News Release: Historic Quartermaster Campus to Convert to the Quartermaster Science + Technology Park
Historic Quartermaster Campus to Convert to the Quartermaster Science + Technology Park PHILADELPHIA, PA – January 31, 2023 – Real estate company SkyREM today announced that Philadelphia’s historic Quartermaster site will be converted into the Quartermaster Science + Technology Park. In addition to planned restaurants, a hotel, and other amenities, the $250 million mixed-use commercial […]
News Release: Bull Realty Arranges Sale of ±8,700 Square Foot Medical Office Building in Evans, GA
ATLANTA– Bull Realty has arranged the $3,600,000 sale of a ±8,770 square foot, single tenant net leased medical office building located at 1203 Town Park Lane in Evans, Georgia. The property is fully occupied by Anne Arundel Dermatology. This Dermatology Group has over 114 locations and have assembled the finest group of medical, surgical and […]
News Release: Global Law Firm Greenberg Traurig Launches San Diego Office
SAN DIEGO (PRWEB) JANUARY 30, 2023 — Greenberg Traurig, LLP opened an office in San Diego, California, the firm’s 44th office globally and sixth office in the Golden State. Greenberg Traurig’s San Diego office will initially include more than 10 shareholders, of counsel, associates, and other legal professionals from the firm’s leading Intellectual Property & […]
News Release: Alexandria Real Estate Equities, Inc. Reports: 4Q22 and 2022 Net Income per Share – Diluted of $0.31 and $3.18, respectively; and 4Q22 and 2022 FFO per Share – Diluted, As Adjusted, of $2.14 and $8.42, respectively
PASADENA, Calif., Jan. 30, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the fourth quarter and year ended December 31, 2022. Key highlights Operating results 4Q22 4Q21 2022 2021 Total revenues: In millions $ 670.3 $ 576.9 $ 2,589.0 $ 2,114.2 Growth 16.2 % 22.5 % Net income attributable […]
News Release: Montecito Acquires Two Orthopedic Medical Office Properties in Cincinnati
Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of two orthopedic medical office buildings in the Cincinnati area. The buildings, which have a combined total of more than 130,000 square feet, are fully leased to Beacon Orthopedics, the Cincinnati area’s dominant orthopedic practice. Each of the properties […]
News Release: Wolf Capital Partners buys medical office building in the Heights
A 120,000-square-foot medical office building in the Heights has traded hands. Houston-based Wolf Capital Partners paid an undisclosed amount to acquire Heights Medical Tower at 427 W. 20th St. Harris County Appraisal District records said the building was valued at $786,000 as of Jan. 1, 2021. Wolf Capital Partners said it plans to rebrand the […]
News Release: DELL CHILDREN’S NORTH
Dell Children’s has a bold vision to enable children and families to remain close to home for care, no matter the diagnosis. As the Central Texas community continues to grow, existing space at Dell Children’s is over capacity. In addition to growth and expansion at the main Dell Children’s campus, Dell Children’s Medical Center has […]
News Release: Dwight Capital & Dwight Mortgage Trust Close Over $191MM in Seniors & Healthcare Financing During Q4 2022
NEW YORK–(BUSINESS WIRE)–Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed over $191MM in seniors and healthcare financing during Q4 2022. Featured among the transactions are bridge loans for a Skilled Nursing Facility (“SNF”) Portfolio in Florida and a SNF Portfolio in Georgia. Dwight closed a $39MM bridge loan to facilitate the acquisition of […]
News Release: Beam Signing Celebrates New Medical Office Building on the Campus of Riverside Doctors’ Hospital Williamsburg
Today, Riverside Doctors’ Hospital Williamsburg (RDHW) held a celebratory beam signing ceremony to mark a milestone in the construction progress for the Medical Office Building (MOB) scheduled to open in Spring 2024. Guests were provided the opportunity to sign the 33’-0” long structural beam which was placed on the northeast corner of the building. “We […]
News Release: Keystone Unlocks Additional Life Sciences Space at The Curtis to Meet Growing Demand
CONSHOHOCKEN, Pa.–(BUSINESS WIRE)–Keystone announced it will convert an additional 200,000 square feet of The Curtisfor life sciences and biotech to provide the mission-critical infrastructure needed to meet the surging demand for lab space in Philadelphia’s Center City. The reconfiguration will give The Curtis more than 325,000 square feet of laboratory space in the 12-floor, 912,245-square-foot […]
News Release: Keystone Unlocks Additional Life Sciences Space at The Curtis to Meet Growing Demand
CONSHOHOCKEN, Pa.–(BUSINESS WIRE)—Keystone announced it will convert an additional 200,000 square feet of The Curtisfor life sciences and biotech to provide the mission-critical infrastructure needed to meet the surging demand for lab space in Philadelphia’s Center City. The reconfiguration will give The Curtis more than 325,000 square feet of laboratory space in the 12-floor, 912,245-square-foot […]
News Release: Done Deal: Blueprint Shops Local
Blueprint assists publicly traded REIT in divesting a non-strategic Seniors Housing community in the Tampa, Florida MSA The asset is located in the densely populated and growing St. Petersburg submarket and offered 57 units of both Assisted Living and Memory Care … Originally constructed in the 1960s, the community was positioned as one of the […]
Thought Leaders: JLL Healthcare Perspectives – Capital Markets
Change in benchmark interest rates Source: Bloomberg Key points: · 2022 was a watershed year with rising interest rates which were at historically low levels in the last decade. Floating rate benchmarks increased 4.36% in 2022 and, importantly for medical office lending, 5-year swap rates increased more than 2.00%. The divergent trend in these rates led to […]
News Release: MedSouth Healthcare Properties is pleased to announce the recent acquisition of an off market portfolio
Kinston, NC and Jacksonville, NC – MedSouth Healthcare Properties is pleased to announce the recent acquisition of an off market portfolio of properties located at 2541 N. Queen St., and 4 Josh Court. Both properties are occupied by the Atlantic Medical Group. The properties have been acquired as a sale leaseback transaction under a long-term, […]
