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Transactions: A early summer sale at a significant price
Welltower acquires a 103,652 s.f. MOB in Sacramento, Calif., for $45.6 million By John B. Mugford As the medical outpatient building (MOB) sales market continues to languish in a nearly two-year slowdown, a big sale has taken place in Sacramento. Perhaps it is a sign that things are turning around – or, should interest rates […]
For Sale: Saxon Woods Medical Buildings. Two-Property, Value-Add Opportunity Anchored by White Plains Hospital in Premier Westchester County, NY.
CBRE Saxon Woods Medical Buildings Westchester County, NY Two-property, Value-Add Opportunity Anchored by White Plains Hospital (Moody’s Baa3) in Premier Westchester County, NY THE OFFERING Offer Price: Best Offer Properties: 2 Total Size: 232,357 SF Leased: 79% Health System Tenancy: 3 (Of Portfola NRA) WALT: 9.3 Years In-Place NOI: Stabilized (Year 3) NOI: Ownership: Leasehold CBRE […]
News Release: uniQure Announces Sale of Commercial Manufacturing Facility to Genezen
July 1, 2024 ~ Proposed divestiture streamlines uniQure’s focus and represents an important milestone in its ongoing effort to significantly reduce operating expenses ~ ~ Genezen to manufacture global commercial supply of HEMGENIX® and support uniQure’s pipeline programs as a preferred customer ~ ~ uniQure to reduce cash burn by $40 million per year and […]
News Release: UAB breaks ground on $190 million Biomedical Research and Psychology Building
by Adam Pope June 28, 2024 The University of Alabama at Birmingham continues to build momentum, breaking ground Friday on a new eight-story, $190 million facility for the Marnix E. Heersink School of Medicine and College of Arts and Sciences. The Biomedical Research and Psychology Building, made possible by $152 million in federal funding, and […]
News Release: Marcus & Millichap Sells Medical Office Building in Northern New Jersey for $13.5 Million
LIVINGSTON, N.J., June 28, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a medical office building in Livingston, New Jersey, for $13.5 million. “Medical office buildings are one of the most highly sought-after products in […]
News Release: MD Anderson and Rice launch Cancer Bioengineering Collaborative
Initiative aligns expertise to advance bioengineering research to improve early detection and treatment of cancer MD Anderson News Release June 27, 2024 The University of Texas MD Anderson Cancer Center and Rice University today announced the creation of the Cancer Bioengineering Collaborative to develop innovative technologies and bioengineering approaches to improve cancer research, diagnosis and […]
News Release: Just Closed: 1201 Alhambra (Sacramento, Calif.)
Colliers U.S. Healthcare Capital Markets, is pleased to announce the successful closing of 1201 Alhambra, a 103,652-square-foot, medical office building and ambulatory surgery center located in Sacramento, CA. The property is 88% occupied by Sutter Health (“Sutter”, Fitch ‘A+’) providing health care services that include family medicine, internal medicine, bariatrics and PT/ST/OT, along with specialty […]
Project Case Study: MedCraft project checks all the boxes
A 29,500 s.f. MOB in Overland Park, Kan., helps HCA to meet its objectives By John B. Mugford What are health systems looking for when it comes to developing new medical outpatient buildings (MOBs)? As they’ve often said while serving as panelists at many healthcare real estate (HRE) conferences throughout the country, system executives desire […]
News Release: The Sanders Trust Completes $34.2 Million Rehabilitation Hospital Acquisition in Oklahoma
FOR IMMEDIATE RELEASE June 25, 2024 Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, has recently acquired the PAM Health Rehabilitation Hospital of Tulsa for $34.2 million dollars. Operated by the PAM Health network, the facility is located at 10020 East 91st Street, Tulsa, Oklahoma, […]
News Release: Alexandria Real Estate Equities, Inc. Announces Long-Term 127,382 RSF Lease With Top 20 Pharmaceutical Company
Alexandria Real Estate Equities, Inc. Announces Long-Term 127,382 RSF Lease With Top 20 Pharmaceutical Company and Longstanding Credit Tenant for New R&D Life Science Center at the SD Tech by Alexandria Mega Campus in San Diego NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Jun 25, 2024, 08:30 ET PASADENA, Calif., June 25, 2024 /PRNewswire/ […]
News Release: ProBio Expands Plasmid DNA and Viral Vector Production in New Jersey to Accelerate Delivery of Life-Changing Cell and Gene Therapies
NEWS PROVIDED BY ProBio Inc Jun 25, 2024, 08:00 ET SHARE THIS ARTICLE HOPEWELL, N.J., June 25, 2024 /PRNewswire/ — ProBio Inc, a New Jersey-based contract development and manufacturing organization (CDMO), proudly announce the expansion of its plasmid DNA and viral vector manufacturing capabilities with the opening of a new state-of-the-art facility in Hopewell, New […]
News Release: Just closed in Las Vegas
Montecito continues acquisition streak Montecito Medical acquires Las Vegas ambulatory surgery center property Montecito Medical, a leading buyer of medical office properties nationwide, has acquired a 33,351-square-foot outpatient surgery building in Las Vegas. The property is 100% occupied by Specialty Surgicare of Las Vegas. “We are thrilled to add this outstanding ASC asset to our […]
News Release: Equity secured for development of Utah medical office building
News release JLL Capital Markets advised Fort Street Partners on the equity placement for the Syracuse Medical Office Building Development in Syracuse, Utah DENVER, June 24, 2024 – JLL Capital Markets announced today that it has arranged an equity placement for the Syracuse Medical Office Building Development (“Syracuse MOB”), a 20,399-square-foot medical office building to-be-built in […]
Mews Release: NYCEDC Announces Two Generational Life Science Projects in Kips Bay Reaching Critical Next Step Entering Into ULURP
Press Release By NYCEDC JUN 24 2024 SPARC Kips Bay, First-of-Its-Kind Job and Education Hub, Will Create More Than 15,000 Jobs, Generate $42 Billion in Economic Impact Innovation East, Home of the Former Public Health Lab, Will Transform Into a New State-of-the-Art Life Sciences Hub, Creating Nearly 1,000 New Jobs Both Projects Will Help Further […]
News Release: Novo Nordisk announces 4.1 billion USD investment to expand US manufacturing capacity
Press release 01:16 24 June 2024 In 2024, Novo Nordisk plans to boost its current investments, aiming to allocate USD 6.8 billion towards production, a significant increase from the previous year’s investment of USD 3.9 billion*. Bagsværd, Denmark, 24 June 2024 – Novo Nordisk today announced plans to invest 4.1 billion US dollars (approx 27 […]