likely looming (if it’s not already upon us), difficulties in obtaining debt could be slowing down the sales of medical office buildings (MOBs), and rising costs, supply chain difficulties and labor shortages might be causing delays […]
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Companies & People: Fairfield is still going strong
Greg Trainor shares his observations on the market and an update on his firm By John B. Mugford Back in 2013, a new name started popping up quite regularly as a broker of medical office buildings (MOBs) and other healthcare real estate (HRE). Up to that point in time, the MOB sales sector had been […]
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Life Sciences: Encouraging data for the LSRE sector
Revista unveils new service and reports on inventories, construction and rents at inaugural event in Boston By Murray W. Wolf It’s usually a strong indication that a commercial real estate sector has “arrived” when there’s enough interest in the market for it to give rise to its own dedicated news media and data services. If […]
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Feature Story: The private equity effect
Colliers panelists discuss how PE investments in physician groups affect HRE By John B. Mugford As recently as 2001, about 60 percent of U.S. physicians were independent, meaning they owned and operated their own practice. In those days, most medical office buildings (MOBs) were multi-tenant, and most healthcare real estate (HRE) developers, owners and brokers […]
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News Release: Entries now open for 2022 HREI Insights Awards™
Entries are due Nov. 30, 2022. The 10th annual awards will be presented at a new venue: the RevistaMed Medical Real Estate Investment Forum (MREIF) March 1, 2023. MINNEAPOLIS, Sept. 21, 2022 – Entries are now open for the 2022 HREI Insights Awards™, the first and only comprehensive national awards program totally dedicated to recognizing […]
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News Release: Woodside Health Announces Acquisition of Blake Park – Tampa/Sarasota Area
FOR IMMEDIATE RELEASE CLEVELAND, OH (November 18, 2022) – Woodside Health is excited to announce its acquisition of Blake Park, a six-building medical and office property located at 1802-1894 59th Street West and 5939-5959 17th Avenue West in Bradenton, FL, just south of Tampa and part of the Sarasota MSA. The buildings total 55,517 square […]
News Release: Easterly Government Properties completes acquisition of VA – Phoenix, the eighth of 10 properties in the VA Portfolio
WASHINGTON, D.C. – November 28, 2022 – Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has, through its joint venture (“JV”), completed the acquisition of the previously announced […]
News Release: CareTrust REIT Announces James Callister to Succeed Mark Lamb as Chief Investment Officer
November 28, 2022 08:00 AM Eastern Standard Time SAN CLEMENTE, Calif.–(BUSINESS WIRE)–The Board of Directors of CareTrust REIT, Inc. (NYSE:CTRE) announced today the appointment of James Callister as Chief Investment Officer, to be effective as of December 31, 2022. Mr. Callister will succeed Mark Lamb, who will be leaving the company after a transition period […]
News Release: Pipeline Health and Resilience Healthcare Reach Agreement for Sale of Two Chicago Hospitals
Pipeline Health System, LLC, has reached an agreement with Resilience Healthcare and Ramco Healthcare Holdings, LLC, to purchase Pipeline’s two Chicago hospitals, West Suburban Medical Center in Oak Park and Weiss Memorial Hospital in Chicago’s Uptown neighborhood. Pending approval of a motion submitted late Tuesday to the U.S. Bankruptcy Court for the Southern District of […]
News Release: ERDMAN Partners with Aestique on New Ambulatory Surgical Center
Firm to build new surgery center facility in Greensburg, Pennsylvania Madison, Wis. (Nov. 21, 2022) – ERDMAN, a national leader in healthcare and senior living planning, design, construction, and real estate development, recently broke ground on Aestique’s new Ambulatory Surgical Center in Greensburg, Pennsylvania. Officials at Aestique engaged ERDMAN to plan, design, and deliver a […]
