Life Sciences: BXP’s Q2 results weighed down life sciences assets
A LSRE rebound is coming, REIT says, ‘It’s just a question of when’ By Murray W. Wolf BOSTON – BXP Inc. (NYSE: BXP) reported generally good second quarter (Q2) earnings Thursday, July 31, buoyed by “the relative market strength of the premier workplace segment of the commercial office industry.” However, the results weren’t so rosy […]
News Release: Andrew Galvin Appointed to RI Bio Board
Aug 2, 2024 RI Bio, Southeastern New England’s life sciences trade group, announced the appointment of Andrew Galvin, Senior Vice President of CBRE, Inc., to its board of directors at its June meeting. Mr. Galvin has been with CBRE, Inc. for over 15 years, concentrating on office leasing and office investment sales. He is currently […]
News Release: Healthcare Realty Trust Reports Results for the Second Quarter
The Company is focused on its top priorities of capital allocation and operational momentum to accelerate FFO growth and improve dividend coverage. CAPITAL ALLOCATION MOMENTUM Generated approximately $400 million of proceeds from JV and asset sale transactions through the second quarter Additional transactions under contract or LOI that are expected to increase proceeds to more […]
News Release: CareTrust REIT Funds $378 Million in New Investments; Announces Replenished Investment Pipeline of $270 Million
August 01, 2024 06:36 PM Eastern Daylight Time SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded approximately $378 Million in new investments this week, including the funding of a $260 million senior mortgage loan and a $43 million preferred equity investment in connection with the borrower’s acquisition of a 37-facility […]
News Release: Diversified Healthcare Trust Announces Second Quarter 2024 Results
August 01, 2024 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended June 30, 2024, which can be found at the Quarterly Reports section of DHC’s website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. A conference call to discuss DHC’s second quarter 2024 financial results will be held […]
News Release: Omega Reports Second Quarter 2024 Results and Recent Developments
Completed $648 Million in New Investments Year-to-Date Increased Full Year Adjusted FFO Guidance August 01, 2024 04:15 PM Eastern Daylight Time HUNT VALLEY, Md.–(BUSINESS WIRE)–Omega Healthcare Investors, Inc. (NYSE: OHI) (the “Company” or “Omega”) announced today its results for the quarter ended June 30, 2024. SECOND QUARTER 2024 AND RECENT HIGHLIGHTS Net income for the […]
News Release: Ventas Reports 2024 Second Quarter Results
August 01, 2024 04:10 PM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today reported results for the second quarter ended June 30, 2024. CEO Remarks “We started 2024 with momentum, which continued in the second quarter as we delivered another quarter of strong results. We are executing on our focused […]
News Release: Shapiro Administration Invests Nearly $3 Million to Bring Adare Pharma Solutions’ Headquarters to Pennsylvania, Creating 115 New, Well-Paying Jobs in Philadelphia
The life sciences company is investing at least $16.8 million to relocate its headquarters to PA from New Jersey and upgrade its two current Philadelphia facilities, building on Pennsylvania’s reputation as a life sciences leader. FROM THE OFFICE OF PENNSYLVANIA GOVERNOR JOSH SHAPIRO Harrisburg, PA, August 1, 2024 – Today, Governor Josh Shapiro announced the […]
News Release: Portal Innovations Partners with the University of Chicago at Hyde Park Labs to Launch New Science Incubator
August 01, 2024 11:04 AM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Portal Innovations, a national venture creation and development platform, is partnering with the University of Chicago’s Polsky Center for Entrepreneurship and Innovation to design and manage a science startup incubator at Hyde Park Labs. The UChicago Science Incubator will encompass approximately 22,000 square feet at Hyde […]
Life Sciences: Lilly opens R&D center in Boston Seaport District
Majority owned by Alexandria, 15 Necco St.’s life sciences space is fully leased By Murray W. Wolf The life sciences real estate (LSRE) development pipeline continues to add millions of square feet of speculative space to a market that has already endured two years of steadily falling occupancy rates. But here is some good news: […]
News Release: City of Warsaw (Ind.), Innovcare, and Parkview Health greenlight 3-4 projects, waiting for VA decision regarding Warsaw Clinic
FOR IMMEDIATE RELEASE WARSAW MEDICAL HUB – PHASE 1 PROJECT UPDATE WARSAW. July 2024 — Innovcare, an innovative healthcare real estate firm based in Indiana (www.thinkinnovcare.com), completed the successful negotiations of the purchase of approximately 16 acres along US 30 and E 200 N on behalf of Parkview Health to build the city of Warsaw’s […]
News Release: Net Absorption of Lab Space Grew Nationally in the Second Quarter
Meanwhile, construction completions totaling 5 million sq. ft. push vacancy rate to 16.7% Dallas – Aug. 1, 2024 – The U.S. life sciences real estate market generated positive net absorption in the second quarter while a wave of construction completions nonetheless increased the national lab vacancy rate, according to a new report from CBRE. Net absorption […]
News Release: CareTrust REIT Announces Second Quarter 2024 Operating Results
Conference Call Scheduled for Friday, August 2, 2024 at 1:00 pm ET August 01, 2024 06:41 PM Eastern Daylight Time SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended June 30, 2024, as well as other recent events. For the quarter, CareTrust REIT reported: Investments of $267.7 million during […]
News Release: BXP Announces Second Quarter 2024 Results
Exceeded Q2 Guidance for EPS and FFO, Executed More Than 1.3 Million Square Feet of Leases in Q2, and Named One of the World’s Most Sustainable Companies by TIME Magazine BOSTON–(BUSINESS WIRE)–Jul. 30, 2024— BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the […]