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News Release: Breakthrough Properties Acquires Majority Interest in Callan Ridge, A Newly-Constructed, Fully-Leased Life Science Campus in Torrey Pines
JANUARY 10, 2024 The Acquisition, Via a Strategic Joint Venture with Healthpeak Properties, Further Accelerates Breakthrough’s Growth in Premier Biotech Hubs San Diego, CA (January 10, 2024) – Breakthrough Properties (“Breakthrough”), a leading global life sciences real estate developer, today announced it has acquired a majority interest in Callan Ridge, a two-building Class A life […]
News Release: CBRE 2024 US Life Sciences Outlook: Wave of Lab-Construction Completions Will Boost Vacancy, But Drug Pipeline and Federal Funding Hint at Upside
Press Release FOR IMMEDIATE RELEASE Three markets claim three quarters of lab-construction completions in 2024: Boston, San Francisco, San Diego Dallas – Jan. 10, 2024 – The U.S. life sciences real estate market faces multiple challenges this year, though the sector’s resilience is underscored by factors including increased federal funding, a growing pipeline of approved […]
News Release: Rendina Healthcare Real Estate Acquires Wellington Medical Arts Pavilion III
WELLINGTON, Fla., Jan. 9, 2024 /PRNewswire/ — Rendina Healthcare Real Estate (Rendina) is proud to announce its recent acquisition of the Wellington Medical Arts Pavilion III, a 48,000 square foot, four-story Class-A medical building strategically situated on the Wellington Regional Medical Center (WRMC) campus, a Universal Health Services (UHS) hospital, in Wellington, Florida. Rendina Healthcare […]
News Release: The Residence at Valley Farm in Ashland, MA recapitalized
JLL Capital Markets led recapitalization efforts for LCB Senior Living, LLC Community BOSTON, Jan. 9, 2024 – JLL Capital Markets announced today that it arranged the successful recapitalization transaction of the Residence at Valley Farm, a senior living community owned by Bridge Investment Group and LCB Senior Living, LLC. JLL represented the seller, Bridge Investment […]
Feature Story: Finding development opportunities in a tough market
GlobeSt panelists say they are staying busy despite a challenging environment By John B. Mugford The current healthcare real estate (HRE) development market is a bit of an enigma. The number of medical office building (MOB) projects under construction remained somewhat steady from 2022 and into 2023. Yet the total square footage started nationwide during […]
News Release: Newmark Arranges Joint Venture Between Altera and Virtus for Acquisition of Medical Outpatient Portfolio in Tucson, AZ
FOR IMMEDIATE RELEASE New York, NY, Jan. 9, 2024 — Newmark announces the placement of joint venture equity for the acquisition of a four-property medical outpatient portfolio located throughout Tucson, AZ. Newmark was engaged by Dallas-based Altera Fund Advisors, which acquired the portfolio through a newly-formed joint venture with Austin-based Virtus Real Estate Capital. Newmark […]
News Release: CareTrust REIT Acquires Southern California Assisted Living Facility in Joint Venture Investment
January 09, 2024 06:01 AM Eastern Standard Time SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired The Villas at San Bernardino, a 78-unit assisted living and memory care facility located in San Bernardino, California. In connection with its acquisition of the facility, CareTrust and a third-party regional healthcare real estate […]
News Release: Healthcare Realty Trust Announces $338 Million of Fourth Quarter 2023 Asset Sales
January 08, 2024 17:00 ET NASHVILLE, Tenn., Jan. 08, 2024 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) today announced the completion of $338 million of asset sales during the fourth quarter of 2023 bringing full year additional dispositions to $656 million at an average cap rate of 6.6%. The full year additional dispositions resulted […]
News Release: LTC Completes Brookdale Portfolio Transaction
— Three New Master Leases; Net Proceeds of $23 Million; Anticipated Net Gain of $17 Million Related to Property Sales; Full Rent Replaced — January 08, 2024 05:00 PM Eastern Standard Time WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that invests in seniors housing and […]
News Release: BGL Announces the Real Estate Sale of the Asheboro Dermatology & Skin Surgery Center
January 8, 2024 Brown Gibbons Lang & Company (BGL) is pleased to announce the real estate sale of the Dermatology & Skin Surgery Center of North Carolina, totaling approximately 6,746 rentable square feet in Asheboro, North Carolina, to TM Medical Properties, LLC. BGL’s Healthcare Real Estate Investment team served as consultants to the seller in […]
News Release: Anchor Health Properties Marks Opening of 8,000 Square Foot Ambulatory Surgery Center in Palm Beach Gardens, Florida
FOR IMMEDIATE RELEASE January 9, 2024 (Palm Beach Gardens, FL) Focused on maximizing strategic value in the company’s owned and managed portfolio while enhancing access to patient-centric care, Anchor Health Properties (Anchor), a national, full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, recently completed an 8,017 square foot ambulatory […]
News Release: Simone Development Announces Acquisition Office Building in the Heart of the North Yonkers Medical Mile
133,768-Square-Foot, Four-Story Property to be Repurposed Into State-of-the-Art Medical Space YONKERS, NY (January 4, 2024) — In a major medical redevelopment that will enhance the “Medical Mile” in North Yonkers, Simone Development Companies has acquired One Executive Boulevard, a 133,768-square-foot, 4-story office building located within 1/4 mile of 879,426 square feet of existing medical office […]
News Release: BioMed Realty Strengthens Leadership Team with Key Officer Promotions
PRESS RELEASE January 4, 2024 SAN DIEGO – January 5, 2024 – BioMed Realty (the “Company”), a leading provider of real estate solutions to the life science and technology industries, announced today the promotions of Tracy Letchworth, Ed McDonald and Kevin Vu to the role of Vice President. These promotions are a testament to the […]
News Release: XBiotech to Begin Constructing New R&D Facility on its 48-acre Campus
January 04, 2024 09:00 ET Source: XBiotech Inc. AUSTIN, Texas, Jan. 04, 2024 (GLOBE NEWSWIRE) — XBiotech Inc. today announced that it plans to expand it’s campus headquarters with the construction of a new, state-of-the-art research and development facility. XBiotech has received City of Austin approval to begin excavation for site preparation and groundwork is […]
News Release: UCLA acquires L.A.’s former Westside Pavilion to transform empty mall into the UCLA Research Park
UNIVERSITY NEWS With the acquisition, UCLA will create an engine of innovation, discovery and economic growth for Southern California and beyond. UCLA Newsroom | January 3, 2024 Key takeaways The UCLA Research Park will occupy the former mall site, a 700,000-square-foot property 2 miles from the Westwood campus. The research park will house the California […]
