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News Release: Matan Companies Signs 198,000 SF Full-Building Lease with AstraZeneca at 700 Progress Way in Gaithersburg, MD
5 December 2023 Matan Companies, a leading real estate development and investment firm, announced today the successful execution of a full-building lease agreement with AstraZeneca, a global, science-led biopharmaceutical company, for 198,000 square feet at 700 Progress Way in Gaithersburg, Maryland. This significant lease transaction further strengthens Matan Companies’ commitment to providing high-quality, cutting-edge facilities […]
Project Case Study: A landmark rises above Orlando
Meadows & Ohly partners with AdventHealth on the 12-story Innovation Tower By John B. Mugford For healthcare real estate (HRE) firms, the chance to develop a large outpatient facility that will help a health system define its presence on a major campus might only come along once in decades, if at all. However, that is […]
News Release: Oxford Properties Breaks Ground On 165,000 Sq Ft Expansion Of Ionis Pharmaceuticals Carlsbad Campus
NEWS PROVIDED BY Oxford Properties Group Inc. 05 Dec, 2023, 11:00 ET – Build to suit development will expand Ionis’ campus footprint to over 400,000 square feet; grow Oxford’s San Diego life sciences portfolio to more than 1 million square feet – CARLSBAD, Calif., Dec. 5, 2023 /PRNewswire/ – Oxford Properties Group (“Oxford”), a leading […]
News Release: Cypress West Partners Completes Construction on Queen Creek, AZ’s First New Off Campus Medical Office Building
For Immediate Release: Queen Creek, AZ (December 4, 2023) – Cypress West Partners has completed construction on a new 22,000 square foot medical office building in the fast-growing community of Queen Creek, AZ. The building is 100 percent leased to five tenants including Action Behavior Centers, a leading applied behavior analysis (ABA) therapy for autism […]
News Release: Tampa General Hospital Completes Acquisition of Bravera Health and Introduces “TGH North”
PUBLISHED: DEC 1, 2023 TGH North Integrates Community Hospitals in Citrus and Hernando Counties with Tampa General, Extending the Reach of One of the Nation’s Leading Academic Health Systems to More Communities Across Florida. Tampa, FL (Dec. 1, 2023) –Tampa General Hospital TGH) announced today the completion of its acquisition of the Bravera Health network. […]
News Release: Newly Unveiled Verstandig Pavilion at MedStar Georgetown University Hospital Promises Continued World-Class Care in a World-Class Facility
NEWS PROVIDED BY MedStar Georgetown University Hospital 30 Nov, 2023, 19:07 ET The highly anticipated opening will make MedStar Georgetown home to the Washington, D.C., region’s most advanced healthcare facility. WASHINGTON, Nov. 30, 2023 /PRNewswire/ — MedStar Georgetown University Hospital has officially unveiled the brand new Verstandig Pavilion, which is set to open December 10, 2023. […]
Feature Story: MOB pricing has stabilized, but deals are few
InterFace panel says buyer and seller pricing expectations have narrowed By John B. Mugford Well, it seems there is both good news, albeit a somewhat small amount, and bad news – a pretty big, significant chunk of bad news, actually – concerning the current state of medical office building (MOB) investing. The good news is […]
News Release: Lilly Announces Plans to Open its First-ever Gateway Labs Site in San Diego
November 28, 2023 Scheduled to open in the first half of 2024, Lilly’s new Gateway Labs location, in partnership with Alexandria Real Estate Equities, will feature a world-class, state-of-the-art lab facility to support early-stage scientific entrepreneurs and companies INDIANAPOLIS, Nov. 28, 2023 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) today announced plans to open […]
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 & […]