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News Release: HCA Florida Fawcett Hospital Completes Phase One in $60M Expansion
Press Release 05.29.24 HCA Florida Fawcett Hospital has completed phase one of its $60 million expansion and renovation project that increases the hospital’s capacity and broadens its offerings. Officially open to the public on May 13, the project included expanding critical care units by 12 rooms, increasing the number of pre-operative treatment areas to 43 […]
News Release: Davis Healthcare Real Estate Opens Lakeview Specialty Center (Lakeville, Minn.)
PRESS RELEASE 100,500-SF Medical Development is Fully Occupied by Allina and MNGI Digestive Health MINNEAPOLIS (May 29, 2024)—Davis has announced the formal opening of Lakeville Specialty Center, a 100,500 square foot medical building at 18645 Orchard Trail in Lakeville, MN. The building is fully occupied by Allina and MNGI Digestive Health. “The completed Lakeville Specialty Center […]
News Release: PMB and Santa Clara Valley Healthcare celebrate the topping-off for a 230,000 square-foot medical office building in San Jose, Calif.
FOR IMMEDIATE RELEASE SAN JOSE Calif., May 29, 2024 – PMB, a leading healthcare real estate developer, in partnership with Santa Clara Valley Healthcare (SCVH), celebrated topping-off on a 10-story, 230,000 square-foot medical office building in San Jose, CA. The future Valley Health Center San Jose (VHC San Jose) location provides county residents with seamless […]
Feature Story: Health execs get to quiz landlords
BOMA ‘reverse’ panel let providers ask questions of building owners By John B. Mugford Many healthcare real estate (HRE) conferences include panel discussions comprising real estate executives from prominent health systems. The idea is to allow the panelists to share their real estate strategies and, perhaps, explain what difficulties they face in trying to carry […]
News Release: Stockdale Capital Partners acquires five-story, Class-A medical office building in central Austin (Texas)
FOR IMMEDIATE RELEASE Property at 1401 Philomena St., adjacent to Dell Children’s Medical Center, has 129,382 square feet of rentable office space LOS ANGELES – May 28, 2024 – Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, announced it acquired a newly-built medical office building at 1401 Philomena St. in Central […]
Transactions: Remedy/Kayne JV buys 16 N.C. MOBs from Novant
Price not disclosed for the 737,347 s.f. first tranche of a 21-MOB deal By John B. Mugford In the current environment of rising costs and tighter operating spreads for health systems, perhaps growing number of such organizations are ready to start monetizing certain non-core real estate assets to raise capital. For years, healthcare real estate […]
News Release: Montecito acquires two-building medical office portfolio
Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office buildings in the Milwaukee, Wisconsin, area. The buildings total over 70,000 square feet and are occupied by Children’s Hospital of Wisconsin. They are in the exurban communities of Delafield and Mequon, respectively. “We are thrilled to add these two outstanding […]
News Release: Lilly Increases Manufacturing Investment to $9 Billion at Newest Indiana Site to Boost API Production for Tirzepatide and Pipeline Medicines
News Release May 24, 2024 Largest investment in active pharmaceutical ingredient manufacturing of synthetic medicines in U.S. history Since 2020, the company has committed more than $18 billion to build, upgrade and acquire facilities in the U.S. and Europe INDIANAPOLIS, May 24, 2024 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) announced today that it […]
News Release: Medical Properties Trust Closes $800 Million 10-Year Loan Secured by U.K. Hospital Portfolio
6.9% Fixed Cash Pay Rate Demonstrates Access to Capital and Enduring Value of Hospital Real Estate May 24, 2024 08:30 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced the completion of approximately £631 million ($800 million) in new non-recourse, non-amortizing secured financing backed by certain […]
News Release: Vitalis Acquires 30,000 SF MOB on 15-Year Leaseback in Jacksonville.
The transaction closed May 23, 2024. Vitalis acquired a 30,165 SF medical outpatient building and surgery center located at 8262 Point Meadows Dr in Jacksonville, FL. Cross Regions developed the build-to-suit for Coastal Health in 2022. The facility includes clinical space for Coastal Health’s Orthopedic, Spine, Pain Management, Podiatry, and Physical Therapy practices in addition […]
Life Sciences: Bouncing back from the ‘bullwhip effect’
Overreaction to demand led to LSRE oversupply, Revista webcast speaker says NATIONAL – It’s not often that bullwhips come up in daily conversation. Thankfully, the days of whipping animals and people are long past – hopefully. But the physics involved in cracking a whip can help explain the state of the life sciences real estate […]
News Release: Northside Medical Buford: Expanding Healthcare Access in Northern Gwinnett County
NEWS PROVIDED BY Realty Trust Group LLC May 23, 2024, 09:26 ET ATLANTA, May 23, 2024 /PRNewswire/ — Realty Trust Group is proud to announce the opening of Northside Hospital’s newest medical office building, Northside Medical Buford. This 100,000-square-foot facility, located at 2800 Buford Drive between Coolray Field and the Mall of Georgia, celebrated its grand […]
News Release: Children’s Hospital and Birthing Center Opens (Columbia, Mo.)
May 22, 2024 Community open house and ribbon cutting set for Thursday MU Health Care opened its new Children’s Hospital and Birthing Center this week with a series of celebrations that cap off Thursday afternoon and evening with an event with food, games and tours for the community. The Children’s Hospital and Birthing Center expands […]
News Release: AdventHealth bringing ‘hospital of the future’ to Lake Nona community
LAKE NONA, Fla., May 22, 2024 — A state-of-the-art hospital that will offer leading-edge treatments to patients from Central Florida and around the globe is coming to Lake Nona. AdventHealth has begun work on a 10-story hospital located at 10999 Narcoossee Road. To date, thousands of tons of soil have been removed from the site, […]
News Release: Lakeville (Minn.) Specialty Center Now Open
Davis Lakeville Specialty Center 100,500-SF Medical Development is Fully Occupied by Allina and MNGI Digestive Health MINNEAPOLIS (May 21, 2024)–Davis has announced the formal opening of Lakeville Specialty Center, a 100,500 square foot medical building at 18645 Orchard Trail in Lakeville, MN. The building is fully occupied by Allina and MNGI Digestive Health. “The completed […]
