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Cover Story: Carving out its place in the market
MedCraft Investment Partners has been laying low during a difficult year in the MOB space, but after bolstering the firm, it is ready to invest up to $800 million during the next three years By John B. Mugford Although MedCraft and its predecessor company have been active in the healthcare real estate (HRE) market for […]
News Release: Jacobson Properties Announces Sale Of St. Peter’s Health Partners Medical Office Building
March 24, 2023 (Albany, New York) Lisa Menin of Jacobson Properties is pleased to announce the sale of the St. Peter’s Health Partners Medical Office Building, a 17,380 SF square foot Class A medical office building located at 1444 Western Avenue in Albany. The St. Peter’s Health Partners Medical Office Building was sold by 4 […]
News Release: Chan Zuckerberg Biohub Chicago inks deal for space at TCC’s Fulton Labs Campus
PRESS RELEASE The Biomedical Research Hub Will Occupy 25,698 Square Feet of Space at 1375 West Fulton CZ Biohub Chicago Will Forge New Links Between World-Class Academic Research at its Partner Universities and the Burgeoning Chicago Biotech Community CHICAGO – March 24, 2023 – Trammell Crow Company (TCC), a global commercial real estate developer, signed […]
News Release: Oxford completes forward-purchase of newly constructed 95,000 square foot biomanufacturing facility in Research Triangle
Acquisition advances development of fully end-to-end life sciences campus in top US innovation market March 22, 2023 DURHAM, NC Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and business builder, today announced the final acquisition and completion of 78 TW Alexander in Raleigh-Durham, North Carolina. A 95,500 square foot biomanufacturing facility […]
News Release: New 80,000-square-foot medical office building breaks ground in east Aurora
SCL Health Medical Group, now part of Intermountain Health, plans to offer primary care, ambulatory surgery and more March 22, 2023 Aurora, CO – Development in east Aurora is on pace to add 60,000 residential units in the next five to 10 years representing about 120,000 projected new residents. This week, legacy SCL Health Medical […]
News Release: Phoenix-area medical office building trades for $29 million sale
JLL Capital Markets led the sales efforts for the mission-critical Banner Health Center in Peoria, Arizona PHOENIX, Mar. 22, 2023 – JLL Capital Markets announced today that it closed the $29 million sale of Banner Health Center – Peoria, a fully leased, 68,000-square-foot medical building in Peoria, Arizona. JLL represented the seller, Banner Health, and […]
Feature Story: Ambulatory strategies during a changing market
Revista panelists discuss the many issues facing health systems and possible solutions By John B. Mugford As noted in the preceding article, HRE professionals would like to know if the current financial strains faced by hospitals and health systems will prompt some providers to be more open to third-party investment and ownership of HRE, or […]
News Release: Transwestern to lease Atlanta’s Union Park exclusively to medical office tenants
New Ownership Transforming 178,000 SF Asset into Medical Office Campus (MARCH 21, 2023 – ATLANTA) – Transwestern Real Estate Services (TRS) announces it has been engaged to lease Union Park, a 178,000-square-foot, four-building medical office campus at 5881-5887 Glenridge Drive NE in Atlanta. Transwestern Senior Managing Directors Steve Hall and John V. Lopez and Senior […]
News Release: Berkeley Investments Moves Forward to Build New Innovation Cluster in Boston
Transit-oriented development with high visibility from interstate highway and proximity to Harvard research campus will be a dynamic community for life science innovators, workers, residents, and artists. March 20, 2023 03:38 PM Eastern Daylight Time BOSTON–(BUSINESS WIRE)–Berkeley Investments announced that its latest life science project, 176 Lincoln in Boston, Massachusetts, has been fully approved and […]
News Release: CREG U.S. Healthcare Investment Sales | New Partner Announcement
CREG | U.S. Healthcare Investment Sales team is pleased to announce the appointment of Joshua Rees as its newest Managing Partner. Located in San Diego, California, Josh brings over 10 years of experience and wealth of knowledge in the Healthcare Real Estate sector, making him the ideal partner. “We are thrilled to have Josh join […]
News Release: Shawmut, DLJ Real Estate Capital Partners and Leggat Mccall Properties Celebrate Topping Off of 808 Windsor Street at Boynton Yards In Somerville (Mass.)
POSTED MARCH 17, 2023 Shawmut, DLJ Real Estate Capital Partners (DLJ RECP), Deutsche Finance Group (DFG), and Leggat McCall Properties (LMP) were joined by Somerville Mayor Katjana Ballantyne to commemorate the steel topping off milestone at 808 Windsor Street, the second purpose-built Class-A lab building in Somerville as part of the Boynton Yards 1.8 million […]
News Release: Updated Emergency Department Opens at ThedaCare Regional Medical Center-Neenah (Wis.)
March 17, 2023 Construction Continues on $100M Modernization The next major milestone in the $100M investment to modernize ThedaCare Regional Medical Center-Neenah has been reached as the new Emergency Department space opens. Since the groundbreaking in spring 2022, construction crews have been working on multiple areas of the transformation that supports ThedaCare’s mission to improve […]
Life Sciences: Graymark acquires L.A.-area building for conversion
Firm paid $17.75M for the 98,776 s.f. property in Thousand Oaks, Calif.; CBRE was the broker By Murray W. Wolf THOUSAND OAKS, Calif. – San Francisco-based Graymark Capital has acquired a two-story, 98,776 square foot office building at 120 Via Merida in the Westlake Village area of Thousand Oaks for $17.75 million. The vacant, value-add […]
News Release: Sila Realty Trust, Inc. Fourth Quarter and Year Ended 2022 Results
March 16, 2023 11:42 AM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. today announced operating results for the fourth quarter and year ended December 31, 2022. Highlights of the Quarter Ended December 31, 2022 vs. December 31, 2021 Rental revenue was $43.9 million, an increase of 1%. Net (loss) income attributable to common […]
News Release: Hammes celebrates opening of new Children’s Wisconsin Appleton Clinic
FOR IMMEDIATE RELEASE: Milwaukee, WI, March 15, 2023 – Hammes, a nationally recognized leader in healthcare development, is pleased to celebrate the opening of the new Children’s Wisconsin Appleton Clinic in Appleton, Wisconsin, which opened to patients on March 6. The new two-story, 54,000-square-foot location allows Children’s Wisconsin to expand existing pediatric services and provide […]