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News Release: Hoar Celebrates Topping Out of UAB Medicine Inpatient Rehabilitation Facility
$128 million project will move inpatient rehabilitation units from the existing Spain Rehabilitation Center into a new 346,000-square-foot building BIRMINGHAM, Ala. (March 7, 2024) – Hoar Construction announced today the topping out of the University of Alabama at Birmingham (UAB) Medicine’s Inpatient Rehabilitation Facility, signifying the new downtown Birmingham building has reached its tallest point. […]
News Release: Just Financed – 4900 Barranca Parkway (Irvine, Calif.)
Capital Markets | Healthcare & Life Sciences Just Financed 100% Leased to Hoag Memorial Hospital Presbyterian (Fitch ‘AA’) CBRE Transaction Highlights Date Closed: 2/29/2024 Size: 16,074 RSF Occupancy: 100% 4900 Barranca Parkway | Irvine, CA CBRE U.S. Healthcare Capital Markets is pleased to announce the financing of 4900 Barranca Parkway (the “Property”), a single-tenant, net-leased […]
News Release: Cushman & Wakefield Advises Sale of New Las Vegas Healthcare Building acquired by Clark County for $10.4 Million
For Immediate Release Turn-key Class A facility located south of Nellis Air Force Base LAS VEGAS, Nev. – March 5, 2024 – Cushman & Wakefield announced the firm has advised the sale of a recently constructed 17,066-square-foot, 24-bed psychiatric hospital building located in Las Vegas, Nevada. The building was completed in 2021 but has never […]
Feature Story: MOB rental rates have risen steadily
Tenants might not like it, but they recognize that landlords’ costs have increased, Revista panelists say By John B. Mugford By now, nearly everyone involved in healthcare real estate (HRE) knows that both the sales of facilities, namely medical outpatient buildings (MOBs), and new construction have slowed significantly during the past year or more. Yet, […]
News Release: Montecito acquires Illinois medical building
Montecito acquires Peoria medical property Montecito acquires Illinois medical building occupied by Springfield Clinic Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 16,000-square-foot medical building in Peoria, Illinois. The building is 100% occupied under a long-term lease by Springfield Clinic, a leading health provider in north central Illinois. “We are […]
Life Sciences: Healthpeak-DOC merger creates $21 billion REIT
Executives are still upbeat about life sciences despite big bet on medical By Murray W. Wolf A previously announced merger creating a healthcare and life sciences real estate investment trust (REIT) valued at nearly $21 billion has been completed. Denver-based Healthpeak Properties Inc., which had a pre-merger enterprise value of about $16.32 billion, announced Friday […]
News Release: Alexandria Real Estate Equities, Inc. Announces Significant Early Renewal and 10-Year Lease Extension
Alexandria Real Estate Equities, Inc. Announces Significant Early Renewal and 10-Year Lease Extension With Longstanding Credit Tenant Takeda at the Alexandria Center at Kendall Square Mega Campus in Cambridge NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 04 Mar, 2024, 07:00 ET PASADENA, Calif., March 4, 2024 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), […]
News Release: Healthcare Realty Trust Announces Planned Retirement of Two Directors and 2024 Nominees
Press Release March 04, 2024 06:45 ET | Source: Healthcare Realty Trust Incorporated NASHVILLE, Tenn., March 04, 2024 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) today announced the nomination of 11 of its current 13 directors to stand for election to its Board of Directors at the Company’s annual meeting of stockholders to be […]
News Release: New Office Building Opens at Freeman (Joplin, Mo.)
March 01, 2024 Three-Story Structure Holds New Offices for Urology, Dermatology, Neurosurgery JOPLIN, Mo. – Less than two years after land was initially broken on a blustery summer day in 2022, the new Medical Office Building at 3401 W. McIntosh Circle Drive officially opened to the public Friday morning, with a ribbon cutting ceremony and […]
Thought Leaders: The headwinds facing healthcare real estate require a nimble, innovative response
By Matt Bremner At the intersection of healthcare and real estate, the landscape appears both promising and challenging for stakeholders in the industry. While the demand for healthcare services continues to rise, hospital systems face the financial strain of escalating labor and material costs, which have surged by 35-40% over an unprecedentedly short amount of […]
News Release: North River Leerink’s Successful 100 Chestnut Street Development Continues Somerville’s Growth as a Leading Life Science and Innovation Hub
ADA Forsyth Institute’s recent lease agreement for 76,000 sq. ft. at 100 Chestnut puts the North River Leerink LEED Platinum Life Science building at 90% occupancy. February 29, 2024 07:30 AM Eastern Standard Time SOMERVILLE, Mass.–(BUSINESS WIRE)–North River Leerink (NRL) proudly announces a milestone achievement in its recent real estate development venture, playing a pivotal […]
News Release: 2023 HREI Insights Awards Winners announced
FOR IMMEDIATE RELEASE Healthcare Real Estate Insights™ presents awards to the 2023 winners of the only comprehensive national program recognizing excellence in healthcare real estate PASADENA, Calif., Feb. 28, 2024 – Healthcare Real Estate Insights™ magazine has announced the Winners of the 2023 HREI Insights Awards™, the only national awards dedicated to recognizing excellence in […]
New Release: Simtra BioPharma Solutions Announces $250+ Million Investment to Expand Sterile Fill/Finish Manufacturing Site in Bloomington, Indiana
NEWS PROVIDED BY Pitch Public Relations Feb 28, 2024, 07:00 ET Expansion designed to meet customers’ growing demand and need for development services, clinical and commercial manufacturing capacity PARSIPPANY, N.J., Feb. 28, 2024 /PRNewswire/ — Simtra BioPharma Solutions (Simtra), a premier injectable contract development and manufacturing organization (CDMO), today announced a $250+ million expansion of its […]
News Release: Global Medical REIT Announces Fourth Quarter and Year-End 2023 Financial Results
Net Proceeds From 2023 Dispositions Used to Reduce Leverage and Position Company for Growth February 27, 2024 04:05 PM Eastern Standard Time BETHESDA, Md.–(BUSINESS WIRE)–Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and […]
News Release: Sabra Reports Fourth Quarter 2023 Results; Introduces 2024 Guidanc
February 27, 2024 04:05 PM Eastern Standard Time TUSTIN, Calif.–(BUSINESS WIRE)–Sabra Health Care REIT, Inc. (“Sabra,” the “Company” or “we”) (Nasdaq: SBRA) today announced its results of operations for the fourth quarter of 2023. FOURTH QUARTER 2023 RESULTS AND RECENT EVENTS Results per diluted common share for the fourth quarter of 2023 were as follows: […]
