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Transactions: Evergreen buys seven Raleigh, N.C., medical assets
Highwoods Properties sold the portfolio for $62.5 million; JLL was the broker By Murray W. Wolf RALEIGH, N.C. – Highwoods Properties Inc. (NYSE: HIW) announced last Thursday, April 4, that it has sold eight Raleigh-area properties – including seven medical buildings – for a total of $79.4 million. The medical outpatient buildings (MOBs), plus one […]
Transactions: Remedy buys Rochester, N.Y., area MOB for $43 million
Broadstone Net Lease sold the 119,983 s.f. facility in the suburb of Greece, N.Y. By Murray W. Wolf GREECE, N.Y. – An affiliate of Chicago-based Remedy Medical Properties has acquired a four-story, 119,983 square foot MOB in the Rochester, N.Y., suburb of Greece from Broadstone Net Lease (NYSE: BNL) for $43 million. That’s according to […]
News Release: Sila Realty Trust, Inc. to Pursue a Listing on the New York Stock Exchange
April 08, 2024 09:03 AM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. (the “Company” or “Sila”), a net lease real estate investment trust (“REIT”) with a strategic focus on investing in the significant, growing, and resilient healthcare sector of the U.S. economy, is pleased to announce that management and the Board of Directors […]
Life Sciences: LSRE developers are still developing
There are still opportunities if you have the right ingredients, Revista panelists agree By Murray W. Wolf Editor’s note: This article is part two of our coverage of a recent panel discussion on life sciences real estate (LSRE) development. Part one appeared last week. PASADENA, Calif. – In light of a 43.8 percent decline in […]
News Release: JLL Capital Markets arranged the sale and financing for an eight-building medical property portfolio in Raleigh, North Carolina
JLL Capital Markets represented Highwoods in the sale of the non-core assets April 05, 2024 CAROLINAS, Apr. 5, 2024 – JLL Capital Markets announced today that it arranged the sale of eight buildings totaling 338,000 square feet across from UNC-REX Hospital in the West Raleigh submarket to two separate buyers. One buyer purchased seven of the […]
News Release: Margulies Perruzzi Completes Innovation & Conference Center for Boston Scientific
BOSTON – April 4, 2024 – Margulies Perruzzi (MP), one of New England’s most innovative architectural and interior design firms, announced today that it has completed renovations to create an Innovation & Conference Center for Boston Scientific Corporation, a global medical technology leader. The centralized training center creates a 20,000 SF area featuring state-of-the-art technology […]
News Release: Life Science Leader Cell Signaling Technology and HGA Unveil Plans to Transform Abandoned Rock Quarry into Climate-Friendly Research and Innovation Campus in Manchester-by-the-Sea, MA
NEWS HGA News 04.04.2024 Sustainably designed “Campus of the Future” to facilitate innovative biotechnology research Cell Signaling Technology (CST), a life science discovery technology company and leading provider of antibodies, kits, and services, has partnered with the acclaimed national interdisciplinary design firm HGA to develop a groundbreaking master plan and building design for a new […]
News Release: Boston Real Estate Inclusion Fund Launches Investment Offering on Small Change Crowdfunding Platform
Equity Raise for $400M Life Sciences Building In Boston Seaport Focuses on BIPOC Investors April 04, 2024 11:30 AM Eastern Daylight Time BOSTON–(BUSINESS WIRE)–Small Change, an investment crowdfunding platform for real estate development with social impact, and Boston Real Estate Inclusion Fund (BREIF), an investment fund created by Black Boston developers, announce an investment opportunity […]
News Release: Cambridge Savings Bank Supports the Expansion of Fair Haven Community Health Care with Loans Totaling Over $26 Million
Financing will support development of a comprehensive health clinic set to serve an additional 20,000 patients, increasing Fair Haven CHC’s capacity by 45 percent April 04, 2024 10:08 AM Eastern Daylight Time CAMBRIDGE, Mass.–(BUSINESS WIRE)–Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that […]
News Release: Montecito Continues Fast Pace in Q1 Medical Office Acquisitions with 11 MOB Deals
April 04, 2024 08:00 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, continued its fast pace during the first quarter of 2024. Some of the company’s latest acquisitions included properties tenanted by market-leading providers ranging from the Mountain West to the eastern seaboard: Springfield Clinic / Peoria, […]
News Release: Broadstone Net Lease Provides First Quarter 2024 Business Update
Press Release Company Release – 4/3/2024 4:10 PM ET VICTOR, N.Y.–(BUSINESS WIRE)– Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today provided a business update for the quarter ended March 31, 2024. Additionally, the Company announced that it will be participating in the Morgan Stanley Triple Net REIT Day […]
News Release: Woodside Health Announces Sale of Medical Office Park
CLEVELAND, OH (April 3, 2024) – Woodside Health, an Ohio based private equity firm specializing in healthcare real estate, has completed the sale of a large medical office park located in the Cleveland MSA. The 218,000 square foot portfolio consists of 19 buildings across three submarkets. Tenants include hospital systems plus a number of high […]
News Release: Wellstar MCG Health celebrates progress on Wellstar Columbia County Hospital with ceremonial groundbreaking
COLUMBIA COUNTY, Ga., April 2, 2024 — With a mound of red dirt piled behind them and wearing a hard hat, Brian P. Kemp, Governor of Georgia lifted a purple-bowed shovel full of gray dirt Monday morning, ceremonially breaking ground on the Wellstar Columbia County Medical Center. Joining him in this symbolic event were Georgia […]
Companies & People: AHR is excited about its prospects
After its IPO, REIT pays down debt, will be selective about acquisitions By John B. Mugford As a result of its recent initial public offering (IPO), Irvine-based American Healthcare REIT (NYSE: AHR), which has been involved in the healthcare real estate (HRE) sector since 2009, was able to significantly reduce its floating rate debt. According […]
News Release: Clay Town Center Celebrates Grand Opening of Professional Office Park
PRESS RELEASE • APR 2, 2024 09:00 EDT MIDDLEBURG, Fla., April 2, 2024 (Newswire.com) – Clay Town Center, a project by Paradigm Development Partners, is thrilled to announce the grand opening of its latest project, the Clay Town Center Professional Office Park, a modern office complex designed to meet the needs of today’s businesses. Located […]