News Release: Lilly Increases Manufacturing Investment to $9 Billion at Newest Indiana Site to Boost API Production for Tirzepatide and Pipeline Medicines
News Release May 24, 2024 Largest investment in active pharmaceutical ingredient manufacturing of synthetic medicines in U.S. history Since 2020, the company has committed more than $18 billion to build, upgrade and acquire facilities in the U.S. and Europe INDIANAPOLIS, May 24, 2024 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) announced today that it […]
News Release: Medical Properties Trust Closes $800 Million 10-Year Loan Secured by U.K. Hospital Portfolio
6.9% Fixed Cash Pay Rate Demonstrates Access to Capital and Enduring Value of Hospital Real Estate May 24, 2024 08:30 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced the completion of approximately £631 million ($800 million) in new non-recourse, non-amortizing secured financing backed by certain […]
News Release: Vitalis Acquires 30,000 SF MOB on 15-Year Leaseback in Jacksonville.
The transaction closed May 23, 2024. Vitalis acquired a 30,165 SF medical outpatient building and surgery center located at 8262 Point Meadows Dr in Jacksonville, FL. Cross Regions developed the build-to-suit for Coastal Health in 2022. The facility includes clinical space for Coastal Health’s Orthopedic, Spine, Pain Management, Podiatry, and Physical Therapy practices in addition […]
Life Sciences: Bouncing back from the ‘bullwhip effect’
Overreaction to demand led to LSRE oversupply, Revista webcast speaker says NATIONAL – It’s not often that bullwhips come up in daily conversation. Thankfully, the days of whipping animals and people are long past – hopefully. But the physics involved in cracking a whip can help explain the state of the life sciences real estate […]
News Release: Northside Medical Buford: Expanding Healthcare Access in Northern Gwinnett County
NEWS PROVIDED BY Realty Trust Group LLC May 23, 2024, 09:26 ET ATLANTA, May 23, 2024 /PRNewswire/ — Realty Trust Group is proud to announce the opening of Northside Hospital’s newest medical office building, Northside Medical Buford. This 100,000-square-foot facility, located at 2800 Buford Drive between Coolray Field and the Mall of Georgia, celebrated its grand […]
News Release: Children’s Hospital and Birthing Center Opens (Columbia, Mo.)
May 22, 2024 Community open house and ribbon cutting set for Thursday MU Health Care opened its new Children’s Hospital and Birthing Center this week with a series of celebrations that cap off Thursday afternoon and evening with an event with food, games and tours for the community. The Children’s Hospital and Birthing Center expands […]
News Release: AdventHealth bringing ‘hospital of the future’ to Lake Nona community
LAKE NONA, Fla., May 22, 2024 — A state-of-the-art hospital that will offer leading-edge treatments to patients from Central Florida and around the globe is coming to Lake Nona. AdventHealth has begun work on a 10-story hospital located at 10999 Narcoossee Road. To date, thousands of tons of soil have been removed from the site, […]
News Release: Lakeville (Minn.) Specialty Center Now Open
Davis Lakeville Specialty Center 100,500-SF Medical Development is Fully Occupied by Allina and MNGI Digestive Health MINNEAPOLIS (May 21, 2024)–Davis has announced the formal opening of Lakeville Specialty Center, a 100,500 square foot medical building at 18645 Orchard Trail in Lakeville, MN. The building is fully occupied by Allina and MNGI Digestive Health. “The completed […]
News Release: Just Closed. 1401 Philomena at Mueller (Austin, Texas)
Capital Markets | Healthcare & Life Sciences Just Closed Recently Completed, Class A Medical Outpatient Lease-up Opportunity in Austin, TX Transaction Highlights Date Closed: 5/15/24 Size: 129,382 SF Occupancy: 6% 1401 Philomena at Mueller | 1401 Philomena Street | Austin, TX CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of 1401 Philomena […]
Life Sciences: Breakthrough Properties to Welcome Three Mission-Driven Biotech Companies to One Canal Development in the Heart of Cambridge
NEWS PROVIDED BY Breakthrough Properties May 22, 2024, 10:54 ET Leases with Deep Genomics, Larkspur Biosciences and Incendia Therapeutics Executed Upon Substantial Construction Completion, Anchoring Breakthrough’s East Cambridge Waterfront Building BOSTON, May 22, 2024 /PRNewswire/ — Breakthrough Properties, a leading global developer, owner, and operator of life sciences real estate, today announced it has secured […]
News Release: Sila Realty Trust, Inc. Completes Acquisition of Reading Medical Outpatient Building for $10.5 Million
May 22, 2024 09:14 AM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)– Sila Realty Trust, Inc. (the “Company”), a net lease real estate investment trust focused on investing in high quality healthcare properties across the continuum of care, today announced the acquisition of a medical outpatient building located in Reading, Pennsylvania (the “Reading Healthcare Facility”), for […]
News Release: Incyte Expands Presence in Delaware through Acquisition of Two Downtown Wilmington Office Buildings
WILMINGTON, Del.–(BUSINESS WIRE)–Incyte (Nasdaq:INCY) today announced the expansion of its presence in Delaware with the acquisition of two buildings at 1100 North King Street and 1100 North French Street in downtown Wilmington. This acquisition marks Incyte’s fourth expansion in Delaware since establishing operations in Alapocas in 2014. The new buildings will allow the Company’s U.S.-based […]
News Release: Longfellow Delivers Major Upgrades At San Mateo Science Center
San Mateo, CA (May 21, 2024) – Longfellow Real Estate Partners, one of the largest privately owned investors and developers of life science real estate, reaffirmed its support of the life science industry throughout the Bay Area and Peninsula region with the delivery of its San Mateo Science Center campus. Acquired by Longfellow in 2021, […]
Life Sciences: Lyra Therapeutics Announces Cost-Cutting Measures To Preserve Capital
WATERTOWN, Mass., May 21, 2024 (GLOBE NEWSWIRE) — Lyra Therapeutics, Inc. (Nasdaq: LYRA) (“Lyra” or the “Company”), today announced that it is advancing its goal to preserve capital by implementing a layoff of approximately 75% of its workforce, in addition to other cost-cutting measures. In the near term, Lyra Therapeutics will focus on the two […]
Thought Leaders: MOB Investment Activity Falls in Q1; Rental Rates Continue to Climb | Q1 2024 U.S. Medical Outpatient Buildings Figures
Figures | Medical Outpatient Buildings | Q1 2024 MOB Investment Activity Falls in Q1; Rental Rates Continue to Climb CBRE RESEARCH | MAY 2024 ⇩ 1.6 B Sales Volume ⇧ 7.0% Average Cap Rate ⇩ -0.1 MSF Net Absorption ⇧ 9.7% Vacancy Rate Note: Investment volume referenced in this report is compiled using the MSCI […]
