News Release: Mayo Clinic Board of Trustees approves enabling projects for Bold. Forward. Unbound. in Rochester
June 5, 2023 ROCHESTER, Minn. — Bold. Forward. Unbound. in Rochester is a multiyear strategic initiative to help achieve the Mayo Clinic’s strategy to Cure, Connect and Transform health care. The project reinforces Mayo Clinic’s commitment to the City of Rochester and State of Minnesota. The initiative focuses on reimagining Mayo Clinic’s downtown Rochester campus, […]
News Release: Fairfield Advisors announces sale of Renewal Medical Office Building in Denver, CO.
– $13,150,000 Transaction – (Denver, CO.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Renewal Medical Office Building in the Denver metro-area. The building totals 36,500 square feet and is located at 9777 S. Yosemite Street in Lone Tree, CO. The multi-tenant building is […]
News Release: H2C Secures Operators for Two Behavioral Health Hospitals
NEW YORK, June 2, 2023 – H2C Securities Inc. (“H2C”), a healthcare-focused strategic advisory firm, served as the exclusive advisor to FJM Health and Senior Services (“FJM”), to secure alternative operators for two recently-developed inpatient psychiatric hospitals located in Prescott, AZ and Kennewick, WA. Executive Director Matthew Tarpley and Vice President Michael Fioravanti led the […]
News Release: Just Closed –100% Leased to Duke Health with 10+ Years of Term in the Heart of Durham’s Research Triangle
Capital Markets | Healthcare & Life Sciences Just Closed 100% Leased to Duke Health with 10+ Years of Term in the Heart of Durham’s Research Triangle CBRE Transaction Highlights Date Closed: 5/25/2023 Size: 60,192 SF Occupancy: 100% Duke Medical Plaza | Durham, NC CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Duke Medical […]
Life Sciences: Supply is outpacing demand, with more in the pipeline
RevistaLab data shows falling occupancies, fewer transactions in Q1 2023 By Murray W. Wolf and John B. Mugford Life sciences real estate (LSRE) construction completions are outpacing space absorption, which is driving down occupancy rates. Meanwhile, the pace of sales transactions has slowed considerably during the past two quarters. That’s not news to anyone familiar […]
News Release: Catalyst and National Celebrate the Grand Opening of a PAM Health Inpatient Rehabilitation Hospital
PENSACOLA, FL, June 2, 2023 – Catalyst Healthcare Real Estate (Catalyst), a full-service healthcare real estate investment firm, andNational Real Estate Advisors, LLC (National), an investment manager developing and managing large-scale real estate projects on behalf of its clients, celebrate the grand opening of the state-of-the-art PAM Health Rehabilitation Hospital of Miamisburg. This two-story inpatient […]
News Release: CareTrust REIT Adds New Operator in West Coast Portfolio Acquisition
SAN CLEMENTE, Calif., June 2, 2023–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has worked together with a regional investor in healthcare real estate to facilitate the acquisition of a multi-facility portfolio of skilled nursing facilities located on the West Coast. As part of the transaction, CareTrust acquired three skilled nursing facilities on June […]
News Release: CareTrust REIT Acquires Two Memory Care Facilities with Experienced Operator
SAN CLEMENTE, Calif., June 2, 2023 –(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 105-unit, two-facility memory care portfolio with facilities located in Ohio and Michigan. The facilities will be operated by affiliates of Ridgeline Management Company under a new, 15-year master lease with CareTrust that includes two, 5-year extension options […]
News Release: CareTrust Expands in Texas with New Operator Relationship
SAN CLEMENTE, Calif., June 2, 2023–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 125-bed skilled nursing facility located in the greater Houston metropolitan area. The facility will be operated by an affiliate of Evergreen Health Group, LLC, a new tenant relationship for CareTrust. Evergreen Health Group is a Texas-based operator of […]
News Release: Healthcare Realty Trust Announces Stock Repurchase Authorization
NASHVILLE, Tenn., June 01, 2023 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) today announced that its board of directors has authorized the repurchase of up to $500 million of the company’s Class A common stock. Repurchases may be made at management’s discretion from time to time on the open market, through privately negotiated transactions, […]
News Release: CBRE Appoints Chris Bodnar to Lead Advisory Services Healthcare in the U.S.
Dallas – June 1, 2023 – CBRE announced today that industry veteran Chris Bodnar has joined the firm as leader for Advisory Services Healthcare in the U.S. Mr. Bodnar, a well-established healthcare real estate professional with more than 20 years of experience, will lead CBRE’s healthcare growth strategy across its Advisory Services lines of business, including […]
News Release: Skanska secures zoning rights for 158,000 sqm in Boston’s Longwood Medical Area, Boston, USA, for USD 344M, about SEK 3.7 billion
STOCKHOLM, June 1, 2023 /PRNewswire/ — Skanska has closed on a land investment with Simmons University and secured the development rights for a 158k sqm development, Longwood Place, in the Longwood Medical Area. The initial investment is USD 344M, about SEK 3.7 billion. Payment for the land acquisition will be made successively up to 2026, by […]
News Release: Jacobson Properties Arranges Sale Of Western Connecticut Medical Center South
May 31, 2023 (Danbury, CT) Lisa Menin of Jacobson Properties is pleased to announce the sale of Western Connecticut Medical Center South, a 39,566 square foot Class A medical office building located at 69 Sand Pit Road, Danbury, Connecticut. Western Connecticut Medical Center South was sold by Western Connecticut Medical Center South, LLP to an […]
News Release: Oxford Properties Completes US$91 Million Sale of Newly Constructed, 140,000 Square Foot Boston GMP Facility to Pioneering Biotechnology Firm Moderna
– Originally acquired by Oxford as a development and investment opportunity in 2021, the transaction highlights continued institutional demand for best-in-class biomanufacturing space – BOSTON, May 30, 2023 /PRNewswire/ – Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and developer, today announced the sale of 149 Hayes Memorial Drive, a newly built, […]
Feature Story: Mild recession could be looming by year-end
Economist Sam Chandan notes that Fed is likely putting an end to interest rate increases By John B. Mugford As you probably know, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement over the Memorial Day weekend to raise the national debt ceiling, and Congress is scheduled to take up the plan […]