News releases: Farbman closed on 57,964 SF of new and renewed leases for medical space in August
For the month of August, Farbman closed on 57,964 SF of new and renewed leases for medical space, including a 38,476 SF lease renewal to VHS Children’s Hospital of Michigan, Inc. and 10,381 lease renewal to VHS Rehabilitation Institute of Michigan Inc. in Clinton Township and Sterling Heights, Michigan respectively. Office/Medical Leases 38,476 SF lease […]
News Release: HFF Sold: UNC Wellness Center, Cary, NC
HFF announces the closing of UNC Wellness Center HFF advised the owner Pacolet Milliken Enterprises Inc. on the sale Closed September 2017 Size 58,843 square feet 100% investment-grade tenancy to UNC Healthcare 18 years of remaining lease term 20,000 + square feet of future development opportunity Located on one of the fastest growing markets in […]
News releaseE: Faith Regional Expanding Campus with New Medical Office Building
SEPTEMBER 19, 2017 Faith Regional Health Services plans to expand its campus footprint with the addition of a 109,000 square foot medical office building located directly south of Norfolk Avenue. The land was purchased by Faith Regional Health Services for future development in 1999 and over the last three years has been part of ongoing […]
News Release: Just Closed: Brookdale Senior Living Portfolio Financing
The JLL Seniors Housing and Healthcare Capital Markets Group is pleased to announce the $975 million financing for Brookdale Senior Living, the largest owner and operator of senior living communities throughout the United States. The first mortgage facility was arranged by JLL with Fannie Mae. The diverse portfolio includes properties across 16 states with various […]
News Release: Inland Real Estate Acquisitions Facilitates the Purchase of Two Medical Office Buildings in Connecticut
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of two Starling Physicians, P.C. medical office buildings located in New Britain, Connecticut. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction, with assistance from David Neboyskey, assistant vice president and associate counsel of […]
News Release: Avison Young brokers $4.9-million sale of historic Grunow Memorial Medical Center in Phoenix
Phoenix, AZ – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated the $4.9-million sale of Grunow Memorial Medical Center, a historic 47,494-square-foot medical office building in Phoenix. Avison Young Principals Julie Johnson and Alexandra Loye, based in the company’s Phoenix office, brokered the sale. The seller was […]
News Release: Hammes Appoints New Vice President for Facility Development
MILWAUKEE, Wis., September 15, 2017 – Hammes Company, the nation’s leader in healthcare facilities development, (hammesco.com) today announced that Marvin Daniels, has joined the firm to meet growing market demand for specialized project management services. Hammes Company is hiring to meet growing demand in most parts of the country, including the Southeast, Midwest and Northeast. […]
News Release: HCP Provides Update on Impact of Hurricane Irma
IRVINE, Calif., Sept. 15, 2017 /PRNewswire/ — HCP, Inc. (NYSE: HCP) today provided an update on the impact from Hurricane Irma. HCP’s preliminary assessment indicates that its assets in the impacted regions incurred either no or limited wind, flood or other storm-related damage. Utility power has been restored at all but one property. “The care […]
News Release: Inova Loudoun Hospital Celebrates Expansion with Patient Tower Groundbreaking
September 14, 2017 Leesburg, VA — Inova Loudoun Hospital (ILH) celebrated a new patient tower groundbreaking among elected officials, community representatives, benefactors, Inova leaders and employees at the hospital’s main campus in Lansdowne. The patient tower is the next phase of the hospital’s $300M Master Plan expansion of facilities and services. Working with architecture firm […]
News Release: CNL Healthcare Properties Sees Significant Income Gains Across Its Portfolio
With opening of new developments, REIT focused on maximizing property performance (ORLANDO, Fla.) Sept. 14, 2017 — CNL Healthcare Properties, a non-traded real estate investment trust (REIT) invested in seniors housing and healthcare properties, continues its focus on maximizing operating performance across its portfolio and completing its most recent expansion project. Reflecting these efforts, the […]
News Release: Capital One Provides Balance Sheet and Agency Loans Totaling $551 Million to Kayne Anderson for Sentio Purchase
Bethesda, Md. (September 13, 2017) – Capital One announced today that is has provided two loans—a $251 million bridge loan and a $300 million Freddie Mac seniors housing revolving credit facility—to Kayne Anderson Real Estate Advisors (KAREA), enabling it to purchase Sentio Healthcare Properties, a public, nontraded REIT. “Capital One Healthcare’s deep industry expertise, access to […]
News Release: Meridian Buys Historic Grunow Memorial Medical Center in Phoenix
Purchase Represents Meridian’s First Major Transaction Outside of California PHOENIX, Ariz. – Meridian, a full-service commercial real estate developer based in California, is pleased to announce the purchase of Grunow Memorial Medical Center, a landmark 51,150-square-foot two-story medical office building located at 926 East McDowell Road in Phoenix, Arizona. The seller was PacVentures, a real […]
News Release: Marcus Partners Sells Cross Street Medical Center
9/11/17 Newmark Knight Frank (NKF) has successfully represented Marcus Partners in the sale of Cross Street Medical Center at 40 Cross Street in Norwalk, Connecticut to Anchor Health Properties for $23 million. Executive Managing Director Frank Nelson, Senior Managing Director Michael Greeley and Director Danielle DeMarco of NKF’s Boston Medical-Academic Practice Group, which is led by […]
News Release: Strawberry Fields REIT Acquires A Rehabilitation and Nursing Facility for $21.8 Million
SOUTH BEND, Ind.—September 11, 2017—Strawberry Fields REIT LLC (Strawberry Fields), an owner and lessor of nursing homes, long-term acute care hospital facilities and medical office buildings in the Midwestern and Southern U.S., today announced it has acquired a rehabilitation and nursing facility for $21.8 million. This acquisition was financed with a $15 million loan from […]
News Release: Sold – Grunow Memorial Medical Center
Contact Information Alexandra J. Loye Principal 602.625.4220 alexandra.loye@avisonyoung.com Julie A. Johnson, CCIM Principal 602.684.8558 julie.johnson@avisonyoung.com