News Release: Medical Properties Trust, Inc. Reports First Quarter Results
Per Share Net Income of $0.05 and Normalized FFO of $0.37 in First Quarter Recent Transactions Validate Underwritten Values; Provides Additional Capital Flexibility Declared Second Quarter Regular Dividend of $0.29 Per Share BIRMINGHAM, Ala., Apr. 27, 2023–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the […]
News Release: CBRE Group, Inc. Reports Financial Results for First-Quarter 2023
GAAP EPS Declined 68% to $0.37 Core EPS Declined 34% to $0.92 DALLAS, Apr. 27, 2023–(BUSINESS WIRE)–CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the first quarter ended March 31, 2023. Consolidated Financial Results Overview The following table presents highlights of CBRE performance (dollars in millions, except per share data; totals may not add […]
News Release: Montecito Medical Acquires Another Medical Office Property in Virginia
ROANOKE, Va., Apr. 27, 2023 — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 209,000-square-foot medical office property in Roanoke, Virginia.The two-story building is tenanted by Carilion Children’s Clinic. “This is a remarkable medical real estate asset located in an attractive market area,” said Rus Gudnyy, Senior Vice President of Investments […]
News Release: $78 million financing secured for 19-property healthcare portfolio
JLL Capital Markets arranged the financing for healthcare portfolio spanning nine states DALLAS, April 26, 2023 – JLL Capital Markets announces today that it has arranged $78 million through multiple financings for a 19-property healthcare portfolio totaling 319,424 square feet in nine states. JLL worked on behalf of the borrower, Montecito Medical Real Estate to […]
News Release: Office Properties Income Trust Announces First Quarter 2023 Results
April 26, 2023 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended March 31, 2023, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx. A conference call to discuss OPI’s first quarter results will be held on […]
News Release: Increase in Lab Vacancy in Q1 Opens More Options for Life Sciences Companies
Press Release FOR IMMEDIATE RELEASE Life sciences employment and average rental rates are up, while venture capital is down in first quarter Dallas – April 26, 2023 – Lab vacancy increased across the top 13 U.S. life sciences markets in the first quarter, providing relief for companies that had found little available space in recent […]
News Release: NexCore Group Names Michael Ray Chief Investment Officer
Michael Ray joins NexCore Group, bringing over 20 years of transactional, legal, and capital formation experience to the Denver-based firm. DENVER, April 26, 2023 (Newswire.com) – Denver-based NexCore Group, a national healthcare, science and technology, and seniors housing developer, announced that Michael Ray joined the firm as Chief Investment Officer. Michael Ray is a senior […]
News Release: Montecito Medical Acquires Medical Office Building in Phoenix Area
NASHVILLE, Tenn., Apr. 25, 2023 –(BUSINESS WIRE)–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 […]
News Release: BXP Announces First Quarter 2023 Results; Reports Q1 EPS of $0.50 and FFO Per Share of $1.73
Commenced Development of Two Fully Pre-Leased Life Sciences Projects Totaling More Than 800,000 Square Feet in Cambridge, Massachusetts April 25, 2023 04:12 PM Eastern Daylight Time BOSTON–(BUSINESS WIRE)–BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the first quarter ended March 31, 2023. […]
Feature Story: Q1 MOB sales plunge to near historic low of $1.4B
But occupancy rates in the top metros have hit a new high, Revista says By John B. Mugford Medical office building (MOB) sales in the first three months of the year dropped to the lowest first quarter volume for any year since 2014. But such a statistic does not necessarily reflect the overall strength of […]
News Release: Topping-Off Ceremony Marks New Phase and Mission of St. Vincent Health Sciences Center
April 25, 2023 On a bright, sun-splashed morning at St. John’s University’s Queens, NY, campus, the final piece of steel in the construction of the innovative St. Vincent Health Sciences Center was hoisted three stories above a cheering crowd. Gathered to witness the milestone event on April 25 were an eclectic mix of clergy, Trustees, […]
Companies & People: Five questions for Mike Conn of Meridian
Firm’s longtime chief development officer, now CEO, talks about the firm’s plans and success, the HRE sector, and the man he’s succeeding at the helm, John Pollock By John B. Mugford Ever since Walnut Creek, Calif.-based Meridian was founded in 1999, it has been known as quite an innovator in the healthcare real estate (HRE) […]
News Release: Breakthrough Properties Unveils Plans for Vitrum by Breakthrough In Cambridge’s (U.K.) Most Advanced Life Sciences Environment
NEWS PROVIDED BY Breakthrough Properties Apr 25, 2023, 10:42 ET Renowned Global Architecture Firm Henning Larsen Has Designed the Innovative UK Facility in St John’s Innovation Park CAMBRIDGE, England, April 25, 2023 /PRNewswire/ — Breakthrough Properties, a leading global life sciences real estate developer, today unveiled development plans for Vitrum by Breakthrough, a world-class research […]
News Release: NexCore Group Named 2023 Top Outpatient Healthcare Real Estate Developer
NexCore Group was named the 2023 Top Healthcare Real Estate Developer for starting or completing over 723,000 SF of developer-owned healthcare real estate in 2022. DENVER, April 25, 2023 (Newswire.com) – NexCore Group has been named a 2023 Top Outpatient Healthcare Real Estate Developer by Revista’s Outpatient Healthcare Real Estate Development survey. From January to […]
News Release: New construction, Class A, medical office building sells for $48.5 million in Phoenix
JLL Capital Markets facilitated the sale of Banner Health Center Plus at The Grove PHOENIX, April 24, 2023 – Virtus Real Estate Capital (“Virtus”) announced that it has acquired the Banner Health Center Plus at The Grove, a 70,000-square-foot medical office building along Phoenix’s Camelback Corridor, for $48.5 million. JLL represented the seller in the […]
