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News Release: Davis Healthcare Real Estate Enters San Antonio Market and, Immediately Adds Scale with Acquisition of 73,390 SF, University of Texas Occupied Outpatient Medical Facility
PRESS RELEASE MINNEAPOLIS (January 16, 2024)–Davis Healthcare Real Estate has completed the acquisition of the two-story, UT (University of Texas) Health & Wellness Center in San Antonio, TX which allows the real estate investment firm to expand its holdings in a dynamic, growth-oriented market. The building was acquired by Davis Medical Investors, LLC (DMI, LLC), […]
News Release: Ramsey County Board Approves Purchase and Sale Agreement with Ryan Companies for 40-acre parcel at Rice Creek Commons
Arden Hills, Minn. (Jan. 16, 2024) – The Ramsey County Board of Commissioners voted unanimously to approve a $12.7 million purchase and sale agreement with Ryan Companies US, Inc. for “Outlot A,” a 40-acre parcel adjacent to Rice Creek Commons in Arden Hills, formerly the Twin Cities Army Ammunition Plant (TCAAP). Outlot A is zoned […]
Feature Story: A modest move toward monetizations
Some providers are becoming a bit more receptive, GlobeSt conference panelists say By Murray W. Wolf Healthcare real estate (HRE) professionals have been exhorting hospital and health system executives to monetize non-core real estate assets for at least as long as Healthcare Real Estate Insights (HREI) has been published – 21-plus years – and probably […]
News Release: AEI Capital Acquires Florida Healthcare Properties for $18.75 Million for Next DST Offering
The properties are occupied by an affiliate of Orlando Health, located in Zephyrhills, Florida NEWS PROVIDED BY AEI CAPITAL CORPORATION Jan 17, 2024 Saint Paul, MN. January 2, 2024 — AEI Capital Corporation completed the acquisition of two healthcare properties located in Zephyrhills, Florida. Zephyrhills is a northeastern suburb of Tampa Bay and is considered […]
News Release: On-campus medical property sells for $13.5M
JLL Capital Markets facilitates the sale and the $10.1M acquisition financing of Thunderbird Medical Pavilion PHOENIX, Jan. 17, 2024 – JLL Capital Markets announced today that it arranged the $13.5 million sale and the $10.1 million acquisition financing for a mission-critical, on-campus medical property, Thunderbird Medical Pavilion, totalling 92,811 square feet. The property is located […]
News Release: Hudson Pacific and Macerich Complete $700 Million Sale of One Westside and Westside Two
January 03, 2024 02:46 PM Eastern Standard Time LOS ANGELES–(BUSINESS WIRE)–Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, and Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of major retail and mixed-use properties in top markets, today announced the sale […]
Life Sciences: NYC developer proposes world’s tallest lab tower
The 37-story, 650,000 s.f. ‘vertical campus’ would be built near Hudson Yards By Murray W. Wolf NEW YORK – On Nov. 2, the architecture firm SGA posted to its social media accounts a concept for a 37-story, 650,000 square foot lab building to be developed on the west side of Manhattan. The eye-popping posts stated, […]
News Release: Healthpeak Properties Enters into a New $236 Million Joint Venture with Breakthrough Properties on the Callan Ridge Lab Campus in Torrey Pines
January 10, 2024 04:15 PM Eastern Standard Time DENVER–(BUSINESS WIRE)–Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak”), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, today announced that it has formed a new strategic joint venture with Breakthrough Properties (“Breakthrough”) through a sale of a 65% interest in Healthpeak’s fully leased […]
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 […]