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News Release: Entries now open for 2022 HREI Insights Awards™

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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Feature Story: Providers are facing post-pandemic challenges

Feature Story: Providers are facing post-pandemic challenges

Advisory Board shares insights during Cushman & Wakefield webinar By John B. Mugford Although a vast majority – 92 percent, in fact – of health systems nationwide report that their patient volumes have returned to near pre-pandemic levels, this does not mean they are out of the woods financially. That’s because expenses, especially those involving […]

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Feature Story: Working through ‘price discovery’ in the MOB market

InterFace panel discusses current headwinds and the positive, long-term prospects of the sector By John B. Mugford Perhaps the best way to describe the current state of the healthcare real estate (HRE) sector is to say it’s a bad news, good news situation. That was indeed the analogy that Murray W. Wolf, publisher of Healthcare Real […]

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People & Companies: Catching up with CBRE's Lee Asher

People & Companies: Catching up with CBRE’s Lee Asher

Leader of the firm’s healthcare and life sciences team remains bullish on MOB sales By John B. Mugford As 2022 comes to a conclusion during the next few months, there are some professionals involved in the healthcare real estate (HRE) sector who believe medical office building (MOB) sales will remain somewhat tepid when compared to […]

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Life Sciences: Filling a void in the emerging Boulder, Colo., LSRE market

Life Sciences: Filling a void in the emerging Boulder, Colo., LSRE market

BREI talks with Ben Rosenfield and Bill Jencks about PMB’s new $280M development By Murray W. Wolf San Diego-based PMB, a longtime healthcare real estate (HRE) developer, and Montgomery Street Partners, a real estate private equity firm with offices in Dallas and New York, announced Wednesday (Aug. 31) that they have received town board approval […]

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Feature Story: Are MOB sales slowing ?

Feature Story: Are MOB sales slowing ?

Opinions vary, but most agree that debt costs are up and there’s a gap in bid-ask pricing By John B. Mugford Sure, medical office building (MOB) sales have been on a tear in the 12 months leading up to the end of the second quarter (Q2) of this year, totaling an all-time high of $21.2 […]

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Companies & People: Sabrina Solomiany has big plans

Companies & People: Sabrina Solomiany has big plans

Former CBRE and HFF broker is now building Berkadia’s HRE/LSRE group By John B. Mugford In her two decades in commercial real estate (CRE) and healthcare real estate (HRE), Sabrina Solomiany has amassed quite a track record for herself and the large brokerage firms for which she worked. Just since 2014 – when she started […]

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Life Sciences: Life sciences real estate: Still a ‘hot’ market

Life Sciences: Life sciences real estate: Still a ‘hot’ market

Despite challenges, Q2 was strong and LSRE professionals remain upbeat long term By Murray W. Wolf and Erin E. Porter NATIONWIDE – OK. Let’s get the bad news out of the way first. Inflation hit a four-decade high of 9.1 percent in June and, although the annualized rate eased slightly to 8.5 percent in July, […]

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Life sciences: There will be a ‘hiccup,’ but LSRE prospects remain strong

Life sciences: There will be a ‘hiccup,’ but LSRE prospects remain strong

Over the long haul, this industry will continue to grow, IMN conference panelists agree By John B. Mugford Any question about whether the life sciences real estate (LSRE) sector is in a bit of a bubble right now was put to rest during a panel session at the recent IMN (Information Management Network) Life Sciences […]

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Life Sciences: Red-hot LSRE sector poised for a bit of a cooldown

However, panelists at recent LSRE conference in San Diego remain bullish on the space By John B. Mugford SAN DIEGO – For the past decade or so, the life sciences real estate (LSRE) sector has been a “magical” space for facility owners. That’s because the LSRE sector – which primarily includes office/lab space, but also encompasses […]

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Feature Story: Revista reports $8.2B in first half sales

Feature Story: Revista reports $8.2B in first half sales

Rents and occupancies are up; second generation MOBs are performing well By John B. Mugford With inflation on the rise and the cost of constructing new medical facilities continuing to escalate, who are the current and – at least for the near-term future – winners in the healthcare real estate (HRE) sector? In many cases, […]

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Companies & People: Vitalis and partner Advenir finding a lively HRE market

Companies & People: Vitalis and partner Advenir finding a lively HRE market

HREI interviews founder Elliott LaBreche about his fast-growing investment/brokerage firm By John B. Mugford A new name sure seems to keep popping up in the medical office building (MOB) acquisitions market, both for making purchases itself and for brokering sales for other owners. The company is Miami-based Vitalis, which was launched just last year and […]

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Companies & People: Big Sky is on track to make $1B of acquisitions in 2022

Firm led by Jason L. Signor made its latest purchase in Florida: two MOBs for $48 million DALLAS – News of acquisitions of medical office buildings (MOBs), and now life sciences facilities, keeps coming from Dallas-based Big Sky Medical Real Estate, the healthcare real estate (HRE) investment management firm formed last year by well-known industry […]

