News Release: CareTrust REIT Acquires Two Memory Care Facilities with Experienced Operator
SAN CLEMENTE, Calif., June 2, 2023 –(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 105-unit, two-facility memory care portfolio with facilities located in Ohio and Michigan. The facilities will be operated by affiliates of Ridgeline Management Company under a new, 15-year master lease with CareTrust that includes two, 5-year extension options […]
News Release: CareTrust Expands in Texas with New Operator Relationship
SAN CLEMENTE, Calif., June 2, 2023–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 125-bed skilled nursing facility located in the greater Houston metropolitan area. The facility will be operated by an affiliate of Evergreen Health Group, LLC, a new tenant relationship for CareTrust. Evergreen Health Group is a Texas-based operator of […]
News Release: Healthcare Realty Trust Announces Stock Repurchase Authorization
NASHVILLE, Tenn., June 01, 2023 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) today announced that its board of directors has authorized the repurchase of up to $500 million of the company’s Class A common stock. Repurchases may be made at management’s discretion from time to time on the open market, through privately negotiated transactions, […]
News Release: CBRE Appoints Chris Bodnar to Lead Advisory Services Healthcare in the U.S.
Dallas – June 1, 2023 – CBRE announced today that industry veteran Chris Bodnar has joined the firm as leader for Advisory Services Healthcare in the U.S. Mr. Bodnar, a well-established healthcare real estate professional with more than 20 years of experience, will lead CBRE’s healthcare growth strategy across its Advisory Services lines of business, including […]
News Release: Skanska secures zoning rights for 158,000 sqm in Boston’s Longwood Medical Area, Boston, USA, for USD 344M, about SEK 3.7 billion
STOCKHOLM, June 1, 2023 /PRNewswire/ — Skanska has closed on a land investment with Simmons University and secured the development rights for a 158k sqm development, Longwood Place, in the Longwood Medical Area. The initial investment is USD 344M, about SEK 3.7 billion. Payment for the land acquisition will be made successively up to 2026, by […]
News Release: Jacobson Properties Arranges Sale Of Western Connecticut Medical Center South
May 31, 2023 (Danbury, CT) Lisa Menin of Jacobson Properties is pleased to announce the sale of Western Connecticut Medical Center South, a 39,566 square foot Class A medical office building located at 69 Sand Pit Road, Danbury, Connecticut. Western Connecticut Medical Center South was sold by Western Connecticut Medical Center South, LLP to an […]
News Release: Oxford Properties Completes US$91 Million Sale of Newly Constructed, 140,000 Square Foot Boston GMP Facility to Pioneering Biotechnology Firm Moderna
– Originally acquired by Oxford as a development and investment opportunity in 2021, the transaction highlights continued institutional demand for best-in-class biomanufacturing space – BOSTON, May 30, 2023 /PRNewswire/ – Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and developer, today announced the sale of 149 Hayes Memorial Drive, a newly built, […]
Feature Story: Mild recession could be looming by year-end
Economist Sam Chandan notes that Fed is likely putting an end to interest rate increases By John B. Mugford As you probably know, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement over the Memorial Day weekend to raise the national debt ceiling, and Congress is scheduled to take up the plan […]
News Release: Building 2200 opens on Northside Gwinnett campus
Published on May 26, 2023 The Northside Hospital Gwinnett Medical Office Building 2200 has opened in Lawrenceville. The building is located on the campus of Northside Hospital Gwinnett, at 2200 Medical Center Blvd. Two tenants opened their offices Monday, May 22: Northside Gwinnett Outpatient Surgery Center and Northside/Medical Center Imaging. Northside Gwinnett Outpatient Surgery Center, […]
News Release: Robins & Morton Tops Out AdventHealth Riverview Hospital
Press Release 05.26.23 Construction firm Robins & Morton and AdventHealth West Florida Division celebrated the topping out of the new AdventHealth Riverview Hospital on May 24. The topping out ceremony marks the structural completion of the hospital. “The topping out of AdventHealth Riverview Hospital is a significant milestone in our efforts to expand our reach […]
News Release: Office Properties Income Trust Commences the Implementation of its Financing Strategy for its Merger with Diversified Healthcare Trust with the Closing of a $30.7 Million Mortgage Loan
New Loan Secured by a Government Occupied Property in Landover, Maryland May 26, 2023 08:00 AM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Office Properties Income Trust (Nasdaq: OPI) today announced that it has commenced the implementation of its financing strategy for its merger with Diversified Healthcare Trust (Nasdaq: DHC) with the closing of a $30.7 million […]
Cover Story: Not your grandfather’s Erdman
The nearly 70-year-old HRE firm keeps evolving to meet changing client needs By John B. Mugford One firm, 6,000 projects! Let that figure sink in for a minute. That’s the number of healthcare facility projects that Madison, Wis.-based Erdman has delivered in its nearly 70-year history as a designer, builder and, in more recent decades, […]
Project Case Study: Big project in RTG’s hometown
UT Orthopaedic Institute in Knoxville, Tenn., achieves multiple goals By John B. Mugford In the healthcare real estate (HRE) sector, relationships matter. A good example of this can be found in Knoxville, Tenn., home to the University of Tennessee (UT) and its 710-bed Medical Center (UTMC), an academic medical center that is part of University […]
News Release: Just Financed. Seven-Story Medical Office and Biomedical Building in Downtown Grand Rapids, MI
Doug Meijer Medical Innovation Building 109 Michigan St. NW | Grand Rapids, MI 49503 Berkadia Medical and Life Sciences secured a non-recourse permanent loan at 65% LTV for the Doug Meijer Medical Innovation Building in downtown Grand Rapids, Michigan. The Sponsor is a JV between Harrison Street, Walsh Construction, Murphy Development, and Rockford Construction. Harrison […]
News Release: McCarthy Completes Houston Methodist Sugar Land Medical Office Building
HOUSTON – May 24, 2023 – McCarthy Building Companies, Inc. has completed construction of two structures on the campus of Houston Methodist Sugar Land Hospital located in the greater Houston area. The project included a six-story medical office building and an attached seven-level parking garage. McCarthy broke ground in December 2021. McCarthy’s scope included a […]
