News Release: Echo Real Estate Capital, Inc. Acquires Medical Office Building in Morton Grove, Illinois
FOR IMMEDIATE RELEASE Chicago, IL (April 2023) – Echo Real Estate Capital, Inc. announces it has acquired a single-tenant medical office building leased to Advocate Health Care (www.advocatehealth.com). The property is 7,550 square feet and is located at 6131 W. Dempster Street in Morton Grove, IL – a suburb of Chicago approximately 15 miles northwest […]
News Release: Just Closed – 3rd Street Medical Center
Capital Markets | Healthcare & Life Sciences Just Closed Trophy Medical Office in Downtown LA CBRE Transaction Highlights Date Closed: 3/31/2023 Size: 147,078 SF Occupancy: 100% 3rd Street Medical Center | Los Angeles, CA CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of 3rd Street Medical Center (the “Property”), […]
News Release: Fennelly Associates Negotiates $11 Million Medical Office Portfolio Sale
April 12, 2023 Completed transactions mark the conclusion of 33-year relationship between the firm and Neuman family Hamilton, N.J. (April 12, 2023) – Fennelly Associates announces the $8M sale of 3575 Quakerbridge Road, a 59,000-square-foot medical office building in Hamilton, N.J. and the $3.1M sale of 72,500 square feet of medical office condos at White […]
News Release: Cross Region Group Breaks Ground On Duval Station
Medical and retail center coming soon to North Jacksonville JACKSONVILLE, Fla. (April 12, 2023) – Cross Regions Group, a multifaceted company specializing in commercial real estate services, proudly announces construction is underway at Duval Station, a mixed-use development offering more than 100,000 square feet of professional and medical offices and retail space on 9 acres […]
News Release: Pinecroft Realty announces executive leadership transition
The Woodlands, Texas, April 12, 2023 – Pinecroft Realty, a boutique commercial real estate company specializing in healthcare real estate development and investment, announces the promotion of Jim Pisula to President and Chief Executive Officer. He previously served as Chief Investment Officer and Partner and for the past 15 years played a leading role in […]
People: Five questions for Erik Tellefson of Capital One
Firm’s HRE lending unit leader discusses the economy, interest rates, loan volume and more By Murray W. Wolf HREI learned last week that one of the healthcare real estate (HRE) industry’s best-known professionals, Erik Tellefson of Capital One, was recently named to an expanded role as senior managing director, head of HRE Lending. Mr. Tellefson […]
News release: Newly renovated 411 N. Washington (Dallas) experiences surge in new healthcare tenants
Transwestern Provides Leasing Services for Former Landry Tower (APRIL. 12, 2023 – DALLAS) – Transwestern Real Estate Services (TRS) announces the recently renovated and rebranded 411 N. Washington Ave., formerly known as Landry Tower, leased more than 50,000 square feet in recent months, with four new tenants committing to the building. Notable leases and expansions […]
News Release: SMH-Venice Celebrates Topping Out of New Patient Tower
SARASOTA, Fla. – (April 12, 2023) – Sarasota Memorial celebrated a major milestone in the construction of a new, 5-story patient tower on its Venice campus. The “topping out” ceremony, a longstanding tradition that signifies work has reached the maximum height and, typically, the half-way point of construction. When complete next year, the patient tower […]
News Release: American Healthcare REIT Announces Retirement of Three Independent Directors in Connection with Board Refreshment
NEWS PROVIDED BY American Healthcare REIT, Inc. Apr 11, 2023, 14:18 ET IRVINE, Calif., April 11, 2023 /PRNewswire/ — American Healthcare REIT, Inc. (the “Company”), a self-managed, publicly registered, real estate investment trust, announced today that independent directors Harold (“Hal”) H. Greene, Gerald (“Bill”) W. Robinson and J. Grayson Sanders will retire from the Company’s […]
News Release: Flagship Healthcare Properties acquires MOB and ASC in Jackson, Tennessee
Property is anchored by the area’s leading gastroenterology clinic CHARLOTTE, N.C. — Flagship Healthcare Properties (Flagship), a Charlotte-based outpatient healthcare real estate firm, has acquired a Class A, 100% leased medical office building (MOB) and ambulatory surgery center (ASC) in Jackson, Tennessee. The 14,445-square-foot building is located at 9 Physicians Drive and is anchored by […]
News Release: H2C Advises Summit Development on monetization of Westchester medical office building
NEW YORK — H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory firm, served as advisor to Summit Development LLC (“Ownership”) on the monetization of The Medical Offices at Chappaqua Crossing (the “Property”). In a transaction led by H2C Executive Director Matthew Tarpley, the Property sold for $40.0 Million. The ±490,000-square foot Property, which originally served […]
News Release: Office Properties Income Trust and Diversified Healthcare Trust Announce Agreement to Merge in All-Share Transaction
Creates a Diversified REIT with a Broad Portfolio, Defensive Tenant Base and Strong Growth Potential Gains Access to an Attractive Portfolio of Medical Office and Life Science Properties and Provides Access to National, Private Pay Senior Living Communities Benefitting from Strategic Turnaround Expected to be Accretive to OPI Normalized Funds from Operations (NFFO) and Cash […]
News Release: Diversified Healthcare Trust and Office Properties Income Trust Announce Agreement to Merge in All-Share Transaction
Creates a Diversified REIT with a Broad Portfolio, Defensive Tenant Base and Strong Growth Potential Ensures Immediate Debt Covenant Compliance, Enhances Access to Capital and Financial Flexibility to Execute the SHOP Recovery and Capital Plan, and Enables the Refinancing of 2024 Debt Maturities DHC Shareholders to Receive 0.147 Shares of OPI Common Stock for Each […]
News Release: Fairfield Advisors announces sale of Elkhart Clinic Medical Office Building Portfolio
– $40,000,000 Transaction (Denver, CO.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Elkhart Clinic Medical Office Building portfolio. The portfolio of 6 buildings, totals 124,000 square feet, and is located in 3 separate cities in Northern Indiana. The anchor tenant is the Elkhart […]
News Release: Montecito Medical Acquires Medical Office Building in Columbia, SC
April 10, 2023 01:43 PM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a large medical office property in Columbia, South Carolina. The 119,945 square-foot building is home to South Carolina Oncology Associates, the dominant provider in the Columbia area. “We are very […]