News Release: Northside Medical Buford opens
Published on May 20, 2024 Northside Hospital has opened its newest medical office building, Northside Medical Buford. The 100,000-square-foot facility at 2800 Buford Drive, between Coolray Field and the Mall of Georgia, brings a range of services to a fast-growing area of northern Gwinnett County. Hospital officials and local leaders celebrated the new building with […]
News Release: UM Health buys Grand Ledge site for new health care center
Published: May 20, 2024 LANSING, Mich. – University of Michigan Health will acquire an 11-acre site near Grand Ledge for a new health care center, after recent approval by the U-M Board of Regents. University of Michigan Health-Sparrow will operate the new ambulatory care center, which is expected to house both primary and specialty care […]
News Release: Maine Medical Center Scheduled to Open Malone Family Tower on June 9, 2024
May 17, 2024 PORTLAND, Maine – Maine Medical Center (MMC) is scheduled to begin admitting patients to its new 300,000-square-foot Malone Family Tower located on Congress Street on June 9. The Malone Family Tower, which will primarily serve cardiac and cardiovascular patients, is the final piece of the medical center’s multi-year expansion and modernization project […]
News Release: BMO Healthcare Real Estate provides $44,800,000 in acquisition financing to Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of the RUSH Oak Brook Medical Center.
Chicago, May 17, 2024 – BMO’s Healthcare Real Estate group announces that it closed a $44,800,000 acquisition loan for a joint venture led by Kayne Anderson Real Estate and managed by Remedy Medical Properties. The BMO loan provided financing for the acquisition of a 93,386 SF build-to-suit occupied by RUSH University Medical Center. The 2018 […]
News Release: Healthcare Property Advisors Launches HPA Exchange LLC to Offer Healthcare Real Estate Investments to Individual Investors
NEWS PROVIDED BY HPA Exchange, LLC May 17, 2024, 12:48 ET Backed by executives with decades of healthcare investment experience, firm will initially focus on Section 1031 exchange offerings ORANGE COUNTY, Calif., May 17, 2024 /PRNewswire/ — Healthcare Property Advisors announced today the launch of HPA Exchange LLC, a new real estate investment sponsor that will […]
News Release: Newmark Completes Sale of $28 Million Nationally Ranked Medical Outpatient Building Collection in Milwaukee, Wisconsin
FOR IMMEDIATE RELEASE Buyers Montecito Medical and AEW Capital Management continue the growth of their joint venture, acquiring core medical office buildings in strategic markets across the country. Milwaukee, WI (May 16, 2024) — Newmark announces it has completed the sale of a medical outpatient building (MOB) collection comprising two properties located in suburban Wisconsin. […]
Life Sciences: MCB Announces New Vision For VIVA White Oak™
BALTIMORE, MARYLAND – MCB Real Estate today announced today that it will lead the development for VIVA White Oak, a long-awaited development project in Eastern Montgomery County, Maryland. “My partners and I are thrilled to start work on building this vibrant new project,” said P. David Bramble, managing partner at MCB Real Estate. “At MCB, […]
News Release: Montecito Medical Acquires Orthopedic Medical Office Portfolio
Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a three-building portfolio in Northern Utah. The properties, which encompass a combined total of 48,527 square feet, are anchored by Alpine Orthopaedic Specialists and 100% occupied. The buildings are situated in Logan, North Logan, and Brigham City, Utah, respectively. The […]
News Release: Montecito Medical Acquires Two-Building Portfolio in Upstate New York
Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office buildings in the Rochester, New York, area. The buildings, with a total of 41,700 square feet, are fully occupied by Unity Hospital, part of the Rochester Regional Health system. “We are thrilled to acquire this outstanding portfolio […]
News Release: Cushman & Wakefield Advises Sale of Vacant Office Building in Glendale, AZ for $5.375 Million
High quality, modern office asset purchased by Owner/Occupier GLENDALE, Ariz. – May 16, 2024 – Cushman & Wakefield announced the firm has arranged the sale of a Class A two-story 31,350-square-foot office building in Glendale, Arizona. The now vacant freestanding building sold to an undisclosed owner/occupier for $5.375 million. Eric Wichterman, Mike Coover and Alexandra Loye with […]
News Release: Montecito acquires orthopedic medical office portfolio
Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a three-building portfolio in Northern Utah. . The properties, which encompass a combined total of 48,527 square feet, are anchored by Alpine Orthopaedic Specialists and 100% occupied. The buildings are situated in Logan, North Logan, and Brigham City, Utah, respectively. The property in […]
News Release: Just Financed — 100% Leased to Duke University Health System (Fitch AA-)
Transaction Highlights Date Closed 4/30/2024 Size 60,192 RSF Duke Medical Plaza | Durham, NC CBRE U.S. Healthcare Capital Markets is pleased to announce the financing of Duke Medical Plaza (the “Property”) located in Durham, North Carolina adjacent to Research Triangle Park (‘RTP’). Zack Holderman and Jesse Greshin worked on behalf of the borrower to secure the […]
News Release: Capital One’s Medical Office Team Remains Resilient Through 2023
May 15, 2024 – Capital One’s Medical Office team, part of the Capital One Healthcare Real Estate business, closed over 30 deals totaling in excess of $1.5 billion throughout 2023. The team funded transactions ranging from $15 million single-asset loans to $350 million portfolios across medical office buildings, medical properties and healthcare REIT lending. Since […]
News Release: NAI Hiffman celebrates completion of 42,000-square-foot medical office building in Orland Park
NAI Hiffman recently joined representatives from Silver Cross Hospital and Premier Suburban Medical Group (PSMG) to celebrate the completion of the Orland Park Medical Pavilion, a two-story, 42,000-square-foot medical office building in Orland Park, Illinois, a southwest suburb of Chicago. Located at 17047 S. LaGrange Road, the facility is anchored by Silver Cross and PSMG, […]
News Release: Commercial Real Estate Lending Market Slows in First Quarter, Showed Signs of Stabilizing
Alternatve Lenders Are Largest Contributors to Non-Agency Loan Closings Dallas – May 14, 2024 – The commercial real estate lending market slowed in Q1 2024 due to high interest rates and limited credit availability, but a tightening of credit spreads indicated signs of stabilizing, according to the latest research from CBRE. The CBRE Lending Momentum Index, […]