Life Sciences: Alexandria’s frustration with NYC boils over
Long exasperated with city officials, the life sciences REIT takes legal action By Murray W. Wolf As has been widely reported, Alexandria Real Estate Equities Inc. (NYSE: ARE) filed a lawsuit in U.S. District Court last Tuesday, Aug. 6, against the New York City Health + Hospitals Corporation (H+H) and the New York City Economic […]
Life Sciences: Longfellow’s vacant Emeryville, Calif., campus faces a lawsuit and plans for a partial sale
EMERYVILLE, Calif. – In spring 2021, when the life sciences real estate (LSRE) frenzy was near its peak, Longfellow Real Estate Partners LLC proposed the development of a new, three-building, 965,322 square foot residential and office/lab project in Emeryville. The project was to entail the redevelopment of three industrial parcels totaling nearly 7.3 acres, just […]
News Release: Berkadia Secures $47.4M in Financing for a 135-Unit Seniors Housing Community in Kensington, Maryland
KENSINGTON, MARYLAND – August 8, 2024 – Berkadia announced today the financing of Modena Reserve at Kensington, a 135-unit, seniors housing community in Kensington, Maryland. Managing Directors Steve Muth and Austin Sacco of Berkadia Seniors Housing & Healthcare secured a $47.4 million loan through a Debt Fund on behalf of the sponsors: A global real […]
News Release: Texas Tech Officials Cut Ribbon on Newest Academic Facility
The Academic Sciences Building offers greater opportunities for collaboration, research and experiential learning. Officials from Texas Tech University, the Texas Tech University System and other community stakeholders celebrated during a ribbon-cutting ceremony today (Aug. 9), officially declaring the Academic Sciences Building (ASB) open for business just as a new academic year appears on the […]
News Release: Ryan Companies Promotes Steve Stecker, CHC to Senior Vice President of Project Development
MINNEAPOLIS, Minn. (Aug. 8, 2024) – Ryan Companies US, Inc., a national commercial real estate solutions provider, is pleased to announce the promotion of Steve Stecker, CHC to Senior Vice President of Project Development, Healthcare. In his elevated role, Stecker will lead business development efforts to further enhance Ryan’s diverse healthcare construction portfolio and sector-specific […]
News Release: Simone Development Signs New Oral Surgeon Practice at 35-30 Francis Lewis Blvd. in Flushing Section of Queens, NY
FLUSHING, NY (August 8, 2024) – Simone Development Companies has signed a 4,807-square-foot, long-term lease of prime medical space with All County Oral & Maxillofacial Surgery at 35-30 Francis Lewis Blvd. in the Flushing section of Queens, NY. Ownership was represented by in-house leasing and legal teams in direct negotiations with the tenant. The recently […]
News Release: Refinancing arranged for North Atlanta medical office portfolio
JLL Capital Markets led the refinancing efforts for Perimeter Town Center in Sandy Springs ATLANTA, Aug. 8, 2024 – JLL Capital Markets announced today that it has arranged refinancing for Perimeter Town Center, a 274,284-square-foot portfolio comprising multiple medical office properties in Sandy Springs, Georgia. JLL worked on behalf of the borrower, Harrison Street and Ackerman […]
News Release: Berkadia Negotiates Class A Active Adult Sale in Greenville, South Carolina
GREENVILLE, SOUTH CAROLINA – August 8, 2024 – Berkadia announced today the sale of The Aspens Verdae, a newly built 159-unit, active adult community in Greenville, South Carolina. Berkadia Seniors Housing & Healthcare, led by Managing Directors Cody Tremper, Mike Garbers, Dave Fasano, and Ross Sanders, negotiated the transaction on behalf of the seller, Texas-based […]
News Release: Healthcare Trust to Internalize Management
NEW YORK–(BUSINESS WIRE)–Healthcare Trust, Inc. (Nasdaq: HTIA / HTIBP) (“HTI”) announced today that it has entered into a definitive agreement with Healthcare Trust Advisors, LLC (the “Advisor”), the external advisor to HTI, and AR Global Investments, LLC, the indirect parent company of Advisor and Healthcare Trust Properties, LLC (the “Property Manager”), the external property manager […]
News Release: Sabra Reports Second Quarter 2024 Results; Increases 2024 Guidance
TUSTIN, Calif.–(BUSINESS WIRE)–Sabra Health Care REIT, Inc. (“Sabra,” the “Company” or “we”) (Nasdaq: SBRA) today announced its results of operations for the second quarter of 2024. SECOND QUARTER 2024 RESULTS AND RECENT EVENTS Results per diluted common share for the second quarter of 2024 were as follows: Net Income: $0.10 FFO: $0.35 Normalized FFO: $0.35 […]
News Release: $35.8M in financing secured for two Southern California medical properties
JLL Capital Markets worked on behalf of Turner Impact Capital’s Healthcare Facilities Funds to secure financing for 1650 Adams Ave in Costa Mesa and 480 4th Ave in Chula Vista SAN DIEGO, Aug. 7, 2024 – JLL Capital Markets announced today that it arranged $35.83 million in financing in two separate transactions for 1650 Adams Ave., […]
News Release: Refinancing arranged for North Atlanta medical office portfolio
JLL Capital Markets led the refinancing efforts for Perimeter Town Center in Sandy Springs ATLANTA, Aug. 7, 2024 – JLL Capital Markets announced today that it has arranged refinancing for Perimeter Town Center, a 274,284-square-foot portfolio comprising multiple medical office properties in Sandy Springs, Georgia. JLL worked on behalf of the borrower, Harrison Street and Ackerman […]
News Release: Aimco Reports Second Quarter Results, Updates Guidance, and Provides Highlights on Recent Activities
DENVER, Aug. 7, 2024 /PRNewswire/ — Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today second quarter results for 2024, updated guidance, and provided highlights on recent and planned activities. Financial Results and Highlights Aimco’s net loss attributable to common stockholders per share, on a fully dilutive basis, was $(0.43) for the quarter ended […]
News Release: Sila Realty Trust Announces Second Quarter 2024 Results
August 06, 2024 05:00 PM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)–Sila Realty Trust, Inc. (NYSE: SILA) (“Sila”, the “Company”, “we”, or “us”), a net lease real estate investment trust (“REIT”) with a strategic focus on investing in the large, growing, and resilient healthcare sector, today announced operating results for the second quarter ended June 30, 2024. […]
News Release: CLOSED! Strategic Outpatient Portfolio Financing
NEWMARK HEALTHCARE CAPITAL MARKETS CLOSING ANNOUNCEMENT CYPRESS WEST AND TPG ANGELO GORDON MOB PORTFOLIO FINANCING LOCATED EXCLUSIVELY IN TOP 10 MSAs The Newmark Healthcare Capital Markets team has advised Cypress West Partners in joint venture with TPG Angelo Gordon on a strategic medical outpatient portfolio financing. The portfolio consists of six Class A medical outpatient […]