Life Sciences: What are LSRE lenders looking for?
Cash-flowing, core-type assets are king these days, RevistaLab panelists say By Murray W. Wolf PASADENA, Calif. – Getting financing for a life sciences real estate (LSRE) deal was relatively easy in 2020 and 2021. Whether for acquisitions, new development or conversions – even entirely speculative projects – life sciences was red hot, and lenders lined […]
News Release: Webster Provides Five-Year Refinancing Loan for Henry Ford Macomb Medical Pavilion with KIRCO
STAMFORD, CT March 11, 2024 – Webster Bank is pleased to announce that it has provided a five-year, permanent loan to KIRCO in connection with the refinancing of the Henry Ford Macomb Medical Pavilion which is a 100% leased, class-A, state-of-the-art medical office building located in Macomb County, Michigan. “KIRCO is an award-winning commercial real […]
News Release: HGA-Designed Medical Facility for Clinic by the Bay Opens to Serve the Medically Underserved in San Francisco
The new clinic space will allow the local nonprofit to significantly expand its free healthcare services for the Bay Area. National interdisciplinary design firm, HGA, announced the completion of a new medical facility for Clinic by the Bay in San Francisco’s Excelsior / Outer Mission district. The nonprofit volunteer-powered free clinic moved its operations to […]
News Release: Simone Development Announces SightMD, a Fast Growing Eye Care Provider, Leasing 9,409 SF of Medical Space at One Executive Boulevard, Yonkers
First Medical Lease Since Recently Acquiring the Building YONKERS, NY (March 2024) – In its first medical lease since recently acquiring the property, Simone Development Companies has announced that SightMD, a rapidly-growing integrated ophthalmic provider group, has leased 9,409 square feet at One Executive Boulevard in Yonkers. The property has a remaining 48,525 square feet […]
News Release: Hoar Celebrates Topping Out of UAB Medicine Inpatient Rehabilitation Facility
$128 million project will move inpatient rehabilitation units from the existing Spain Rehabilitation Center into a new 346,000-square-foot building BIRMINGHAM, Ala. (March 7, 2024) – Hoar Construction announced today the topping out of the University of Alabama at Birmingham (UAB) Medicine’s Inpatient Rehabilitation Facility, signifying the new downtown Birmingham building has reached its tallest point. […]
News Release: Just Financed – 4900 Barranca Parkway (Irvine, Calif.)
Capital Markets | Healthcare & Life Sciences Just Financed 100% Leased to Hoag Memorial Hospital Presbyterian (Fitch ‘AA’) CBRE Transaction Highlights Date Closed: 2/29/2024 Size: 16,074 RSF Occupancy: 100% 4900 Barranca Parkway | Irvine, CA CBRE U.S. Healthcare Capital Markets is pleased to announce the financing of 4900 Barranca Parkway (the “Property”), a single-tenant, net-leased […]
News Release: Sila Realty Trust, Inc. Fourth Quarter and Year Ended 2023 Results
TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. today announced operating results for the fourth quarter and year ended December 31, 2023. Highlights of the Quarter Ended December 31, 2023 vs. December 31, 2022 Rental revenue was $45.9 million, an increase of 5%. Net loss attributable to common stockholders was $9.0 million, a decrease of 74%. Funds […]
News Release: Cushman & Wakefield Healthcare Capital Markets Group Closes $30.8M Outpatient Healthcare Facility Disposition in Germantown, Wisconsin
Cushman & Wakefield’s Gino Lollio, Travis Ives, Sushil Puria, and Tyler Morss, in conjunction with Mike Keane of The Boerke Company, an Independently Owned and Operated Affiliate of Cushman & Wakefield, Represent Ownership CHICAGO, March 6, 2024 – Cushman & Wakefield announced today that the firm represented Minneapolis-based Sentinel Management Company in its $30.8 million […]
News Release: CareTrust REIT Acquires Three Property Skilled Nursing Portfolio in Texas and Missouri
SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of three skilled nursing facilities for approximately $55.6 million, inclusive of transaction costs. The portfolio, consisting of 210 skilled nursing beds and 24 assisted living units, will be added to CareTrust’s existing master lease with affiliates of PACS Group, Inc., who has been operating […]
News Release: Cushman & Wakefield Advises Sale of New Las Vegas Healthcare Building acquired by Clark County for $10.4 Million
For Immediate Release Turn-key Class A facility located south of Nellis Air Force Base LAS VEGAS, Nev. – March 5, 2024 – Cushman & Wakefield announced the firm has advised the sale of a recently constructed 17,066-square-foot, 24-bed psychiatric hospital building located in Las Vegas, Nevada. The building was completed in 2021 but has never […]
Feature Story: MOB rental rates have risen steadily
Tenants might not like it, but they recognize that landlords’ costs have increased, Revista panelists say By John B. Mugford By now, nearly everyone involved in healthcare real estate (HRE) knows that both the sales of facilities, namely medical outpatient buildings (MOBs), and new construction have slowed significantly during the past year or more. Yet, […]
News Release: First Citizens Bank Provides $1 Million Line of Credit to MC Nutraceuticals
RALEIGH, N.C., March 5, 2024 /PRNewswire/ — First Citizens Bank today announced that its Cannabis Banking business provided a $1 million working capital line of credit to MC Nutraceuticals, one of the largest global suppliers of hemp-derived cannabinoids. Founded in 2019, MC Nutraceuticals uses ecommerce to distribute 42 hemp-derived products to a diverse client base across […]
News Release: HGA and Boldt Deliver St. John’s Hospital’s New Observation Unit in Ten Months
The first healthcare facility in the State of Minnesota built offsite will expand patient care services on the M Health Fairview Maplewood campus. Acclaimed interdisciplinary design firm HGA and industry leading construction firm, The Boldt Company, teamed together in the delivery of a 16-bed observation unit at M Health Fairview’s St. John’s Hospital. Since 2022, […]
News Release: Montecito acquires Illinois medical building
Montecito acquires Peoria medical property Montecito acquires Illinois medical building occupied by Springfield Clinic Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 16,000-square-foot medical building in Peoria, Illinois. The building is 100% occupied under a long-term lease by Springfield Clinic, a leading health provider in north central Illinois. “We are […]
News Release: Big Sky Medical Celebrates Lease Renewal In Premier Dallas Location
Dallas, TX (March 4, 2024) – Big Sky Medical is excited to announce the successful lease renewal with Dallas Plastic Surgery Institute (DPSI) for over 45,000rsf of space in its premier building, The Pyramids at Park Lane South Tower. DPSI is the pre-eminent destination for plastic and cosmetic surgery throughout the country boasting 12 surgeons […]
