News Release: H2C Secures Operators for Two Behavioral Health Hospitals
NEW YORK, June 2, 2023 – H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory firm, served as the exclusive advisor to FJM Health and Senior Services (“FJM”), to secure alternative operators for two recently-developed inpatient psychiatric hospitals located in Prescott, AZ and Kennewick, WA. Executive Director Matthew Tarpley and Vice President Michael Fioravanti led the […]
News Release: Just Closed –100% Leased to Duke Health with 10+ Years of Term in the Heart of Durham’s Research Triangle
Transaction Highlights Date Closed 5/25/2023 Size 60,192 SF Occupancy 100% Duke Medical Plaza | Durham, NC CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Duke Medical Plaza (the “Property”) located in Durham, North Carolina. Lee Asher, Zack Holderman, Jordan Selbiger, Trent Jemmett, and Cole Reethof partnered with Ben Kilgore of […]
Life Sciences: Supply is outpacing demand, with more in the pipeline
RevistaLab data shows falling occupancies, fewer transactions in Q1 2023 By Murray W. Wolf and John B. Mugford Life sciences real estate (LSRE) construction completions are outpacing space absorption, which is driving down occupancy rates. Meanwhile, the pace of sales transactions has slowed considerably during the past two quarters. That’s not news to anyone familiar […]
News Release: Catalyst and National Celebrate the Grand Opening of a PAM Health Inpatient Rehabilitation Hospital
PENSACOLA, FL, June 2, 2023 – Catalyst Healthcare Real Estate (Catalyst), a full-service healthcare real estate investment firm, andNational Real Estate Advisors, LLC (National), an investment manager developing and managing large-scale real estate projects on behalf of its clients, celebrate the grand opening of the state-of-the-art PAM Health Rehabilitation Hospital of Miamisburg. This two-story inpatient […]
News Release: Healthcare Realty Trust Announces Stock Repurchase Authorization
NASHVILLE, Tenn., June 01, 2023 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) today announced that its board of directors has authorized the repurchase of up to $500 million of the company’s Class A common stock. Repurchases may be made at management’s discretion from time to time on the open market, through privately negotiated transactions, […]
News Release: CBRE Appoints Chris Bodnar to Lead Advisory Services Healthcare in the U.S.
Dallas – June 1, 2023 – CBRE announced today that industry veteran Chris Bodnar has joined the firm as leader for Advisory Services Healthcare in the U.S. Mr. Bodnar, a well-established healthcare real estate professional with more than 20 years of experience, will lead CBRE’s healthcare growth strategy across its Advisory Services lines of business, including […]
News Release: Oxford Properties Completes US$91 Million Sale of Newly Constructed, 140,000 Square Foot Boston GMP Facility to Pioneering Biotechnology Firm Moderna
– Originally acquired by Oxford as a development and investment opportunity in 2021, the transaction highlights continued institutional demand for best-in-class biomanufacturing space – BOSTON, May 30, 2023 /PRNewswire/ – Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and developer, today announced the sale of 149 Hayes Memorial Drive, a newly built, […]
Feature Story: Mild recession could be looming by year-end
Economist Sam Chandan notes that Fed is likely putting an end to interest rate increases By John B. Mugford As you probably know, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement over the Memorial Day weekend to raise the national debt ceiling, and Congress is scheduled to take up the plan […]
News Release: Just Financed. Seven-Story Medical Office and Biomedical Building in Downtown Grand Rapids, MI
Doug Meijer Medical Innovation Building 109 Michigan St. NW | Grand Rapids, MI 49503 Berkadia Medical and Life Sciences secured a non-recourse permanent loan at 65% LTV for the Doug Meijer Medical Innovation Building in downtown Grand Rapids, Michigan. The Sponsor is a JV between Harrison Street, Walsh Construction, Murphy Development, and Rockford Construction. Harrison […]
News Release: McCarthy Completes Houston Methodist Sugar Land Medical Office Building
HOUSTON – May 24, 2023 – McCarthy Building Companies, Inc. has completed construction of two structures on the campus of Houston Methodist Sugar Land Hospital located in the greater Houston area. The project included a six-story medical office building and an attached seven-level parking garage. McCarthy broke ground in December 2021. McCarthy’s scope included a […]
News Release: Davis holds open house for 44,000-square-foot medical office building in Maple Grove, Minn.
News Release The convenient, central location on Highway 610 is expected to benefit patients and tenants, including MNGI Digestive Health, which is occupying the entire second floor MAPLE GROVE and MINNEAPOLIS, Minn., May 24, 2023 – Minneapolis-based real estate developer Davis recently held an open house to celebrate the completion of the 44,000-square-foot, Class A […]
News Release: NexCore Group Breaks Ground on the Hunt Regional Healthcare Specialty Hospital and Medical Office Building in Royse City, Texas
May 23, 2023 The state-of-the-art specialty hospital and emergency room facility will expand healthcare access to a rapidly growing community east of Dallas Today, NexCore Group, a national healthcare, life sciences, and seniors housing real estate developer, announced they broke ground on the new Hunt Regional Healthcare Medical Office Building (MOB) in Royse City, Texas. […]
News Release: Bergman Real Estate Group Announces New Long-Term Lease at 500 College Road East in Princeton
Accurant Biotech signs 27,000 sq. ft. in recently renovated office center PRINCETON, N.J. (May 23, 2023) — Bergman Real Estate Group, a full-service real estate company based in Woodbridge, New Jersey, announced that the life sciences company, Accurant Biotech, Inc. has signed a 10-year lease for 26,566 feet of office space at 500 College Road […]
Feature Story: Same underwriting, new ‘math’
Inflation, interest rates and the bid-ask gap have slowed HRE lending By John B. Mugford If healthcare real estate (HRE) loan volume has declined in recent months, lenders say, don’t blame them. The real culprits, they say, are rising inflation and higher interest rates, as well as the gap between seller expectations and what buyers […]
News Release: The Sanders Trust Breaks Ground on $48 Million Inpatient Rehabilitation Hospital
New 60,500-sq. ft. Facility Located in Florida Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the recent groundbreaking for a new $48 million inpatient rehabilitation hospital, Northwest Florida Rehabilitation Hospital in Jacksonville, FL. The Sanders Trust was selected as the developer […]