News Release: DONE DEAL – Hartford-Metro Hat Trick
Blueprint maintains position as leading advisor in New England through successful skilled nursing portfolio sale process Blueprint was selected to advise a joint venture owner on the strategic sale of a three-facility, 380-bed skilled nursing portfolio in central Connecticut Located northeast of the Hartford metro area, the facilities had historically maintained stable census levels with […]
News Release: Premier Health Constructing Medical Office Building in Xenia (Ohio)
Primary Care, OB/GYN, Laboratory Services Will Be Offered XENIA, Ohio (November 21, 2022) – A Premier Health medical office building under construction at 2066 W. Main St. in Xenia will house obstetrics and gynecology providers, primary care, and laboratory services when it opens in spring 2023. “This new, state-of-the-art medical office building will bring together […]
News Release: Hines Signs Sino Biological as a Tenant at Levit Green, a 53-acre Life Science District in Houston
NOVEMBER 21, 2022 (HOUSTON) – Hines, a global real estate investment, development, and property manager, in partnership with 2ML Real Estate Interests and Harrison Street, today announced a lease at Levit Green, the new 53-acre mixed-use life science district adjacent to the Texas Medical Center in Houston, Texas. Sino Biological, Inc., an international reagent supplier […]
News Release: Bare Dermatology Signs 11,500 SF Lease at Frisco Medical Pavilion II
Building to Officially Break Ground in Early 2023 (NOV. 21, 2022 – DALLAS) – Transwestern Real Estate Services (TRS) announces Bare Dermatology has signed an 11,500-square-foot lease at Frisco Medical Pavilion II, a planned 60,000-square-foot medical office building located at 12950 Dallas Parkway in Frisco, Texas. Bare Dermatology will occupy space on the third floor […]
News Release: BioMed Realty Appoints Ankit Patel as Executive Vice President and Chief Financial Officer
Mr. Patel brings strategic and financial leadership through strengths in financial planning and analysis, capital markets, and mergers and acquisitions in the healthcare real estate sector. November 21, 2022 08:00 AM Eastern Standard Time SAN DIEGO–(BUSINESS WIRE)–BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, announced today that […]
News Release: Montecito Medical™ Acquires Women’s Health Building in Lynchburg, VA
NASHVILLE, Tenn., Nov. 17, 2022, (BUSINESS WIRE)–Montecito Medical™ has completed the acquisition of a women’s health medical office building in Lynchburg, Virginia. The property, which offers 21,657 square feet, is 100% occupied under a long-term lease by Women’s Health of Central Virginia. “We are pleased to enter in a sale-leaseback transaction with a leading specialty practice […]
News Release: McCarthy Completes Cancer Center at CHRISTUS Mother Frances Hospital – Tyler
85,000-square-foot center brings cancer care to Northeast Texas Tyler, TX – November 16, 2022 – McCarthy Building Companies, Inc. has completed construction of the Northeast Texas Cancer and Research Institute in Tyler, Texas. A Cottonwood Development project, the 85,000-square-foot research facility is located on the CHRISTUS® Trinity Mother Frances – Tyler campus and will now […]
News Release: Holladay Properties to Redevelop Former Behavioral Health Facility in Orlando
Orlando, Fla., Nov. 16, 2022 — Holladay Properties has acquired the 71,000 SF former behavioral health facility adjacent to the Orlando Health Dr. P. Phillips Hospital for $11M. The property is located at 7450 Sandlake Commons Blvd and had previously been owned and operated by Westgate Resorts for the past twenty years for administrative uses. As […]
Breaking News
- News Release: Big Sky Medical, Dallas-Based Healthcare Real Estate Investment Management Firm, Closes Third Investment in the Brazos Valley, Texas
- News Release: Caddis Healthcare announces a new medical building in Buckeye, AZ
- News Release: Goldman Sachs Asset Management and Lincoln Harris Purchase 445,000-Square-Foot Life Science Campus in the Heart of Raleigh-Durham’s Research Triangle Park Region
