News Release: Industrial building in San Diego receives $27.4M in financing
JLL Capital Markets led financing efforts for the acquisition and reposition of the soon-to-be life science building in the North County submarket SAN DIEGO, May 9, 2022 – JLL Capital Markets announced today that it has arranged $27.4 million in financing for the acquisition and repositioning of 2065 Thibodo Rd., a 76,872-square-foot industrial building in […]
News Release: $215M refinancing arranged for mixed-use portfolio in Pennsylvania and Maryland
JLL Capital Markets secured financing for the 30-property retail, medical office and office portfolio on behalf of Paramount Realty NEW YORK, N.Y., May 4, 2022 – JLL Capital Markets announced today that it has arranged $215 million for the refinancing of a 30-property portfolio totaling 1.67 million square feet of retail and medical and traditional […]
Cover Story: Partnerships: Powering healthcare real estate to the next level
By Murray W. Wolf Partnerships are nothing new in commercial real estate. In fact, a partnership is probably the most common ownership model for most types of commercial property, including healthcare real estate (HRE). But what’s different about partnerships in today’s HRE space is their rapidly expanding size and scope, as well as who’s doing […]
News Release: Recent MOB Closing | CREG U.S. Healthcare Investment Sales (The Surgery Center of Fairbanks)
RECENT CLOSING The Surgery Center of Fairbanks Closing Date – March 2022 Type – ASC anchored MOB Location – Alaska Price -$22,300,000 $/SF – $555/SF Jonathan Kesler Senior Director U.S. Healthcare Investment Sales 706-836-1352 Andrew Larwood Managing Partner & Principal U.S. Healthcare Investment Sales 404-400-5410 Allen Inman Managing Partner & Principal U.S. Healthcare Investment Sales […]
Transactions: A pair of MOBs sells for $155M-plus in Southern California
Harrison Street acquired the portfolio; Anchor sourced it, did the due diligence, and is handling property management and leasing; and CBRE brokered the sale BEVERLY HILLS and SANTA MONICA, Calif. – Earlier this week, HREI became aware of a significant portfolio deal in Southern California that closed at a capitalization rate, or first-year estimated return, […]
News Release: Banner Health invests in Atlas Healthcare Partners
May 03, 2022 11:11 AM MST Partnership expands and diversifies Banner’s ambulatory delivery platform PHOENIX (May 3, 2022) – Atlas Healthcare Partners (Atlas), which specializes in developing and managing ambulatory surgery centers (ASCs) in partnerships with health systems and physicians, announced today that Banner Health has invested into Atlas. “Based on the significant growth and […]
News Release: Montecito Acquires Hagerstown Heart Medical Office Property in Western MD
Company adds to growing presence in the market area FOR IMMEDIATE RELEASE May 3, 2022 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a 20,454 square-foot medical office property in Hagerstown, Maryland. The building is 100% occupied by Hagerstown Heart, which is affiliated […]
News Release: Breakthrough Properties Acquires St. John’s Innovation Park Building in Cambridge, UK’s Premier Life Sciences and Technology Cluster
Breakthrough Expands Platform in Europe with Second U.K. Acquisition in 2022 LOS ANGELES and LONDON, May 3, 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 The Vitrum Building, located on 1.8 acres inside […]
News Release: Healthcare Realty Trust and Healthcare Trust of America Provide Update on Strategic Combination
May 02, 2022 06:39 ET | Source: Healthcare Realty Trust Incorporated NASHVILLE, Tenn. and SCOTTSDALE, Ariz., May 02, 2022 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) (“Healthcare Realty” or “HR”) and Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) today provided an update on their previously announced $18 billion strategic combination, creating the preeminent medical office […]
News Release: BioMed Realty Strengthens Seattle Presence With South Lake Union Acquisition
1101 Westlake is BioMed’s second Seattle acquisition this quarter, increasing its existing portfolio and development pipeline to 2.6 million square feet in the region April 29, 2022 02:09 PM Eastern Daylight Time SEATTLE–(BUSINESS WIRE)–BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, today announced the acquisition of 1101 […]
News Release: Breakthrough Properties Raises $3 Billion to Develop Next Generation Life Science Ecosystems
NEWS PROVIDED BY Breakthrough Properties Apr 29, 2022, 09:39 ET Breakthrough Closes Largest Ever Dedicated Life Science Real Estate Fund, Excluding Recapitalizations of Existing Portfolios Final Closing Surpasses Initial $1.5 Billion Target to Support World’s Leading Biopharma Companies in Key Clusters Across the United States and Europe LOS ANGELES, April 29, 2022 /PRNewswire/ — Breakthrough […]
News Release: Flagship Healthcare Trust acquires MOB in Richmond, Va
NEWS PROVIDED BY Flagship Healthcare Properties, LLC Apr 28, 2022, 13:56 ET Property located near HCA Henrico Doctor’s Hospital CHARLOTTE, N.C., April 28, 2022 /PRNewswire/ — Flagship Healthcare Trust, a Charlotte-based outpatient healthcare real estate investment trust (REIT), has acquired the Blair Building, a Class A, fully leased medical office building (MOB) in fast-growing Richmond, VA. […]
News Release: Montecito Medical Acquires Medical Office Property in Hazelton, PA
Facility tenanted by market-dominant Lehigh Valley Health System FOR IMMEDIATE RELEASE April 28, 2022 Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of Lehigh Valley Health – Health and Wellness Center in Hazelton, Pennsylvania. The 73,255 square-foot, multi-tenant building is 100% leased to Lehigh Valley Health System. […]
Feature Story: MOB sales are off to a hot start: $3.8 billion in Q1 2022
It will likely be the biggest quarter ever by the time all the data is in, Revista says By John B. Mugford The year 2021 got off to what could certainly be described as a lackluster start in terms of medical office building (MOB) sales. In fact, the first quarter (Q1) of 2021 saw an […]
News Release: Newmark Facilitates Sale of High Volume Surgery Partners Outpatient Surgery Center in Wichita, Kansas
FOR IMMEDIATE RELEASE Wichita, KS (April 27, 2022) — Newmark announces it has completed the $15.3 million sale of Cypress Surgery Center, a 33,620-square-foot outpatient surgery center located within the Cypress Medical Park in Wichita, Kansas. Newmark Executive Managing Director Ben Appel, in cooperation with Vice Chairman Bert Sanders, represented both the seller, DeSanto Realty […]