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News Release: Appointed Leasing Agent For Rodin Place At 2000 Hamilton Street
August 14, 2023 Wolf Commercial Real Estate (WCRE) is thrilled to announce that it has been appointed as the exclusive leasing agent for the prestigious Rodin Place, located at 2000 Hamilton Street in Philadelphia, Pennsylvania. Strategically nestled within the vibrant and culturally rich neighborhoods of Fairmount and the Art Museum of Philadelphia, Rodin Place stands […]
News Release: University of Texas System Regents Announce Plans to Build UT Medical Center on Site of Erwin Center
Aug 14, 2023 AUSTIN, Texas — Today The University of Texas System Board of Regents Chairman Kevin P. Eltife announced plans to launch a monumental healthcare initiative to accelerate and expand UT Austin’s burgeoning medical district into a world-class academic medical center for education, research and patient care. The University of Texas at Austin Medical […]
News Release: IRA Capital Launches Flagship $500 Million Healthcare Real Estate Fund
NEWS PROVIDED BY IRA Capital 12 Aug, 2023, 15:27 ET IRVINE, Calif., Aug, 12, 2023 /PRNewswire/ — IRA Capital (“IRA”), a leading Southern-California based private equity firm, has announced the launch of IRA Healthcare Real Estate Fund, L.P. (the “Fund”) – a $500 Million closed-end fund focused on the acquisition of medical properties and senior housing […]
News Release: New office expansion enables IRA Capital to accelerate growth
NEWS PROVIDED BY IRA Capital 11 Aug, 2023, 21:52 ET IRVINE, Calif., Aug. 11, 2023 /PRNewswire/ — IRA Capital (“IRA”), a leading private equity firm, has announced the recent relocation of its offices in Irvine to accommodate the company’s continued growth. IRA relocated to a newly constructed contemporary office totaling approximately 15,000 SF at 3121 Michelson […]
News Release: WellSpan to expand access to care in Cumberland County
August 10, 2023 As WellSpan Health continues to increase healthcare access to meet the needs of residents in the fastest growing county in Pennsylvania, the health system’s latest initiative focuses on constructing a new ambulatory surgery center and medical office building in South Middleton Township, near Carlisle. The Board of Supervisors unanimously approved the plan […]
News Release: MRA Group Acquires 40,000 Square Foot Medical Office Building in Lansdale, PA with Plans for Extensive Renovations
NEWS PROVIDED BY MRA Group 10 Aug, 2023, 11:10 ET HORSHAM, Pa., Aug. 10, 2023 /PRNewswire/ — MRA Group (MRA), a privately held real estate development and client services firm, has announced its acquisition of the former LMG Medical Building, a 40,000 square foot medical office complex situated on over 10 acres, at 1001 S. Broad […]
News Release: Astellas to Open New Life Sciences Facility in DivcoWest’s Cambridge Crossing Neighborhood
NEWS PROVIDED BY Astellas Pharma Inc. 09 Aug, 2023, 19:30 ET TOKYO and SAN FRANCISCO, Aug. 9, 2023 /PRNewswire/ — Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, “Astellas”) and DivcoWest, a DivCore Capital Company, announced today plans for Astellas to open a new state-of-the-art life sciences facility at 441 Morgan Avenue, in […]
Life Sciences: BXP reports solid Q2; plans to lean into life sciences
Boston Properties says it is well positioned for a coming rebound in tenant demand By Murray W. Wolf Boston Properties Inc. (NYSE: BXP) reported solid second quarter (Q2) financial results last Tuesday (Aug. 1), surpassing market expectations. But there was bad news, too. Executives of BXP, which is active in the office, life sciences and […]
Industry Pulse: Georgia could be the next HRE boom state, as lawmakers plan to examine CON law
In other states that have dropped, or dramatically lessened the effects of, their Certificate of Need (CON) laws, the development of hospitals, MOBs and other types of healthcare facilities has increased dramatically. One such state is Florida, where healthcare projects have soared since the state repealed significant portions of its CON law in 2019. Now, […]
News Release: Harrison Street Acquires New Medical Office Property in Escondido, California
Fully-Leased, Class-A Property is Part of Expanding Palomar Medical Center Campus CHICAGO, IL and ESCONDIDO, CA, August 8, 2023 – Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, with approximately $56 billion in assets under management, today announced the acquisition of Palomar Health Outpatient Center III, a newly […]
News Release: RTG Partners with Erlanger Health to Provide Comprehensive Real Estate Management Services for 1.6-Million-Square-Foot Portfolio
(Knoxville, TN – July 2023) Erlanger Health, Inc. (Erlanger) recently announced a partnership with Realty Trust Group (RTG), a full-service healthcare real estate advisory and services firm, to manage its 1.6-million-square-foot real estate portfolio. Based in Chattanooga, TN, Erlanger is a nationally acclaimed, six-hospital system that treats more than 600,000 people annually, with facilities spanning […]
News Release: Berkadia Adds Director To Medical & Life Sciences Platform
Minneapolis, MN – August 7, 2023 – Berkadia announced today the addition of Director Patrick Abeln to the Medical & Life Sciences platform. Abeln will be based in Minneapolis and will be focusing on debt placement and JV equity structuring. Abeln will report to Senior Managing Director – Head of Medical & Life Sciences Sabrina […]
REIT Report: Patient and prudent, not stagnant
Deals might be slow now, but Physicians Realty Trust is optimistic about the future By John B. Mugford During a time of rising interest rates, harder-to-obtain debt for acquisitions, and a larger-than-normal pricing gap between what buyers would like to pay and what sellers would like to receive, medical office building (MOB) sales have dropped […]
News Release: Preston Hollow Community Capital Completes $85 Million Bond Purchase for Mixed-Use Development in Westbrook
August 08, 2023 09:00 AM Eastern Daylight Time DALLAS–(BUSINESS WIRE)–Preston Hollow Community Capital (“PHCC”) recently announced the purchase of $85.7 million in tax-exempt revenue bonds issued by the Finance Authority of Maine (“FAME”). Proceeds from the bonds will be used to fund the development of critical public infrastructure in a 65-acre mixed-use development in Westbrook, […]
News Release: Medical Properties Trust, Inc. Reports Second Quarter Results
Per Share Net Loss of ($0.07) and Normalized FFO of $0.48 in Second Quarter August 08, 2023 08:00 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the second quarter ended June 30, 2023, as well as certain events occurring subsequent […]