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News Release: Meridian Names Michael Arvin as Managing Director, Strategy & Development
WALNUT CREEK, Calif. – Meridian, a full-service real estate developer and investor specializing in high-quality, brand-enhancing healthcare and life science developments, is pleased to announce the addition of Michael Arvin to the team as Managing Director, Strategy & Development. Arvin brings over 25-plus years of healthcare executive experience to Meridian and will provide strategic advisory […]
News Release: Sendero Capital and Angelo Gordon complete first MOB acquisition as part of their programmatic joint venture
JLL Capital Markets advised the two firms on the acquisition of the mission critical healthcare facility in Hamden, Connecticut BOSTON, Jul. 12, 2023 – JLL Capital Markets announced today that it advised on the acquisition of 1952 Whitney Ave., a 53,120-square-foot medical office building in Hamden, Connecticut. JLL represented Sendero Capital and Angelo Gordon, who […]
Companies & People: Bob Rosenthal, founder of PMB, dies at 91
A true industry ‘pioneer,’ he started focusing on designing, developing MOBs in the 1960s SAN DIEGO – It is with great sadness that HREI must report the passing of one of the HRE sector’s true pioneers and innovators, Bob Rosenthal, the founder of longtime HRE development and investment firm Pacific Medical Buildings, now known as […]
Transactions: What’s happening with MOB sales?
James A. Schmid III of Anchor Health Properties discusses the market By John B. Mugford Anytime you want straight answers about the current state of the medical office building (MOB) sector, especially in terms of acquisitions, a good person to ask is James A. Schmid III, the chief investment officer and managing partner with long-time […]
News Release: Anchor Health Properties Celebrates Completion of the New
July 11, 2023 Ground Up, 48,500 Square Foot Bayhealth Total Care (Media, PA) Dedicated to pursuing better healthcare through real estate solutions, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, recently celebrated the project completion of Bayhealth Total Care, a new 48,500 […]
News Release: Vitalis Acquires 109,000 SF MOB/Clinical Research Facility in San Antonio for $179 / SF.
Vitalis closed on a 109,000 SF specialty facility located in San Antonio, TX for $179 PSF. Greenway Park is 100% leased and anchored by Worldwide Clinical and WellMed (Optum) on long term leases. Worldwide Clinical Trials (WWCT) is a leading global Contract Research Organization (CRO) that conducts clinical trials for pharmaceutical and biotechnology companies. Since […]
Life Sciences: Five questions for Longfellow CEO Adam Sichol
Co-founder discusses the state of the market, current projects and future plans BOSTON – Perhaps not surprisingly, given their ready access to capital, the four largest owners of life sciences real estate (LSRE) are publicly traded real estate investment trusts (REITs), namely Alexandria Real Estate Equities Inc. (NYSE:ARE), the BioMed Realty unit of Blackstone Inc. […]
Feature Story: Systems still approving projects, but with more scrutiny
Executives at InterFace discuss the challenges of preserving capital while still growing By John B. Mugford The moderator of a recent panel session exploring the outlook for hospitals and health systems, including their plans for their real estate, cut right to chase. The first question that Gordon Soderlund, executive VP of strategic relationships with Charlotte-based […]
News Release: Alexandria Real Estate Equities, Inc. Announces Closing of Its Amended Line of Credit for Additional Commitments of $1 Billion
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 29 Jun, 2023, 08:30 ET Alexandria’s banking syndicate continues to support the company’s world-class brand, differentiated business model and Labspace® market dominance Increase in commitments available under its unsecured senior line of credit to $5.0 billion further bolsters Alexandria’s already impressive liquidity PASADENA, Calif., June 29, 2023 […]
News Release: Remedy Medical Properties and Medical Facilities Holdings complete Physician Surgical Network MOB/ ASC near San Antonio
PSN has moved into the new 59,741-square-foot medical office building and ambulatory surgery center in Westover Hills, Texas and begun performing surgeries WESTOVER HILLS, Texas, and CHICAGO, June 28, 2023 – Chicago-based Remedy Medical Properties and its development partner San Antonio-based Medical Facilities Holdings (MFH) announced that they have completed a new 59,741-square-foot medical office […]
News Release: Alexandria Real Estate Equities, Inc.’s Pioneering, Foundational and Highly Amenitized Over 2 Million RSF Mega Campus in Greater Boston’s Fenway Solidifies Its Dominance in the New Collaborative Life Science Submarket
421 Park Drive (pictured above left) at the Alexandria Center® for Life Science – Fenway mega campus. Courtesy of Alexandria Real Estate Equities, Inc. (PRNewsfoto/Alexandria Real Estate Equities, Inc.) NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 28 Jun, 2023, 08:30 ET Alexandria announces sale to Boston Children’s Hospital of property that will constitute 268,000 […]
Feature Story: Developers need to ‘add value’
InterFace Carolinas panelists say higher costs have changed the game By John B. Mugford According to statistics, healthcare real estate (HRE) development is on the rise throughout the country. As noted in the “What’s Trending?” feature at the bottom of this edition of the HREI™ weekly e-newsletter, a recent report from the U.S. Healthcare & […]
News Release: Vitalis Acquires Ardent Health Cardio Facility in Tulsa
Vitalis acquired a 45,556 square foot outpatient facility in Tulsa, OK, strategically located less than a mile from Hillcrest Hospital South. The building is fully leased by three tenants, Oklahoma Heart Institute, Hillcrest HealthCare System and Lifestance Health. Oklahoma Heart Institute and Hillcrest HealthCare were acquired by Ardent Health in the early 2000’s and comprise […]
News Release: Vitalis Acquires Vein Center in Jacksonville, FL.
Vitalis acquired St. John’s Interventional and Vascular Institute located at 8767 Perimeter Park Blvd in Jacksonville, FL. The 10,647 SF building is 100% occupied by St. John’s Vein Center on a long term NNN lease and serves as the practice’s flagship location. The state-of-the-art vascular catheterization laboratory is the only AIC-accredited vein center and vascular […]
News Release: Avison Young completes $15.45M sale of Plantation Medical Office Park, a six-building, single-story medical office campus in Plantation, Florida
For Immediate Release Monday, June 26, 2023 Florida Capital Markets Group continues to secure strong pricing for assets amid market challenges PLANTATION, FLA. – Avison Young’s Florida Capital Markets Group completed the $15,450,000 sale of Plantation Medical Office Park, a six-building, single-story medical office campus totaling 63,319 square feet at 6710-6834 West Sunrise Blvd. in […]