News Release: Construction Begins on New Experience Senior Living Development and Civitas Senior Living Community in North Port, Florida
NEWS PROVIDED BY Civitas Senior Living Mar 10, 2020, 08:00 ET FORT WORTH, Texas, March 10, 2020 /PRNewswire/ — Construction has begun on Civitas Senior Living and Experience Senior Living Development’s latest collaboration and joint project, The Gallery at North Port. The new senior living community is being built at 1322 N Main St. in North Port, Florida. “This is our […]
News Release: St. James Hospital Cuts Ribbon in Anticipation of March 17 Grand Opening
March 6, 2020 — Officials from New York State, UR Medicine and St. James Hospital gathered Friday morning to cut the ribbon on the new, 87,000-square-foot hospital. Located at 7329 Seneca Rd. N. in Hornell, the new facility is nearly complete and will open for business March 17. The public was invited to an open house […]
News Release: Avison Young negotiates sale of 60,231-SF McLean County Orthopedics facility in Illinois
Hammes Partners buys asset as sale leaseback March 4, 2020 — Chicago, IL — Avison Young announced today that it negotiated the sale of a 60,231-square-foot (sf) Class A medical office building at 1111 Trinity Lane in Bloomington, IL. Hammes Partners was the buyer. The seller, McLean County Orthopedics, will lease the building back on a long term […]
News Release: New Era Partners Expands its Premier Healthcare Facility Portfolio
Grapevine, Texas – March 4, 2020 – New Era Partners today announced the acquisition of a hospital with attached medical office in Louisiana and the development of multiple healthcare assets in Texas and Indiana. These assets include 3 behavioral hospitals that were acquired or developed for Oceans Healthcare, based in Plano, Texas. They also include […]
News Release: NexCore Group Breaks Ground on Approximately 61,000 s.f. Post-Acute Care Center of Excellence in Tucson, Ariz.
The Northwest Healthcare and CHS facility will better serve patients and reduce hospital readmissions Top: The new, approximately 61,000 s.f. Northwest Transitions is being developed on the Northwest Medical Center campus, 6200 N. La Cholla Blvd. in Tucson. Bottom: Executives from Northwest Medical Center, CHS and NexCore Group were on hand Feb. 11 for the […]
News Release: Gantry Acquires Norris, Beggs & Simpson’s Mortgage Banking Production and Servicing Platform in Portland, OR and Seattle, WA
Gantry, the nation’s largest independently-owned commercial mortgage banking company and formerly Newmark Realty Capital, Inc., completed the acquisition of Norris, Beggs & Simpson’s commercial real estate mortgage banking group, which includes production and servicing offices in Portland, OR and Seattle, WA. • Gantry Welcomes Norris, Beggs & Simpson’s (NBS) Commercial Real Estate Mortgage Banking Team; […]
Feature Story: What’s an investor to do in today’s market?
While keeping a wary eye on the coronavirus, InterFace HRE West panelists discuss strategy in a highly competitive, low-cap rate environment By John B. Mugford Some believe that the potential impact of the coronavirus has been overblown by the news media. Yet any prudent business person is still watching the situation closely and trying to […]
News Release: Ventas Successfully Completes Initial Closing of Perpetual Life Vehicle Targeting Life Science, Medical Office and Senior Housing Real Estate
March 03, 2020 08:33 AM Eastern Standard Time CHICAGO — (BUSINESS WIRE) — Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”), today announced that it successfully completed the initial closing of the previously disclosed Ventas Life Science and Healthcare Real Estate Fund, L.P. (the “Fund”), a perpetual life vehicle that focuses on investments in core […]
News Release: NKF Orchestrates $9M Sale of 53,000SF Scottsdale Medical Pavilion
FOR IMMEDIATE RELEASE Newmark Knight Frank Orchestrates $9.18 Million Sale of 53,000 SF Scottsdale Medical Pavilion Phoenix, AZ (March 2, 2020) — Newmark Knight Frank (NKF) announces the sale of Scottsdale Medical Pavilion located in Old Town Scottsdale. The 53,157-square-foot, three-story, multi-tenant medical office building sold for $9.18 million or $172.70 per square foot. Located […]
News Release: The Christman Company acquires MEDCO Construction from Baylor Scott & White Health
Acquisition allows for expanded services and growth in Southwest Region MEDCO, the construction arm of Baylor Scott & White, the largest not-for-profit healthcare system in Texas, had previously operated as an in-house construction partner for the System for more than 55 years. The unique collaboration resulted in some of the System’s, and the state’s, most […]
News Release: The Sanders Trust Announces Expansion Development for Addiction Treatment Center in New England Area
The Sanders Trust Announces Expansion Development For Addiction Treatment Center, Serenity At Summit New England Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, announces the ground breaking for the expansion of Serenity at Summit New England (“Serenity”), a behavioral health center located near Boston. The expansion project for Serenity includes the complete renovation […]
Thought Leaders: Medical office sales exceeds $13B for third year in a row
JLL Healthcare Capital Markets Medical Office Perspectives February 2020 JLL research reports medical office sales totaled $13.4 billion in 2019, near all-time highs of 2017 and 2018 Total Medical Office Investment Sales Source: JLL Research, Real Capital Analytics (transactions larger than $2.5 million) Key points: · Medical office sales […]
News Release: New Okatie Medical Pavilion “Topped Off”
02/28/2020 Beaufort Memorial celebrated the completion of the steel structure for its three-story Okatie medical office building with a “topping off” ceremony on Tuesday, February 25 at the facility’s 19-acre site on Okatie Center Boulevard North. Construction of the 70,000-square-foot Okatie Medical Pavilion began in May 2019 and is scheduled to be completed in fall […]
News Release: Just Closed – Hammes Partners Medical Office Portfolio
JLL Investment Advisory Healthcare Capital Markets Just closed: Hammes Partners Medical Office Portfolio 1.5M square feet | 29 properties | Multi-state The JLL Healthcare Capital Markets Group is pleased to announce the sale of Hammes Partners Medical Office Portfolio, a 1.5 million square foot, core quality collection of 29 Class A medical office buildings occupied […]
News Release: NexCore Group Breaks Ground on Banner Health Center, a Multispecialty MOB in Glendale, Ariz.
FOR IMMEDIATE RELEASE Health center at the Aspera mixed-use development in the northwest Phoenix suburb to offer comprehensive care GLENDALE, Ariz., and DENVER, Feb. 26, 2020 –National healthcare real estate developer NexCore Group has broken ground in Glendale for the three-story, 127,243-square-foot Banner Health Center. The multispecialty facility will be Banner’s newest and largest health center to date. […]