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News Release: Phase 3 Real Estate Partners, Inc. sees a downtown life science cluster forming after signing another lease at GENESIS-San Diego
JLL represents landlord in lease to AnaBios which brings the property to 50 percent leased SAN DIEGO, CALIF., March 28, 2024 – Confirming that Downtown San Diego is a growing life science cluster, Phase 3 Real Estate Partners, Inc. has proudly announced its newest lease with AnaBios within the highly coveted GENESIS-San Diego. This cutting-edge, […]
News Release: Hospital acquisitions met with celebration, excitement
Ribbon-cutting ceremony at UCI Health ― Fountain Valley marks historic moment March 28, 2024 IN THE NEWS: This week, UCI Health celebrated the acquisition of four medical centers and their associated outpatient locations. The purchase will enable Orange County’s only academic health system to build on its commitment to improve health in communities by expanding […]
News Release: Froedtert ThedaCare Health, Inc. Breaks Ground on New Health Campus in Oshkosh (wis.)
March 26, 2024 Oshkosh, Wis. — The combined health system of Froedtert ThedaCare Health, Inc. is announcing the groundbreaking of a new health campus in Oshkosh. The planned campus aims to expand convenient access to care for those living in Northeast and Central Wisconsin. As of Jan. 1, 2024, Froedtert Health and ThedaCare finalized the […]
News Release: Governor McKee Hosts Topping Off Ceremony for 150 Richmond
Published on Tuesday, March 26, 2024 PROVIDENCE, RI – Governor Dan McKee was joined today by numerous dignitaries in the I-195 District for a topping off and beam signing ceremony at 150 Richmond—a 7-story, 212,000-square-foot building to be anchored by PVD Labs and the Rhode Island Department of Health (RIDOH) State Health Laboratories. “Today’s milestone […]
News Release: Remedy Medical Properties and Kayne Anderson Real Estate Break Ground on New Lynchburg (Va.) Medical Office Building for Centra
The 130,000-square-foot medical office building will increase access to quality healthcare in Lynchburg LYNCHBURG, VA and CHICAGO, March 26, 2024 – Remedy Medical Properties and its partner Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, broke ground on March 20 for the Centra Langhorne Medical Center, a new 130,000-square-foot […]
Feature Story: Rising rates, costs catch up with the MOB development market
Revista report shows project starts fell 38.8%; also lists the largest developers of 2023 By John B. Mugford Although 2022 was generally considered to be a tough year for healthcare real estate (HRE) developers – the result of rising construction costs and inflation – the amount of medical outpatient building (MOB) space started or completed […]
News Release: Atkins Companies Collaborates with Renowned Surgeons to Bring Luxury Plastic Surgery Center to New York City
New York City, N.Y. (March 26, 2024) – Atkins Companies, a leading multigenerational commercial real estate development, investment, and property management firm, and renowned plastic surgeons, Dr. Oren Tepper, Dr. Evan Garfein and Dr. Arthur Perry announce the opening of Greenwich Street 497, a luxury aesthetics and plastic surgery center, located at 497 Greenwich Street […]
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 […]
