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For Sale: Abbott Northwestern-WestHealth – Trophy 3-Building Outpatient Campus Anchored by Allina Health (Plymouth, Minn.)
ABBOTT NORTHWESTERN-WESTHEALTH Minneapolis-St. Paul MSA CBRE TROPHY 3-BUILDING OUTPATIENT CAMPUS ANCHORED BY Alina Health (Moody’s: Al) The Offering CBRE U.S. Healthcare Capital Markets is pleased to exclusively offer the opportunity to acquire the leasehold interest in Abbott Northwestern-WestHealth (the “Property”). The Property is a 3-building, trophy outpatient campus comprised of 200,960 square feet. The three […]
News Release: Two-property portfolio in Rancho Bernardo trades for $30.8M
JLL Capital Markets facilitates the sale of the ~90,000-square-foot portfolio SAN DIEGO, Mar. 18, 2024 – JLL Capital Markets announced today that it arranged the $30.8 million sale of a premier R&D/Lab portfolio in Rancho Bernardo in San Diego, California. JLL worked on behalf of the seller, Montana Avenue Capital Partners, LLC, and procured the buyer, […]
News Release: Butterfly Pavilion and BioMed Realty Join Forces to Cultivate Biodiversity at Flatiron Park in Boulder, Colorado
March 18, 2024 – Butterfly Pavilion, the first Association of Zoos and Aquariums (AZA)- accredited, stand-alone, non-profit invertebrate zoo in the world and BioMed Realty, a Blackstone portfolio company and leading provider of real estate solutions to the life science and technology industries, announced today a partnership to develop and enhance pollinator habitat in BioMed […]
News Release: Gilbane Building Company Names Jeff Lewis as Business Leader for Raleigh Durham Market
NEWS PROVIDED BY Gilbane Building Company Mar 17, 2024, 17:00 ET Lewis’s promotion is part of Gilbane’s strategic growth plans in North Carolina RALEIGH, N.C., March 17, 2024 /PRNewswire-PRWeb/ — Gilbane Building Company announced the promotion of Jeff Lewis as Business Leader for the Raleigh, North Carolina office. This strategic move aligns with Gilbane’s 2024 […]
News Release: Pace® Life Sciences Acquires New Jersey Laboratory from Curia
Former Whitehouse Analytical Laboratory is Now Part of the Pace® Laboratory Network Minneapolis, MN [March 14, 2024] Pace® Life Sciences, LLC, a contract development, and manufacturing organization (CDMO), announced today that it has acquired the Lebanon, New Jersey laboratory facility (formerly Whitehouse Analytical Laboratories) from Curia, a global contract research, development, and manufacturing (CDMO) company. […]
News Release: Maple Grove Executive Plaza sells in Minneapolis-St Paul Metro
Transwestern Brokers $8M Sale of the Medical Office Building (MAR. 19, 2024 – MINNEAPOLIS) – Transwestern Real Estate Services (TRS) announces the sale of Maple Grove Executive Plaza to an entity linked to MSP Commercial, a real estate firm focused on developing, acquiring and managing healthcare properties in the Twin Cities. The asset, located at […]
News Release: Avison Young closes $9M sale of 25,482-SF office building in Weston, Florida
For Immediate Release Tuesday, March 12, 2024 Sale closes at peak pricing of $353-per-square-foot despite challenging office market conditions Weston, Fla. – Avison Young’s Florida Capital Markets Group completed the $9 million sale of a three-story, ±25,482-square-foot, multi-tenant office building at 1040 Weston Road in Weston, Florida. The $353-per-square-foot transaction far surpassed the current $225-per-square-foot […]
Feature Story: ‘An authentic and genuine leader’
HRE Executive of the Year gets high praise from clients, employees and peers By John B. Mugford Chad Henderson has always been an entrepreneur at heart, as he started his first business – selling ice cream to people on their docks or in their boats – as a 16-year-old growing up in Pensacola, Fla. Mr. […]
Thought Leaders: Newmark foresees a better 2024
Promising Q3 and Q4 data bodes well for the coming year, firm’s report finds By Erin E. Porter Although last year was not the best for the healthcare real estate (HRE) business, the sector’s resiliency and strong fundamentals during the second half of the year portend hope for 2024, according to the recently released “2023 […]
News Release: Montecito Medical Acquires Two More Women’s Health Properties in Minnesota
March 12th 2024 Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two buildings in Minnesota that are home to a leading provider of women’s health services in the Twin Cities area. The two buildings, which encompass a total of 13,100 square feet, are located in the suburban communities of Maplewood and […]
News Release: Sendero Capital and TPG Angelo Gordon complete the acquisition of a multi-specialty healthcare facility in Warwick, Rhode Island
JLL Capital Markets advised on the purchase of 227 Centerville Rd. in Warwick, RI, the fifth acquisition in Sendero Capital and TPG Angelo Gordon’s programmatic joint venture. BOSTON, Mar. 11, 2024 – JLL Capital Markets announced today that it advised Sendero Capital and TPG Angelo Gordon on the acquisition of 227 Centerville Rd., a 30,000-square-foot […]
News Release: Bremner Real Estate breaks ground on cancer center in Norman, Oklahoma
Norman Regional Health System and OU Health join to provide high-quality, research-driven cancer care INDIANAPOLIS – (March 11, 2024) Indianapolis-based Bremner Real Estate announced the recent groundbreaking of a new cancer center in Norman, Oklahoma. The OU Health Stephenson Cancer Center at Norman Regional will serve patients from Norman Regional Health System and OU Health. […]
Life Sciences: What are LSRE lenders looking for?
Cash-flowing, core-type assets are king these days, RevistaLab panelists say By Murray W. Wolf PASADENA, Calif. – Getting financing for a life sciences real estate (LSRE) deal was relatively easy in 2020 and 2021. Whether for acquisitions, new development or conversions – even entirely speculative projects – life sciences was red hot, and lenders lined […]
News Release: Webster Provides Five-Year Refinancing Loan for Henry Ford Macomb Medical Pavilion with KIRCO
STAMFORD, CT March 11, 2024 – Webster Bank is pleased to announce that it has provided a five-year, permanent loan to KIRCO in connection with the refinancing of the Henry Ford Macomb Medical Pavilion which is a 100% leased, class-A, state-of-the-art medical office building located in Macomb County, Michigan. “KIRCO is an award-winning commercial real […]
News Release: Simone Development Announces SightMD, a Fast Growing Eye Care Provider, Leasing 9,409 SF of Medical Space at One Executive Boulevard, Yonkers
First Medical Lease Since Recently Acquiring the Building YONKERS, NY (March 2024) – In its first medical lease since recently acquiring the property, Simone Development Companies has announced that SightMD, a rapidly-growing integrated ophthalmic provider group, has leased 9,409 square feet at One Executive Boulevard in Yonkers. The property has a remaining 48,525 square feet […]