Transactions: The year’s biggest MOB deal could be a foreclosure
Ventas plans to take ownership of an 88-asset medical portfolio, plus senior and hospital assets By Murray W. Wolf Most healthcare real estate (HRE) professionals seem to agree that, primarily due to higher interest rates, 2023 medical office building (MOB) sales volume will pale in comparison to recent years. So Friday’s announcement that an 88-asset […]
News Release: W. P. Carey Announces $468 Million Industrial Portfolio Investment in Canada
Brings Year-to-Date Investment Volume to Approximately $650 Million NEW YORK, April 4, 2023 /PRNewswire/ — W. P. Carey (W. P. Carey, NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced the approximately $468 million sale-leaseback of a critical portfolio of four pharmaceutical […]
News Release: NexCore Group breaks ground on Intermountain Health Aurora Crossroads Campus Medical Office Building
The 85,000 square foot facility will serve as the primary hub for Intermountain Health as they expand in one of Denver’s fastest growing markets. DENVER (PRWEB) APRIL 04, 2023 — Denver-based NexCore Group, a nationally recognized healthcare real estate investment and development company, broke ground on a new medical office building for Intermountain Health (formerly […]
News Release: Newmark Completes Two Office Sales in Downtown Los Angeles for $157 Million
LOS ANGELES, April 4, 2023 — Newmark[1] announces it has completed two separate Downtown Los Angeles office property sales, totaling approximately $157 million. The first property, Union Bank Plaza, a 675,945-square-foot mixed use office tower, sold for $111 million. The second property, 801 South Grand, a 215,097-square-foot office tower, sold for approximately $46 million. Newmark […]
News Release: Meridian Purchases 18 Acres in Santa Fe, NM
FOR IMMEDIATE RELEASE: Construction Commences on 95,000 SF Medical Office Building WALNUT CREEK, Calif. – Meridian, a full-service real estate owner, operator, and developer of healthcare and life science real estate, is pleased to announce that the firm has closed escrow on the purchase of an 18-acre parcel of vacant land in Santa Fe, New […]
News Release: CareTrust REIT Grows in Texas and Expands into Kansas with New Operator
April 03, 2023 05:02 PM Eastern Daylight Time SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired two skilled nursing facilities: AdventHealth Care Center Burleson, a 178-bed facility located in Burleson, Texas, and AdventHealth Care Center Overland Park, a 102-bed facility located in Overland Park, Kansas. The Overland Park facility represents […]
News Release: Meridian Names Mike Conn Chief Executive Officer
FOR IMMEDIATE RELEASE: WALNUT CREEK, Calif. – Meridian, a full-service real estate owner, operator and investor in high-quality, brand-enhancing healthcare and life science developments, is excited to announce a leadership change appointing former company Chief Development Officer Mike Conn to the position of Chief Executive Officer. The announcement comes as Meridian commences its 25th year […]
News Release: ProPharma Announces New Global Headquarters in Raleigh, NC as Hub for Innovation and Talent
RALEIGH, NC, April 3, 2023: ProPharma Group (ProPharma), the leading global provider of regulatory, clinical and compliance services for the life sciences industry and a portfolio company of Odyssey Investment Partners, announces the opening of a new global headquarters in Downtown Raleigh, North Carolina. ProPharma’s new global headquarters will serve as the company’s primary location […]
News Release: Orlando Neurosurgery Opens Two New Central Florida Locations
ORLANDO and WINTER GRADEN, Fla., April 3 — Orlando Neurosurgery, the oldest and largest neurosurgical practice in Central Florida, moves its flagship office to AdventHealth’s Innovation Tower in downtown Orlando, followed by the debut of the Orlando Neurosurgery Spine and Brain Center in fast-growing Winter Garden, Florida. In December, Orlando Neurosurgery moved their flagship office […]
News Release: Cypress West Partners Breaks Ground on 22,000-Square-Foot Medical Office Building in Queen Creek, AZ, Third-Fastest Growing City in the U.S.
For Immediate Release: Queen Creek, AZ (April 3, 2023) – Cypress West Partners announced the start of construction for its latest Class A medical office development in Queen Creek, AZ, ranked as the third-fastest growing city in the U.S. according to the Census Bureau. Located at the intersection of Signal Butte Road and Ocottillo Road, […]
News Release: Community Health Systems Completes Divestiture of Hospital Located in Oak Hill, West Virginia
April 03, 2023 08:00 AM Eastern Daylight Time FRANKLIN, Tenn.–(BUSINESS WIRE)–Apr. 3, 2023– Community Health Systems, Inc. (NYSE: CYH) announced today that affiliates of the Company have completed the divestiture of 25-bed Plateau Medical Center in Oak Hill, West Virginia, along with its respective assets, physician clinic operations and outpatient services to affiliates of Vandalia […]
News Release: Marcus & Millichap Arranges the Sale of a 14,213-Square Foot Office Building
PRESS RELEASES March 28, 2023 WENTZVILLE, MISSOURI, March 21, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Schroeder Creek Dental, a 14,213-square-foot office property located in Wentzville, Missouri, according to David Saverin, regional manager of […]
Life Sciences: Southline to get a new tenant and a big addition
The original building in South Boston will be expanded by 305,000 s.f. By Murray W. Wolf BOSTON – There has been a flurry of activity in recent days surrounding Beacon Capital Partners LLC’s Southline Boston project, the ongoing redevelopment of the former Boston Globe headquarters property in South Boston. Last week, Beacon submitted plans for […]
News Release: Wellstar Health System and Augusta University Health System reach agreement for statewide health care partnership
NEWS PROVIDED BY Wellstar Health System Mar 31, 2023, 10:30 ET The new partnership will make a transformational impact on improving the health and well-being of Georgians through education, research and innovative patient care. MARIETTA, Ga. and AUGUSTA, Ga., March 31, 2023 /PRNewswire/ — Wellstar Health System and Augusta University Health System (AUHS) have reached an […]
News Release: Ventas Announces Plans to Take Ownership of Full Collateral Pool Supporting its $486 Million Santerre Mezzanine Loan
March 31, 2023 08:30 AM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today announced that it intends to take ownership of the collateral that supports its approximately $486 million cash-pay mezzanine loan to Santerre Health Investors (the “Santerre Mezzanine Loan”). The Santerre Mezzanine Loan is secured by equity interests in […]
