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News Release: Newport Beach Plastic Surgeons Dr. Joseph Cerni and Dr. Nadir Qazi Sued for Fraud and Retention of Stolen Property by Stone LLP Client
Qazi and Cerni aided and abetted each other in unlawful scheme to withhold real estate commissions from Newport Beach real estate broker lawsuit alleges September 06, 2023 06:58 PM Eastern Daylight Time NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Karen A. Sunday & Associates Inc., a well-regarded commercial real estate broker, recently filed a multi-count lawsuit against Dr. Joseph […]
Project Case Study: A repurposing on Long Island
Rethink HRE overcame many obstacles to deliver a converted facility for NYU Langone By John B. Mugford The proposed conversion of a three-story, 54,000 square foot general office building on New York’s Long Island into a multispecialty outpatient medical facility was a project that should have gone smoothly. After all, the project brought together two […]
News Release: Diversified Healthcare Trust and Office Properties Income Trust Mutually Agree to Terminate Merger Agreement
September 01, 2023 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) and Office Properties Income Trust (Nasdaq: OPI) today announced that they have mutually agreed to terminate their previously announced merger agreement dated April 11, 2023, pursuant to which OPI had agreed to acquire all outstanding common shares of DHC. Accordingly, […]
Life Sciences: Why the Medtronic deal was a good fit for RCS
Here’s what prompted Real Capital Solutions to make its first life sciences acquisition By Murray W. Wolf As BREI reported last week, Real Capital Solutions (RCS), a Louisville, Colo.-based real estate investment and management firm, recently made its largest-ever acquisition: the $188 million purchase of the newly completed, two-building, 404,149 square foot Medtronic plc (NYSE: […]
Thought Leaders: First half 2023 medical office sales dip but show reason for optimism
August 2023 JLL Healthcare Perpectives Capital Markets One-off sales of outpatient medical show the most resilience Outpatient Medical Transaction Volume, $ billions Transactions larger than $2.5 million Source: JLL Research, Real Capital Analytics Key points: • Sales of medical properties in the first half 2023 were $3.1 billion, off by two-thirds of 2022’s hot first […]
News Release: Gov. Beshear Helps Break Ground on New OneNKY Center
By Northern Kentucky CVB on Aug. 30, 2023 COVINGTON, Ky. (Aug. 30, 2023) – Today, Gov. Andy Beshear joined local and state officials and leaders of several Northern Kentucky organizations to break ground on the new OneNKY Center in Covington. The center will join Northern Kentucky growth groups focused on business development, tourism, innovation and […]
News Release: JLL Dallas welcomes Paula Whitman as Vice President
Seasoned pharma veteran aims to strengthen healthcare and life sciences division DALLAS, Aug. 28, 2023 – JLL announced that Paula Whitman has joined the Dallas office as Vice President within the Healthcare and Life Sciences division, where she will specialize in Healthcare Brokerage. In her new role at JLL, Whitman will serve as a valued […]
For Sale: Pin Oak Park – Five-Building Value Add Medical Campus Anchored by Multiple Health Systems in Bellaire, TX
CBRE PIN OAK PARK Five-Building Value Add Medical Campus Anchored by Multiple Health Systems Memorial Hermann | Houston Methodist | Texas Children’s Hospital LAND AREA: 11.885 ACRES TOTAL SF: 505,106 OCCUPANCY: 78% WALT: 4.0 YEARS IN-PLACE NOI: $6,772,853 63% MEDICAL TENANCY (37% office) 26 MEDICAL SPECIALTIES 63 MEDICAL TENANTS CBRE U.S. Healthcare & Life Sciences […]
Feature Story: Will the ‘financing cliff’ affect HRE?
All asset classes will see distress, but healthcare probably won’t see much By John B. Mugford Nearly $72 billion in U.S. commercial real estate (CRE) was considered “distressed” as of the end of the second quarter (Q2), an increase of 15 percent versus Q1, and another $162 billion of properties were considered to be in […]
News Release: Montecito Medical Acquires Another Medical Office Property in North Carolina
UNC Physicians Network, NC (Photo: Business Wire) August 29, 2023 09:00 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired an 11,515-square-foot medical building in Chapel Hill, North Carolina. The two-story building is fully occupied and tenanted to the UNC Physicians Network—part of UNC Health — […]
News Release: Signs of progress on new Folsom (Calif.) Medical Office Building
MEDICAL CENTER August 28, 2023 By Marianne Russ Sharp Work underway on new outpatient facility, the first phase of medical campus at Hwy 50 and E. Bidwell (SACRAMENTO) If you’re driving in the area of Highway 50 and E. Bidwell Street in Folsom, you may notice new signs of progress on UC Davis Health’s planned […]
News Release: Gibson Sotheby’s International Realty Lists 250,000 SF Development in Tufts University Neighborhood
BY BECCA LOGUEPOSTED MONDAY, AUG 28, 2023 MEDFORD, MA — Gibson Sotheby’s International Realty is pleased to announce the offering of a 1.3-acre transit-oriented parcel located on Boston Avenue in Medford as an advantageous opportunity for R&D, life science and biotech developers. Located ½ mile from the Tufts University campus, Tufts Corner is a 250,000 […]
News Release: Nectar Life Sciences, the Health Technology Company Behind the First Hybrid, Vertically-Integrated Allergy Care Platform, Opens First Nectar Allergy Center in New York City
State-of-the-Art Clinic Expands Allergy Testing and Treatment from Online-Only to Hybrid With Brick and Mortar Presence, While New Medical Executives Join Company to Fortify Leadership Team August 28, 2023 08:00 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Nectar Life Sciences, the trusted health technology company behind the first hybrid, vertically-integrated allergy care platform, today announced the […]
News Release: EQ Office Appoints Merredith Treaster to Oversee Northern California Region
PRESS RELEASE Aug 25th, 2023 EQ News San Francisco-based Merredith Treaster to lead all facets of regional coverage for EQ Office EQ Office, Blackstone’s US office portfolio company, today announced it has hired Merredith Treaster as its Senior Vice President, Northern California to be based in San Francisco. In this role, Ms. Treaster will be […]
Life Sciences: RCS buys Medtronic Colorado campus for $188M
Real Capital Solutions acquires two-building, 404,159 s.f. asset near Boulder, Colo. By Murray W. Wolf Real Capital Solutions (RCS), a Louisville, Colo.-based real estate investment and management firm, announced this week that it has acquired the newly completed, two-building, 404,149 square foot life sciences campus of the global medical device company Medtronic plc (NYSE: MDT) […]