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News Release: MassBio Breaks Ground on 4,000-Square-Foot ‘Bioversity’ Workforce Training Center in Dorchester
JUL 25, 2023 Inaugural workforce training facility to develop new career pathways for residents entering life sciences industry BOSTON, MA (July 25, 2023) – MassBio today celebrated the official groundbreaking of Bioversity‘s first workforce training center at Southline Boston in Dorchester with community partners, key funders, city and state leaders, and project developers in attendance. […]
Cover Story: ‘Side business’ grows up
Pinecroft Realty restructures as its HRE business expands By John B. Mugford For starting out as a side business of an energy trader back in 2003, The Woodlands, Texas-based Pinecroft Realty has done rather nicely in the healthcare real estate (HRE) sector. The full-service commercial real estate firm, which focuses on HRE development, also acquires, […]
Feature Story: First-half MOB sales volume drops drastically
Revista provides Q2 market update; lender says cap rates are now in the 6-6.5% range By John B. Mugford It goes without saying that nearly everyone involved in the medical office building (MOB) sector suspected that the sales volume is off to quite a slow start in 2023. Even so, the depths to which the […]
News Release: Phoenix Children’s Building New 44,000-Square Foot Level IV Neonatal Intensive Care Unit
New NICU Part of Ongoing Phoenix Children’s Hospital — Thomas Campus Expansion PHOENIX [July 25, 2023] – Phoenix Children’s, one of the nation’s fastest-growing pediatric health systems, today announced the construction of a new 44,000-square-foot neonatal intensive care unit (NICU), slated to open next year at Phoenix Children’s Hospital — Thomas Campus. The new space, […]
News Release: Rethink Healthcare Real Estate celebrates the opening of three properties in Jacksonville, Florida
Rethink partnered with Rendina Healthcare Real Estate on behalf of Intuitive Health and University of Florida Health System to deliver the properties. JACKSONVILLE, FL., and WHITE PLAINS, NY., July 25, 2023 – Rethink Healthcare Real Estate (“Rethink”), the White Plains and New York City based investment management firm (fka Seavest Healthcare Properties), announced the opening […]
News Release: Montecito Medical Acquires Specialized Medical Property in Tennessee
Montecito Medical Acquires Specialized Medical Property in Tennessee Montecito Medical, a leading acquirer of medical office properties nationwide, has partnered with Sable Investments to acquire a medical facility in Franklin, TN, that is home to one of the most advanced cancer treatment devices in the nation. The Tennessee Oncology Proton Center, which represents a total […]
News Release: Alexandria Real Estate Equities, Inc. Reports: 2Q23 and 1H23 Net Income per Share – Diluted of $0.51 and $0.95, respectively; and 2Q23 and 1H23 FFO per Share – Diluted, As Adjusted, of $2.24 and $4.43, respectively
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 24 Jul, 2023, 16:10 ET PASADENA, Calif., July 24, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the second quarter ended June 30, 2023. Key highlights Operating results 2Q23 2Q22 1H23 1H22 Total revenues: In millions $ 713.9 $ 643.8 $ 1,414.7 $ […]
News Release: Just Closed – CHM Stilson Specialty Center
Capital Markets | Healthcare & Life Sciences Just Closed Class A Outpatient Medical Building Anchored by Children’s Hospital of Michigan CBRE Transaction Highlights Date Closed: 7/19/2023 Size: 50,265 SF Occupancy: 86% CHM Stilson Specialty Center | Clinton Township, MI CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of CHM […]
News Release: HPM Hires Senior Project Manager As Firm Expands Life Sciences Footprint
Chandler Creel brings decades of experience overseeing facility shutdowns and construction projects for pharmaceutical and life sciences companies Birmingham, Ala. (July 24, 2023) – Birmingham-based program management firm, HPM announces hiring Chandler Creel as Senior Project Manager, expanding the firm’s capabilities in the pharmaceutical and life sciences industries. Chandler joined HPM’s Atlanta office and is overseeing […]
News Release: H2C Leads Monetization Of 19-Property Blood Plasma Collection Facility Portfolio
H2C CLIENT TRANSACTIONS July 2023 NEW YORK — H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory firm, served as the exclusive advisor to Collection Center Property Company, LLC (“CCPC”) on the monetization of a 19-property portfolio of blood plasma collection centers located across 13 states (“Portfolio”). In a transaction led by H2C Executive Director Matthew […]
News Release: Cincinnati Children’s to build research pavilion in Avondale
Site to be new home for Vaccine Research Center as well as Biobank and freezer archive Monday, July 24, 2023 Cincinnati Children’s will build a research pavilion in Avondale that will serve as the new home of the Gamble Vaccine Research Center, the Discover Together Biobank and a freezer archive used for long-term cold storage […]
News Release: Meridian Names Julissa Tellez Buchwald as Vice President, Business 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 Julissa Tellez Buchwald as Vice President of Business Development. “We are very excited to welcome Julissa Tellez Buchwald to the Meridian team,” said Meridian CEO Mike Conn. […]
News Release: Vitalis advised Woodside Health on their most recent acquisition in Humble, TX
Humble, TX (July 20, 2023) Vitalis advised Woodside Health on the acquisition of a 37,208-square-foot medical-retail building located at 9701 N Sam Houston Parkway in Humble, TX. Woodside purchased the asset for an undisclosed price from a private investor represented by Rycore Capital. The property is located in Park Lakes Landing shopping center near major […]
Life Sciences: A Q&A with King Street’s Michael DiMinico
Firm’s managing director/partner discusses development, leasing and the LSRE market BOSTON – King Street Properties is one of the world’s largest private owner/operators of life science real estate (LSRE). The Boston-based LSRE investment and development firm has 3 million square feet under ownership and management, and 4.5 million square feet in development, with assets in […]
News Release: Healthcare M&A Volume Jumps in Q2:23, According to Acquisition Data from LevinPro HC
Health care merger and acquisition activity increased nearly 10% in the second quarter of 2023, hitting 696 deals, according to new acquisition data from LevinPro HC. Activity in the second quarter was 8% higher than in the first quarter, when 646 transactions were announced. However, it is a drop of 7% compared with activity in […]