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Feature Story: Q1 MOB sales plunge to near historic low of $1.4B
But occupancy rates in the top metros have hit a new high, Revista says By John B. Mugford Medical office building (MOB) sales in the first three months of the year dropped to the lowest first quarter volume for any year since 2014. But such a statistic does not necessarily reflect the overall strength of […]
News Release: Topping-Off Ceremony Marks New Phase and Mission of St. Vincent Health Sciences Center
April 25, 2023 On a bright, sun-splashed morning at St. John’s University’s Queens, NY, campus, the final piece of steel in the construction of the innovative St. Vincent Health Sciences Center was hoisted three stories above a cheering crowd. Gathered to witness the milestone event on April 25 were an eclectic mix of clergy, Trustees, […]
Companies & People: Five questions for Mike Conn of Meridian
Firm’s longtime chief development officer, now CEO, talks about the firm’s plans and success, the HRE sector, and the man he’s succeeding at the helm, John Pollock By John B. Mugford Ever since Walnut Creek, Calif.-based Meridian was founded in 1999, it has been known as quite an innovator in the healthcare real estate (HRE) […]
News Release: Breakthrough Properties Unveils Plans for Vitrum by Breakthrough In Cambridge’s (U.K.) Most Advanced Life Sciences Environment
NEWS PROVIDED BY Breakthrough Properties Apr 25, 2023, 10:42 ET Renowned Global Architecture Firm Henning Larsen Has Designed the Innovative UK Facility in St John’s Innovation Park CAMBRIDGE, England, April 25, 2023 /PRNewswire/ — Breakthrough Properties, a leading global life sciences real estate developer, today unveiled development plans for Vitrum by Breakthrough, a world-class research […]
News Release: New construction, Class A, medical office building sells for $48.5 million in Phoenix
JLL Capital Markets facilitated the sale of Banner Health Center Plus at The Grove PHOENIX, April 24, 2023 – Virtus Real Estate Capital (“Virtus”) announced that it has acquired the Banner Health Center Plus at The Grove, a 70,000-square-foot medical office building along Phoenix’s Camelback Corridor, for $48.5 million. JLL represented the seller in the […]
News Release: Anchor Health Properties Expands Denver MSA Footprint with a 36,000 Class A MOB Acquisition
FOR IMMEDIATE RELEASE April 24, 2023 (Denver, CO) Expanding the company’s owned and managed portfolio in the Denver MSA, 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 stabilized, two story, 36,541 square foot Class A medical office building […]
News Release: Alexandria Real Estate Equities, Inc. Reports: 1Q23 Net Income per Share – Diluted of $0.44; and 1Q23 FFO per Share – Diluted, As Adjusted, of $2.19
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Apr 24, 2023, 16:10 ET PASADENA, Calif., April 24, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the first quarter ended March 31, 2023. Key highlights Operating results 1Q23 1Q22 Total revenues: In millions $ 700.8 $ 615.1 Growth 13.9 % Net income (loss) […]
News Release: Stonemont Financial Group Acquires Two Oncology Centers in Georgia
Located in Lake Oconee and Hawksinville, the two medical office buildings continue growth of Stonemont’s healthcare platform nationwide ATLANTA (April 24, 2023) – Stonemont Financial Group, a private real estate investment firm specializing in industrial development, healthcare real estate, and net lease investments, announced today that it closed on the acquisition of two oncology centers […]
News Release: Three Healthcare Real Estate Professionals Launch Capital Healthcare Properties and Form Partnership with HSG Medical to Develop and Acquire Medical Office Buildings
P R E S S R E L E A S E CHICAGO (April 24, 2023)—Three experienced commercial real estate professionals serving a niche in the national medical office building (MOB) sector have formed Capital Healthcare Properties to address the needs of leading healthcare systems, physician groups and specialty providers. Daniel Ahlering, Jack Sullivan […]
News Release: Just Closed – Dry Creek Medical Campus
Capital Markets | Healthcare & Life Sciences Just Closed Trophy Medical Office Portfolio Anchored by SCA Health Ortho & Spine ASC in the Denver MSA CBRE Transaction Highlights Date Closed: 4/12/2023 Size: 68,195 SF Occupancy: 100% Dry Creek Medical Campus | Englewood, CO CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce […]
News Release: Bulfinch’s Leasing Activity Grows In Needham (Mass.)
BOSTON, MA – April 20, 2023 117 Kendrick Street Welcomes New and Expanded Tenants in Needham Crossing An affiliate of The Bulfinch Companies, Inc. (Bulfinch), a commercial real estate and investment firm, today announces multiple new leases at 117 Kendrick Street along with tenants executing expansions and extensions at the property. The property has seen […]
News Release: Brandywine Realty Trust Announces First Quarter (2023) Results
April 19, 2023 16:30 ET | Source: Brandywine Realty Trust PHILADELPHIA, April 19, 2023 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2023. Management Comments “During the first quarter, we made excellent progress on our 2023 business plan highlighted by achieving 71% of our […]
Feature Story: Surprising strength
Development surpassed pre-pandemic levels in 2022 By Murray W. Wolf The year 2022 was a challenging one for healthcare real estate (HRE) developers. Steadily rising construction costs and inflation made construction more expensive. Rising interest rates also made debt more expensive – or unavailable altogether as some lenders “put down their pencils” for a time. […]
News Release: McCarthy Building Companies Breaks Ground for Extensive Expansion and Renovation for Saint Luke’s East Ambulatory Surgery Center (Lee’s Summit, Mo.)
Highlight is the 62,000-square-foot vertical addition above existing facility April 18, 2023, Lee’s Summit, Mo. – McCarthy Building Companies in Kansas City recently broke ground on the 113,913-square-foot expansion and renovation of Saint Luke’s East Ambulatory Surgery Center in Lee’s Summit, Missouri. The ambulatory surgery center was founded in 2006 to meet the growing needs […]
News Release: Elliott Bay Acquires MOB in Jackson, Michigan
SEATTLE — A partnership of Seattle-based Elliott Bay Capital Trust (“Elliott Bay”) and Pantheon has announced the acquisition of a medical office building in Jackson, MI leased to a leading health system providing specialty services. Elliott Bay and Pantheon established a joint venture to acquire healthcare properties across the U.S in February 2023. The property […]