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Feature Story: The healthcare delivery model is changing fast

ASCs are playing a key role, The Advisory Board and Cushman & Wakefield say By John B. Mugford The great shift in where services can and are being delivered is certainly all the rage in the healthcare industry, as many professionals involved say doing so provides greater convenience and better access for patients in what […]

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Companies & People: Ventas veteran shares his vision for new venture

Companies & People: Ventas veteran shares his vision for new venture

Will Germain is joined by Mark Furlan and Damian Donati at MCB Science + Health By John B. Mugford In case you missed the news – which you might have since it broke last Tuesday (May 31), right after many of us returned to work after the Memorial Day weekend – long-time Ventas Inc. (NYSE: […]

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Project Case Study: Market knowledge pays off for HSA PrimeCare

Project Case Study: Market knowledge pays off for HSA PrimeCare

The firm’s newest MOB on the Silver Cross Hospital campus in New Lenox, Ill, is a big hit By Connie McCaffrey There are times when healthcare real estate (HRE) projects are planned and developed without a hitch. Then again, there are many projects in which HRE developers face unforeseen circumstances, requiring them to do their […]

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Feature Story: ASCs are attracting more investors

Newmark report: 2021 transaction volume was $316M; cap rate was 6.02 percent By John B. Mugford Medical office buildings (MOBs) are certainly one of the hottest property types in the commercial real estate investment world. This is evident by the record-breaking sales volume of MOBs in 2021 which, according to healthcare real estate (HRE) data […]

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Feature Story: Provider puzzle: To own or not to own MOBs?

BOMA MOB conference panel ponders the inflation-driven impact of rising construction costs and rents By John B. Mugford The percentage of medical office buildings (MOBs) developed and owned by third parties has increased steadily in recent years. But will rising rents prompt hospitals and health systems to reverse that trend? That was the crux of […]

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NexCore and HATCHspaces announce the grand opening of HATCHlabs @ Irvine Spectrum located at 3 Burroughs in Irvine, Calif.

News Release: First post-incubation life science facility in Orange County completed by NexCore Group & HATCHspaces

NEWS PROVIDED BY NexCore Group Sep 22, 2022, 16:42 ET DENVER & LOS ANGELES, Sept. 22, 2022 /PRNewswire/ — NexCore Group, a leading health care developer, and HATCHspaces®, a real estate development platform focused on creating purpose-built life sciences facilities, have completed a full building transformation of an office building in Irvine, Calif. to a specialized, […]

Alliance Consolidated Group of Companies acquired 6120 S. Fort Apache Road in Las Vegas for $6.8 million as part of a sale-leaseback.

News Release: Alliance Consolidated Group of Companies Acquires Net-Leased Medical Office Building in Las Vegas

Deal marks first acquisition made by Alliance’s $50 million healthcare real estate investment fund CHICAGO (Sept. 21, 2022) — Alliance Consolidated Group of Companies (Alliance) today announced it has acquired a net-leased medical office building at 6120 S. Fort Apache Road in southwest Las Vegas. The $6.8 million transaction was a sale-leaseback of the facility, […]

News Release: Catalyst and National Announce Ocala Eye’s Expansion in The Villages

PENSACOLA, Fla., September 21, 2022 – Catalyst Healthcare Real Estate (Catalyst), a full-service healthcare real estate investment firm, and National Real Estate Advisors, LLC (National), an investment manager developing and managing large-scale real estate projects on behalf of its clients, announce the development of a 22,500 square foot (SF) medical office building and ambulatory surgery […]

News Release: MidCap Financial Closes First Mortgage on a 72,538 Square Foot Office Condominium in UCity Square, Philadelphia, PA to be Repurposed for Life Sciences and Medical Uses.

BETHESDA, MD, September 21, 2022 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it recently closed a $24,660,000 transaction with Sounding Capital Partners. The floating rate first mortgage loan facilitated the acquisition and repositioning of a 72,538 square foot office condominium located at 3624 Market Street in UCity […]

News Release: Montecito Acquires Orthopedic Property in Mississippi

News Release: Montecito Acquires Orthopedic Property in Mississippi

FLOWOOD, Miss., Sept. 21, 2022 — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a 49,500 square-foot medical office building in Flowood, Mississippi. The building, which opened in 2018, is 100% leased to Capital Ortho, a practice group with locations across the Jackson area. The property […]

News Release: Thermo Fisher Scientific Partners with Pennsylvania Biotechnology Center to Support Life Sciences Growth in Philadelphia

