News Release: Lendlease and Extell Top Out 1520 First Avenue in New York
(New York, April 25, 2024) Lendlease, a leading global real estate and investment group, today announced its New York Construction group has topped out 1520 First Avenue, a 30-story medical office building in the Yorkville section of Manhattan’s Upper East Side. Developed by Extell Development Company, the 400,000-square-foot state-of-the-art facility, slated for completion in 2025, will […]
News Release: Healthpeak Properties Reports First Quarter 2024 Results and Declares Quarterly Cash Dividend on Common Stock
DENVER–(BUSINESS WIRE)–Healthpeak Properties, Inc. (NYSE: DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, today announced results for the first quarter ended March 31, 2024. FIRST QUARTER 2024 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS – Net income of $0.01 per share, Nareit FFO of $0.27 per share, FFO as Adjusted […]
News Release: Healthpeak Properties Reports First Quarter 2024 Results and Declares Quarterly Cash Dividend on Common Stock
DENVER–(BUSINESS WIRE)–Healthpeak Properties, Inc. (NYSE: DOC), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, today announced results for the first quarter ended March 31, 2024. FIRST QUARTER 2024 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS – Net income of $0.01 per share, Nareit FFO of $0.27 per share, FFO as Adjusted […]
News Release: Riverside Health Celebrates Ribbon Cutting for New Medical Office Building at RDHW
April 25, 2024 WILLIAMSBURG, VA. — Today, Riverside Health unveiled their new medical office building (MOB) located on the campus of Riverside Doctors’ Hospital Williamsburg (RDHW). The facility broke ground in August 2022 and moved steadily through construction phases. As the facility is now complete, Williamsburg Mayor Doug Pons, Williamsburg Vice Mayor W. Dent, Virginia […]
News Release: TCC and Partners Announce Completion of Science Square Phase 1 in Atlanta
PRESS RELEASE Phase 1 includes Science Square Labs, a 370K-SF Life Science Building, and The Grace, a 280-Unit Residential Tower ATLANTA, GA, April 25, 2024 — Trammell Crow Company (TCC), a global real estate developer, and Georgia Advanced Technology Ventures (GATV), an affiliate of the Georgia Institute of Technology, have completed construction on the first […]
News Release: Leveraging Real Estate to Bend the Cost Curve: How RTG Saved Ballad Health $9 Million Annually
Healthcare system mergers and acquisitions can be monumental undertakings, filled with numerous complexities spanning business, regulatory, and cultural challenges. When Mountain States Alliance merged with Wellmont Health to form Ballad Health, the stakes were high. With over 21 hospitals, and over 200 outpatient facilities totaling more than 3 million square feet spanning 14 counties in […]
News Release: Universal Health Realty Income Trust Reports 2024 First Quarter Financial Results
Consolidated Results of Operations – Three-Month Periods Ended March 31, 2024 and 2023: KING OF PRUSSIA, Pa., April 24, 2024 /PRNewswire/ — Universal Health Realty Income Trust (NYSE:UHT) announced today that for the three-month period ended March 31, 2024, net income was $5.3 million, or $.38 per diluted share, as compared to $4.5 million, or $.32 […]
News Release: Newmark Closing Announcement
NEWMARK HEALTHCARE CAPITAL MARKETS CLOSING ANNOUNCEMENT SALE-LEASEBACK OF FIVE RESIDENTIAL TREATMENT CENTERS RESIDENTIAL TREATMENT CENTER PORTFOLIO NY, FL, NJ & MA | MARCH 2024 The Newmark Healthcare Capital Markets team announces the sale-leaseback of five residential treatment centers located in New York, New Jersey, Florida and Massachusetts. The facilities, which offer a combined 62 beds, focus on the […]
News Release: Major expansion plans unveiled for AdventHealth Daytona Beach
April 24, 2024 AdventHealth Daytona Beach announced today a multi-year, $220 million construction plan to add 104 beds, four new surgical suites and more than 240,000 square feet to the facility. The construction includes vertical expansions on two existing towers at AdventHealth Daytona Beach: a four-story vertical expansion on one tower and a one-story vertical […]
News Release: PMB and Providence St. Joseph Hospital in Orange Open New ‘Helen Caloggero Women’s and Family Center’
Sprawling New Multi-Million Dollar Facility in Orange County is a One-Stop Location to Access Full-Suite of Women’s Health, Mother-Baby Services and More ORANGE, Calif., April 24, 2024 /PRNewswire/ — PMB, a leading healthcare real estate developer, and Providence St. Joseph Hospital celebrated the grand opening of the ‘Helen Caloggero Women’s and Family Center,’ a four-story, 137,000-square-foot […]
News Releases: Transwestern completes 36,000 SF of medical office leases at Union Park in Atlanta
(APR. 24, 2024 – ATLANTA) – Transwestern Real Estate Services (TRS) announces the completion of 36,000 square feet of medical leases at Union Park, a 178,000-square-foot, four-building outpatient medical campus at 5881-5887 Glenridge Drive NE in Atlanta. Transwestern’s Atlanta Healthcare Advisory Services team, composed of Steve Hall, John V. Lopez and Bo Stuart, provides leasing […]
News Release: Inspira Health Expands Access to Care With New Multi-Service Outpatient Health Center in Gloucester County, New Jersey
New transformed facility, a former DICK’s Sporting Goods, further increases Inspira’s footprint in the region to provide high-quality care close to home Deptford, NJ (April 23, 2024) – Inspira Health has announced the opening of Inspira Health Center Deptford, a new multi-service outpatient health center in Gloucester County. In partnership with Deptford Township, Inspira officially […]
Project Case Study: Flagship got creative for this MOB
Donating land for housing smoothed the way for the Charlotte, N.C., project By John B. Mugford It’s only natural that in the healthcare real estate (HRE) development industry – and for that matter, probably any real estate development industry – that the biggest, shiniest and perhaps most expensive “trophy” projects garner the most attention. Yet […]
News Release: Marcus & Millichap Capital Corporation Arranges $23.6 Million Acquisition Financing for Northeastern Florida Medical Facility
FOR IMMEDIATE RELEASE JACKSONVILLE, Fla. April 23, 2024 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $23,625,000 in financing for the purchase of Lakeview Health, a single-tenant triple-net leased medical facility in Jacksonville, Florida. Robert Bhat, senior managing director in MMCC’s Miami office secured […]
News Release: BNBuilders Embarks on New Project for Umoja Biopharma
NEWS PROVIDED BY BNBuilders Apr 23, 2024, 09:15 ET LOUISVILLE, Colo., April 23, 2024 /PRNewswire/ — BNBuilders has begun a tenant improvement at Umoja Biopharma’s cutting-edge cGMP manufacturing facility. The project encompasses approximately 18,000 square feet of space dedicated to fostering a collaborative and innovative work environment for Umoja Biopharma’s team. It includes: Open and private […]