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Archives: 2024
Please click on one of the options below to access these archived editions of Healthcare Real Estate Insights™ in your preferred format (paid subscription required) Jan/Feb 2024 March/April 2024 May/June 2024 July/August 2024 Sept/Oct 2024 Nov/Dec 2024 2023 Archives 2022 Archives 2021 Archives 2020 Archives 2019 Archives 2018 Archives 2017 Archives 2016 Archives 2015 Archives […]
News Release: Health First and Gilbane Building Company Have Officially Broken Ground on the New Cape Canaveral Hospital and Medical Office Building in Merritt Island
NEWS PROVIDED BY Gilbane Building Company Mar 24, 2024, 17:00 ET Located in Brevard County, the state-of-the-art 120-bed hospital will provide innovative modern acute care treatment MERRITT ISLAND, Fla., March 24, 2024 /PRNewswire-PRWeb/ — Gilbane was thrilled to join the groundbreaking celebration during ‘3-2-1 Day’ in Brevard County, a special tribute to the region’s 3-2-1 area […]
News Release: Geisinger Wyoming Valley Medical Center cuts ribbon on medical office building (Wilkes-Barre, Pa.)
Published Mar. 22, 2024 WILKES-BARRE, Pa. – Geisinger officials held a ribbon-cutting ceremony on Thursday, March 21, to commemorate the completion of the Medical Office Building at Geisinger Wyoming Valley Medical Center. The five-floor outpatient specialty facility, scheduled to open for patient care on March 25, encompasses more than 165,000 square feet and will house […]
News Release: Lonza Signs Agreement to Acquire Large-Scale Biologics Site in Vacaville (US) from Roche
News Release 20 Mar 2024 – Ad Hoc announcement pursuant to Art. 53 LR Lonza has signed an agreement to acquire the Genentech manufacturing facility in Vacaville (US) from Roche for USD 1.2 billion in cash Vacaville (US) site is one of the largest biologics manufacturing facilities in the world by volume Acquisition is set […]
Cover Story: DOC-PEAK merger combines the ‘best’ REIT balance sheets
Top officers Scott Brinker and John Thomas say the deal offers ‘great upside’ By John B. Mugford and Murray W. Wolf The March 1 closing of the merger between Denver-based Healthpeak Properties Inc. and Milwaukee-based Physicians Realty Trust created a healthcare and life sciences real estate investment trust (REIT) valued at nearly $21 billion. Behind […]
News Release: McLaren Greater Lansing (Mich.) increases access to care, announces $40 million Grand Ledge freestanding emergency department, medical office building
MARCH 19, 2024 McLaren Greater Lansing, part of statewide McLaren Health Care, has announced its plans to expand further into the community, enhancing patients’ access to health care services with the construction of ambulatory care campus in Grand Ledge. The nearly $40 million construction will be anchored by a freestanding emergency department and include additional […]
Feature Story: He helped establish the HRE sector
‘Retirement’ is a misnomer for MOB monetization pioneer Todd W. Lillibridge By John B. Mugford Back in 1990, a rather young man who was involved in commercial real estate decided to form a new business focused on a niche asset class that, to that point in time, really did not exist. The rest, as they […]
News Release: Montecito acquires Wisconsin portfolio
Montecito acquires medical office portfolio in Milwaukee area Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two buildings in the Milwaukee suburb of Germantown, Wisconsin. The two adjacent properties, which encompass a total of 92,573 square feet, are 100% occupied by Advocate Aurora Health. “We are excited to acquire these two […]
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 […]