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News Release: Verséa Health, Inc. expansion to a larger facility in Tampa (FL)
May 8, 2023 by Natasha Svast We are pleased to announce our expansion to a larger facility and our plan to add 40 new jobs over the next 2-3 years. The new facility that we leased in downtown Tampa at 401 S. Florida Avenue has more than 14,000 square feet. It provides enough space for […]
Life Sciences: Ventas sees encouraging Q1 same-store growth for LSRE
Occupancy and NOI fell, but there’s more to the data than meets the eye, REIT officials say By Murray W. Wolf CHICAGO – During the past two weeks, BREI has taken a look at the first quarter (Q1) 2023 earnings reports from five of the top 10 owners of life sciences real estate (LSRE). In […]
News Release: Anchor Health Properties Executes on Significant Atlanta Area Off Market Transaction of a 40,000 Square Foot MOB & Announces Phase II 40,000 Square Foot MOB Development
FOR IMMEDIATE RELEASE May 10, 2023 (Atlanta, GA) Among the largest, non-health system owners of medical office buildings in the Atlanta MSA, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, continues its growth across the market with the recent closing of an […]
Feature Story: Are providers suffering from whiplash?
BOMA panel discusses how they are coping with sudden changes By John B. Mugford As health systems struggle financially, with costs of providing care rising and government reimbursements not nearly keeping up, their operating margins continue to decline. According to a report by Chicago-based Kaufman Hall, a healthcare and education consulting and research firm, more […]
News Release: Ryan Partners with C. S. McCrossan to Develop Minnesota Science and Technology Center
MAPLE GROVE, MN ( MAY 09, 2023 ) For more than 60 years, a 100-acre site located in the Maple Grove, Minn. served as a source of high-quality aggregate used by C. S. McCrossan in the construction of many of the Twin Cities’ largest road and infrastructure projects. Now, this site has a new purpose. […]
News Release: Cushman & Wakefield Welcomes Tyler Morss As Director For Healthcare Capital Markets Team
5/9/2023 New York, NY – Cushman & Wakefield announced today that the real estate services firm has appointed Tyler Morss as a Director within the firm’s Healthcare Capital Markets Team. Morss will oversee equity, debt & structured finance solutions for healthcare real estate investors, developers and occupiers nationwide. Morss will be based out of the […]
News Release: Medical Services Building On Mclaren Health Care Campus Within The University Health Park Named After Hall Of Fame Coach Tom Izzo, His Wife Lupe, And Their Family
Naming of the medical services building recognizes the Izzo family’s commitment to the community. MAY 09, 2023 Gillespie Group announced the name of their Medical Services Building, opening June 2023 in the University Health Park, today as the “Izzo Family Medical Center” named after Michigan State University’s Basketball Coach Tom Izzo, his wife Lupe, and […]
News Release: Cushman & Wakefield’s Healthcare Capital Markets Team Sells Multi-Tenant Medical Office Building in Chandler, AZ for $6.5MM
For Immediate Release Out-of-State Private Investor Acquires Fully Leased, Two-Tenant Asset in Phoenix Metro CHANDLER, Ariz. – May 9, 2023 – Cushman & Wakefield announced the firm has brokered the sale of a two-tenant medical office building located at 2394 N Alma School Rd in Chandler (Phoenix), Arizona. Consisting of approximately 10,446 rentable square feet, […]
News Release: Healthcare Realty Trust Reports Results for the First Quarter (2023)
May 09, 2023 06:45 ET | Source: Healthcare Realty Trust Incorporated NASHVILLE, Tenn., May 09, 2023 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) today announced results for the first quarter ended March 31, 2023. The Company reported net loss attributable to common stockholders of $87.1 million, or $0.23 per diluted common share, for the quarter ended […]
News Release: Diversified Healthcare Trust Announces First Quarter 2023 Results
May 08, 2023 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended March 31, 2023, which can be found at the Quarterly Reports section of DHC’s website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. A conference call to discuss DHC’s first quarter 2023 financial results will be held on Tuesday, […]
News Release: D2 Capital Advisors Arranges $130,000,000 Construction Financing for Center City Trophy Life Science Development in Philadelphia, PA
NEWS PROVIDED BY D2 Capital Advisors May 08, 2023, 09:42 ET PHILADELPHIA, May 8, 2023 /PRNewswire/ — D2 Capital Advisors arranged $130,000,000 in construction financing for the development of 2300 Market Street, a 223,000 square foot state-of-the-art life science project in Philadelphia’s Center City West submarket being developed by Breakthrough Properties, a leading global developer of […]
News Release: Montecito Medical Acquires Medical Office Portfolio in Indiana
Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a five-building medical portfolio in Elkhart, IN. The buildings, which represent approximately 124,000 square feet, are 100% occupied by the Elkhart Clinic. “We are thrilled to add these medical office assets to our portfolio and for the opportunity to build […]
News Release: Partners Real Estate arranges sale of 49,320-sq.-ft. medical office building in Mission, Texas
Mission, TX, May 5, 2023 – Partners Real Estate (“Partners”), one of the largest independent commercial real estate firms in Texas, arranged the sale of a 49,320-sq.-ft. medical office building located at 909 Business Park Drive in Mission, Texas. Partners’ Gustavo Torres represented the seller, MMP Development, in the transaction. Alex Wenzel of Sands Investment […]
News Release: Master Lease Restructuring for the Acquisition of Five Leased Acute-Care Hospitals Located in Greater Salt Lake City, Utah
THE UNDERSIGNED SERVED AS FINANCIAL ADVISOR Transaction Overview Kaufman Hall & Associates, LLC (“Kaufman Hall”) was selected as the exclusive buy-side M&A and Real Estate advisor to Centura Health (“Centura”), a subsidiary of CommonSpirit Health (“CommonSpirit”, and collectively with Centura, the “Client”), related to the acquisition of a five-hospital regional health system located across the […]
Life Sciences: Office REITs are leaning in to life sciences
Firms are focusing on LSRE as the traditional office sector struggles NATIONWIDE – Diversified real estate investment trusts (REITs) are placing a greater emphasis on life sciences real estate (LSRE) these days as the traditional office sector struggles. As first quarter (Q1) earnings reports continue to be released, it is growing increasingly apparent that LSRE […]