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News Release: SmartLabs Announces Launch of its Most Advanced Managed Research Center
East Cambridge site establishes largest network of novel modality development and bioproduction capacities by any organization in the world and expands company’s Greater Boston footprint by 75% March 01, 2023 09:00 AM Eastern Standard Time BOSTON–(BUSINESS WIRE)–SmartLabs, a company reinventing how therapies and medical devices are developed and brought to market by building the most […]
News Release: DigitalBridge Closes Sale of Wellness Infrastructure Business
February 28, 2022 05:44 PM Eastern Standard Time BOCA RATON, Fla.–(BUSINESS WIRE)–DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced it has completed the previously announced sale of its Wellness Infrastructure business (the “Wellness Sale”) to an investment group comprised of two leading real estate investment firms, Highgate and Aurora Health Network. The […]
News Release: Newmark Facilitates $72.7 Million Sale of Medical Office Building Portfolio
FOR IMMEDIATE RELEASE The five assets total 179,000 square feet and span four states New York, NY (February 28, 2023) — Newmark announces the $72.7 million sale of a fivebuilding, Class A medical office building portfolio. The 179,000-square-foot portfolio comprising outpatient medical office buildings and surgery centers spans four states—Pennsylvania, Connecticut, Georgia and Texas. Newmark […]
News Release: CBRE Adds Prominent Life Sciences Team in the San Francisco Bay Area
Press Release FOR IMMEDIATE RELEASE CBRE Adds Prominent Life Sciences Team in the San Francisco Bay Area The team brings more than 30 years of leadership and expertise in life sciences across northern California and Nevada Burlingame, CA. – Feb. 28, 2023 – CBRE announced that Gregg Domanico, Michael Domanico, Sai Domanico and Jordan Domanico […]
News Release: Grand Opening Planned For Highland Bridge Medical Office
The healthcare facility is the third property at Highland Bridge to open SAINT PAUL, Minn. (Feb. 28, 2023) – A ribbon cutting March 7 will officially mark the grand opening of Highland Bridge Medical Office. After breaking ground in December 2022, the healthcare facility is opening its doors to the community. The two-story, 60,000-square-foot multi-tenant […]
The 2023-24 HREI Resource Guide is now accepting orders. The deadline in March 31, 2023.
Increase awareness of your organization among your best prospects in the first –and still the only –annual directory of healthcare real estate (HRE) professional services. Now in its 15th year, the HREI Resource Guide is the directory healthcare providers turn to when they need HRE professional services. No other publication or website reaches healthcare real […]
News Release: Just Closed – Union Park (Atlanta)
Capital Markets | Healthcare & Life Sciences Just Closed Medical Conversion Opportunity Near Major Medical Hub Transaction Highlights Date Closed 2/17/2023 Size 178,739 SF Occupancy 65% Union Park | Atlanta, GA CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Union Park (the ‘Property’) in Atlanta, Georgia. Lee Asher, […]
News Release: Caddis Construction Groundbreaking Ceremony For New Class A Medical Office Building In Frisco, Texas
Frisco Medical Pavilion II Receiving Interest from Healthcare Users Across Specialties (FEB. 23, 2023 – DALLAS) – Caddis Partners® hosted a groundbreaking to commemorate Frisco Medical Pavilion II. Shovels hit the ground Friday, February 10 in a celebration attended by Caddis executives and other project stakeholders. The new medical office building provides an opportunity to […]
News Release: TCC and Beacon Capital Partners Begin Vertical Construction on Hyde Park Labs in Chicago
Chicago, IL | February 21, 2023 300K-SF Life Sciences Building will Promote Science and Technology Hub Near University of Chicago Campus; UChicago to Lease 55,000 Square Feet Trammell Crow Company (TCC), a global commercial real estate developer, and Beacon Capital Partners (Beacon), a leading real estate developer, owner, and manager of life science and office […]
News Release: RX Health & Science Trust Enters Atlanta Market thru Acquisition of Union Park
FOR IMMEDIATE RELEASE Chicago, IL (February 20, 2023) – RX Health and Science Trust (“RXHST”), an internally managed, real estate investment trust (REIT) focused on the acquisition and development of medical office facilities across the U.S., announced today the acquisition of Union Park in the Atlanta, GA MSA. The property consists of over 178,000 square […]
Feature Story: Investment outlook: Quick rebound or slow recovery?
InterFace panelists say there’s still a lot of capital flowing into the MOB space By John B. Mugford What a difference a year can make. At the InterFace Healthcare Real Estate (HRE) West conference in Los Angeles in February 2022, a panel discussion devoted to HRE investing was titled, “Who’s Buying, Who’s Selling and Transaction […]
News Release: First Citizens Bank Provides $50.3 Million Financing for Recapitalization of Medical Office Building Portfolio
NEWS PROVIDED BY CIT, a division of First Citizens Bank Feb 21, 2023, 09:23 ET NEW YORK, Feb. 21, 2023 /PRNewswire/ — First Citizens Bank today announced that its Healthcare Finance group, part of the CIT division, provided $50.3 million in financing to Montecito Medical Real Estate to recapitalize a portfolio of medical office buildings. The […]
News Release: Class A medical office building near Denver sells for $5.65M
News release JLL Capital Markets closed the sale of the UCHealth – Erie Nine Mile Medical Center in Erie, Colorado DENVER, Feb. 20, 2023 – JLL Capital Markets announced today that it has closed the $5.65 million sale of UCHealth – Erie Nine Mile Medical Center, an 8,000-square-foot Class A medical office building in Erie, […]
Life Sciences: Ventas earmarked about $700 million for LSRE in 2022
Its development partner, Wexford, recently started on a $425M project in Charlotte, N.C. By Murray W. Wolf CHICAGO – Ventas Inc. (NYSE: VTR), a Chicago-based real estate investment trust (REIT) perhaps better known for its senior living and medical office investments, continues to prioritize life sciences real estate (LSRE) as it adds to its portfolio. […]
News Release: A Joint Venture Between Onyx Equities And Machine Investment Group Acquires Two Million Sf Biologics Research And Development Campus In Kenilworth, N.J., From Merck Sharp & Dohme LLC With Plans To Continue Site’s Current Use
NEWS PROVIDED BY Onyx Equities Feb 16, 2023, 16:34 ET Merck to Continue as Tenant While New Headquarters Is Expanded. NEWARK, N.J., Feb. 16, 2023 /PRNewswire/ — A Joint Venture between Onyx Equities, LLC and Machine Investment Group, LLC (“the Venture”) has acquired Merck Sharp & Dohme LLC (“Merck”) former world headquarters, which features nearly two […]