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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 […]
News Release: 2023 HREI Insights Awards Finalists announced
FOR IMMEDIATE RELEASE 11th annual awards recognize excellence in HRE development and executive leadership MINNEAPOLIS, Jan. 3, 2023 – HREI is pleased to announce the finalists of the 2023 HREI Insights Awards, the first and only national awards dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership. The […]
News Release: USA Health marks opening of West Mobile (Ala.) Medical Office Building
GENERAL NEWS New medical office building expands services offered to patients at USA Health West Mobile campus. Published Jan 2nd, 2024 By Michelle Ryan mryan@health.southalabama.edu USA Health celebrated the official opening of the Medical Office Building on its West Mobile Campus on Dec. 19, 2023. The campus also is the site of a freestanding emergency […]
News Release: Senior housing portfolio in Minneapolis-St. Paul financed
JLL Capital Markets arranged the acquisition financing of three properties, totaling 321 units BOSTON, Jan. 2, 2024 – JLL Capital Markets announced today that it arranged the acquisition financing of three independent, assisted living and memory care communities in the greater Minneapolis-St. Paul MSA. JLL represented the borrower, an affiliate of The Inland Real Estate […]
Feature Story: An economic ‘soft landing?’ Unprecedented, but possible.
Economist John Chang shared his views during GlobeSt. Healthcare conference By John B. Mugford Fans of the comedy classic “Airplane” probably got a kick out of a line from the movie that economist John Chang referred to during his keynote address at the ALM/GlobeSt. Healthcare conference in Scottsdale, Ariz., in mid-December. In describing what the […]
News Release: Newmark Secures $62 Million Sale of ODCE Core Fund’s Medical Outpatient Building Portfolio
FOR IMMEDIATE RELEASE Trading the Seattle, Washington and Charlotte, North Carolina-located assets to an institutional joint venture. New York, NY (January 2, 2024) — Newmark announces it has completed the $62 million sale of Novant & MultiCare On-Campus Collection, a portfolio of three medical outpatient buildings located in Charlotte, North Carolina and Seattle, Washington. Comprising […]
News Release: Colliers facilitates the sale of a multi-tenant medical office building in West Palm Beach for $8.25M
Colliers represented the buyer and seller in the sale of the 44,870-square-foot property. WEST PALM BEACH, FL, December 31, 2023 – Colliers is pleased to announce the sale of West Palm Medical Plaza for $8.25 million. The property is located at 4700 N Congress Avenue on a 5.11-acre parcel along a major north-south thoroughfare in […]
Life Sciences: The top stories and trends of 2023
After this year’s slowdown, LSRE professionals have high hopes for 2024 By Murray W. Wolf NATIONAL – In looking back on the year in life sciences real estate (LSRE), 2023 was obviously The Year of the Slowdown. We have not yet closed the books on 2023, so we don’t have final data. But it looks […]