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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 […]
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 […]
