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News Release: Two Washington, D.C. area medical offices trade
JLL Capital Markets completed the sale of Shady Grove Professional Centers I and II in Rockville, MD BOSTON, September 13, 2022 – JLL Capital Markets announced today that it has closed the sale of Shady Grove Professional Centers I and II, two multi-tenant medical office buildings that total 103,249 square feet in Rockville, Maryland adjacent […]
News Release: Montecito Medical Acquires Another Medical Office Property in Chicago Area
September 08th 2022 Real Estate Montecito Medical has completed the acquisition of a large medical property in the Chicago suburb of Rosemont, Illinois. The building, which offers more than 97,500 square feet of space, is fully leased to ACL Laboratories, which is part of Advocate Aurora Health. “We are pleased to have acquired this outstanding […]
News Release: Kilroy Realty Increases Common Dividend 3.8%
September 08, 2022 04:04 PM Eastern Daylight Time LOS ANGELES–(BUSINESS WIRE)–Kilroy Realty Corporation (NYSE: KRC, “Kilroy”) announced today that its board of directors declared a regular quarterly cash dividend of $0.54 per common share payable on October 12, 2022 to stockholders of record on September 30, 2022. The dividend is equivalent to an annual rate […]
Life Sciences: $278M financing secured for Massachusetts life science development
JLL Capital Markets arranged the construction loan for the 334,000-square-foot Boynton Gateway project in Somerville, Massachusetts BOSTON, Sept. 8, 2022 – JLL Capital Markets announced today that it has arranged the $278 million construction financing for Boynton Gateway, a to-be-developed, nine-story, 334,000-square-foot life science facility in Somerville, Massachusetts. JLL represented the borrower, a joint venture […]
People & Companies: Catching up with CBRE’s Lee Asher
Leader of the firm’s healthcare and life sciences team remains bullish on MOB sales By John B. Mugford As 2022 comes to a conclusion during the next few months, there are some professionals involved in the healthcare real estate (HRE) sector who believe medical office building (MOB) sales will remain somewhat tepid when compared to […]
News Release: Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.18 per Common Share for 3Q22
Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.18 per Common Share for 3Q22, for an Aggregate of $4.66 per Common Share for the 12 Months Ending September 30, 2022, Up 24 Cents, or 5 Percent, Over the 12 Months Ended September 30, 2021 NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Sep 06, 2022, […]
News Release: Sold – Brand New Multi-Specialty Outpatient Surgery Center, Anna, TX
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a multi-specialty outpatient surgery located in Anna, TX within the Dallas-Fort Worth metroplex. Completed in 2020, the state-of-the-art facility consists of 23,329 rentable square feet and is 100% leased and occupied by the Surgery Center of North Texas (SCNT). The […]
Life Sciences: Filling a void in the emerging Boulder, Colo., LSRE market
BREI talks with Ben Rosenfield and Bill Jencks about PMB’s new $280M development By Murray W. Wolf San Diego-based PMB, a longtime healthcare real estate (HRE) developer, and Montgomery Street Partners, a real estate private equity firm with offices in Dallas and New York, announced Wednesday (Aug. 31) that they have received town board approval […]
News Release: PMB and Montgomery Street Partners announce approval on the first speculative purpose-built life sciences project in Boulder County, CO
FOR IMMEDIATE RELEASE This new 365,000 sq. ft. facility in Boulder County will break ground in Q2 of 2023 and complete in Q3 of 2024 SUPERIOR, CO, Aug 31, 2022 – PMB, a leading healthcare real estate developer, in partnership with Montgomery Street Partners, received Superior Town Board approval on its final development plan for […]
News Release: Cushman & Wakefield Arranges Sale of 187-Unit Class A Senior Housing Asset in Walnut Creek, California
Walnut Creek, CA – August 29, 2022 – Cushman & Wakefield, as exclusive advisor to a joint venture between Kisco Senior Living and an institutional investor, has arranged the recapitalization of Byron Park, a well-established and upscale senior housing asset located in the Bay Area submarket of Walnut Creek, California. The community was recapitalized by […]
Life Sciences: Topping Off Held For Watertown Life Science Campus
August 26th, 2022 | by High-Profile Watertown, MA – The Davis Companies and Boston Development Group (BDG) recently celebrated the ceremonial topping-off of Phase One of 66 Galen Street in Watertown, a 224,000rsf, purpose-built, Class A life science building designed by Elkus Manfredi Architects. This milestone marks the completion of the structural phase of construction […]
News Release: Mayor Adams Invests $27 Million To Accelerate Growth Of Life Sciences In NY
August 24, 2022 City Awards to City College and Mount Sinai Will Create Hundreds of Jobs and Support New Startups and Next Generation of Innovation and Research Mayor Adams’ Vision Has NYC on Path to Become Global Leader in Life Sciences, Create 40,000 Family-Sustaining Jobs in Next Decade NEW YORK – New York City Mayor […]
News Release: Keystone Development + Investment Secures $265.2M Loan to Expand the Life Science Conversion of The Curtis
August 24, 2022 08:48 AM Eastern Daylight Time CONSHOHOCKEN, Pa.–(BUSINESS WIRE)–Keystone Development + Investment has secured a $265.2 million loan from Nuveen Real Estate, an affiliate of Teachers Insurance & Annuity Associates of America (TIAA), to expand its Life Science conversion of The Curtis in Philadelphia, and to construct the mission-critical infrastructure required for the […]
News Release: CBRE Investment Management Fund Invests in Four-Building Medical Office Portfolio in Orange County, California
Firm Looks to Further Increase Investment Nationally in Sector it Expects to be Recession-Resistant 23 Aug 2022 CBRE Investment Management, on behalf of a fund it manages, has acquired a four-building medical office portfolio totaling 282,683 square feet in the coastal gateway market of Orange County, California, through a joint venture with Healthcare Realty Trust. […]
Feature Story: Are MOB sales slowing ?
Opinions vary, but most agree that debt costs are up and there’s a gap in bid-ask pricing By John B. Mugford Sure, medical office building (MOB) sales have been on a tear in the 12 months leading up to the end of the second quarter (Q2) of this year, totaling an all-time high of $21.2 […]