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News Release: Stage Equity Partners Affiliate Acquires Two-Building Medical Office Portfolio in Libertyville
P R E S S R E L E A S E Plans Aggressive Marketing/Leasing Effort For Prominent Well-Located Buildings LIBERTYVILLE, IL (November 27, 2023)—An affiliate of Stage Equity Partners LLC has acquired the two-building, 91,818-square-foot Hollister Medical Office Portfolio in north suburban Libertyville from Hollister Incorporated, an international medical supply manufacturer, which has […]
Cover Story: Helping those who help the patients
Realty Trust Group focuses on providing independent, strategic HRE advice By John B. Mugford An interesting thing to note about Realty Trust Group (RTG), the longtime healthcare real estate (HRE) firm based out of Knoxville, Tenn., is that “trust” is right in its name, which, of course, was by design. “We do have ‘trust’ in […]
Life Sciences: What’s behind BXP’s big life sciences asset sale?
Why did Boston Properties sell 45 percent of two plum projects in Cambridge, Mass.? By Murray W. Wolf In what might go down as the largest life sciences real estate (LSRE) transaction of the year, Boston Properties Inc. (NYSE: BXP) announced last Tuesday (Nov. 14) that it has agreed to sell a 45 percent interest […]
News Release: Hammes Healthcare and OhioHealth break ground on new Women’s Center at Riverside Methodist Hospital
FOR IMMEDIATE RELEASE: Milwaukee, WI, November 21, 2023 – Hammes Healthcare, a leading provider of consulting and project delivery services, will be serving as OhioHealth’s project manager for the new Women’s Center that broke ground last month. The new OhioHealth Women’s Center will be a standalone facility located on the OhioHealth Riverside Methodist Hospital campus […]
News Release: University of Maryland, Baltimore Receives Landmark Funding to Create New Innovation Hub in West Baltimore and the Region
November 21, 2023 | Deborah Kotz UM School of Medicine Faculty Leading the Way in Attracting Life Sciences Start-Up Companies, Building a Diverse Workforce University of Maryland, Baltimore (UMB) President Bruce Jarrell, MD, FACS, and University of Maryland School of Medicine (UMSOM) Dean Mark Gladwin, MD, announced today that the university has received a four-year, […]
Transactions: Remedy-Kayne make $70.7M purchase in Chicago suburb
The orthopedics-focused MOB in Oak Brook, Ill., is home to Rush University Medical Center By John B. Mugford In one of just a handful or so of single-asset, medical office building (MOB) sales to top $70 million during the slow-transaction year of 2023, the long-standing joint venture (JV) partnership of Chicago-based Remedy Medical Properties and […]
News Release: Echo Real Estate Capital, Inc. Acquires Carmel, Indiana Medical Office Building
FOR IMMEDIATE RELEASE Chicago, IL (November 2023) – Echo Real Estate Capital, Inc. (“Echo”) announces it has acquired Three Penn Mark, a 33,000 square foot medical office building located in the Penn Mark Plaza office park in Carmel, Indiana. This latest acquisition, located at 11455 N Meridian Street, is occupied by Ascension-St. Vincent, Turkle & […]
News Release: Thorofare Capital Provides $125.9 Million Senior Mortgage Loan for Mid-Atlantic Medical Facility Portfolio
FOR IMMEDIATE RELEASE Los Angeles, CA, November 20, 2023 – Thorofare Capital, Inc. (“Thorofare” or the “Company”), an affiliate of asset management platform Callodine Group, LLC (“Callodine Group”), today announced it closed $125.9 million in financing for eight Class-A clinical medical facilities totaling more than 705,000 square feet located in the Greater Washington, D.C. Capital […]
News Release: MedStar Medical Group Expands at 810 Bestgate Road in Annapolis with Nearly 20,000 Square Foot Lease
Press Releases November 20, 2023 St. John Properties’ speculatively built medical office building is now 100% leased. BALTIMORE, MD – MedStar Medical Group, the largest healthcare network in the Maryland and Washington, D.C. region, has signed a lease with St. John Properties, Inc. for 19,739 square feet of space within 810 Bestgate Road, a four-story, […]
News Release: Diversified Healthcare Trust Appoints Christopher Bilotto as President and Chief Executive Officer Effective January 1, 2024
NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024. Mr. Bilotto is an Executive Vice President of The RMR Group (Nasdaq: RMR), overseeing portfolio management for all office, industrial and retail properties managed by RMR and hotel and senior living […]
News Release: McHugh Construction Completes 5-Story Howard Brown Health Halsted on Chicago’s North Side
FOR IMMEDIATE RELEASE: CHICAGO (Nov. 16, 2023) — Chicago-based McHugh Construction today announced it has completed the construction of a new five-story healthcare facility and medical office at 3501 N. Halsted St. for Howard Brown, the Midwest’s largest LGBTQ healthcare organization in the city’s Lakeview neighborhood. The new federally qualified health center, which offers primary […]
News Release: Seattle’s Newest Life Sciences Building 222 Fifth Tops Out
Seattle, WA November 15, 2023 Members of the project’s general contractor, MEP, and supporting builders stand atop 222 Fifth. The Seattle Space Needle is in the background CBRE today announced that 222 Fifth, a 10-story, 197,919 square foot life sciences facility in South Lake Union has topped out. In a ceremony held on November 9th, […]
News Release: Remedy Medical Properties and Kayne Anderson Real Estate Acquire RUSH Oak Brook Medical Center
The 93,386-square-foot, Class-A+ medical center is located in the affluent western suburbs of Chicago CHICAGO, November 15, 2023 – Joint venture partners Remedy Medical Properties and Kayne Anderson Real Estate announced the acquisition of the 93,386-square-foot, LEED Gold-certified RUSH Oak Brook Medical Center in the Chicago suburb of Oak Brook. The three-story medical office building […]
News Release: Hoffman & Associates and Experience Senior Living Announce The Reserve at Falls Church, A Dynamic Senior Community Coming to West Falls
NEWS PROVIDED BY Experience Senior Living 14 Nov, 2023, 12:00 ET Today, Hoffman & Associates, a nationally-recognized leader in mixed-use and residential development, and Experience Senior Living (ESL), a full-service, vertically integrated senior living owner, developer and operator, announced that the 200+ unit, 15-story senior living community at West Falls, will be called The Reserve […]
Feature Story: Some bright spots remain in HRE development
InterFace panelists say clients in growing markets see the need for new facilities By John B. Mugford With interest rates and construction costs on the rise, some health systems and other providers have put planned development projects on the back burner, hopefully temporarily. On the other hand, many systems and perhaps larger physician groups that […]
