News Release: Brandywine Realty Trust Announces First Quarter (2023) Results
April 19, 2023 16:30 ET | Source: Brandywine Realty Trust PHILADELPHIA, April 19, 2023 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2023. Management Comments “During the first quarter, we made excellent progress on our 2023 business plan highlighted by achieving 71% of our […]
Feature Story: Surprising strength
Development surpassed pre-pandemic levels in 2022 By Murray W. Wolf The year 2022 was a challenging one for healthcare real estate (HRE) developers. Steadily rising construction costs and inflation made construction more expensive. Rising interest rates also made debt more expensive – or unavailable altogether as some lenders “put down their pencils” for a time. […]
News Release: McCarthy Building Companies Breaks Ground for Extensive Expansion and Renovation for Saint Luke’s East Ambulatory Surgery Center (Lee’s Summit, Mo.)
Highlight is the 62,000-square-foot vertical addition above existing facility April 18, 2023, Lee’s Summit, Mo. – McCarthy Building Companies in Kansas City recently broke ground on the 113,913-square-foot expansion and renovation of Saint Luke’s East Ambulatory Surgery Center in Lee’s Summit, Missouri. The ambulatory surgery center was founded in 2006 to meet the growing needs […]
News Release: McLeod Health Opens Third Medical Office Building in Carolina Forest
Myrtle Beach, SC, April 19, 2023 — McLeod Health has opened their third building in the 43-acre expansion designed to provide services to meet the healthcare needs of residents within and around the Carolina Forest area. An Open House and Ribbon Cutting Celebration was held at the new McLeod Health Medical Office Building in Carolina Forest […]
News Release: Elliott Bay Acquires MOB in Jackson, Michigan
SEATTLE — A partnership of Seattle-based Elliott Bay Capital Trust (“Elliott Bay”) and Pantheon has announced the acquisition of a medical office building in Jackson, MI leased to a leading health system providing specialty services. Elliott Bay and Pantheon established a joint venture to acquire healthcare properties across the U.S in February 2023. The property […]
News Release: Crown Tenant Advisors Names New Senior Director
FOR IMMEDIATE RELEASE Atlanta, GA, April 18, 2023 – Crown Tenant Advisors, a boutique healthcare real estate firm, has promoted Latrice T. Smith, Esquire, MPH to Senior Director for its corporate office. Smith will be responsible for serving the real estate interests of healthcare providers in Georgia through tenant- and buyer-only representation. Since joining the […]
News Release: Just Closed! Single-Tenant Investment Grade MOB in LA County
NEWMARK HEALTHCARE CAPITAL MARKETS CLOSING ANNOUNCEMENT Providence BUILT-TO-SUIT MEDICAL OFFICE BUILDING FACEY MEDICAL GROUP – CANYON COUNTRY SANTA CLARITA, CA | APRIL 2023 Newmark Healthcare Capital Markets Group announces the sale of 14550 Soledad Canyon Road in Santa Clarita, CA. The 37,165 square-foot, built-to-suit medical office building is 100% leased to Providence Health System and […]
News Release: Vanbarton Healthcare Group and Tramview Complete Second Florida Healthcare Investment
FOR IMMEDIATE RELEASE NEW YORK, New York (April 17, 2023) – The healthcare division of Vanbarton Group recently completed its second Florida investment with a pair of medical office buildings totaling 33,500 square feet located in St. Augustine, Florida. The property, commonly known as the Medical Office Building of St. Augustine, is leased to five […]
News Release: New state psychiatric hospital to be built on existing Hawthorn Center location in Northville Township
State-of-the-art facility will serve both adults and youth as part of state’s continued commitment to provide behavioral health services to Michigan families LANSING, Mich., April 17, 2023 – Today, as part of the state’s continued commitment to providing behavioral health services to Michigan families, the Michigan Department of Health and Human Services (MDHHS) and the Department […]
News Release: Anchor Health Properties Builds Upon Existing Florida Portfolio with a 35,000 Square Foot MOB Off-Market Transaction in Sebastian
FOR IMMEDIATE RELEASE April 17, 2023 (Sebastian, FL) Continuing to expand the company’s owned and managed portfolio across Florida, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, recently closed on a stabilized, two story, 34,681 square foot Class A medical office building […]
News release:Stockdale Committing Over $20 million to Complete Full-Building Life Science/Lab Conversion of Ilume in Scottsdale, AZ
– Hires Cushman & Wakefield as Project Leasing Team For Immediate Release PHOENIX, Ariz. – April 17, 2023 – Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, is committing over $20 million on a major renovation plan to finish converting Ilume Innovation Center in Scottsdale, Arizona to be a fully lab-enabled […]
News Release: Montecito Medical Acquires Medical Office Building in Phoenix Area
Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 68,000-square-foot medical building in Peoria, Arizona. The building is 100% occupied by Banner Health, a leading health system in the Southwest headquartered in Phoenix. “We are excited to add this outstanding medical asset to our portfolio and to build on the relationship […]
News Release: Echo Real Estate Capital, Inc. Acquires Medical Office Building in Morton Grove, Illinois
FOR IMMEDIATE RELEASE Chicago, IL (April 2023) – Echo Real Estate Capital, Inc. announces it has acquired a single-tenant medical office building leased to Advocate Health Care (www.advocatehealth.com). The property is 7,550 square feet and is located at 6131 W. Dempster Street in Morton Grove, IL – a suburb of Chicago approximately 15 miles northwest […]
News Release: Wheeler Bio Announces Closing of $31 Million Series A Round Supporting its Clinical (CGMP) Drug Substance Manufacturing Facility in Oklahoma City
NEWS + PR APRIL 2023 OKLAHOMA CITY, OK, April 13, 2023 – Wheeler Bio, Inc., a boutique contract development and manufacturing organization (CDMO) specializing in process development and small batch CGMP production of therapeutic antibodies, announced the closing of their Series A financing round. The round was co-led by Charles River Laboratories (NYSE:CRL) and Echo […]
News Release: Phoenix Designates Park Central, Midtown Phoenix as Newest Bioscience Hub
Phoenix Medical Quarter, Global Advancement of Health and Education PHOENIX (April 12, 2023) – In her State of the City address on April 12, Phoenix Mayor Kate Gallego announced that Park Central and midtown Phoenix have been designated as the newest Bioscience Hub in the community, known as the Phoenix Medical Quarter, Global Advancement of […]