admin
News Release: Fennelly Associates Negotiates $11 Million Medical Office Portfolio Sale
April 12, 2023 Completed transactions mark the conclusion of 33-year relationship between the firm and Neuman family Hamilton, N.J. (April 12, 2023) – Fennelly Associates announces the $8M sale of 3575 Quakerbridge Road, a 59,000-square-foot medical office building in Hamilton, N.J. and the $3.1M sale of 72,500 square feet of medical office condos at White […]
News Release: Cross Region Group Breaks Ground On Duval Station
Medical and retail center coming soon to North Jacksonville JACKSONVILLE, Fla. (April 12, 2023) – Cross Regions Group, a multifaceted company specializing in commercial real estate services, proudly announces construction is underway at Duval Station, a mixed-use development offering more than 100,000 square feet of professional and medical offices and retail space on 9 acres […]
News Release: Barings Closes Inaugural Innovation and Growth Real Estate Fund at $680 Million
Latest fundraise expands Barings’ $13.1+ billion* U.S. real estate equity platform April 12, 2023 12:00 PM Eastern Daylight Time CHARLOTTE, N.C.–(BUSINESS WIRE)–Barings, one of the world’s largest diversified real estate investment managers, today announced the successful close of its inaugural Barings Innovation and Growth Real Estate Fund (“BIG”) and associated vehicles at $680 million, surpassing […]
News Release: Pinecroft Realty announces executive leadership transition
The Woodlands, Texas, April 12, 2023 – Pinecroft Realty, a boutique commercial real estate company specializing in healthcare real estate development and investment, announces the promotion of Jim Pisula to President and Chief Executive Officer. He previously served as Chief Investment Officer and Partner and for the past 15 years played a leading role in […]
People: Five questions for Erik Tellefson of Capital One
Firm’s HRE lending unit leader discusses the economy, interest rates, loan volume and more By Murray W. Wolf HREI learned last week that one of the healthcare real estate (HRE) industry’s best-known professionals, Erik Tellefson of Capital One, was recently named to an expanded role as senior managing director, head of HRE Lending. Mr. Tellefson […]
News release: Newly renovated 411 N. Washington (Dallas) experiences surge in new healthcare tenants
Transwestern Provides Leasing Services for Former Landry Tower (APRIL. 12, 2023 – DALLAS) – Transwestern Real Estate Services (TRS) announces the recently renovated and rebranded 411 N. Washington Ave., formerly known as Landry Tower, leased more than 50,000 square feet in recent months, with four new tenants committing to the building. Notable leases and expansions […]
News Release: Alexandria Real Estate Equities, Inc. Closes Strategic Partial Interest Transaction for 15 Necco Street in the Seaport Innovation District of Greater Boston
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Apr 12, 2023, 08:30 ET PASADENA, Calif., April 12, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science, agtech and advanced technology campuses in AAA innovation cluster locations with an asset base in […]
News Release: GI Partners Announces Acquisition of 12800 Culver Boulevard for its Essential Tech + Science Fund
NEWS PROVIDED BY GI Partners Apr 12, 2023, 07:30 ET The “ETS Fund” acquires and operates data centers, life sciences labs, and “Always On” technical operations and research facilities SCOTTSDALE, Ariz., April 12, 2023 /PRNewswire/ — GI Partners, a leading private alternatives investment firm, has announced the acquisition of 12800 Culver Boulevard in Los Angeles, […]
News Release: American Healthcare REIT Announces Retirement of Three Independent Directors in Connection with Board Refreshment
NEWS PROVIDED BY American Healthcare REIT, Inc. Apr 11, 2023, 14:18 ET IRVINE, Calif., April 11, 2023 /PRNewswire/ — American Healthcare REIT, Inc. (the “Company”), a self-managed, publicly registered, real estate investment trust, announced today that independent directors Harold (“Hal”) H. Greene, Gerald (“Bill”) W. Robinson and J. Grayson Sanders will retire from the Company’s […]
News Release: Mori Trust Acquires Partial Interest in Overseas Life Science Development Project for the First Time 15 Necco Street, Boston, Massachusetts Joint venture for laboratory and office development
April 12, 2023 MORI TRUST CO., LTD Mori Trust Co., Ltd. (Head Office: Minato-ku, Tokyo; President: Miwako Date) hereby announces that on April 12, 2023 (U.S. local time: April 11), it has acquired a partial interest in a laboratory and office development project located in Boston, USA, through its U.S. subsidiary MORI America LLC. Mori […]
News Release: Flagship Healthcare Properties acquires MOB and ASC in Jackson, Tennessee
Property is anchored by the area’s leading gastroenterology clinic CHARLOTTE, N.C. — Flagship Healthcare Properties (Flagship), a Charlotte-based outpatient healthcare real estate firm, has acquired a Class A, 100% leased medical office building (MOB) and ambulatory surgery center (ASC) in Jackson, Tennessee. The 14,445-square-foot building is located at 9 Physicians Drive and is anchored by […]
News Release: H2C Advises Summit Development on monetization of Westchester medical office building
NEW YORK — H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory firm, served as advisor to Summit Development LLC (“Ownership”) on the monetization of The Medical Offices at Chappaqua Crossing (the “Property”). In a transaction led by H2C Executive Director Matthew Tarpley, the Property sold for $40.0 Million. The ±490,000-square foot Property, which originally served […]
News Release: Meridian Medical Technologies, a Kindeva Drug Delivery Company, Investing $100+ Million in Bridgeton, Missouri, Expansion
April 11, 2023 09:00 AM Eastern Daylight Time ST. LOUIS & ST. PAUL, Minn.–(BUSINESS WIRE)–Meridian Medical Technologies, a Kindeva Drug Delivery Company, a leading global contract development and manufacturing organization (CDMO) focused on drug-device combination products, announced today, during National Community Development Week, it will expand manufacturing capabilities in Bridgeton, Missouri — investing more than […]
News Release: Office Properties Income Trust and Diversified Healthcare Trust Announce Agreement to Merge in All-Share Transaction
Creates a Diversified REIT with a Broad Portfolio, Defensive Tenant Base and Strong Growth Potential Gains Access to an Attractive Portfolio of Medical Office and Life Science Properties and Provides Access to National, Private Pay Senior Living Communities Benefitting from Strategic Turnaround Expected to be Accretive to OPI Normalized Funds from Operations (NFFO) and Cash […]
News Release: Diversified Healthcare Trust and Office Properties Income Trust Announce Agreement to Merge in All-Share Transaction
Creates a Diversified REIT with a Broad Portfolio, Defensive Tenant Base and Strong Growth Potential Ensures Immediate Debt Covenant Compliance, Enhances Access to Capital and Financial Flexibility to Execute the SHOP Recovery and Capital Plan, and Enables the Refinancing of 2024 Debt Maturities DHC Shareholders to Receive 0.147 Shares of OPI Common Stock for Each […]