News Release: Montecito Medical Acquires Orthopedic Medical Office Portfolio
Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a three-building portfolio in Northern Utah. The properties, which encompass a combined total of 48,527 square feet, are anchored by Alpine Orthopaedic Specialists and 100% occupied. The buildings are situated in Logan, North Logan, and Brigham City, Utah, respectively. The […]
News Release: Montecito Medical Acquires Two-Building Portfolio in Upstate New York
Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office buildings in the Rochester, New York, area. The buildings, with a total of 41,700 square feet, are fully occupied by Unity Hospital, part of the Rochester Regional Health system. “We are thrilled to acquire this outstanding portfolio […]
News Release: Cushman & Wakefield Advises Sale of Vacant Office Building in Glendale, AZ for $5.375 Million
High quality, modern office asset purchased by Owner/Occupier GLENDALE, Ariz. – May 16, 2024 – Cushman & Wakefield announced the firm has arranged the sale of a Class A two-story 31,350-square-foot office building in Glendale, Arizona. The now vacant freestanding building sold to an undisclosed owner/occupier for $5.375 million. Eric Wichterman, Mike Coover and Alexandra Loye with […]
News Release: Montecito acquires orthopedic medical office portfolio
Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a three-building portfolio in Northern Utah. . The properties, which encompass a combined total of 48,527 square feet, are anchored by Alpine Orthopaedic Specialists and 100% occupied. The buildings are situated in Logan, North Logan, and Brigham City, Utah, respectively. The property in […]
News Release: Just Financed — 100% Leased to Duke University Health System (Fitch AA-)
Transaction Highlights Date Closed 4/30/2024 Size 60,192 RSF Duke Medical Plaza | Durham, NC CBRE U.S. Healthcare Capital Markets is pleased to announce the financing of Duke Medical Plaza (the “Property”) located in Durham, North Carolina adjacent to Research Triangle Park (‘RTP’). Zack Holderman and Jesse Greshin worked on behalf of the borrower to secure the […]
News Release: NAI Hiffman celebrates completion of 42,000-square-foot medical office building in Orland Park
NAI Hiffman recently joined representatives from Silver Cross Hospital and Premier Suburban Medical Group (PSMG) to celebrate the completion of the Orland Park Medical Pavilion, a two-story, 42,000-square-foot medical office building in Orland Park, Illinois, a southwest suburb of Chicago. Located at 17047 S. LaGrange Road, the facility is anchored by Silver Cross and PSMG, […]
People and Companies: Mike Noto, mentor and friend to many in HRE, dies at 74
The former attorney joined Rendina in the late 1990s, staying in the sector until retiring in 2023 By John B. Mugford It is with great sadness that we report the death of Michael A. “Mike” Noto, a well-known, longtime healthcare real estate (HRE) executive and a good friend to so many in the sector, including […]
News Release: Commercial Real Estate Lending Market Slows in First Quarter, Showed Signs of Stabilizing
Alternatve Lenders Are Largest Contributors to Non-Agency Loan Closings Dallas – May 14, 2024 – The commercial real estate lending market slowed in Q1 2024 due to high interest rates and limited credit availability, but a tightening of credit spreads indicated signs of stabilizing, according to the latest research from CBRE. The CBRE Lending Momentum Index, […]
News Release: BSN Medical Distribution Facility sells in Charlotte, NC MSA
JLL arranges the sale of BSN Medical Distribution Facility in Conover, NC CAROLINAS, May 14, 2024 – JLL Capital Markets announced today that it arranged the sale of BSN Medical Distribution Facility, a 149,987 square foot, mission-critical use facility in Conover, North Carolina. JLL represented the seller, Founders Properties, LLC, and procured the buyer, Diamond Properties. […]
News Release: Construction Industry Leader Daniel Maldonado Joins Unispace Life Sciences as Managing Director for the Americas
NEW YORK, N.Y. – May 14, 2024 – Unispace Life Sciences, a leader in designing and building laboratories and other facilities for the world’s top life sciences companies, today announced the appointment of Daniel Maldonado as Managing Director, Americas. In this role, Maldonado will leverage his three decades of international experience in the construction industry […]
News Release: On Pointe.
Cambridge Realty Capital Companies reports providing a $15,520,000 HUD Lean loan to refinance The Pointe at Eastgate located in Algonquin, Illinois. Brent Holman-Gomez, Cambridge Senior Vice President, reported that the fully-amortized, 35-year loan was provided for the owner, an Illinois limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program, which […]
News Release: CareSpace Suites to Open First Shared Medical Space in Atlanta
ATLANTA–(BUSINESS WIRE)–Officials of CareSpace Suites, a shared workspace for medical professionals, today announced the launch of the company’s flagship property in the Vinings Jubilee mixed-use development. Scheduled to open June 1, CareSpace Suites becomes the first-of-its-kind medical co-working space in Georgia. “CareSpace is a flexible medical co-working space designed to help providers expand their private […]
News Release: American Healthcare REIT (“AHR”) Announces First Quarter 2024 Results
IRVINE, Calif., May 13, 2024 /PRNewswire/ — American Healthcare REIT, Inc. (the “Company,” “we,” “our,” or “us”) (NYSE: AHR) announced today its first quarter 2024 results. Key Highlights: Reported GAAP net loss attributable to common stockholders of $(0.04) per basic and diluted share for the three months ended March 31, 2024. Reported Normalized Funds from Operations […]
News Release: Marcus & Millichap Arranges Sale of Patient First Urgent Care in Pennsylvania
BETHLEHEM, Penn., May 13, 2024 – 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 Patient First, a net-leased medical office property located in Bethlehem, Pennsylvania. Dean Zang and David Crotts, investment specialists in Marcus & Millichap’s Washington […]
News Release: Bremner Real Estate partners with Hendricks Regional Health for development of cutting-edge medical office building in Brownsburg
FOR IMMEDIATE RELEASE: May 10, 2024 (Indianapolis) – Bremner Real Estate, a leading healthcare real estate developer, is thrilled to announce its collaboration with Hendricks Regional Health to provide development services for an upcoming state-of-the-art, multi-specialty medical office building in Brownsburg, IN. This transformative project marks an exciting expansion of Hendricks Regional Health’s Brownsburg hospital […]