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News Release: Partners Real Estate brokers sale of 10,243-sq.-ft. office building in Phoenix, Arizona
Phoenix, AZ, March 9, 2023 – Partners Real Estate (“Partners”), one of the largest independent commercial real estate firms in Texas, arranged the sale of a 10,243-sq.-ft. Medical office building located at 8410 W Thomas Road – Bldg 3 in Phoenix, Arizona. Partners’ Ryan McCullough and Tyler Jaynes represented the Seller in the transaction. For […]
News Release: Vitrian and The Howard Hughes Corporation Form Joint Venture to Develop Life Science Projects in The Woodlands, Texas
March 08, 2023 02:25 PM Eastern Standard Time THE WOODLANDS, Texas–(BUSINESS WIRE)–Vitrian, a national platform providing an end-to-end solution for mission-critical biomanufacturing facilities, and The Howard Hughes Corporation (NYSE: HHC) announced today their formation of a joint venture to develop cGMP/Biomanufacturing facilities in HHC’s award-winning master planned community of The Woodlands. Building upon the rapidly […]
News Release: McLaren Macomb (Mich.) Harrington Medical Center Is Now Open
MARCH 07, 2023 CLINTON TOWNSHIP, Mich.—McLaren Macomb, the Mount Clemens-based hospital serving all of Macomb County through its network of outpatient facilities, is set to open its largest medical office building to date. Following more than a year of construction and in partnership with SensusOne, Harrington Medical Center has begun its phased opening and is […]
Feature Story: Todd J. Meredith – Carrying on the legacy
Todd J. Meredith of Healthcare Realty is the 2022 HRE Executive of the Year By John B. Mugford Since its founding in 1992, Healthcare Realty Trust (NYSE: HR) has been viewed as one of the healthcare real estate (HRE) sector’s steadiest and most reliable investors. Maybe the publicly traded real estate investment trust (REIT) wasn’t […]
Feature Story: Cap rates are on the rise
Mike Hargrave, Hilda Martin present updated info at Revista MREIF conference By John B. Mugford Amid all of the uncertainty in the healthcare real estate (HRE) sector due to rising interest rates and inflation, Mike Hargrave, principal with Arnold, Md.-based HRE data firm Revista, noted during the firm’s recent conference in Bonita Springs that there […]
News Release: BXP Unveils Plans for a Life Science Innovation District in Rockville, Maryland
Monday, March 6, 2023 The Shady Grove Innovation District is a planned mixed-use, transit-served innovation ecosystem of more than 1.3M SF located in Maryland’s premier life sciences cluster. BXP, formerly Boston Properties, recently unveiled plans at its pre-application community meeting to develop the Shady Grove Innovation District (“SGID”), a world-class, amenity-rich, mixed-use district catering to […]
Life Sciences: Mayo moving ahead with 76-acre project in Phoenix
The Discovery Oasis campus could total 3.3 million s.f. of life sciences and medical space PHEONIX – The goal of creating a biotechnology corridor in northeast Phoenix might soon take another big step forward. Mayo Clinic has submitted a Planned Unit Development (PUD) document to the City of Phoenix to formally begin the approval process […]
News Release: Graymark Capital’s “Gray Matter” Life Science Initiative Recapitalizes 230,000 Sf Life Science Building In San Carlos, California
– Graymark Capital, Inc. completed a recapitalization of its 230,000 square foot life science project in San Carlos, CA with BentallGreenOak, a global real estate investment advisor. 150 Industrial is an existing life science building that will be re-imagined with new exterior façade, outdoor amenity areas and modern lab buildout. The property has the largest […]
News Release: JLL arranges $310M construction loan for first all-electric life sciences campus in California
News release Avia Labs at Millbrae Station caters to tenants seeking purpose-built space in a transit-oriented location SAN FRANCISCO, Mar. 3, 2023 – JLL’s Capital Markets group announced today that it arranged a $310 million construction loan for the development of Avia Labs at Millbrae Station, a best-in-class life sciences development totaling 315,000 square feet […]
News Release: BentallGreenOak and Graymark Capital to Develop 100,000-Sq. Ft. Bayshore Bio Life Science Campus in Palo Alto, CA
The City of Palo Alto has granted permit approval for this life science development at 2225 East Bayshore Road Palo Alto, (March 2, 2023) — BentallGreenOak (BGO) and Gray Matter by Graymark Capital have begun construction on a two-story, 36,000-square-foot life science development at 2225 East Bayshore Road in Palo Alto, California, which represents the […]
News Release: CREG Announces Sale of Four-Building MOB Portfolio in Salem, Ore.
RECENT CLOSING CLOSING DATE – MARCH 2023 TYPE – 4-BUILDING ORTHOPEDICS PORTFOLIO LOCATION – SALEM, OREGON PRICE – $20,000,000 TOTAL SF – 54,606 SF $/SF – $366/SF Capital Real Estate Group’s – U.S. Healthcare Investment Sales practice is pleased to announce the sale of a four-building medical office portfolio located in Salem, Oregon and totaling […]
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 […]