News Release: Cushman & Wakefield secures $29.8m construction financing for 97-apartment Benchmark assisted living & memory care community
HANOVER, MA, Jan. 11, 2021 – Cushman & Wakefield announced today that the real estate services firm’s Senior Housing Capital Markets team exclusively advised a joint venture between Benchmark Senior Living and Iron Point Partners, LLC, securing a $29.8 million construction loan for the development of Benchmark of Hanover, a 97-apartment assisted living and memory […]
News Release: Cushman & Wakefield sells fully entitled senior housing development site in upscale Denver suburb
DENVER, Jan. 11, 2021 – Cushman & Wakefield announced today that the real estate services firm’s Senior Housing Capital Markets team has arranged the sale of a high quality, urban infill development site in the affluent Cherry Creek suburb of Denver, CO. The fully entitled site was purchased by Ryan Companies, Cadence Living and Harrison […]
News Release: Cushman & Wakefield Senior Housing arranges acquisition financing in Phoenix, Arizona
PHOENIX, Jan. 11, 2021 –– Cushman & Wakefield announced today that, as exclusive advisor to a joint venture between Harrison Street Real Estate and Stellar Senior Living, the real estate services firm’s Senior Housing Capital Markets team has arranged acquisition financing for Heritage Sun City, a 211-unit independent and assisted living community located in the […]
News Release: Cushman & Wakefield Senior Housing arranges acquisition financing for Harrison Street & LCB Senior Living in New Jersey
PHILADELPHIA, Jan. 11, 2021 – Cushman & Wakefield announced the real estate services firm’s Senior Housing Capital Markets team served as the exclusive advisor to a joint venture between Harrison Street and LCB Senior Living, LLC to secure the acquisition financing of a portfolio of three senior housing assets in New Jersey. The portfolio totals […]
News Release: Cushman & Wakefield Senior Housing completes the first of three Florida skilled nursing property sales totaling $118 million
TAMPA, FL, Jan. 11, 2021 –– Cushman & Wakefield announced today that the real estate services firm has completed the sale of Lutz Healthcare and Rehab, a 120-bed skilled nursing facility built in 2011, which is located in Lutz, a suburb in Hillsborough County within the Greater Tampa Bay MSA in Florida. The closing represents […]
News Release: Leading Orthopedic Provider Expanding South (Lakeville, Minn.)
FOR IMMEDIATE RELEASE Growing Orthopedic Provider Expanding into South Suburb MINNEAPOLIS (Monday, January 11, 2021) – One of Minnesota’s leading specialty care providers, Summit Orthopedics, is expanding its south metro footprint. Summit is in the planning and development stages to open another state-of-the-art orthopedic care clinic, this time in the city of Lakeville. The undeveloped […]
News Release: CBRE Completes Sale of the Park Plaza Medical Campus in Redlands, Calif. for $18.3 Million
FOR IMMEDIATE RELEASE Los Angeles – Jan. 9, 2021 – CBRE announced the sale of Park Plaza, a three-building medical office property in Redlands, Calif. for $18.3 million. Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger of CBRE’s U.S. Healthcare and Life Sciences Capital Markets partnered with Anthony DeLorenzo, Gary Stache, Sammy Cemo and […]
News Release: Avison Young completes $4.45 million sale of a vacant two-building medical office center in Downey, CA
8 JAN 2021 Los Angeles, CA – Avison Young announced today it has completed the $4.45 million sale of a vacant two-building medical office property totaling 15,213 square feet (sf) located at 8600 and 8630 Florence Avenue in Downey, CA. Avison Young Principal Patrick Barnes who is located in the downtown Los Angeles office represented […]
News Releases: Essentia Health and CommonSpirit Health sign Letter of Intent
Published on January 08, 2021 Negotiations move forward regarding opportunity for CHI facilities in North Dakota and Minnesota to join Essentia Health Essentia Health and CommonSpirit Health have signed a Letter of Intent for CommonSpirit-owned facilities operating under the CHI brand in North Dakota and Minnesota to join Essentia Health. This includes CHI St. Alexius […]
News Release: Skanska to Build $187M Orlando Health Jewett Orthopedic Institute
Press Release Orlando, FL, (January 08, 2021) – Skanska, a global construction and development firm, has announced it was awarded the contract to lead construction for the new 371,000-square-foot Orlando Health Jewett Orthopedic Institute in downtown Orlando. The combined inpatient and outpatient facility will be dedicated solely to the care of orthopedic patients. The Institute […]
News Release: Deal Announcement (CRE) | BMO acts as Administrative Agent and Sole Lender of Credit Facility in excess of $14 Million
BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lender of Credit Facility in excess of $14 Million for a Joint Venture advised by Heitman and managed by Montecito Medical Acquisition Company. BMO Harris Bank’s Healthcare Real Estate Finance group announced that it acted as the administrative agent and sole lender on […]
News Release: Meridian Purchases 188,000-Square-Foot Medical Building in Tucson
FOR IMMEDIATE RELEASE: TUCSON, Ariz. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of El Dorado Medical Plaza, a 187,690-square-foot, three-story combined Class-B medical office building, surgery center and hospital in Tucson, Arizona. The property was purchased […]
News Release: Mission Accomplished: Hybrid Sale-Leaseback of Multi-Specialty ASC in Panama City, FL
Recently Sold HREA healthcareREA.com Class “A” Multi-Specialty ASC 16,926 SF Panama City, Florida Announcement HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of an approximate 17,000 SF ambulatory surgery center located in Panama City, Florida. The state-of-the-art multi-specialty ambulatory surgery center consists of four operating rooms and two GI/pain […]
News Release: Leading Developer Sells Medical Office Building in Prime Location
J.G. Petrucci Company, Inc., has sold the medical office building located at 2401 Northampton Street, Easton, Pennsylvania, to healthcare real estate leaders, Physicians Realty Trust (NYSE: DOC). J.G. Petrucci Co. delivered the development design/build of the 40,000 two-story healthcare center in 18 months to meet the community’s needs for an easily accessible healthcare facility. Located […]
News Release: Avison Young negotiates sale of 98K SF Campus MOB property in Illinois
Avison Young negotiates sale of 98K SF Campus MOB property Fully leased, Class A building is on campus of University of IL College of Medicine Jan. 6, 2021 — Chicago, IL – Avison Young announced today that it negotiated the sale of a 98,000-square-foot (sf), fully-leased, Class A medical office building in Peoria, IL. The […]
