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Life Sciences: Supply is outpacing demand, with more in the pipeline
RevistaLab data shows falling occupancies, fewer transactions in Q1 2023 By Murray W. Wolf and John B. Mugford Life sciences real estate (LSRE) construction completions are outpacing space absorption, which is driving down occupancy rates. Meanwhile, the pace of sales transactions has slowed considerably during the past two quarters. That’s not news to anyone familiar […]
Feature Story: Mild recession could be looming by year-end
Economist Sam Chandan notes that Fed is likely putting an end to interest rate increases By John B. Mugford As you probably know, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement over the Memorial Day weekend to raise the national debt ceiling, and Congress is scheduled to take up the plan […]
News Release: Just Financed. Seven-Story Medical Office and Biomedical Building in Downtown Grand Rapids, MI
Doug Meijer Medical Innovation Building 109 Michigan St. NW | Grand Rapids, MI 49503 Berkadia Medical and Life Sciences secured a non-recourse permanent loan at 65% LTV for the Doug Meijer Medical Innovation Building in downtown Grand Rapids, Michigan. The Sponsor is a JV between Harrison Street, Walsh Construction, Murphy Development, and Rockford Construction. Harrison […]
News Release: McCarthy Completes Houston Methodist Sugar Land Medical Office Building
HOUSTON – May 24, 2023 – McCarthy Building Companies, Inc. has completed construction of two structures on the campus of Houston Methodist Sugar Land Hospital located in the greater Houston area. The project included a six-story medical office building and an attached seven-level parking garage. McCarthy broke ground in December 2021. McCarthy’s scope included a […]
News Release: Davis holds open house for 44,000-square-foot medical office building in Maple Grove, Minn.
News Release The convenient, central location on Highway 610 is expected to benefit patients and tenants, including MNGI Digestive Health, which is occupying the entire second floor MAPLE GROVE and MINNEAPOLIS, Minn., May 24, 2023 – Minneapolis-based real estate developer Davis recently held an open house to celebrate the completion of the 44,000-square-foot, Class A […]
News Release: NexCore Group Breaks Ground on the Hunt Regional Healthcare Specialty Hospital and Medical Office Building in Royse City, Texas
May 23, 2023 The state-of-the-art specialty hospital and emergency room facility will expand healthcare access to a rapidly growing community east of Dallas Today, NexCore Group, a national healthcare, life sciences, and seniors housing real estate developer, announced they broke ground on the new Hunt Regional Healthcare Medical Office Building (MOB) in Royse City, Texas. […]
News Release: Bergman Real Estate Group Announces New Long-Term Lease at 500 College Road East in Princeton
Accurant Biotech signs 27,000 sq. ft. in recently renovated office center PRINCETON, N.J. (May 23, 2023) — Bergman Real Estate Group, a full-service real estate company based in Woodbridge, New Jersey, announced that the life sciences company, Accurant Biotech, Inc. has signed a 10-year lease for 26,566 feet of office space at 500 College Road […]
Feature Story: Same underwriting, new ‘math’
Inflation, interest rates and the bid-ask gap have slowed HRE lending By John B. Mugford If healthcare real estate (HRE) loan volume has declined in recent months, lenders say, don’t blame them. The real culprits, they say, are rising inflation and higher interest rates, as well as the gap between seller expectations and what buyers […]
News Release: The Sanders Trust Breaks Ground on $48 Million Inpatient Rehabilitation Hospital
New 60,500-sq. ft. Facility Located in Florida Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the recent groundbreaking for a new $48 million inpatient rehabilitation hospital, Northwest Florida Rehabilitation Hospital in Jacksonville, FL. The Sanders Trust was selected as the developer […]
News Release: Greystar Welcomes Matt Denoble To Expand Growing Life Sciences Verticle
PRESS RELEASE MAY 18, 2023 DeNoble brings more than two decades of asset management experience to the firm Boston, Massachusetts – May 18, 2023 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality real estate, including rental housing, logistics, and life sciences, today announced that Matt […]
For Sale: New to Market – Gridiron MOB Portfolio
Newmark Healthcare Capital Markets Presents Gridiron MPB Portfolio 20 Properties | 479,688 SF | 11 States The Opportunity The Newmark Healthcare Capital Markets Team has been retained as the exclusive financial advisor for the sale of a portfolio of 20 outpatient medical office buildings, located in 11 states and totaling 480,000 square feet. The Portfolio […]
News Release: MedProperties Realty Advisors acquires a 51,591-square-foot kidney care center in Utah
FOR IMMEDIATE RELEASE The Class A Wasatch Renal Center in South Salt Lake houses practices affiliated with Fresenius Medical Care, a worldwide leader in the research and treatment of kidney disease SOUTH SALT LAKE, Utah, and DALLAS, May 17, 2023 – MedProperties Realty Advisors has acquired the 51,591-square-foot, Class A Wasatch Renal Center In the […]
News Release: Cypress West Partners Acquires 30,000-Square-Foot Medical Office Building in Mesa, AZ for Major Repositioning and New Lease
For Immediate Release: Mesa, AZ (May 16, 2023) – Cypress West Partners has completed the acquisition of a 30,000- square-foot single-story medical office building located at 6309 East Baywood in Mesa, Arizona. The firm acquired the 100% vacant building from a group of local physicians who originally developed the building in 2002 and have operated […]
Feature Story: HRE CEOs have plenty to be concerned about
But good fundamentals and innovation will bolster the sector, BOMA panelists say By John B. Mugford From bank failures and uncertain capital markets to “broken” regulatory policies and healthcare employee burnout, today’s healthcare real estate (HRE) CEOs face many thorny issues. But they also remain confident about the long-term prospects of their business. That was […]
News Release: Catalyst Celebrates the Completion of Second Inpatient Rehabilitation Hospital for PAM Health
May 16, 2023 PENSACOLA, FL – Catalyst Healthcare Real Estate (“Catalyst”), a full-service healthcare real estate investment firm, and Bain Capital Real Estate (“Bain Capital”), the real estate investing business of Bain Capital, are excited to announce the completion of PAM Health Rehabilitation Hospital of Tavares. Together, Catalyst and PAM Health have completed the construction […]
