Companies & People: 5 questions for Vince Cozzi
Former Ventas exec shares insight into his new job with large Canadian REIT By John B. Mugford The mid- to late-2000s was a boom time for the country’s medical office building (MOB) sector, a time when real estate investors of various sizes and types started to become interested in, and spend lots of money on, […]
Companies & People: MPT ventures overseas for HRE purchase, landing properties in Germany
GERMANY – With pricing for healthcare real estate properties of all kinds continuing to escalate in the United States, some large investors are looking overseas for deals to complement their domestic portfolios and activity. One such investor is Birmingham, Ala.-based Medical Properties Trust Inc. (NYSE: MPW), which recently entered definitive agreements to acquire and lease […]
Companies & People: Realty Trust Group lands contract with Greensboro, N.C.-based Cone Health
GREENSBORO, N.C. – Knoxville-based Realty Trust Group (RTG) was recently awarded a multi-year contract by Greensboro, N.C.-based Cone Health to provide strategic planning, leasing and other advisory services for the system’s real estate portfolio.
Companies & People: More Companies & People News
■ Shawn A. Janus recently joined San Diego-based Pacific Medical Buildings (PMB), a well-known healthcare facilities developer, owner and manager. Mr. Janus joins PMB as a senior VP for healthcare development and acquisitions. With more than 30 years of experience in commercial real estate, Mr. Janus’ area of expertise in healthcare includes development, acquisition, and […]
News Release: Accretive Realty Sells La Quinta Medical Center for $25 Million
Transaction Marks NGKF Global Healthcare Services’ Fourth Medical Office Sale for the Orange County-Based Investment Firm in 12 Months La Quinta, Calif.—Newmark Grubb Knight Frank (NGKF) Global Healthcare Services completed the $25 million sale of La Quinta Medical Center in Riverside County, Calif., on behalf of Accretive Realty Investment, LLC (Accretive Realty). The buyer was […]
News Release: Omega Communities Expands Southwest Florida Footprint
New Assisted Living & Memory Care Community to Add More Than 300 Jobs by 2016 Opening FORT MYERS, FLORIDA – December 23, 2014 – Omega Communities, a Birmingham, Alabama-based senior living developer, announced today that it has acquired a nine-acre site at the intersection of Daniels Parkway and Six Mile Cypress Parkway in Fort Myers, […]
News Release: Closing Announcement – New Orleans – $10.5M Medical Office Sale – Fairfield Advisors
Fairfield Advisors announces successful closing of Napoleon Medical Building in New Orleans, LA. – $10,500,000 Sale – Denver CO & New Orleans LA (December 19, 2014)- Fairfield Asset Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the successful sale of the Napoleon Medical Building located at 2633 Napoleon Avenue in […]
News Release: GE Capital Agents $500 Million Credit Facility for Brookdale Senior Living
BETHESDA, Md., Dec 22, 2014 (BUSINESS WIRE) — GE Capital’s Healthcare Financial Services (HFS) business announced today that it has agented a $500 million credit facility for Brookdale Senior Living Inc. HFS is administrative agent and GE Capital Markets is sole lead arranger on the transaction. The funds may be used to finance acquisitions, to […]
News Release: Baptist Health System Signs Letter of Intent with Tenet Healthcare
Companies begin exclusive non-binding discussions to form new joint venture to provide care in central Alabama BIRMINGHAM, Ala. – Dec. 15, 2014 – Baptist Health System today announced that it has signed an exclusive, non-binding Letter of Intent (LOI) with a subsidiary of Tenet Healthcare Corporation (NYSE: THC), the parent company of Brookwood Medical Center, […]
News Release: NGKF Global Healthcare Services Negotiates Sale of Columbus Regional Healthcare System Medical Office Portfolio
Atlanta (December 2014)—Newmark Grubb Knight Frank (NGKF) Global Healthcare Services has negotiated the sale of the Columbus Regional Healthcare System (CRHS) medical portfolio, which comprises 12 medical office buildings located in Columbus, Ga., and one medical office property in Phenix City, Ala. Physicians Realty Trust (NYSE:DOC), a self-managed healthcare real estate investment trust (REIT), purchased […]
News Release: Berkeley Investments Taps Transwestern | RBJ To Lease Vacant Building Near Boston Medical Center
801 Albany St. in South End Ideal for Office, Medical Office Users (December 19, 2014 – Boston) – Transwestern | RBJ today announces the firm has been hired by Berkeley Investments Inc. as the exclusive leasing agent for 801 Albany St., a 42,000-square-foot, brick-and-beam building located in Boston’s South End neighborhood. The four-story building formerly […]
News Release: JLL Drives Growth with Capital Markets Hire in Mid-Atlantic
Paul Spellman joins firm as Senior Vice President WASHINGTON, D.C., Dec. 18, 2014 – To drive further growth in its overall Capital Markets business, JLL today announced the firm is expanding its Mid-Atlantic platform with the addition of Paul Spellman as a Senior Vice President. Spellman, based in the Washington, D.C. office, will have a […]
News Release: Cornerstone Awarded 675,000+ Sq Ft Contract
Cornerstone Companies, Inc. Awarded 675,000+ Square Foot Management Contract Indianapolis, IN – December 15, 2014 – Local real estate development company, Cornerstone Companies, Inc. has been hired by American Healthcare Investors Management Services, Inc. (AHI) to act as the exclusive leasing and management agent for a 676,473 square foot portfolio of medical office buildings. NorthStar […]
News Release: CBRE GROUP, INC. HEALTHCARE PRACTICE ACHIEVES STRONG GROWTH IN 2014
Los Angeles, CA – December 18, 2014—CBRE Group, Inc. (NYSE:CBG) today announced that its healthcare specialty group achieved strong growth in 2014, with 14 long-term contracts signed this year, including six with new clients. Leading healthcare organizations that selected CBRE to provide long-term real estate services for their portfolios included Bon Secours Health System and […]
News Release: Destination Medical Center Hits Milestone
Destination Medical Center (DMC) Draft Development Plan Presented to DMCC Board ROCHESTER, Minn. (December 17, 2014) – The Destination Medical Center (DMC) initiative reached a major milestone today with the submittal of the draft Development Plan to the Destination Medical Center Corporation (DMCC) Board. The draft Plan outlines private and public investments and strategies to […]