News Release: Summit Health Signs Long-Term Lease Renewal and Expansion at 644 West Putnam Avenue in Greenwich, CT
Greenwich, CT – July 11, 2024 – Simone Development Companies and Fareri Associates announced that Summit Health has signed a long-term lease renewal and expansion totaling 19,853 square feet of medical office and urgent care space at 644 West Putnam Avenue in Greenwich, CT. Summit Health will renew its existing 14,243-square-foot space on the ground […]
News Release: UAB Medical West holds ribbon-cutting for new facility to open in early August
by Alicia Rohan July 11, 2024 UAB Medical West, an affiliate of the UAB Health System, has completed its new facility, with the intent of opening to the public in early August. A ribbon-cutting July 11 begins the transition from the former hospital location, where UAB Medical West has been since 1964, to the new […]
News Release: Newmark Arranges Sale of Medical Office Project in Scottsdale, Arizona for $11 Million
PHOENIX, July 11, 2024 — Newmark announces it has arranged the sale of 90 Mountain View I, a three-story 91,082 square-foot, Class A office and medical office project located at 9977 North 90th Street in Scottsdale, Arizona, a submarket of Phoenix. The asset sold for $11,000,000. Newmark Executive Managing Directors Barry Gabel, Chris Marchildon and […]
News Release: OhioHealth Medical Offices Open at OhioHealth Doctors Hospital
Columbus, OH, July 11, 2024 Today, OhioHealth announced the opening of newly renovated medical offices that will be attached to OhioHealth Doctors Hospital at 5131 Beacon Hill Road. This $20 million investment will improve space for patient care, recruit more physicians, bring more services to the west side, and improve physician and staff satisfaction and […]
News Release: JLL completes sale of 37,000 SF San Diego medical office building
JLL Capital Markets led the sales efforts for 450 4th Ave, which is on the campus of the Scripps Mercy Hospital Chula Vista SAN DIEGO, July 9, 2024– JLL Capital Markets announced today that it has completed the sale of 450 4th Ave., a nearly 37,000-square-foot medical outpatient building in Chula Vista, California. JLL’s Medical Properties Group represented the […]
News Release: JLL’s Value and Risk Advisory platform expands alternatives group
Will Childs and Brian Spillers join the team focused on seniors housing and healthcare sectors CHICAGO, July 10, 2024 – JLL’s Value and Risk Advisory platform announced today that it has hired Senior Director Will Childs and Director Brian Spillers to focus on seniors housing and healthcare properties within its alternatives group, led by Executive […]
News Release: Lisa Bevacqua Appointed as Senior Managing Director For CBRE’s Investor Portfolio Management Group
Dallas – July 10, 2024 – CBRE today announced that Lisa Bevacqua will join the company as Senior Managing Director, Investor Portfolio Management (IPM), leading Brookfield Properties operated by CBRE. Earlier this year, CBRE announced a strategic partnership with Brookfield Properties to deliver comprehensive property management services for Brookfield Properties’ more than 65 million square foot […]
RETHINK: Announcing our Sustainability Report for 2023
We are excited to share our Sustainability Report for 2023 with the Rethink Healthcare Real Estate community! Over the past year, we’ve made significant strides in enhancing our sustainability and community practices across our properties. Through stakeholder engagement and advanced data monitoring, we’ve implemented ESG strategies tailored to meet the needs of our properties and […]
News Release: MidFirst Bank Closes $167 Million Loan Transaction to Bethany Children’s Health Center
Loan Will Support New Outpatient and Specialty Services July 10, 2024 OKLAHOMA CITY – MidFirst Bank, through its National Healthcare Lending division, is the lead bank in the financing for a new complex on the Bethany Children’s Health Center campus. MidFirst Bank and seven other local financial institutions provided loan funds totaling $167 million for […]
News Release: Sanford, Marshfield Clinic announce intent to combine
Marshfield Clinic Health System serves rural Wisconsin and Michigan’s Upper Peninsula Written by Paul Heinert July 10, 2024 Marshfield Medical Center in Marshfield, Wisconsin, is part of the Marshfield Clinic Health System serving rural areas of Wisconsin and Michigan. (Photo by Marshfield Clinic Health System) Sanford Health, the largest rural health system in the U.S., […]
News Release: Detroit senior living portfolio acquired by MedCore and American House partnership
JLL Capital Markets led the sales efforts for the two assisted living/memory care facilities in Troy and Rochester Hills, Michigan BOSTON, July 10, 2024 – JLL Capital Markets announced today that it has arranged the sale of Anthology of Troy and Anthology of Rochester Hills, two seniors housing communities totalling 184 units in the Detroit metropolitan […]
News Release: Final Regulatory Hurdle Passed for University of Maryland Shore Regional Medical Center Project
For Immediate Release July 10, 2024 Today, the Maryland Health Services Cost Review Commission (HSCRC) approved the rate application request from University of Maryland Shore Regional Health (UM SRH), a member organization of the University of Maryland Medical System (UMMS), for the new Shore Regional Medical Center in Easton. HSCRC’s approval helps offset interest and […]
News Release: Hammes completes Blue River Surgery Center in Kansas City
FOR IMMEDIATE RELEASE MILWAUKEE, WI – July 9, 2024 – Hammes, a national real estate consulting, development, investment and management firm, recently completed the Blue River Surgery Center in Kansas City. The new 22,500-square-foot ambulatory surgery center, which is now open to patients, includes five operating rooms and two specialty procedure rooms for orthopedic, gastroenterology […]
News Release: JLL completes sale of 37,000 SF San Diego medical office building
JLL Capital Markets led the sales efforts for 450 4th Ave, which is on the campus of the Scripps Mercy Hospital Chula Vista SAN DIEGO, July 9, 2024 – JLL Capital Markets announced today that it has completed the sale of 450 4th Ave., a nearly 37,000-square-foot medical outpatient building in Chula Vista, California. JLL’s Medical […]
Transactions: AW buys nine MOBs for $99.5M
Healthcare Realty was the seller of the 309,424 s.f. portfolio in North Carolina By John B. Mugford Amid the current slowdown in the medical outpatient building (MOB) sales sector, another significant sale has taken place. North Palm Beach, Fla.-based AW Property Company, a longtime healthcare real estate (HRE) firm focused on MOBs, in late June […]