News Release: PharmaEssentia Establishes a New Research and Development Facility in the Boston Area
The PharmaEssentia Innovation Research Center (PIRC) will advance the company’s diverse pipeline and research footprint in the U.S., driving job creation January 04, 2023 08:00 AM Eastern Standard Time TAIPEI,Taiwan–(BUSINESS WIRE)–PharmaEssentia Corporation, (TPEx:6446), a global biopharmaceutical innovator headquartered in Taiwan leveraging deep expertise and proven scientific principles to deliver new biologics in hematology and oncology, […]
News Release: GFH Acquires Big Sky Asset Management
The acquisition further enhances GFH’s US presence Builds on its thematic focus on attractive and defensive markets Manama, 03 January 2023 – GFH Financial Group (“GFH” of the “Group”) today announced it has completed the acquisition of a majority stake in Big Sky Asset Management (“Big Sky”), a US-based real estate asset manager focused on […]
Feature Story: HRE developers see plenty of opportunities in 2023
Headwinds are likely to slow activity, but the need for projects will remain strong By John B. Mugford With so many economic headwinds facing almost all business sectors, even the recession-resistant healthcare real estate (HRE) sector, why is a group of development professionals involved in the HRE space remaining so optimistic? Both medical office building […]
News Release: Remedy Medical Properties and Kayne Anderson Real Estate acquire $131 million, 13-property portfolio
FOR IMMEDIATE RELEASE Acquisition of the 300,328-square-foot Project Prism (Montecito) Portfolio consisting of 13 fully leased medical office properties in eight states closed in late December CHICAGO and BOCA RATON, Fla., Jan. 4, 2023 – Joint venture (JV) partners Remedy Medical Properties and Kayne Anderson Real Estate announced today that they have acquired the Project […]
News Release: UC Investments Creates Strategic Venture with Blackstone to Invest $4 Billion in BREIT Common Shares
Oakland, CA, and New York, January 3, 2023 – The Office of the Chief Investment Officer of the Regents of the University of California (“UC Investments”) and Blackstone (NYSE: BX) today announced a long-term strategic venture in which UC Investments will invest $4 billion in Blackstone Real Estate Income Trust, Inc. (“BREIT”) Class I common […]
News Release: Bristol Myers Squibb Completes Sale of Manufacturing Facility in Syracuse, New York
January 03, 2023 06:59 AM Eastern Standard Time NEW YORK–(BUSINESS WIRE)–Bristol Myers Squibb (NYSE: BMY) has completed the previously announced sale of its manufacturing facility in Syracuse, New York to LOTTE BIOLOGICS. The divestiture is part of Bristol Myers Squibb’s ongoing evolution of its manufacturing network to support its product portfolio. As part of the […]
News Release: Stonemont Financial Group Acquires Premier MOB in Alpharetta
The firm has plans for a significant capital improvement program at Preston Ridge Medical Office Building, which houses Northside Hospital and a number of top healthcare providers ATLANTA (Jan. 2, 2023) – Stonemont Financial Group, a private real estate investment firm specializing in industrial development, acquisitions, net lease investments, and healthcare announced today that it […]
News Release: Newmark Represents Providence in $84 Million Disposition of 468,000-Square-Foot Office Portfolio in Renton, Washington
Seattle, WA (December 29, 2022) — Newmark announces it has arranged the sale of Southgate Campus, a two-building Class A office campus totaling 268,000 square feet and Valley Office Park, a four-building 209,000-square-foot office park, in Renton, Washington. Seattle Children’s Hospital purchased the assets for a total of $84 million. Newmark Executive Managing Director Garth […]
News Release: Easterly Government Properties Completes the Sale of Final Property in the Previously Announced 10-Property Portfolio Disposition
WASHINGTON, Dec. 29, 2022, (BUSINESS WIRE)— Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, announced today that it has sold the final asset in the previously announced portfolio disposition, comprised of 10 […]
News Release: Bull Realty Arranges Sale of ± 27,000 SF Medical Office Building in Memphis, TN
Atlanta, Dec. 28, 2022 – Paul Zeman, President of Healthcare Real Estate Services and Partner at Bull Realty, represented the seller for the disposition of a ± 27,000 SF medical office building in Memphis, TN. The property located at 1727 Kirby Parkway was sold to Flagship Healthcare Properties for $9,600,000 on December 20, 2022. The […]
Feature Story: The top 10 healthcare real estate stories of 2022
A look at some big deals and JVs; slowing MOB sales; health system struggles By John B. Mugford As we entered 2022 and it looked as if the COVID-19 pandemic was finally in the rearview mirror, most of professionals involved healthcare real estate (HRE) were confident that good things were on the horizon for the […]
News Release: Flagship Healthcare Properties’ REIT Acquires Winter Haven Medical Office Building
Newly Renovated Property is home to Center for Retina and Macular Disease CHARLOTTE, N.C. — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, has acquired a Class A medical office building (MOB) located at 250 Avenue K SW in Winter Haven, Florida. The 27,910-square-foot property was originally built in 2005 and renovated in […]
News Release: Gemini Rosemont adds Peninsula Life Science Center eight-story office building to portfolio in all cash transaction
LOS ANGELES – December 21, 2022 – Gemini Rosemont Commercial Real Estate, a vertically integrated real estate investment management firm specializing in Class A multi-tenant office and luxury residential properties, has acquired Peninsula Life Science Center for $59,350,000. The eight-story office building located at 1828 El Camino Real in the San Francisco Peninsula’s city of […]
News Release: Northmarq finalizes $20 million refinance of medical office property located in Beverly Hills central business district
Medical Office – Debt LOS ANGELES, CALIFORNIA (December 21, 2022) – Ory Schwartz, senior vice president/managing director of Northmarq’s Los Angeles debt/equity team arranged the $20 million refinance of a 126,567 sq. ft. class A office property. Located at 8750 Wilshire Boulevard in Beverly Hills’ central business district, the property was originally built in 1991 […]
News Release: Closing Announcement – Crouse Medical Center (Syracuse, N.Y.)
Newmark Healthcare Capital Markets nmrk.com CLOSING ANNOUNCEMENT HEALTHCARE CAPITAL MARKETS CROUSE MEDICAL CENTER HUB OUTPATIENT CAMPUS SYRACUSE, NY | DECEMBER 2022 175,000 SF ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Newmark announces the sale of the 175,000 square foot Crouse Medical Center, an outpatient campus along the “main and main” East Syracuse healthcare cluster of Brittonfield Parkway. The campus is nearly 100% […]