News Release: Aviridi Names Real Estate Veteran Jeffrey Rutishauser as Strategic Advisor, Expands Footprint of Philadelphia Life Sciences Corridor
Former CEO of Amstar Global and co-head of AIG/Lincoln has overseen more than 13 million square feet and $10 billion of commercial development PHILADELPHIA, July 28, 2022 (GLOBE NEWSWIRE) — Philadelphia’s life science corridor is one of the top 10 life sciences research talent clusters in the United States, according to a report from CBRE, […]
News Release: Diversified Healthcare Trust Expands its Portfolio of Life Science Properties In the San Francisco Bay Area Market with $82 Million Acquisition
NEWTON, Mass., July 28, 2022–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has acquired 47071 Bayside Parkway located in Fremont, CA for $82 million, excluding closing costs, reflecting a current GAAP cap rate of 6.5% at closing. The recently renovated asset includes 89,000 rentable square feet of lab and corporate headquarters space that […]
News Release: Velocis Acquires 90k SF of Rockville Office Space in JV with Altus Realty; Plans Life Science/Lab Space Conversion
Two-Building Research Square located in the desirable Shady Grove biotech cluster ROCKVILLE, MD. – (July 27, 2022) – Velocis, a Dallas, Texas-based private equity real estate manager, acquired the two-building Research Square at 1500 & 1550 Research Blvd. in the Shady Grove submarket of Rockville, Md., in a joint venture with Arlington, Va.-based Altus Realty. […]
News Release: OrbVest Acquires 40th Street Medical Office Plaza In Phoenix, Arizona
OrbVest closed the purchase of the 41,703 square-foot office property for $8,810,711 in one of the fastest-growing metropolitan areas in the U.S. NEW YORK (PRWEB) JULY 27, 2022 — OrbVest (ORB), a global real estate company investing in income-producing medical commercial real estate in the United States, today announced they have recently closed on their purchase […]
News Release: MedProperties Realty Advisors-Principal joint venture acquires Austin, Texas, MOB with ASC
FOR IMMEDIATE RELEASE The 41,997-square-foot Medical Towers at Bee Cave II has a hospital-affiliated anchor tenant and is located in one of the most desirable, growing investment markets in the country AUSTIN and DALLAS, Texas, July 27, 2022 – MedProperties Realty Advisors and Principal Real Estate Investors have formed a joint venture (JV) and acquired […]
News Release: PMB & SCL Health Medical Group Break Ground on a 63,000 SF Medical Office Building in Billings, Mont.
FOR IMMEDIATE RELEASE This development’s new 24,000 SF clinic space will offer a new primary care, retail pharmacy and walk-in clinic that will provide expanded health services to an area of Billings that is experiencing significant growth. BILLINGS, MONT., July 26, 2022 – PMB along with SCL Health Medical Group, now Intermountain Healthcare, will officially […]
News Release: CBRE to Broker Lease New Life Science Conversion in Newark, Calif. and Expand San Francisco Bay Area Life Sciences Hub
City of Newark grants permits to Buchanan Street Partners for $12 million renovation San Jose, Calif. – July 26, 2022 – CBRE announced it will be leasing the Newark Science Center, a new life science conversion of a two-story, R&D facility. The 50,000 sq. ft. state-of-the-art life science/lab facility is located in Newark, Calif and […]
News Release: Walz Capital Acquires 13,014 Square Medical Office Building in Sale Leaseback Transaction in Affluent Atlanta Suburb
ATLANTA, GA, July 26th, 2022 – Walz Capital today announced the acquisition of Atlanta Autism Centers, making this property their fourth property acquisition in the Greater Atlanta Area this year. The newly renovated, 13,014 square foot building is located in the rapidly growing suburb of Alpharetta, GA. Atlanta Autism Center‘s services include Autism Evaluation, Pediatric […]
News Release: Alexandria Real Estate Equities, Inc. Reports: 2Q22 and 1H22 Net Income per Share – Diluted of $1.67 and $0.74, respectively; and 2Q22 and 1H22 FFO per Share – Diluted, As Adjusted, of $2.10 and $4.15, respectively
PASADENA, Calif., July 25, 2022 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the second quarter ended June 30, 2022. Alexandria Real Estate Equities, Inc. All Rights Reserved ©2022 (PRNewsfoto/Alexandria Real Estate Equities, Inc.) Alexandria Real Estate Equities, Inc. All Rights Reserved ©2022 (PRNewsfoto/Alexandria Real Estate Equities, Inc.) Alexandria […]
News Release: Suburban Laboratories Lose Luster As Life Sciences Seek Urban Settings
Suburban research laboratories face increasing competition from urban centers as proximity to talent and capital drive life science companies’ site-location choices, said Joseph Simone of Simone Development Companies. BRONX, N.Y. (PRWEB) JULY 25, 2022 — Suburban research laboratories face increasing competition from urban centers as proximity to talent and capital drive life science companies’ site-location […]
News Release: Montecito Medical Acquires Surgery Center Building in Lynchburg, VA
Company expands large and growing footprint in state FOR IMMEDIATE RELEASE July 25, 2022 Montecito Medical has completed the acquisition of a surgery center building in Lynchburg, Virginia. The Surgery Center of Lynchburg property, which offers approximately 31,600 square feet, is, 100% occupied under a long-term lease. “We are pleased to add an excellent surgery […]
News Release: MH Deschaumes Advises LaSalle on Acquisition of UMichigan Campus Adjacent MOB
Grand Rapids, Mich. — Maarten Deschaumes advised LaSalle Investment Management, a leading real estate investment management firm and independent subsidiary of Jones Lang LaSalle (NYSE: JLL), on the off-market acquisition of 1673 Gezon Parkway, Wyoming in the suburbs of Grand Rapids. The newly constructed property is 100% leased to two leading specialty healthcare providers in […]
News Release: Just Closed: Medical Plaza at Rex
RALEIGH, N.C., June 22, 2022 — Charlotte-based, Insite Properties and BentalGreenOak are pleased to announce the acquisition of the Medical Plaza at Rex, the first medical office building acquired by the new strategic partnership formed to acquire medical office and healthcare properties. The property is located at 4414 Lake Boone Trail on the UNC Rex Healthcare […]
News Release: TRANSFORMATION IS IN THE BUILDING: RENOWN SOUTH MEADOWS MEDICAL CENTER AND NEXCORE GROUP BREAK GROUND ON A NEW FREE-STANDING TOWER
The new space is part of Renown’s larger facilities enhancement project spanning all campuses July 20, 2022 (RENO, Nev.) – It is with great excitement that Renown Health and NexCore Group announce the groundbreaking of a state-of-the-art Specialty Care Center at Renown South Meadows Medical Center. This three-story building will be adjacent to the existing […]
News Release: Montecito Medical Acquires Medical Office Property in Dillon, SC
Company builds on growing presence in Southeast DILLON, S.C., July 22, 2022 — Montecito Medical has completed the acquisition of Dillon Family Medicine office property in Dillon, South Carolina. The building, which offers approximately 24,000 square feet of space, is fully occupied by Dillon Family Medicine under a long-term lease. “We are excited by the […]
