Post-Acute & Senior Living: Historic Ill. hospital gets new life
Chicago developer taps into state incentives to convert building to 60 units By John B. Mugford A vacant, Art Deco-style hospital building in the Chicago suburb of Aurora, Ill., saw its last days as an inpatient facility many years ago.
Industry Pulse: On the Record – Mervyn Alphonso
How are health system real estate strategies changing?
Industry Pulse: Koch Cash Aiding Two NYC Cancer Centers
Koch Industries exec gives to two large outpatient facilities Time for quick construction updates on what will undoubtedly be two of the largest, and certainly two of the most expensive, outpatient facilities ever built in this country.
Companies & People: Ryan Cos. US executives are hoping to raise $60 million for healthcare real estate fund
MINNEAPOLIS – Executives with Minneapolis-based Ryan Companies US Inc., which has a relatively new healthcare division, are seeking to raise $60 million in equity for the new Ryan Healthcare Real Estate Fund I LLC.
Companies & People: Stream Realty Partners hires John Huff to lead its new healthcare real estate platform
DALLAS – Stream Realty Partners, which operates more than 130 million square feet of industrial, office, retail and multifamily space, recently named John Huff as the managing director of its new healthcare real estate division in the Dallas-Fort Worth market.
Companies & People: David Chung hired to oversee West Coast healthcare real estate development for Duke Realty
INDIANAPOLIS – David Chung recently joined Duke Realty as VP of development, healthcare. In his new role, Mr. Chung oversees all phases of development, including client solicitation and business development, planning, budgeting, design and construction, on the West Coast.
Companies & People: Ventas closes on $1.5 billion purchase of 25-property, 4.5 million square foot Wexford portfolio
CHICAGO – Ventas Inc. (NYSE: VTR) recently completed its $1.5 billion acquisition of the Wexford Science & Technology portfolio of life science and medical properties from affiliates of Blackstone Real Estate Partners VIII LP.
Companies & People: New members, returnees join board
Magazine’s Editorial Advisory Board bolsters its reach within HRE sector By Murray W. Wolf Two new members have been added to the Healthcare Real Estate Insights™ Editorial Advisory Board (EAB), which comprises industry leaders who are active in healthcare real estate (HRE) development, financing, investment, advisory services, consulting, brokerage, property management and law, as well […]
Companies & People: Skanska USA lands contract for early work at U of Virginia Hospital project
CHARLOTTESVILLE, Va. – New York-based Skanska USA is performing early site work, relocating utilities and installing building foundations at the University of Virginia’s hospital in Charlottesville.
Companies & People: First building of planned four-building medical park opens in Lithia, Fla., east of Tampa, Fla.
LITHIA, Fla. – The 22,600 square foot first building of FishHawk HealthPark has opened in Lithia, about 20 miles east of Tampa, Fla. Tenants include Pediatric Health Care Alliance and BayCare Medical Group.
News Release: Capital One Closes $162.5 Senior Secured Credit Facility for Palm Garden Healthcare
Bethesda, Md. (October 24, 2016) – Capital One announced today that it served as sole lead arranger and administrative agent for a $162.5 million senior secured credit facility consisting of a real estate term loan, a capex line of credit and an asset-based revolver. Palm Garden Healthcare, the borrower, owns 14 skilled nursing facilities and an […]
News Release: Marcus & Millichap sells San Fernando Valley office and medical campus for $32 million
TARZANA, Calif., Oct. 20, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Tarzana Professional Center, an office and medical campus consisting of approximately 160,345 rentable square feet in Tarzana, California. The $32 million sales price […]
News Release: Just Closed – 1720 El Camino Real
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of 1720 El Camino Real in Burlingame, California. Sale Date: October 5, 2016 Sale Price: $28,500,000 Price Per SF: $312 Building Size: 91,396 SF Occupancy: 91% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of […]
News Release: Just Closed – Peter Jefferson Place Medical Center
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Peter Jefferson Place Medical Center in Charlottesville, Virginia. Sale Date: September 22, 2016 Building Size: 73,997 SF Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Peter Jefferson Place Medical Center (the “Property”) in Charlottesville, […]
News Release: Just closed – Doctors Community Hospital Professional Office Building
The transaction involved the investment sale of Doctors Professional Building located on the Doctors Community Hospital campus in Washington, D.C. The JLL Healthcare Capital Markets Group is pleased to announce the sale of Doctors Professional Building, a 100% leased, 64,261 square-foot, Class A medical office building located on the campus of Doctors Community Hospital in […]