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News Release: Copley Hospital Breaks Ground on Medical Office Building in Waterbury
Copley Hospital broke ground yesterday on a new medical office building and clinic for Mansfield Orthopaedics, a department of Copley Hospital with locations in Morrisville and Waterbury. Scheduled to open in late summer of 2024, the 10,000-square-foot facility located a mile off VT I-89 will improve patient access, reduce wait times for much-needed orthopaedic and […]
News Release: Governor Henry McMaster Signs Certificate of Need Repeal
COLUMBIA, S.C., Oct. 3, 2023 – Governor Henry McMaster and Lieutenant Governor Pamela S. Evette today were joined by state agency leaders, members of the General Assembly, and others for a ceremonial bill signing of S. 164, Certificate of Need Repeal, which eliminates the requirement for most healthcare facilities to obtain a Certificate of Need (CON) from the […]
News Release: Loyola Medicine Burr Ridge outpatient medical center trades for $59.95M in suburban Chicago
Sila Realty Trust acquires the Class A medical property in Illinois BOSTON Oct. 3, 2023 – JLL Capital Markets announced today that it arranged the $59.95 million sale of Loyola Medicine Burr Ridge, an outpatient health center totaling 104,912 square feet in Burr Ridge, Illinois. JLL represented the seller, Healthcare Realty Trust, and procured the […]
News Release: Inspira Health Unveils Inspira Medical Center Mannington
The integration of Salem Medical Center, an affiliate of Inspira Health is now complete, marking the health system’s expansion with a fourth hospital in South Jersey by rebranding as IMC Mannington SALEM, N.J., Oct. 2, 2023 –(BUSINESS WIRE)—Inspira Health announced that the integration Salem Medical Center, an affiliate of Inspira Health, into the health […]
News Release: The Sanders Trust Breaks Ground on Inpatient Rehabilitation Hospital
Groundbreaking for 66,000-sq. ft. Facility in Youngstown, Ohio Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the recent groundbreaking for Mercy Health Youngstown Rehabilitation Hospital located in Youngstown, Ohio. The groundbreaking took place on August 31, 2023. The Sanders Trust was selected as the developer […]
News Release: First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals
RALEIGH, N.C., Oct. 2, 2023 /PRNewswire/ –– First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens’ CIT division. This effort represents another major step towards First Citizens fully integrating CIT since its 2022 merger. The First Citizens name and logo will […]
News Release: Medical Properties Trust Posts New Video Message to Shareholders
BIRMINGHAM, Ala., Oct. 2, 2023–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that a new video message to shareholders has been posted to its website. In the video, Edward K. Aldag, Jr., MPT’s Chairman, President and Chief Executive Officer, describes the Company’s business model, levers for shareholder value creation, capital […]
News Release: Flagship Healthcare Properties acquires medical office building and ambulatory surgery center in Fredericksburg, Virginia
Property is home to several esteemed medical practices CHARLOTTE, N.C., Sept. 29, 2023 — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, has acquired a Class A medical office building (MOB) and ambulatory surgery center (ASC) in Fredericksburg, Virginia. Built in 2011, the 96% leased multi-tenant property is located at 1500 Dixon Street. […]
News Release: JLL arranges $1.3B medical office loan portfolio on behalf of Synovus Financial Corp.
JLL’s Loan Sales and M&A teams led sales efforts for the medical office portfolio spanning 33 states across the U.S. NEW YORK, Sept. 19, 2023 – JLL’s Capital Markets group announced today that as exclusive advisor to Synovus Financial Corp., it worked to arrange the sale of a $1.3 billion medical office loan portfolio to Kayne […]
News Release: Survey Results: Medical Office Buildings Remain an Attractive and Stable Investment Despite Volatile Capital Markets
Executive Summary Despite significant volatility in the capital markets and operating and financial headwinds in the healthcare industry, medical office buildings (MOBs) are holding their own as attractive investment opportunities, according to our survey of a diverse range of real estate investors. The survey’s key findings include the following: Almost 90% of our survey respondents […]
News Release: Jeremy Bartz, AIA, NCARB named President of E4H Environments for Health Architecture
Jeremy brings over 22 years of experience at E4H to the role Washington, DC (September 28, 2023) – E4H Environments for Health Architecture, the leading architecture firm specializing in healthcare and health science + technology facility design, announced that Jeremy Bartz, AIA, NCARB has been appointed President. Jeremy has over 22 years of experience in […]
News Release: Sila Realty Trust, Inc. Completes Acquisition of Burr Ridge Medical Office Building for $59.95 Million
TAMPA, Fla., September 28, 2023–(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 104,912 square foot medical office building located in Burr Ridge, Illinois (the “Burr Ridge Healthcare Facility”) for $59.95 […]
News Release: Retina Consultants of Minnesota expands and relocates in St. Cloud and Blaine
Retina Consultants of Minnesota (“RCM”), an independent eye practice specializing in the medical and surgical treatment of eye disorders involving the retina, macula and vitreous, announces the expansion of two clinic locations in Blaine and St. Cloud. Both clinics are expanding due to the addition of physicians to accommodate their patients. In St. Cloud, RCM […]
News Release: McCARTHY SELECTED TO BUILD NEW STATE-OF-THE-ART HEALING FACILITY FOR SSM HEALTH’S CARDINAL GLENNON CHILDREN’S HOSPITAL
Scheduled for completion in 2027, the new hospital is to be built at Chouteau Avenue and Grand Boulevard in the St. Louis Midtown area McCarthy Building Companies, Inc., the oldest, privately held national construction firm in the U.S. and a leading national healthcare construction manager, has been selected to lead the design-build team for a […]
News Release: FLAGSHIP HEALTHCARE PROPERTIES ACQUIRES MEDICAL OFFICE BUILDING AND AMBULATORY SURGERY CENTER IN FREDERICKSBURG, VIRGINIA
CHARLOTTE, N.C., Sept. 27, 2023 — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, has acquired a Class A medical office building (MOB) and ambulatory surgery center (ASC) in Fredericksburg, Virginia. Built in 2011, the 96% leased multi-tenant property is located at 1500 Dixon Street. The building is anchored by Surgi-Center of Central Virginia, […]