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News Release: JLL arranges $230M financing for Somerville life sciences development
15 McGrath Highway will be a 262,000 SF, state-of-the-art building designed to meet the needs of the growing Greater Boston-area life sciences market BOSTON, August 15, 2022 – JLL Capital Markets announced today that it has arranged a $230 million construction loan for the development of 15 McGrath Highway, a speculative life sciences development totaling […]
News Release: WakeMed Announces Plans to Create Greater Access to Mental Health and Medical Access
RALEIGH, N.C. (August 15, 2022) – Today, WakeMed is filing two certificates of need (CON) with the state of North Carolina to build a 150-bed mental health hospital and a 45-bed acute care hospital. “These projects reflect our community-wide commitment to provide area individuals and families with greater access to the right health care in the […]
News Release: Breakthrough to Utilize its Expertise in Lab Development and Operations to Support Boulder’s Burgeoning Yet Underserved Biotech Community
BOULDER, Colo., Aug. 11, 2022 /PRNewswire/ — Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced it has acquired a 9.3-acre, four-building campus in Boulder, CO, which will be transformed into “Boulder 38 by Breakthrough” featuring 164,000-square-feet of office, lab […]
News Release: AP Tops Out Oasis Behavioral Health Hospital
CHANDLER, Ariz., Aug. 12, 2022 — Adolfson & Peterson Construction (AP), a national, family-owned construction management and contracting company, recently topped out Oasis Behavioral Health Hospital (OBHH), officially marking the construction’s midpoint. “AP recognizes the ongoing mental health crisis and its impact on the nation and construction industry. There’s an increased need for mental health […]
News Release: Medical office building in northern New Jersey trades
JLL Capital Markets led the sales effort for the 95%-leased Patriot Plaza in Hackettstown, NJ MORRISTOWN, N.J., August 11, 2022 – JLL Capital Markets announced today that it has closed the sale of Patriot Plaza, a 65,658-square-foot, multi-tenanted medical office building in Hackettstown, New Jersey. JLL represented the seller, a private company, in the sale […]
News Release: Broadstone Net Lease Provides Update on Q3 2022 Acquisitions Activity
ROCHESTER, N.Y.–(BUSINESS WIRE)–Broadstone Net Lease, Inc. (NYSE: BNL), (“BNL”), continues to build and evaluate a robust pipeline of potential investment opportunities predominantly focused on industrial, healthcare, restaurant, and retail asset classes. Today, BNL provided an update on third quarter acquisitions activity. Subsequent to the quarter ended June 30, 2022, we closed an additional $80.2 million […]
News Release: PMB & UChicago Medicine break ground on $121 million multispecialty care facility in Crown Point, Indiana
This new 130,000 SF multispecialty care center and micro-hospital in Northwest Indiana will be the largest off-site facility for the academic health system. CROWN POINT, Ind., Aug. 10, 2022 /PRNewswire/ — PMB along with The University of Chicago Medicine broke ground on a new two-story, 130,000-square-foot multispecialty care center and micro-hospital in Northwest Indiana for […]
News Release: Catalent to Acquire Metrics Contract Services for $475M
Expands high-potent capabilities and oral development and manufacturing capacity. Catalent, Inc. has reached an agreement to acquire Metrics Contract Services, a full-service specialty contract development and manufacturing organization (CDMO) with a facility in Greenville, NC, for $475 million from Mayne Pharma Group Limited. The acquisition will strengthen Catalent’s capabilities in integrated oral solid formulation development, […]
News Release: BGL Healthcare Real Estate Medical Office Market Update Q2 2022
The BGL Medical Office Market Update is a quarterly research publication highlighting national medical office building transactions and industry trends within the medical office building real estate market. Medical office transactions slowed in Q2 2022 compared to Q2 2021 levels. Year-over-year transaction volume dropped to $2.94 billion from $3.28 billion, a 10.4% decrease. Even though […]
News Release: Upcoming Midtown BioCenter Fully Leased to Morrisville-Based Life Sciences Company
Raleigh, NC – August 9, 2022 – CBRE|Raleigh is pleased to join East West Partners in announcing Morrisville-based TARGAN has leased the entire building at Midtown BioCenter located at the intersection of Six Forks Road and Wake Forest Road in Raleigh, NC. The research/R&D company will expand its operations into the 100,000 square foot former […]
News Release: Westmount Realty Capital Announces the Acquisition of Industrial Portfolio in Minneapolis
MINNEAPOLIS – August 9, 2022 – Westmount Realty Capital announced today the purchase of the West Tech Industrial Portfolio, a 316,752-square-foot portfolio consisting of five office/warehouse buildings in the western and southwestern suburbs of Minneapolis. The portfolio is strategically located within the Twin Cities Medical Alley and Golden Triangle. Spanning 126,936 square feet, the Class […]
News Release: Montecito Medical Acquires Four-Building Medical Office Portfolio
Louisville, Elizabethtown, Bardstown, KY and New Albany, IN, Aug. 9, 2022 — Montecito Medical has completed the acquisition of a four-building medical office portfolio in northern Kentucky and southern Indiana. The four properties, all 100% leased to Kentucky / Indiana Foot and Ankle Specialists, have a combined total of approximately 24,800 square feet. The four clinic […]
News Release: Newmark Arranges Sale of Net-Leased Medical Office Building in Los Angeles’ Eagle Rock Neighborhood for $18.25 Million
Los Angeles, Calif., Aug. 9, 2022 — Newmark[1] announces the sale of a single-tenant net-leased medical office building in the Eagle Rock neighborhood of Los Angeles, California. Leased by Adventist Health Glendale since 2003, the critical outpatient facility is located one mile from Adventist Health Glendale hospital. Newmark Vice Chairmen Sean Fulp and Bill Bauman, Executive […]
News Release: NYC’s Technology Sector Attracts Venture Capitalists and Spurs New Real Estate Leasing
The New York City region’s burgeoning technology and life sciences sectors are attracting increasing interest from venture capitalists who are leasing new office space to be closer to innovation hubs, says Joseph Simone of Simone Development Companies. BRONX, N.Y. (PRWEB) AUGUST 08, 2022 — The New York City region’s burgeoning technology and life sciences sectors […]
News Release: $153,500,000 Disposition of a 244,508 square foot healthcare campus located in Great Falls, Montana
Aug. 5, 2022 Transaction Overview Kaufman Hall and Associates, LLC (“Kaufman Hall”) was selected as an exclusive financial advisor to Physicians Realty Trust (“DocREIT”) related to the disposition of the 244,508 square foot healthcare campus (“Campus”) located in Great Falls, Montana. The Campus is master leased to a publicly-traded healthcare operator on a long-term, absolute […]