Cover Story: DOC-PEAK merger combines the ‘best’ REIT balance sheets
Top officers Scott Brinker and John Thomas say the deal offers ‘great upside’ By John B. Mugford and Murray W. Wolf The March 1 closing of the merger between Denver-based Healthpeak Properties Inc. and Milwaukee-based Physicians Realty Trust created a healthcare and life sciences real estate investment trust (REIT) valued at nearly $21 billion. Behind […]
News Release: McLaren Greater Lansing (Mich.) increases access to care, announces $40 million Grand Ledge freestanding emergency department, medical office building
MARCH 19, 2024 McLaren Greater Lansing, part of statewide McLaren Health Care, has announced its plans to expand further into the community, enhancing patients’ access to health care services with the construction of ambulatory care campus in Grand Ledge. The nearly $40 million construction will be anchored by a freestanding emergency department and include additional […]
News Release: Vanbarton Healthcare Group and Tramview Capital Management Acquire Campus-adjacent Medical Building in Atlanta Metro
NEW YORK, New York (March 19, 2024) – The healthcare division of Vanbarton Group recently completed the acquisition of a campus-adjacent medical office building in Decatur, Georgia. The 11,055 square foot property is leased to Resurgens Orthopaedics, the largest privately held orthopedic practice in Georgia. The building was completely renovated in 2023 as clinical medical […]
News Release: Montecito acquires Wisconsin portfolio
Montecito acquires medical office portfolio in Milwaukee area Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two buildings in the Milwaukee suburb of Germantown, Wisconsin. The two adjacent properties, which encompass a total of 92,573 square feet, are 100% occupied by Advocate Aurora Health. “We are excited to acquire these two […]
News Release: SCHOTT Pharma to Expand in the U.S. with New Prefillable Syringe Manufacturing Facility in Wilson, North Carolina
MONDAY, MARCH 18, 2024, MAINZ, GERMANY — With $371 million investment, new site to add over 400 jobs to the region First U.S. manufacturing facility to fill demand for domestic supply of glass and polymer prefillable syringes that deliver mRNA, GLP-1, and other therapies. SCHOTT Pharma, a pioneer in pharmaceutical drug containment solutions and delivery […]
News Release: Gilbane Building Company Names Jeff Lewis as Business Leader for Raleigh Durham Market
NEWS PROVIDED BY Gilbane Building Company Mar 17, 2024, 17:00 ET Lewis’s promotion is part of Gilbane’s strategic growth plans in North Carolina RALEIGH, N.C., March 17, 2024 /PRNewswire-PRWeb/ — Gilbane Building Company announced the promotion of Jeff Lewis as Business Leader for the Raleigh, North Carolina office. This strategic move aligns with Gilbane’s 2024 […]
News Release: Anchor Health Properties Marks Construction Commencement of a 20,000 SF Ground Up Development in the Atlanta MSA
ATLANTA, Mar. 15, 2024 — Furthering the company’s nearly one million square foot presence in the greater Atlanta MSA, Anchor Health Properties, a national, full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, has commenced construction on a single story, 20,626 square foot medical outpatient building in Lawrenceville, Georgia. […]
News Release: Breakthrough Properties Welcomes Pfizer Oncology to Torrey View Campus; Announces Important New Collaboration with Pfizer Ignite
Long-Term Lease Brings Breakthrough’s 520,000-Square-Foot Premier Research and Development Campus to 100% Leased Prior To Construction Completion Breakthrough Properties, a leading global life sciences real estate developer, owner and operator, is pleased to welcome Pfizer Oncology to Torrey View, its premier life science campus quickly nearing completion in San Diego. As part of a 15-year, […]
News Release: JLL tapped to lease new healthcare and life sciences development site within mixed-use conversion project in Tampa
The commercial property conversion will encompass 1.1 million square feet, including the ability to accommodate 500,000 square feet slated for build-to-suit in Tampa’s Uptown District. Tampa, FL, March 13, 2024 – JLL announced today that the firm’s Central Florida Healthcare Practice Group has been selected to lease RITHM, the approximately 100-acre, mixed-use urban development focused […]
News Release: Maple Grove Executive Plaza sells in Minneapolis-St Paul Metro
Transwestern Brokers $8M Sale of the Medical Office Building (MAR. 19, 2024 – MINNEAPOLIS) – Transwestern Real Estate Services (TRS) announces the sale of Maple Grove Executive Plaza to an entity linked to MSP Commercial, a real estate firm focused on developing, acquiring and managing healthcare properties in the Twin Cities. The asset, located at […]
News Release: Capitalization arranged for a conversion for biomanufacturing/advanced manufacturing facility in Boulder County, Colorado
JLL Capital Markets represented the joint venture between Vitrian and Koelbel and Company in this transaction WASHINGTON, D.C., Mar. 14, 2024 – JLL Capital Markets announced today that it represented the joint venture between Vitrian and Koelbel and Company to raise equity for the Centennial Valley Innovation Center, the conversion of a vacant, former home improvement […]
News Release: Kim Kretowicz Joins WCRE as Executive Vice President-Healthcare Services
Strategic Hire Strengthens Firm’s Healthcare Presence, Fuels Growth in NJ and NY Markets Mar. 13, 2024 — WCRE | CORFAC International, a leading provider of commercial real estate services, proudly announces the addition of Kim Kretowicz as Executive Vice President-Healthcare Services. Kretowicz is a trusted adviser and a national specialist in the healthcare sector of […]
News Release: Newmark Awarded Exclusive Leasing Assignment on Behalf of Colorado Health & Tech Centers
Newmark announces it has been awarded the exclusive leasing assignment on behalf of Colorado Health & Tech Centers (CHTC) for 5800 South Quebec Street – a 175,000-square-foot, Class A office campus in Greenwood Village. The innovation hub offers build-to-suit workspaces for biotechnology, technology, medical office and laboratory operations. Newmark Director Jon Tilton and Associate Director […]
News Release: ADA Forsyth to relocate to 100 Chestnut in Somerville in January 2025
The oral health research institute expects to double in size over the next 5 years, bringing new jobs to MA in life and data sciences Cambridge, Mass., 3/13/2024 – The ADA Forsyth Institute (AFI), a global leader in oral health research and innovation, announced today that it will relocate to Somerville, MA in January 2025. […]
News Release: Avison Young closes $9M sale of 25,482-SF office building in Weston, Florida
For Immediate Release Tuesday, March 12, 2024 Sale closes at peak pricing of $353-per-square-foot despite challenging office market conditions Weston, Fla. – Avison Young’s Florida Capital Markets Group completed the $9 million sale of a three-story, ±25,482-square-foot, multi-tenant office building at 1040 Weston Road in Weston, Florida. The $353-per-square-foot transaction far surpassed the current $225-per-square-foot […]
