News Release: Montecito Adds Medical Office Property in Northeastern PA
August 16th 2022 Montecito Medical has completed the acquisition of a medical office property in Bethlehem, Pennsylvania. The two-story, multi-tenant St. Luke’s Medical Office Building, which offers just under 20,500 square feet of space, is fully leased. Montecito Medical has completed the acquisition of a medical office property in Bethlehem, Pennsylvania. The two-story, multi-tenant St. […]
News Release: WuXi STA Breaks Ground for New Pharmaceutical Manufacturing Facility in Middletown, Delaware
MIDDLETOWN, Delaware, August 16, 2022 – WuXi STA, a leading Contract Research, Development, and Manufacturing Organization (CRDMO), is pleased to announce the groundbreaking for its new 190-acre pharmaceutical manufacturing campus in Middletown, Delaware. First announced in June 2021, this site will be WuXi STA’s second facility in the United States, offering expanded capacity and greater […]
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 […]
News Release: Coldwell Banker Commercial Brokers Sale Of Landmark, Medical Office Building In Edinburg, Texas
FOR IMMEDIATE RELEASE EDINBURG, Texas (August 15, 2022) – Coldwell Banker Commercial is pleased to have represented both the buyer and the seller in the off-market disposition of a 61,000 square foot medical office building located at Cornerstone Medical Park. The property is located at 2800 W. Trenton Rd. in Edinburg, Texas. The sales price […]
News Release: AP Construction and Acadia Healthcare Top Out Rio Vista Behavioral Health Expansion Project In El Paso
EL PASO, Texas – (August 15, 2022) —- Adolfson & Peterson Construction (AP), a national, family-owned construction management and contracting company, and Acadia Healthcare Company Inc., a leading provider of behavioral healthcare services across the U.S., have topped out the new addition to Rio Vista Behavioral Health Hospital in El Paso, Texas, marking the construction […]
News Release: JLL arranges $230M financing for Somerville life sciences development
15 McGrath Highway will be a 262,000 SF, state-of-the-art building designed to meet the needs of the growing Greater Boston-area life sciences market BOSTON, August 15, 2022 – JLL Capital Markets announced today that it has arranged a $230 million construction loan for the development of 15 McGrath Highway, a speculative life sciences development totaling […]
News Release: PRECAP Brokers $15.2M Naperville, IL Surgery Center Real Estate
Physician Real Estate Capital Advisors Announces $15.2 Million, $763 Per Square Foot, Sale of Suburban Gastroenterology and Midwest Endoscopy Center Property in Naperville, Illinois Investor Acquires Gastroenterology Clinic and Ambulatory Surgery Center Real Estate in Suburban Chicago (August 15, 2022) NAPERVILLE/CHICAGO – Physician Real Estate Capital Advisors (“PRECAP”) announces the $15.2 million, $763 per square […]
News Release: WakeMed Announces Plans to Create Greater Access to Mental Health and Medical Access
RALEIGH, N.C. (August 15, 2022) – Today, WakeMed is filing two certificates of need (CON) with the state of North Carolina to build a 150-bed mental health hospital and a 45-bed acute care hospital. “These projects reflect our community-wide commitment to provide area individuals and families with greater access to the right health care in the […]
Life Sciences: 2022 Mid-Year Life Science Overview & Market Clusters (Newmark)
Life science remains well-positioned to continue as one of the most sought after and top performing niche sectors in real estate despite recent macroeconomic deceleration, as both tenant and investor demand for laboratory, incubator, and biomanufacturing (GMP) space improved significantly throughout the COVID-19 pandemic. Key Takeaways Pricing for life science and R&D assets remains at […]
News Release: Breakthrough to Utilize its Expertise in Lab Development and Operations to Support Boulder’s Burgeoning Yet Underserved Biotech Community
BOULDER, Colo., Aug. 11, 2022 /PRNewswire/ — Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced it has acquired a 9.3-acre, four-building campus in Boulder, CO, which will be transformed into “Boulder 38 by Breakthrough” featuring 164,000-square-feet of office, lab […]
News Release: AP Tops Out Oasis Behavioral Health Hospital
CHANDLER, Ariz., Aug. 12, 2022 — Adolfson & Peterson Construction (AP), a national, family-owned construction management and contracting company, recently topped out Oasis Behavioral Health Hospital (OBHH), officially marking the construction’s midpoint. “AP recognizes the ongoing mental health crisis and its impact on the nation and construction industry. There’s an increased need for mental health […]
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, […]
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 […]
News Release: Medical office building in northern New Jersey trades
JLL Capital Markets led the sales effort for the 95%-leased Patriot Plaza in Hackettstown, NJ MORRISTOWN, N.J., August 11, 2022 – JLL Capital Markets announced today that it has closed the sale of Patriot Plaza, a 65,658-square-foot, multi-tenanted medical office building in Hackettstown, New Jersey. JLL represented the seller, a private company, in the sale […]
News Release: Recent MOB Closing | CREG U.S. Healthcare Investment Sales (Southpoint Surgery Center, Jacksonville, Fla.)
The Capital Real Estate Group – U.S. Healthcare Investment Sales practice is pleased to announce the sale of the Southpoint Surgery Center, a premier ASC anchored medical office building located in Jacksonville, FL. The Property is 100% leased and consists of approximately 34,029 SF square feet over three floors with the 13,021 square foot Southpoint […]
