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News Release: Shapiro Administration Invests Nearly $3 Million to Bring Adare Pharma Solutions’ Headquarters to Pennsylvania, Creating 115 New, Well-Paying Jobs in Philadelphia
The life sciences company is investing at least $16.8 million to relocate its headquarters to PA from New Jersey and upgrade its two current Philadelphia facilities, building on Pennsylvania’s reputation as a life sciences leader. FROM THE OFFICE OF PENNSYLVANIA GOVERNOR JOSH SHAPIRO Harrisburg, PA, August 1, 2024 – Today, Governor Josh Shapiro announced the […]
Life Sciences: Lilly opens R&D center in Boston Seaport District
Majority owned by Alexandria, 15 Necco St.’s life sciences space is fully leased By Murray W. Wolf The life sciences real estate (LSRE) development pipeline continues to add millions of square feet of speculative space to a market that has already endured two years of steadily falling occupancy rates. But here is some good news: […]
News Release: City of Warsaw (Ind.), Innovcare, and Parkview Health greenlight 3-4 projects, waiting for VA decision regarding Warsaw Clinic
FOR IMMEDIATE RELEASE WARSAW MEDICAL HUB – PHASE 1 PROJECT UPDATE WARSAW. July 2024 — Innovcare, an innovative healthcare real estate firm based in Indiana (www.thinkinnovcare.com), completed the successful negotiations of the purchase of approximately 16 acres along US 30 and E 200 N on behalf of Parkview Health to build the city of Warsaw’s […]
News Release: BXP Announces Second Quarter 2024 Results
Exceeded Q2 Guidance for EPS and FFO, Executed More Than 1.3 Million Square Feet of Leases in Q2, and Named One of the World’s Most Sustainable Companies by TIME Magazine BOSTON–(BUSINESS WIRE)–Jul. 30, 2024— BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the […]
News Release: Davis Breaks Ground for a New Midwest ENT Specialty Center in Lakeville, MN
P R E S S R E L E A S E MINNEAPOLIS (July 31, 2024)—Davis has broken ground on a 14,000-square-foot medical office building development for Midwest Ear, Nose and Throat Specialists (Midwest ENT) at 11020 161st Street West in Lakeville, MN. The new facility, on a 1.6-acre land site, has been designed as […]
Transactions: Blockbuster $674.3 million MOB deal closes
Unity Medical and Varde Partners buy a 58-MOB, 2.76 million s.f. portfolio from Healthpeak SIXTEEN STATES – In a deal that came to light shortly before this edition of the HREI weekly e-newsletter was distributed, HREI has learned that a 58-asset medical outpatient building (MOB) portfolio has been sold for $674.3 million, or about $244 […]
News Release: IRA Capital, Oaktree acquire 12 property medical portfolio spanning 600,000 SF
FOR IMMEDIATE RELEASE Release Date: July 30, 2024 The 12-property Portfolio is anchored by leading regional healthcare providers and features high-acuity space with extensive tenant buildouts. Irvine, CA – IRA Capital, a prominent Southern California-based private equity firm and one of the leading private buyers of healthcare real estate in the United States, is pleased […]
Feature Story: MOB sales remained slow in Q2, at $1.9 billion
However, occupancies and demand remain high, Revista says By John B. Mugford Recently, a growing number of professionals involved in the medical outpatient building (MOB) transaction market have been saying that they are seeing signs that the market is picking up, or indications that it will pick up in the not-too-distant future. Yet, for now, […]
Life Sciences: Alexandria adjusts to a ‘sector bear market’
REIT says it has adapted since the LSRE bull run ended in 2021 By Murray W. Wolf PASADENA, Calif. – Alexandria Real Estate Equities Inc. (ARE) reported a mixed bag of second quarter (Q2) 2024 financial results Monday, July 22, exceeding Wall Street expectations regarding some metrics but falling short in others. But the Pasadena-based […]
News Release: CBL Properties Celebrates Opening of New Medical Office Building at Friendly Center in Greensboro, North Carolina
July 30, 2024 09:00 AM Eastern Daylight Time CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Today CBL Properties (NYSE:CBL) announced that Atrium Health Wake Forest Baptist Medical Plaza has opened at Friendly Center in Greensboro, North Carolina. The new center was developed in a joint venture with Davis Moore Capital. Representatives from CBL and Atrium Health Wake Forest Baptist marked […]
News Release: HPA Exchange Acquires Dignity Health Micro-Hospital in Phoenix
PHOENIX (July 29, 2024) – HPA Exchange LLC, a healthcare real estate investment sponsor created by the executive team of Healthcare Property Advisors, a vertically integrated healthcare real estate owner and operator, announced today the acquisition of a micro-hospital with emergency room and imaging center that is 100% leased to Dignity Health in Phoenix. Located […]
News Release: Welltower Issues Business Update
NEWS PROVIDED BY Welltower Inc. Jul 29, 2024, 16:38 ET TOLEDO, Ohio, July 29, 2024 /PRNewswire/ — Welltower® Inc. (NYSE: WELL) has issued the following business update which can be found at: https://welltower.com/july2024-business-update About Welltower Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The […]
News Release: Welltower Reports Second Quarter 2024 Results
NEWS PROVIDED BY Welltower Inc. Jul 29, 2024, 16:09 ET TOLEDO, Ohio, July 29, 2024 /PRNewswire/ — Welltower Inc. (NYSE:WELL) today announced results for the quarter ended June 30, 2024. Recent Highlights Reported net income attributable to common stockholders of $0.42 per diluted share Reported quarterly normalized funds from operations attributable to common stockholders of $1.05 per diluted share, an increase of 16.7% over the […]
News Release: Announcement – $10,500,000 Medical Office Sale / Fairfield Advisors
Monday, July 29, 2024 10:01 AM $10,500,000 Medical Office Sale – Fairfield Advisors announced that it has facilitated the sale of the Acadia Health Medical Office Building in Reading, PA. The Medical Building is 30,000 square feet and was built in 2020. The anchor tenant in the building is Acadia Health which is the largest […]
News Release: Metro, Montgomery County seeking developer to create major life sciences, mixed-use project at North Bethesda
For immediate release: July 29, 2024 Metro and Montgomery County officials launched an initiative Wednesday, to seek an experienced developer to build a major transit-oriented life sciences center at the North Bethesda Metrorail Station, that will include housing, office, retail, and public spaces. Metro announced the issuance of a Request for Qualifications for a developer […]
