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News Release: TCC and CBRE IM Break Ground on 234K-SF Life Sciences Development in Redwood City, California
REDWOOD CITY, CA July 20, 2023 Trammell Crow Company (TCC), a global commercial real estate developer, and JV partner CBRE Investment Management, on behalf of a separate account client, broke ground on a 234,000-square-foot life sciences development in Redwood City, California. Located at 200 Twin Dolphin Drive, the Class A facility is slated to deliver […]
News Release: Cincinnati Children’s plans medical building in Eastgate
Site will feature surgery, specialty clinics, urgent care Tuesday, July 18, 2023 A rendering of Cincinnati Children’s Eastgate. The Cincinnati Children’s Eastgate medical building in Clermont County will be on Ivy Pointe Boulevard off Interstate 275 and Ohio 32. Cincinnati Children’s plans to construct a medical building that will include an outpatient surgery center, specialty […]
People & Companies: Remembering Bob Rosenthal, an HRE ‘pioneer’
Founder and longtime president of PMB passed away on July 3 at the age of 91 By John B. Mugford As far as Mark Toothacre is concerned, the most influential and positive person in his life has been his wife, Alice, to whom he has been married 34 years. Next on the list is Robert […]
News Release: Geisinger Behavioral Health Center Northeast Celebrates Grand Opening in Moosic (Pa.)
July 17, 2023 05:40 PM Eastern Daylight Time MOOSIC, Pa.–(BUSINESS WIRE)–Geisinger Behavioral Health Center Northeast held a ribbon cutting ceremony today to mark the completion of construction and celebrate the joint venture between Geisinger and Acadia Healthcare. The 96-bed facility will provide care for adult, pediatric and adolescent patients who struggle with acute symptoms of […]
News Release: Anchor Health Properties Furthers Atlanta MSA Footprint with Significant Investment in a Nearly 92,000 Square Foot Class A MOB
FOR IMMEDIATE RELEASE July 17, 2023 (Atlanta, GA) Continuing to expand the company’s nearly one million square foot owned and managed portfolio in Georgia, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, recently closed on a three story, 91,940 square foot Class […]
News Release: Two Life Science Innovators Expand Within TCC’s Fulton Labs Portfolio in Chicago
CHICAGO, IL CZ Biohub Chicago and Portal Innovations Signed Deals at 400 N. Aberdeen to Grow their Footprints within the Fulton Labs Campus July 17, 2023 Trammell Crow Company (TCC), a global commercial real estate developer, announced that two tenants at Fulton Labs, the firm’s 725,000-square-foot, two-building life science campus in Chicago, signed leases to […]
Life Sciences: Despite ‘growing pains,’ fundamentals remain strong
IMN panel discusses ‘flight to quality,’ ‘sad labs,’ changing office-lab ratios and more By Murray W. Wolf About one year ago, a group of life sciences real estate (LSRE) experts gathered in San Diego noted that, due to the economic climate – which, at the time, included high inflation, rising interest rates and other factors […]
News Release: LVHN Plans Gilbertsville Hospital to Boost Access to Quality Care
NEWS ANNOUNCEMENT Acute care facility fills need in tri-county region By Brian Downs July 13, 2023 Lehigh Valley Health Network (LVHN) has started construction on a new hospital in Gilbertsville, Montgomery County to help meet increasing demand for accessible, convenient ER and inpatient care. Lehigh Valley Hospital (LVH)–Gilbertsville, LVHN’s first in Montgomery County, is expected […]
News Release: Newmark Names Elizabeth Berthelette, CRE, as Head of National Life Science Research
July 12th, 2023 1:00pm CAPITAL MARKETS LIFE SCIENCE CAPITAL MARKETS BOSTON July 12, 2023 1:00 PM Newmark announces Elizabeth Berthelette, CRE, has been promoted, expanding her oversight from Head of Northeast Research to encompass the newly created Head of National Life Science Research role. Reporting to Executive Managing Director of National Research Jonathan Mazur, Berthelette […]
News Release: MilliporeSigma Invests $25 Million to Expand Cell Culture Media Production in Kansas
NEWS RELEASE Lenexa, Kansas facility becomes company’s largest dry powder cell culture media facility and Center of Excellence in North America Boosts capabilities with additional 98,000 sq ft of manufacturing and redesigned lab space Investment to bring 60 jobs to Kansas City area Burlington, MA, July 12, 2023 – MilliporeSigma, the U.S. and Canada Life […]
News Release: Assisted living and memory care community sells in Tulsa suburb
JLL Capital Markets arranges the sale of Prairie House in Oklahoma DALLAS, Jul. 11, 2023 – JLL Capital Markets announced today that it has arranged the sale of Prairie House, a 105-unit assisted living and memory care community located in the growing Tulsa suburb of Broken Arrow, Oklahoma. JLL represented the seller, Prevarian Senior Living, […]
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 […]