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News Release: Montecito Medical Acquires Two Medical Properties in Greater NYC Area
FOR IMMEDIATE RELEASE June 19, 2023 Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office properties in northern New Jersey. The fully leased buildings in Livingston and New Providence, New Jersey, offer more than 131,000 combined square feet of space. Summit Health is the anchor tenant […]
News Release: Montecito Medical Acquires Another Medical Office Property in Virginia
June 19th 2023 Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 20,724-square-foot medical office property in Harrisonburg, Virginia. The two-story building, which includes an outpatient surgical suite, is tenanted by Hess Orthopaedic Center and Sports Medicine. “We are thrilled to acquire this outstanding medical property and to enter into a […]
News Release: Montecito Medical Acquires Medical Office Property in Murray, KY
FOR IMMEDIATE RELEASE June 19, 2023 Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 24,900-square-foot medical office property in Murray, KY. Village Medical Primary Care is the anchor tenant for the property, which is 100% leased. “We are very pleased to add with this outstanding medical office […]
News Release: CBRE Arranges Full-Building Lease for Life Sciences Company in Boulder, Colorado
New supply helping to alleviate historical supply-demand imbalance in Boulder’s life sciences sector June 16, 2023 CBRE announced that CordenPharma has leased the entirety of a recently renovated life sciences property in Boulder, Colorado. The company will occupy 61,117 sq. ft. across both floors at 2300 55th Street. Blake Harris with CBRE represented the building’s […]
News Release: Sila Realty Trust, Inc. Completes Acquisition of West Palm Beach Medical Office Building for $9.85 Million
June 16, 2023 10:23 AM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. (the “Company”), a net lease real estate investment trust focused on investing in high quality healthcare properties across the continuum of care, today announced the acquisition of a 25,150 square foot medical office building located in West Palm Beach, Florida (the […]
News Release: Land & Buildings Issues White Paper Detailing Impact of Work From Home Trend On Life Science Office Market
Analysis Shows Employee Attendance in Life Science Buildings with a Combination of Laboratory and Office Space Down 50% Compared to Pre-Pandemic Levels – On Par With Traditional Office Buildings Following an In-Depth Analysis of Alexandria Real Estate Equities’ Portfolio, Land & Buildings Predicts Shares Could See ~30-40% Downside From Current Levels June 16, 2023 08:00 […]
News Release: Transwestern Tapped To Lease 316,698 SF for Pinecroft
Assignment Comprised of Four Medical Office Buildings June 15, 2023 HOUSTON – Transwestern Real Estate Services (TRS) announces it has been named the exclusive leasing agent for a portfolio of four medical office buildings totaling 316,698 square feet in Sugar Land and South Houston. Transwestern’s Justin Davis, Christian Connell and Justin Brasell will provide best-in-class […]
News Release: The S. Hekemian Group lands financing to develop Valley Hospital Surgery Center at “the District”
JLL Capital Markets led financing efforts for the District Building 4 development in Montvale, New Jersey MORRISTOWN, N.J., June 15, 2023 – JLL Capital Markets announced today that it has arranged construction financing and mezzanine equity for the District Building 4, a three-story, mixed-use building totaling 25,000 square feet of ground-floor retail space and 58,372 […]
News Release: Alloy Properties acquires portfolio of life science assets in Cambridge and Waltham (Mass.)
June 14, 2023 Alloy Properties Acquires Best-In-Class Life Science Assets in Cambridge and Waltham Acquisition marks entry into the top global life science market of Cambridge; brings life science platform’s footprint in Boston to 1.8 million square feet Dallas – June 14, 2023 – Alloy Properties (“Alloy”), a national life science and innovation platform backed […]
News Release: MedProperties Realty Advisors acquires 61,660-square-foot medical office building near Houston
FOR IMMEDIATE RELEASE The newly constructed, Class A Medical Center of Tomball is located in a suburb of fast-growing, prosperous Houston, one of the top five largest U.S. metropolitan markets TOMBALL and DALLAS, Texas, June 14, 2023 – MedProperties Realty Advisors has acquired the 61,660-square-foot, Class A Medical Center of Tomball, located within the fast-growing […]
News Release: Just Closed! Connecticut Coast Portfolio
NEWMARK HEALTHCARE CAPITAL MARKETS CLOSING ANNOUNCEMENT 81% LEASED, VALUE-ADD MOB PORTFOLIO CONNECTICUT COAST PORTFOLIO WESTBROOK, STRATFORD & NEW LONDON | JUNE 2023 Newmark’s Healthcare Capital Markets Group announces the sale of the Connecticut Coast Portfolio, a 78,348 square foot, three-property medical office building portfolio. The portfolio is 81% occupied, nearly 90% Of which is leased […]
News Release: ESI Arranges the Sale of an Assisted Living and Memory Care Community in San Antonio, Texas
PRESS RELEASE San Antonio, Texas – June 13, 2023 – Evans Senior Investments (ESI) seals the deal on the sale of Sodalis at Stone Oak, an assisted living and memory care community in San Antonio, Texas. Sodalis at Stone Oak, a class-A property constructed in 2017, features 42 assisted living and 21 memory care units. […]
Transaction Case Study: Second-chance deal gives Atkins an opportunity
Value-add MOB includes medical conversion; Avison Young was the broker By John B. Mugford Due to rising interest rates and the tight lending market, getting deals done in today’s market can be challenging in any commercial real estate (CRE) asset class – even the ever-resilient healthcare real estate (HRE) sector. As a result, the investors […]
Companies & People: Q&A with CBRE’s Chris Bodnar, BlackBirch’s Dan McNulty
A new partnership between the firms is already working on deals By John B. Mugford Last week, HREI™ reported that six months or so after officially leaving CBRE Group Inc. (NYSE: CBRE), Chris Bodnar, a long-time, well-known healthcare real estate (HRE) facilities broker, has returned to the company in a new but somewhat related role. […]
News Release: ProKidney plans to invest up to $485 million and create as many as 330 jobs in Greensboro
TUESDAY, JUNE 13, 2023 – 00:00 RALEIGH, N.C. ProKidney, Corp., a late clinical-stage cellular therapeutics company focused on chronic kidney disease (CKD), will be establishing a new biomanufacturing facility in Guilford County, potentially creating up to 330 jobs, Governor Roy Cooper announced today. ProKidney, Corp., a late clinical-stage cellular therapeutics company focused on chronic kidney […]