News Release: Memorial Sloan Kettering Signs 75ksf Lease at 333 East 61st St. in NYC
LaSalle and William Macklowe Company Secure Six-Story, 75,000-Square-Foot Lease with Memorial Sloan Kettering at 333 E. 61st Street Medical Office Building NEW YORK – LaSalle Investment Management (“LaSalle”) and William Macklowe Company (“WMC”) announced that they have completed a long-term lease agreement with Memorial Sloan Kettering for 100% of the approximately 75,000 square feet of […]
News Release: Inaugural Sun City, Arizona Investment Marks Anchor Health Properties’ Entry Into the Phoenix Market
FOR IMMEDIATE RELEASE January 31, 2019 (Wilmington, DE) Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, has recently invested in a highly strategic 89,000 square foot institutional quality outpatient medical center in Sun City, Arizona through a joint venture with an affiliate of […]
News Release: Transwestern’s Houston Healthcare Team To Lease Mixed-Use Innovation Tower In Texas Medical Center
Justin Brasell and Lisa Bovermann are providing healthcare leasing services. January 30, 2019 HOUSTON – Transwestern today announces it has been retained to provide leasing services for Innovation Tower, a 48-story, 1.6 million-square-foot, mixed-use development in the Texas Medical Center. Transwestern’s Executive Vice President Justin Brasell and Senior Vice President Lisa Bovermann are providing healthcare leasing […]
News Release: HFF announces $8.6M sale of medical office building near Duke Regional Hospital in Durham, North Carolina
CHARLOTTE, NC – Jan. 30, 2019 – HFF announces the $8.6 million sale of Duke Medical Complex, a two-story medical office building totaling 79,202 square feet in Durham, North Carolina. The HFF team represented the seller, and procured the buyer, 5401 Holding Co LLC. Duke Medical Complex is located at 4321 Medical Park Drive within […]
Outpatient Projects: Developer taps virtual health startup for Phoenix-area project
National Healthcare Realty teams with Akos MD for 136,000 s.f. campus in Avondale, Ariz. AVONDALE, Ariz. — There is a lot of talk in the healthcare industry these days about virtual health and other disruptors of the status quo. Now one of those would-be disruptors, Phoenix-based telehealth startup Akos MD, is adding a more traditional […]
News Release: Pipeline Health completes its first acquisition in Chicago with addition of West Suburban, Louis A. Weiss Memorial and Westlake Hospitals
Dr. Eric Whitaker Joins Pipeline Health Leadership Team to Help Improve Access to Quality, Community‐Based Medical Care in the Chicago Area CHICAGO (Jan. 29, 2019) –Pipeline Health, a successful community‐based hospital ownership and management company headquartered in Los Angeles, announced today that it has completed the acquisition of West Suburban Medical Center, Louis A. Weiss […]
News Release: Future Footprint: Mass General Plans New Building
Jan. 29, 2019 Massachusetts General Hospital has filed a letter of intent with the city of Boston to construct a new state-of-the-art building, featuring 12 levels of clinical inpatient and outpatient space, support services and six levels of underground parking. This project will help meet the growing demands for quality health care and services, address the Mass […]
News Release: HRE Capital is pleased to announced a $65 million capitalization and joint venture structuring for Pipeline Health
Pipeline Health Acute-Care Hospital Portfolio Acquisition Capitalization Transaction Overview Healthcare Real Estate Capital (“HRE Capital”) served as financial advisor to Pipeline Health (“Pipeline” or “Operator”) related to the acquisition of Tenet Healthcare’s (“Tenet”) regional healthcare platform located throughout Greater Chicago, Illinois (“System”). The System is comprised of two acute-care hospitals totaling 470 beds, four medical […]
News Release: Just closed: Great Bend Regional Hospital | Great Bend, Kansas
The JLL Healthcare Capital Markets Group is pleased to announce the sale of the 33-bed Great Bend Regional Hospital located in Great Bend, Kansas. The acute care hospital is operated by The University of Kansas Health System subject to a long-term absolute net lease. The investment grade rated University of Kansas is the region’s only academic health […]
News Release: Tenet Completes Sale of Three Chicago-Area Hospitals to Pipeline Health
Tuesday, January 29, 2019 7:30 am CST DALLAS–(BUSINESS WIRE)–Tenet Healthcare Corporation (NYSE: THC) today announced that it has completed the sale of its three Chicago-area acute care hospitals to Pipeline Health LLC. The three hospitals included in the sale are Louis A. Weiss Memorial Hospital, Westlake Hospital and West Suburban Medical Center. About Tenet Healthcare […]
Outpatient Projects: Quality Healthtech Solutions, Trammell Crow Co. and Meadow Partners Debut The Medical Pavilion at National Harbor
Ribbon Cutting Ceremony and Open House Held to Commemorate Delivery WASHINGTON, DC, January 28, 2019 – Cushman & Wakefield, in partnership with Quality Healthtech Solutions, Trammell Crow Co. and Meadow Partners, announces the debut of The Medical Pavilion at National Harbor, a 95,000-square-foot, Class A medical office building serving National Harbor, a more than 300-acre master-planned […]
News Release: New Adventist HealthCare White Oak Medical Center Opens in Late August
News Release Published on January 28, 2019 White Oak, Md. – Adventist HealthCare has announced that it will debut a new, all-private room hospital on Sunday, Aug. 25, as Adventist HealthCare White Oak Medical Center opens to serve patients in Montgomery, Prince George’s and surrounding counties. Construction of the $400 million White Oak Medical Center is fast approaching completion. […]
News Release: Cypress West Leases to Loma Linda MEND Program
Cypress West Partners Repositions Park Plaza in Redlands to Attract Loma Linda University Health Behavioral Medical Center Rancho Santa Margarita, CA (January 28, 2019) –Cypress West Partners, a premier owner and operator of quality medical properties throughout the Western US, has announced a 12-year 15,000-square-foot lease at Park Plaza with Loma Linda University Health Behavior […]
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FOR IMMEDIATE RELEASE Capital One Closes More Than $1 Billion Unitranche Commitments in 2018 Bethesda, Md. (January 28, 2019) – Capital One announced today that its unitranche loan program, ULTra, closed approximately $1.1 billion in commitments to borrowers in the healthcare and services industries in 2018. The program, with HPS Investment Partners as its strategic […]
HREI Insights Awards: Mike Noto wins Lifetime Achievement Award
Mike Noto A chance meeting with an HRE pioneer led to a long and successful career By John B. Mugford Since longtime healthcare real estate (HRE) executive Michael A. “Mike” Noto began sporting a full beard a few years ago, he has gotten a lot of good-natured ribbing from colleagues who have noted his […]