News Release: JLL arranges $310M construction loan for first all-electric life sciences campus in California
News release Avia Labs at Millbrae Station caters to tenants seeking purpose-built space in a transit-oriented location SAN FRANCISCO, Mar. 3, 2023 – JLL’s Capital Markets group announced today that it arranged a $310 million construction loan for the development of Avia Labs at Millbrae Station, a best-in-class life sciences development totaling 315,000 square feet […]
News Release: MCLAREN ST. LUKE’S TO WIND DOWN OPERATIONS THIS SPRING
Hospital will discontinue operations and transition ownership of facilities, land and physical assets to Mercy Health MAUMEE, Ohio (March 3, 2023) – Following years of declining revenues and an unstable reimbursement environment, the McLaren St. Luke’s Board of Directors has made the difficult, but unanimous, decision to close the hospital and related outpatient services. The […]
News Release: Catalyst and PAM Health Celebrate the Completion of their First Inpatient Rehabilitation Hospital
PENSACOLA, FL – Catalyst Healthcare Real Estate (Catalyst), a full-service healthcare real estate investment firm, andBain Capital Real Estate, the real estate investing business of Bain Capital, celebrate the completion of PAM Health Rehabilitation Hospital of Georgetown. “We are proud to partner with PAM Health to deliver mission-critical healthcare infrastructure,” said Hon Wing Mak, a […]
News Release: LTC Generates $20.8 Million in Proceeds From Sale of Two Skilled Nursing Centers
WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)—LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced that it has sold two skilled nursing centers in New Mexico. The two centers, totaling 235 beds, were sold for $21.3 million, generating proceeds of $20.8 million. The proceeds will […]
News Release: BentallGreenOak and Graymark Capital to Develop 100,000-Sq. Ft. Bayshore Bio Life Science Campus in Palo Alto, CA
The City of Palo Alto has granted permit approval for this life science development at 2225 East Bayshore Road Palo Alto, (March 2, 2023) — BentallGreenOak (BGO) and Gray Matter by Graymark Capital have begun construction on a two-story, 36,000-square-foot life science development at 2225 East Bayshore Road in Palo Alto, California, which represents the […]
News Release: ORTHOVIRGINIA, LINGERFELT, HOURIGAN TO BUILD $50 MILLION MEDICAL COMPLEX IN WATKINS CENTRE IN CHESTERFIELD COUNTY, VIRGINIA
Richmond, VA – March 2, 2023 — ORTHOVIRGINIA, the largest orthopedic practice in Virginia, is partnering with LINGERFELT and HOURIGAN to create a new $50 million, 77,000 square foot orthopedics destination at Watkins Centre in Chesterfield County, Virginia. Watkins Centre is a premier mixed-use development community located at the regional interchange of 288 and Midlothian Turnpike. […]
News Release: CREG Announces Sale of Four-Building MOB Portfolio in Salem, Ore.
RECENT CLOSING CLOSING DATE – MARCH 2023 TYPE – 4-BUILDING ORTHOPEDICS PORTFOLIO LOCATION – SALEM, OREGON PRICE – $20,000,000 TOTAL SF – 54,606 SF $/SF – $366/SF Capital Real Estate Group’s – U.S. Healthcare Investment Sales practice is pleased to announce the sale of a four-building medical office portfolio located in Salem, Oregon and totaling […]
News Release: SmartLabs Announces Launch of its Most Advanced Managed Research Center
East Cambridge site establishes largest network of novel modality development and bioproduction capacities by any organization in the world and expands company’s Greater Boston footprint by 75% March 01, 2023 09:00 AM Eastern Standard Time BOSTON–(BUSINESS WIRE)–SmartLabs, a company reinventing how therapies and medical devices are developed and brought to market by building the most […]
News Release: Diversified Healthcare Trust Announces Fourth Quarter 2022 Results
SHOP Segment Occupancy Improves 380 Basis Points Year Over Year to 76.3% SHOP Segment Revenues Increase 14.2% Year Over Year Net Loss Attributable to Common Shareholders of $0.27 Per Share Normalized FFO Attributable to Common Shareholders of $0.03 Per Share NEWTON, Mass.–(BUSINESS WIRE)-–Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter […]
News Release: Healthcare Realty Trust Reports Results for the Fourth Quarter
NASHVILLE, Tenn., March 01, 2023 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) today announced results for the fourth quarter ended December 31, 2022. The Company reported net loss attributable to common stockholders of $35.8 million, or $0.09 per diluted common share, for the quarter ended December 31, 2022. Normalized FFO for the three months ended December 31, […]
News Release: Matthews™ Completes $6,863,259 Sale of Shore Health Park
Facility Consists of Three Healthcare Tenants Somers Point, NJ—Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, closed the $6,863,259 sale of Shore Health Park located at 401 Bethel Road. The healthcare asset includes Shore Physicians Group Primary Care, Jersey Shore Ambulatory Center, and Jersey Urology Group. Associate Josh […]
News Release: Flagship Healthcare Properties acquires MOB in Winter Garden, Florida
Newly built property is anchored by AdventHealth CHARLOTTE, N.C. — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, has acquired a newly-built, Class A medical office building (MOB) in Winter Garden, Florida. The 23,241-square-foot property is located at 12323 W. Colonial Drive and is anchored by AdventHealth Well 65+, a primary care practice […]
News Release: DigitalBridge Closes Sale of Wellness Infrastructure Business
February 28, 2022 05:44 PM Eastern Standard Time BOCA RATON, Fla.–(BUSINESS WIRE)–DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced it has completed the previously announced sale of its Wellness Infrastructure business (the “Wellness Sale”) to an investment group comprised of two leading real estate investment firms, Highgate and Aurora Health Network. The […]
News Release: Global Medical REIT Announces Fourth Quarter and Year-End 2022 Financial Results
Acquires $149 Million in Medical Real Estate During 2022 BETHESDA, Md.–(BUSINESS WIRE)–Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that owns and acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, today announced financial results for the […]
News Release: Baker Barrios Architects Announces Completion of 50-Unit Veterans Affairs Domiciliary in Detroit
Project is an adaptive reuse of a two-story office building constructed in 2008 CHICAGO (Feb. 28, 2023) — Baker Barrios Architects has announced the completion of a 32,248-square-foot Veterans Affairs domiciliary and health clinic in Detroit. In addition to the clinic, the building includes 50 transitional residential units, a computer lab, therapy rooms, clubhouse, indoor […]