News Release: Cypress West Partners Completes Construction on Queen Creek, AZ’s First New Off Campus Medical Office Building
For Immediate Release: Queen Creek, AZ (December 4, 2023) – Cypress West Partners has completed construction on a new 22,000 square foot medical office building in the fast-growing community of Queen Creek, AZ. The building is 100 percent leased to five tenants including Action Behavior Centers, a leading applied behavior analysis (ABA) therapy for autism […]
News Release: Thorofare Capital Provides $125.9 million Senior Mortgage Loan for Mid-Atlantic Medical Facility Portfolio
Los Angeles, CA, November 20, 2023 – Thorofare Capital, Inc. (“Thorofare” or the “Company”), an affiliate of asset management platform Callodine Group, LLC (“Callodine Group”), today announced it closed $125.9 million in financing for eight Class-A clinical medical facilities totaling more than 705,000 square feet located in the Greater Washington, D.C. Capital Region, and surrounding […]
News Release: Berkadia Seniors Housing & Healthcare Completes $56.6 Million in Financings for Four Seniors Housing Facilities
Florida and Oregon – December 1, 2023 – Berkadia Seniors Housing & Healthcare recently announced the closing of four loans totaling $56.6 million in volume through HUD’s 232/223f program all of which achieved the program’s maximum loan term of 35 years. “It has been an extremely volatile interest rate environment. With cash flows still rebounding […]
News Release: Tampa General Hospital Completes Acquisition of Bravera Health and Introduces “TGH North”
PUBLISHED: DEC 1, 2023 TGH North Integrates Community Hospitals in Citrus and Hernando Counties with Tampa General, Extending the Reach of One of the Nation’s Leading Academic Health Systems to More Communities Across Florida. Tampa, FL (Dec. 1, 2023) –Tampa General Hospital TGH) announced today the completion of its acquisition of the Bravera Health network. […]
News Release: Cushman & Wakefield Represents Hollister Inc. in the $11M Investment Sale of the Hollister Grove MOB Portfolio in Suburban Chicago
Cushman & Wakefield’s Healthcare Capital Markets Team Closes Sale of 1800 and 1900 Hollister Drive in Libertyville, Illinois CHICAGO, December 2, 2023 – Cushman & Wakefield announced today that the firm represented Hollister Inc. in its sale of the Hollister Grove Medical Office Portfolio, which consists of 1800 and 1900 Hollister Drive in Libertyville, […]
News Release: Newly Unveiled Verstandig Pavilion at MedStar Georgetown University Hospital Promises Continued World-Class Care in a World-Class Facility
NEWS PROVIDED BY MedStar Georgetown University Hospital 30 Nov, 2023, 19:07 ET The highly anticipated opening will make MedStar Georgetown home to the Washington, D.C., region’s most advanced healthcare facility. WASHINGTON, Nov. 30, 2023 /PRNewswire/ — MedStar Georgetown University Hospital has officially unveiled the brand new Verstandig Pavilion, which is set to open December 10, 2023. […]
News Release: Done Deal: Seattle’s Best…gREIT Execution
Blueprint deploys coordinated behavioral healthcare and senior housing marketing strategy to deliver best-in-market pricing for Institutional REIT Blueprint’s Behavioral Healthcare and Seniors Housing Team successfully advised a nationally recognized healthcare REIT to market a Washington state seniors housing asset. … Located in the Bremerton, WA area, the existing asset was identified as an ideal […]
News Release: First Citizens Bank Arranges $99.3 Million for Kayne Anderson Real Estate and Remedy Medical Properties Joint Ventures
New York, NY — Nov. 29, 2023 — First Citizens Bank today announced that its Healthcare Finance business completed two transactions totaling $99.3 million with joint ventures managed by Kayne Anderson Real Estate and Remedy Medical Properties. One joint venture received $75 million in loan proceeds for the acquisition of a surgical hospital, Baylor Scott & […]
News Release: Saint Alphonsus Breaks Ground on Planned Medical Office Building in Caldwell
11/29/2023 Saint Alphonsus Health System will officially kick off construction on a new 4-story, 54,800 square-foot medical office building in Caldwell, Idaho at a groundbreaking ceremony on Wednesday, November 29, 2023 at 9:00 AM (MTN). The Caldwell community is experiencing significant growth and will benefit greatly from access to expanded health care services close to […]
News Release: Three Healthcare Tenants Expand and Extend at Atkins Companies’ Washington Township, N.J. Medical Office Building
Washington Township, N.J. (November 29, 2023) – Atkins Companies, a leading multigenerational commercial real estate development, investment, and property management firm, announces lease expansions with Rowan Medicine,Weisman Children’s and Jefferson Health at the Washington Medical Arts Building, a 70,000±-square-foot medical office building located at 405 Hurffville Cross Keys Road in Washington Township, N.J. Acquired by […]
Feature Story: MOB pricing has stabilized, but deals are few
InterFace panel says buyer and seller pricing expectations have narrowed By John B. Mugford Well, it seems there is both good news, albeit a somewhat small amount, and bad news – a pretty big, significant chunk of bad news, actually – concerning the current state of medical office building (MOB) investing. The good news is […]
News Release: Weill Cornell Medicine to Open Medical Research Center at 1334 York Avenue
Institution’s Research Expansion Will Help Accelerate Innovation in Medicine, Delivering Advanced Treatments and Therapies to Patients NEW YORK (Nov. 28, 2023)—Weill Cornell Medicine is dramatically expanding its campus and research footprint in New York City by securing five floors of 1334 York Ave., the current home of Sotheby’s auction house, the institution announced today. Located […]
News Release: Alexandria Real Estate Equities, Inc. Announces Exclusive Partnership With Lilly to Expand Lilly Gateway Labs to San Diego
Alexandria and Lilly, which began their strategic relationship in 2008, are collaborating to support and accelerate the development of promising early-stage companies in the growing San Diego life science ecosystem PASADENA, Calif., Nov. 28, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of […]
News Release: Lilly Announces Plans to Open its First-ever Gateway Labs Site in San Diego
November 28, 2023 Scheduled to open in the first half of 2024, Lilly’s new Gateway Labs location, in partnership with Alexandria Real Estate Equities, will feature a world-class, state-of-the-art lab facility to support early-stage scientific entrepreneurs and companies INDIANAPOLIS, Nov. 28, 2023 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) today announced plans to open […]
News Release: Stage Equity Partners Affiliate Acquires Two-Building Medical Office Portfolio in Libertyville
P R E S S R E L E A S E Plans Aggressive Marketing/Leasing Effort For Prominent Well-Located Buildings LIBERTYVILLE, IL (November 27, 2023)—An affiliate of Stage Equity Partners LLC has acquired the two-building, 91,818-square-foot Hollister Medical Office Portfolio in north suburban Libertyville from Hollister Incorporated, an international medical supply manufacturer, which has […]