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 […]
News Release: Broadstone Net Lease Provides Update on Q3 2022 Acquisitions Activity
ROCHESTER, N.Y.–(BUSINESS WIRE)–Broadstone Net Lease, Inc. (NYSE: BNL), (“BNL”), continues to build and evaluate a robust pipeline of potential investment opportunities predominantly focused on industrial, healthcare, restaurant, and retail asset classes. Today, BNL provided an update on third quarter acquisitions activity. Subsequent to the quarter ended June 30, 2022, we closed an additional $80.2 million […]
News Release: PMB & UChicago Medicine break ground on $121 million multispecialty care facility in Crown Point, Indiana
This new 130,000 SF multispecialty care center and micro-hospital in Northwest Indiana will be the largest off-site facility for the academic health system. CROWN POINT, Ind., Aug. 10, 2022 /PRNewswire/ — PMB along with The University of Chicago Medicine broke ground on a new two-story, 130,000-square-foot multispecialty care center and micro-hospital in Northwest Indiana for […]
News Release: Catalent to Acquire Metrics Contract Services for $475M
Expands high-potent capabilities and oral development and manufacturing capacity. Catalent, Inc. has reached an agreement to acquire Metrics Contract Services, a full-service specialty contract development and manufacturing organization (CDMO) with a facility in Greenville, NC, for $475 million from Mayne Pharma Group Limited. The acquisition will strengthen Catalent’s capabilities in integrated oral solid formulation development, […]
News Release: MedCraft Investment Partners Invests in New Regional Hub for Healthcare
FOR IMMEDIATE RELEASE Working with Not-for-Profit Health Systems Minneapolis, Minn. – August 9, 2022 – MedCraft Investment Partners, a dedicated investment platform focused exclusively on healthcare real estate, invested $25.6M in the Prairie Commons Medical Office Building located at 3563 Prairieview Street, Grand Island, Nebraska. The 61,515 square foot, multi-tenant medical office building was completed in 2022 and […]
News Release: Welltower Issues Business Update
NEWS PROVIDED BY Welltower Inc. Aug 09, 2022, 16:32 ET TOLEDO, Ohio, Aug. 9, 2022 /PRNewswire/ — Welltower® Inc. (NYSE: WELL) has issued the following business update which can be found at: https://welltower.com/august2022-business-update About Welltower Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. […]