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News Release: BMO Healthcare Real Estate Finance acts as Administrative Agent and Lead Arranger of $200 Million Acquisition Loan for a Joint Venture between Dallas-based Big Sky Medical and Bahraini investor GFH for a medical office portfolio.

News Release: BMO Healthcare Real Estate Finance acts as Administrative Agent and Lead Arranger of $200 Million Acquisition Loan for a Joint Venture between Dallas-based Big Sky Medical and Bahraini investor GFH for a medical office portfolio.

Chicago, August 26, 2022 – BMO’s Healthcare Real Estate Finance group announces that it has closed on a $200 million term loan on behalf of a joint venture between Dallas-based Big Sky Medical Real Estate and GFH, an institutional investor based in Bahrain with a global portfolio of investments. The BMO loan provided financing for […]

News Release:  First-of-its-Kind Mixed-Use Development by Belmont Village Senior Living and Baptist Health South Florida Reaches Construction Milestone in Coral Gables

News Release: First-of-its-Kind Mixed-Use Development by Belmont Village Senior Living and Baptist Health South Florida Reaches Construction Milestone in Coral Gables

CORAL GABLES, Fla., August 25, 2022, (BUSINESS WIRE)–Award-winning senior housing developer and operator Belmont Village Senior Living and renowned healthcare organization Baptist Health South Florida announce the topping out of Belmont Village Senior Living Coral Gables on August 25, located at 4111 Salzedo Street. Opening in 2023, this community represents an unprecedented joint venture to […]

News Release: SRS’ National Net Lease Group Brokers $46.7 Million Off-Market Sale of a Skilled Nursing Facility in Fort Myers, FL

News Release: SRS’ National Net Lease Group Brokers $46.7 Million Off-Market Sale of a Skilled Nursing Facility in Fort Myers, FL

This transaction marks the largest for a medical or office property in Lee County year-to-date Fort Lauderdale, FL (August 25, 2022) – SRS Real Estate Partners’ National Net Lease Group (NNLG) announced today it has completed the $46.7 million off-market sale of a single-tenant medical facility occupied by Lee Memorial Health System’s Gulf Coast Medical […]

News Release: Montecito Medical Acquires Two Medical Office Properties in Lake Charles, LA

News Release: Montecito Medical Acquires Two Medical Office Properties in Lake Charles, LA

Montecito Medical, a premier owner of medical office properties throughout the U.S., has acquired two medical office buildings in Lake Charles, Louisiana. The buildings offer a combined total of 54,417 square feet and are 100% leased. The larger of the two properties, with 41,000 square feet, is occupied by the Center for Orthopaedics. The Center […]

News Release: Mayor Adams Invests $27 Million To Accelerate Growth Of Life Sciences In NY

News Release: Mayor Adams Invests $27 Million To Accelerate Growth Of Life Sciences In NY

August 24, 2022 City Awards to City College and Mount Sinai Will Create Hundreds of Jobs and Support New Startups and Next Generation of Innovation and Research Mayor Adams’ Vision Has NYC on Path to Become Global Leader in Life Sciences, Create 40,000 Family-Sustaining Jobs in Next Decade NEW YORK – New York City Mayor […]

News Release: Acquisition of future Houston-area cGMP life science facility closes

News Release: Acquisition of future Houston-area cGMP life science facility closes

JLL Capital Markets arranged the acquisition of the 76,000-square-foot 9501 Lakeside Blvd. in The Woodlands, Texas WASHINGTON, D.C., August 24, 2022 – JLL Capital Markets announced today that it has closed the acquisition of 9501 Lakeside, a future 76,000-square-foot, cell therapy manufacturing facility located in The Woodlands within the Houston, Texas, MSA. JLL represented the […]

News Release: COMMONWEALTH SELECTS PARTNER FOR TRANSFORMATION OF HURLEY BUILDING

News Release: COMMONWEALTH SELECTS PARTNER FOR TRANSFORMATION OF HURLEY BUILDING

$1B+ Project Will Activate an Underutilized Site in Downtown Boston with Life Sciences & Mixed-Use Redevelopment, Solving Decades of Site Challenges BOSTON, Aug. 24, 2022- Today, the Baker Polito Administration announced the designation of Leggat McCall Properties (LMP) as the Commonwealth’s partner to redevelop the Charles F. Hurley Building. The project will catalyze substantial economic […]