Lab incubators offer biotech residents flexible, plug & play lab and research space within a specialized network of resources, programming, and expertise WALTHAM, Mass., Sept. 21, 2022, (BUSINESS WIRE)–The Pennsylvania Biotechnology Center (PABC) announced that Thermo Fisher Scientific has become a founding sponsor supporting the PABC campus in Doylestown, Pa., and their new B+Labs incubator […]

News Release: Kindred Behavioral Health and Dignity Health Announce Plans for New Inpatient Behavioral Health Hospital in Glendale

The free-standing 96-bed facility will help meet the region’s rapidly growing need for mental health services BRENTWOOD, Tenn. & PHOENIX, Sept. 20, 2022, (BUSINESS WIRE)–Kindred Behavioral Health (KBH), a business unit of LifePoint Health, and Dignity Health today announced the signing of a letter of intent to build and operate a new inpatient behavioral health […]

News Release: TMC CEO unveils Plans for Growth of Texas Medical Center as a Leading Life Science Corridor

News Release: TMC CEO unveils Plans for Growth of Texas Medical Center as a Leading Life Science Corridor

Annual State of the TMC showcases emerging campuses at Texas Medical Center September 20, 2022 03:18 PM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–William (Bill) McKeon, President and CEO of Texas Medical Center, today shared plans for the continued strategic growth of the Texas Medical Center at the annual State of the TMC, hosted by the Greater […]

News Release: Just Closed - Belle Meade Medical Plaza (Nashville, Tenn.)

News Release: Just Closed – Belle Meade Medical Plaza (Nashville, Tenn.)

Capital Markets | Healthcare & Life Sciences Just Closed Class A Medical Office Building in Nashville, Tennessee CBRE Transaction Highlights Date Closed 09/15/2022 Size 62,717 SF Occupancy 100% Belle Meade Medical Plaza | Nashville, TN CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Belle Meade Medical Plaza (the “Property”) in Nashville, […]

Conceptual rendering of 300 Binney St., Cambridge, post-renovation. Courtesy of HGA and BXP. This design has not been approved and is subject to change. (By Broad Communications)

News Release: Broad Institute expands in Kendall Square, leases additional 225,000 square-foot lab and office building for advanced biomedical research

NEWS / 09.20.22 Addition of six-story facility will bring Broad’s footprint in Kendall to nearly one million square feet, significantly increasing lab space for scientific innovation Broad Institute of MIT and Harvard plans to further expand in Kendall Square through the long-term lease of a 225,000 square foot facility at 300 Binney Street in Cambridge. […]

News Release: BXP Expands Life Sciences Portfolio in Kendall Square in Cambridge, MA

News Release: BXP Expands Life Sciences Portfolio in Kendall Square in Cambridge, MA

September 20, 2022 06:45 AM Eastern Daylight Time Completes Acquisition of 125 Broadway & Signs Lease to Redevelop 300 Binney Street BOSTON–(BUSINESS WIRE)–Sep. 20, 2022– BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it completed the acquisition of 125 Broadway, a six-story, […]

News Release: $61M construction loan secured for suburban Dallas seniors housing development

News Release: $61M construction loan secured for suburban Dallas seniors housing development

JLL Capital Markets arranged the financing for The Preserve at Spring Creek, a 230-unit senior living community in Garland, TX SEATTLE – September 19, 2022 – JLL Capital Markets announced today that it has arranged $61 million in construction financing for the development of The Preserve at Spring Creek, a 230-unit assisted living, memory care […]

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News Release: Rethink Capital Partners undergoes rebranding, launches new website

Rethink Capital Partners, formerly known as Seavest Investment Group, has undergone a rebrand to reflect the firm’s continued growth and its longtime commitment to mission driven investing. NEW YORK, N.Y. and WHITE PLAINS, N.Y., Sep. 19, 2022 – The firm previously known as Seavest Investment Group announced today that they have rebranded as Rethink Capital […]

News Release: Anchor Health Properties Expands Footprint in Memphis, Tennessee with 42,099 Square Foot Outpatient MOB

News Release: Anchor Health Properties Expands Footprint in Memphis, Tennessee with 42,099 Square Foot Outpatient MOB

FOR IMMEDIATE RELEASE September 19, 2022 (Nashville, TN) Furthering the company’s multi-asset, nearly one million square foot owned and managed portfolio across Tennessee, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, recently closed on a two story, 42,099 square foot, institutional quality […]

News Release: Anchor Health Properties Enters New Market with Grand Opening of Provider-Based FSED & Urgent Care Center in Oklahoma City, Oklahoma

News Release: Anchor Health Properties Enters New Market with Grand Opening of Provider-Based FSED & Urgent Care Center in Oklahoma City, Oklahoma

FOR IMMEDIATE RELEASE September 19, 2022 (Phoenix, AZ) – Celebrating the grand opening of the new 10,865 square foot provider-based free standing emergency department and urgent care center in Oklahoma City, Oklahoma, Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, joined members from […]