News Release: Stockdale Capital Partners acquires five-story, Class-A medical office building in central Austin (Texas)
FOR IMMEDIATE RELEASE Property at 1401 Philomena St., adjacent to Dell Children’s Medical Center, has 129,382 square feet of rentable office space LOS ANGELES – May 28, 2024 – Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, announced it acquired a newly-built medical office building at 1401 Philomena St. in Central […]
News Release: Montecito acquires two-building medical office portfolio
Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office buildings in the Milwaukee, Wisconsin, area. The buildings total over 70,000 square feet and are occupied by Children’s Hospital of Wisconsin. They are in the exurban communities of Delafield and Mequon, respectively. “We are thrilled to add these two outstanding […]
News Release: Lilly Increases Manufacturing Investment to $9 Billion at Newest Indiana Site to Boost API Production for Tirzepatide and Pipeline Medicines
News Release May 24, 2024 Largest investment in active pharmaceutical ingredient manufacturing of synthetic medicines in U.S. history Since 2020, the company has committed more than $18 billion to build, upgrade and acquire facilities in the U.S. and Europe INDIANAPOLIS, May 24, 2024 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) announced today that it […]
News Release: Medical Properties Trust Closes $800 Million 10-Year Loan Secured by U.K. Hospital Portfolio
6.9% Fixed Cash Pay Rate Demonstrates Access to Capital and Enduring Value of Hospital Real Estate May 24, 2024 08:30 AM Eastern Daylight Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced the completion of approximately £631 million ($800 million) in new non-recourse, non-amortizing secured financing backed by certain […]
News Release: Vitalis Acquires 30,000 SF MOB on 15-Year Leaseback in Jacksonville.
The transaction closed May 23, 2024. Vitalis acquired a 30,165 SF medical outpatient building and surgery center located at 8262 Point Meadows Dr in Jacksonville, FL. Cross Regions developed the build-to-suit for Coastal Health in 2022. The facility includes clinical space for Coastal Health’s Orthopedic, Spine, Pain Management, Podiatry, and Physical Therapy practices in addition […]
News Release: Northside Medical Buford: Expanding Healthcare Access in Northern Gwinnett County
NEWS PROVIDED BY Realty Trust Group LLC May 23, 2024, 09:26 ET ATLANTA, May 23, 2024 /PRNewswire/ — Realty Trust Group is proud to announce the opening of Northside Hospital’s newest medical office building, Northside Medical Buford. This 100,000-square-foot facility, located at 2800 Buford Drive between Coolray Field and the Mall of Georgia, celebrated its grand […]
News Release: Children’s Hospital and Birthing Center Opens (Columbia, Mo.)
May 22, 2024 Community open house and ribbon cutting set for Thursday MU Health Care opened its new Children’s Hospital and Birthing Center this week with a series of celebrations that cap off Thursday afternoon and evening with an event with food, games and tours for the community. The Children’s Hospital and Birthing Center expands […]
News Release: AdventHealth bringing ‘hospital of the future’ to Lake Nona community
LAKE NONA, Fla., May 22, 2024 — A state-of-the-art hospital that will offer leading-edge treatments to patients from Central Florida and around the globe is coming to Lake Nona. AdventHealth has begun work on a 10-story hospital located at 10999 Narcoossee Road. To date, thousands of tons of soil have been removed from the site, […]
News Release: Lakeville (Minn.) Specialty Center Now Open
Davis Lakeville Specialty Center 100,500-SF Medical Development is Fully Occupied by Allina and MNGI Digestive Health MINNEAPOLIS (May 21, 2024)–Davis has announced the formal opening of Lakeville Specialty Center, a 100,500 square foot medical building at 18645 Orchard Trail in Lakeville, MN. The building is fully occupied by Allina and MNGI Digestive Health. “The completed […]
News Release: Just Closed. 1401 Philomena at Mueller (Austin, Texas)
Capital Markets | Healthcare & Life Sciences Just Closed Recently Completed, Class A Medical Outpatient Lease-up Opportunity in Austin, TX Transaction Highlights Date Closed: 5/15/24 Size: 129,382 SF Occupancy: 6% 1401 Philomena at Mueller | 1401 Philomena Street | Austin, TX CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of 1401 Philomena […]
News Release: Sila Realty Trust, Inc. Completes Acquisition of Reading Medical Outpatient Building for $10.5 Million
May 22, 2024 09:14 AM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)– Sila Realty Trust, Inc. (the “Company”), a net lease real estate investment trust focused on investing in high quality healthcare properties across the continuum of care, today announced the acquisition of a medical outpatient building located in Reading, Pennsylvania (the “Reading Healthcare Facility”), for […]
News Release: Incyte Expands Presence in Delaware through Acquisition of Two Downtown Wilmington Office Buildings
WILMINGTON, Del.–(BUSINESS WIRE)–Incyte (Nasdaq:INCY) today announced the expansion of its presence in Delaware with the acquisition of two buildings at 1100 North King Street and 1100 North French Street in downtown Wilmington. This acquisition marks Incyte’s fourth expansion in Delaware since establishing operations in Alapocas in 2014. The new buildings will allow the Company’s U.S.-based […]
News Release: Longfellow Delivers Major Upgrades At San Mateo Science Center
San Mateo, CA (May 21, 2024) – Longfellow Real Estate Partners, one of the largest privately owned investors and developers of life science real estate, reaffirmed its support of the life science industry throughout the Bay Area and Peninsula region with the delivery of its San Mateo Science Center campus. Acquired by Longfellow in 2021, […]
Thought Leaders: MOB Investment Activity Falls in Q1; Rental Rates Continue to Climb | Q1 2024 U.S. Medical Outpatient Buildings Figures
Figures | Medical Outpatient Buildings | Q1 2024 MOB Investment Activity Falls in Q1; Rental Rates Continue to Climb CBRE RESEARCH | MAY 2024 ⇩ 1.6 B Sales Volume ⇧ 7.0% Average Cap Rate ⇩ -0.1 MSF Net Absorption ⇧ 9.7% Vacancy Rate Note: Investment volume referenced in this report is compiled using the MSCI […]
News Release: Maugel DeStefano Architects Designs 50,000 SF Medical Office Building for Boston Development Group
Maugel DeStefano Architects, an award-winning architectural firm that shapes exceptional designs for healthcare, labs, biotech, industrial, multifamily, commercial, and custom residential homes across the Northeastern United States, announced the firm has designed a new medical office building in Needham, Mass for Boston Development Group. The site at 629-661 Highland Avenue will feature a modern […]