News Release: Sonoma Biotherapeutics Signs Long-Term Lease to Create New 83,000-SF Treg Cell Therapy R&D and Manufacturing Center in Seattle

News Release: Sonoma Biotherapeutics Signs Long-Term Lease to Create New 83,000-SF Treg Cell Therapy R&D and Manufacturing Center in Seattle

Cushman & Wakefield and JLL represented the tenant in the long-term lease transaction SEATTLE, Wash., August 24, 2022 – Cushman & Wakefield and JLL today jointly announced that the firms have represented Sonoma Biotherapeutics, Inc. in a long-term lease agreement to develop an approximately 83,000-square-foot Research and Development (R&D) and Manufacturing Center in Seattle, Washington. […]

News Release: HREA Announces Michael Altieri as Director of Healthcare Real Estate Investment Sales

News Release: HREA Announces Michael Altieri as Director of Healthcare Real Estate Investment Sales

CHARLOTTE, NC, Aug. 24, 2022 — HREA | Healthcare Real Estate Advisors is pleased to announce that Michael Altieri has joined the firm as Director of Healthcare Real Estate Investment Sales. Located in HREA’s Charlotte, North Carolina office, Michael will be primarily responsible for HREA’s growth and expansion in the Midwest and Eastern U.S. Michael has […]

News Release:Sonoma Biotherapeutics Enters Long-Term Lease Agreement to Establish a Treg Cell Therapy R&D and Manufacturing Center

News Release:Sonoma Biotherapeutics Enters Long-Term Lease Agreement to Establish a Treg Cell Therapy R&D and Manufacturing Center

Center will be devoted to research, development and manufacturing of novel regulatory T cell (Treg) therapies for autoimmune and inflammatory diseases Center will house a cGMP-compliant manufacturing facility designed to produce cell products at scale for upcoming clinical trials across Sonoma Bio’s gene-modified Treg programs SOUTH SAN FRANCISCO, Calif. & SEATTLE, Aug. 24, 2022–(BUSINESS WIRE)–Sonoma […]

150 Monument, Curtis, plus Various

News Release: Keystone Development + Investment Secures $265.2M Loan to Expand the Life Science Conversion of The Curtis

August 24, 2022 08:48 AM Eastern Daylight Time CONSHOHOCKEN, Pa.–(BUSINESS WIRE)–Keystone Development + Investment has secured a $265.2 million loan from Nuveen Real Estate, an affiliate of Teachers Insurance & Annuity Associates of America (TIAA), to expand its Life Science conversion of The Curtis in Philadelphia, and to construct the mission-critical infrastructure required for the […]

News Release: CBRE Investment Management Fund Invests in Four-Building Medical Office Portfolio in Orange County, California

News Release: CBRE Investment Management Fund Invests in Four-Building Medical Office Portfolio in Orange County, California

Firm Looks to Further Increase Investment Nationally in Sector it Expects to be Recession-Resistant 23 Aug 2022 CBRE Investment Management, on behalf of a fund it manages, has acquired a four-building medical office portfolio totaling 282,683 square feet in the coastal gateway market of Orange County, California, through a joint venture with Healthcare Realty Trust. […]

News Release: Fairfield Advisors Announces $5,500,000 Sale of Tucson Orthopedic Institute MOB

News Release: Fairfield Advisors Announces $5,500,000 Sale of Tucson Orthopedic Institute MOB

TUCSON, Aug. 23, 2022 — Fairfield Advisors announced that it has facilitated the sale of the Tucson Orthopedic Institute Medical Office Building located at 12315 N. Vistoso Park Drive in Oro Valley, AZ. Fairfield represented the seller in the transaction. The building was built in 2017 and totals 10,500 square feet. Tucson Orthopedic Institute is the […]

Breaking News: Capital Real Estate Group Announces Sale of Two-Property Senior Housing Portfolio

Breaking News: Capital Real Estate Group Announces Sale of Two-Property Senior Housing Portfolio

CENTRAL MICHIGAN, Aug. 23, 2022  — Capital Real Estate Group’s – U.S. Healthcare Investment Sales practice is pleased to announce the sale of a two-property senior housing portfolio consisting of 139 units that span over 126,000 square feet. The portfolio is located in central Michigan where the two communities are located adjacent to one another and […]

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 […]