Transactions: Blockbuster $674.3 million MOB deal closes
Unity Medical and Varde Partners buy a 58-MOB, 2.76 million s.f. portfolio from Healthpeak SIXTEEN STATES – In a deal that came to light shortly before this edition of the HREI weekly e-newsletter was distributed, HREI has learned that a 58-asset medical outpatient building (MOB) portfolio has been sold for $674.3 million, or about $244 […]
News Release: IRA Capital, Oaktree acquire 12 property medical portfolio spanning 600,000 SF
FOR IMMEDIATE RELEASE Release Date: July 30, 2024 The 12-property Portfolio is anchored by leading regional healthcare providers and features high-acuity space with extensive tenant buildouts. Irvine, CA – IRA Capital, a prominent Southern California-based private equity firm and one of the leading private buyers of healthcare real estate in the United States, is pleased […]
Feature Story: MOB sales remained slow in Q2, at $1.9 billion
However, occupancies and demand remain high, Revista says By John B. Mugford Recently, a growing number of professionals involved in the medical outpatient building (MOB) transaction market have been saying that they are seeing signs that the market is picking up, or indications that it will pick up in the not-too-distant future. Yet, for now, […]
Life Sciences: Alexandria adjusts to a ‘sector bear market’
REIT says it has adapted since the LSRE bull run ended in 2021 By Murray W. Wolf PASADENA, Calif. – Alexandria Real Estate Equities Inc. (ARE) reported a mixed bag of second quarter (Q2) 2024 financial results Monday, July 22, exceeding Wall Street expectations regarding some metrics but falling short in others. But the Pasadena-based […]
News Release: CBL Properties Celebrates Opening of New Medical Office Building at Friendly Center in Greensboro, North Carolina
July 30, 2024 09:00 AM Eastern Daylight Time CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Today CBL Properties (NYSE:CBL) announced that Atrium Health Wake Forest Baptist Medical Plaza has opened at Friendly Center in Greensboro, North Carolina. The new center was developed in a joint venture with Davis Moore Capital. Representatives from CBL and Atrium Health Wake Forest Baptist marked […]
News Release: Montgomery County Council Approves Great Seneca Plan: Connecting Life and Science
For Immediate Release: Tuesday, July 30, 2024 The Montgomery County Council voted today to approve the Planning Board Draft of the Great Seneca Plan: Connecting Life and Science with revisions. The plan covers 4,330 acres located in the heart of the I-270 Corridor between the cities of Gaithersburg and Rockville and the town of Washington Grove. […]
News Release: Stevens Construction completes Surgical Healing Arts Center & Metro Alliance Surgery Center
FORT MYERS, Fla. (July 30, 2024) – Stevens Construction has completed construction management services for a two-story, 20,764-square-foot medical office building and surgery center located at 6201 Alliance Lane, announced Daniel Adams, Stevens Construction executive vice president. The first-floor houses Surgical Healing Arts Center, which specializes in medical and surgical weight loss, advanced robotic and […]
