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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 […]
News Release: Welltower Issues Business Update
NEWS PROVIDED BY Welltower 13 Nov, 2023, 16:05 ET TOLEDO, Ohio, Nov. 13, 2023 /PRNewswire/ — Welltower® Inc. (NYSE: WELL) has issued the following business update which can be found at: https://welltower.com/november2023-business-update About Welltower Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The […]
Life Sciences: Employment and funding showing hopeful signs
Revista webcast suggests that leading indicators are promising for LSRE NATIONWIDE – Faced with a challenging life sciences real estate (LSRE) market with no clear end in sight, it’s understandable that many industry professionals are worried – especially Millennials who haven’t been through this kind of slowdown before. Fortunately, both history and hard data suggest […]
News Release: Anticipation Builds as Fuse at Mason Square Reaches Major Construction Milestone
November 9, 2023 ARLINGTON, Virginia – On Friday, November 3, George Mason University, development consortium Mason Innovation Partners, and contractor Clark Construction Group brought together university researchers, faculty, staff, industry leaders, and project partners to commemorate the achievement of a major construction milestone – the building’s structural topping out. The day-long celebration began withan event […]
News Release: Ascential Technologies Facilitates Reshoring in Medical & Life Science Manufacturing with New State-of-the-Art Facility
NEWS PROVIDED BY Ascential Technologies 08 Nov, 2023, 09:00 ET Opening of Blaine, MN facility follows White House designation of Minnesota as MedTech Hub, ribbon cutting on November 20 GRAND RAPIDS, Mich., Nov. 8, 2023 /PRNewswire/ — To help customers revitalize global supply chains through reshoring, Ascential Technologies today announced an expansion of its capabilities […]
News Release: Avison Young represents Virginia Hospital Center in purchase of 145,000-SF office property
NOVEMBER 7, 2023 3601 Eisenhower Avenue will serve as outpatient surgery center and office space Tysons, VA – Today Avison Young announced the closing of 3601 Eisenhower Avenue in Alexandria, VA on behalf of the buyer, Virginia Hospital Center (VHC). VHC intends to use the approximately 145,000-square-foot (sf) office property as an outpatient surgery center […]
Feature Story: Post-pandemic growth prospects
Providers at Colliers conference talk about hardship and strategies By John B. Mugford Coming out of the COVID-19 pandemic has been difficult for health systems and providers of all types, with growth taking a back seat to survival. “If you look back at the 2020 to 2022 timeframe, it was kind of slow for us […]
Life Sciences: ‘Increasing demand’ and ‘vast opportunities’
Alexandria executives conveyed upbeat messages during their Q3 earnings call By Murray W. Wolf PASADENA, Calif. – Despite “a de facto recession,” a “self-inflicted inflationary and high interest rate environment” and “too much stupid supply,” particularly in the South San Francisco market, the nation’s largest owner of life sciences real estate (LSRE) says concerns about […]