News Release: Vitalis advised Woodside Health on their most recent acquisition in Humble, TX
Humble, TX (July 20, 2023) Vitalis advised Woodside Health on the acquisition of a 37,208-square-foot medical-retail building located at 9701 N Sam Houston Parkway in Humble, TX. Woodside purchased the asset for an undisclosed price from a private investor represented by Rycore Capital. The property is located in Park Lakes Landing shopping center near major […]
Life Sciences: A Q&A with King Street’s Michael DiMinico
Firm’s managing director/partner discusses development, leasing and the LSRE market BOSTON – King Street Properties is one of the world’s largest private owner/operators of life science real estate (LSRE). The Boston-based LSRE investment and development firm has 3 million square feet under ownership and management, and 4.5 million square feet in development, with assets in […]
News Release: Diversified Healthcare Trust Announces Filing of Definitive Proxy Materials and Recommends Shareholders Vote “FOR” Merger with Office Properties Income Trust on the WHITE Proxy Card
Merger is the Best Available Opportunity for Long Term Value, Creating a Diversified REIT with a Quality Portfolio, Credit Tenant Base and Strong Growth Potential with an Immediate Dividend Schedules Special Meeting for Shareholders to Approve the Pending Merger for August 30, 2023 NEWTON, Mass., July 21, 2023–(BUSINESS WIRE)—Diversified Healthcare Trust (Nasdaq: DHC) today […]
News Release: Catalyst Acquires an Office Building in Great Falls, Montana for Conversion to Medical Office
PENSACOLA, FL, July 21, 2023 – Catalyst Healthcare Real Estate(Catalyst), a full-service healthcare real estate investment firm, announces the acquisition of a 49,000 square-foot office building in Great Falls, Montana which will be converted to house diverse specialty clinics for the Great Falls Clinic. “We are thrilled to expand our relationship with the Great Falls […]
News Release: Healthcare M&A Volume Jumps in Q2:23, According to Acquisition Data from LevinPro HC
Health care merger and acquisition activity increased nearly 10% in the second quarter of 2023, hitting 696 deals, according to new acquisition data from LevinPro HC. Activity in the second quarter was 8% higher than in the first quarter, when 646 transactions were announced. However, it is a drop of 7% compared with activity in […]
News Release: TCC and CBRE IM Break Ground on 234K-SF Life Sciences Development in Redwood City, California
REDWOOD CITY, CA July 20, 2023 Trammell Crow Company (TCC), a global commercial real estate developer, and JV partner CBRE Investment Management, on behalf of a separate account client, broke ground on a 234,000-square-foot life sciences development in Redwood City, California. Located at 200 Twin Dolphin Drive, the Class A facility is slated to deliver […]
News Release: PHYSICIANS REALTY TRUST CELEBRATES 10 YEARS IN BUSINESS ON JULY 19, 2023
Company Release – 7/19/2023 A Decade of Excellence in Real Estate Investment, Growth, and Teamwork MILWAUKEE–(BUSINESS WIRE)— On July 19, 2023, Physicians Realty Trust (the “Company”) (NYSE: DOC) proudly marks a momentous milestone as it celebrates the 10th anniversary of its Initial Public Offering (IPO) on the New York Stock Exchange on July 19, 2013. […]
News Release: Montecito Medical Acquires Surgery Center Property in Upstate New York
NASHVILLE, Tenn., July 19, 2023–(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a surgery center property in Halfmoon, New York. The 10,000 square-foot building is tenanted by Northway Surgery and Pain Management Center. The group’s physicians opted to retain 30% ownership in the property through Montecito’s Provider Real Estate Partnership […]
News Release: Cincinnati Children’s plans medical building in Eastgate
Site will feature surgery, specialty clinics, urgent care Tuesday, July 18, 2023 A rendering of Cincinnati Children’s Eastgate. The Cincinnati Children’s Eastgate medical building in Clermont County will be on Ivy Pointe Boulevard off Interstate 275 and Ohio 32. Cincinnati Children’s plans to construct a medical building that will include an outpatient surgery center, specialty […]
People & Companies: Remembering Bob Rosenthal, an HRE ‘pioneer’
Founder and longtime president of PMB passed away on July 3 at the age of 91 By John B. Mugford As far as Mark Toothacre is concerned, the most influential and positive person in his life has been his wife, Alice, to whom he has been married 34 years. Next on the list is Robert […]
News Release: Realty Trust Group Partners with Hamilton Health Care System on New Cardiovascular Pavilion
KNOXVILLE, Tenn., July 18, 2023 /PRNewswire/ — Realty Trust Group (RTG) has been selected to provide program management services for the recently announced Cardiovascular Pavilion to be constructed on the main campus of Hamilton Medical Center in Dalton, Georgia. The 175,000-square-foot expansion will offer a broad range of services, spanning cardiovascular surgery, electrophysiology, interventional cardiology, and structural […]
News Release: Geisinger Behavioral Health Center Northeast Celebrates Grand Opening in Moosic (Pa.)
July 17, 2023 05:40 PM Eastern Daylight Time MOOSIC, Pa.–(BUSINESS WIRE)–Geisinger Behavioral Health Center Northeast held a ribbon cutting ceremony today to mark the completion of construction and celebrate the joint venture between Geisinger and Acadia Healthcare. The 96-bed facility will provide care for adult, pediatric and adolescent patients who struggle with acute symptoms of […]
News Release: Anchor Health Properties Furthers Atlanta MSA Footprint with Significant Investment in a Nearly 92,000 Square Foot Class A MOB
FOR IMMEDIATE RELEASE July 17, 2023 (Atlanta, GA) Continuing to expand the company’s nearly one million square foot owned and managed portfolio in Georgia, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, recently closed on a three story, 91,940 square foot Class […]
News Release: Two Life Science Innovators Expand Within TCC’s Fulton Labs Portfolio in Chicago
CHICAGO, IL CZ Biohub Chicago and Portal Innovations Signed Deals at 400 N. Aberdeen to Grow their Footprints within the Fulton Labs Campus July 17, 2023 Trammell Crow Company (TCC), a global commercial real estate developer, announced that two tenants at Fulton Labs, the firm’s 725,000-square-foot, two-building life science campus in Chicago, signed leases to […]
Life Sciences: Despite ‘growing pains,’ fundamentals remain strong
IMN panel discusses ‘flight to quality,’ ‘sad labs,’ changing office-lab ratios and more By Murray W. Wolf About one year ago, a group of life sciences real estate (LSRE) experts gathered in San Diego noted that, due to the economic climate – which, at the time, included high inflation, rising interest rates and other factors […]