News Release: Incyte Expands Presence in Delaware through Acquisition of Two Downtown Wilmington Office Buildings
WILMINGTON, Del.–(BUSINESS WIRE)–Incyte (Nasdaq:INCY) today announced the expansion of its presence in Delaware with the acquisition of two buildings at 1100 North King Street and 1100 North French Street in downtown Wilmington. This acquisition marks Incyte’s fourth expansion in Delaware since establishing operations in Alapocas in 2014. The new buildings will allow the Company’s U.S.-based […]
News Release: Longfellow Delivers Major Upgrades At San Mateo Science Center
San Mateo, CA (May 21, 2024) – Longfellow Real Estate Partners, one of the largest privately owned investors and developers of life science real estate, reaffirmed its support of the life science industry throughout the Bay Area and Peninsula region with the delivery of its San Mateo Science Center campus. Acquired by Longfellow in 2021, […]
Life Sciences: Lyra Therapeutics Announces Cost-Cutting Measures To Preserve Capital
WATERTOWN, Mass., May 21, 2024 (GLOBE NEWSWIRE) — Lyra Therapeutics, Inc. (Nasdaq: LYRA) (“Lyra” or the “Company”), today announced that it is advancing its goal to preserve capital by implementing a layoff of approximately 75% of its workforce, in addition to other cost-cutting measures. In the near term, Lyra Therapeutics will focus on the two […]
Thought Leaders: MOB Investment Activity Falls in Q1; Rental Rates Continue to Climb | Q1 2024 U.S. Medical Outpatient Buildings Figures
Figures | Medical Outpatient Buildings | Q1 2024 MOB Investment Activity Falls in Q1; Rental Rates Continue to Climb CBRE RESEARCH | MAY 2024 ⇩ 1.6 B Sales Volume ⇧ 7.0% Average Cap Rate ⇩ -0.1 MSF Net Absorption ⇧ 9.7% Vacancy Rate Note: Investment volume referenced in this report is compiled using the MSCI […]
Feature Story: What about the boilers?
Capital-constrained systems face competing priorities, BOMA panel says By John B. Mugford Sure, health systems throughout the country still want to build the brightest, shiniest, trophy facilities that not only attract patients but provide them with great experiences and keep them coming back. But then again, there are boilers that need to be repaired or […]
News Release: Maugel DeStefano Architects Designs 50,000 SF Medical Office Building for Boston Development Group
Maugel DeStefano Architects, an award-winning architectural firm that shapes exceptional designs for healthcare, labs, biotech, industrial, multifamily, commercial, and custom residential homes across the Northeastern United States, announced the firm has designed a new medical office building in Needham, Mass for Boston Development Group. The site at 629-661 Highland Avenue will feature a modern […]
News Release: Baystate Health to build new, state-of-the-art community health center with landmark donation and support from MassMutual
Centrally located, comprehensive facility to improve access to quality healthcare for adult and pediatric patients in Greater Springfield region Springfield, Mass. — In an effort to improve health equity and meet the growing needs of the Springfield community, Baystate Health today announced a plan to build a comprehensive community health center in the heart of […]
News Release: Just Financed. Three Multi-Specialty Medical Clinics in Greater Atlanta MSA
Berkadia Medical and Life Sciences JUST FINANCED Multi-Specialty Medical Clinics Metro Atlanta Berkadia Medical & Life Sciences is pleased to announce the construction financing of three (3) new multi-specialty medical clinics located in the Greater Atlanta Metropolitan Area. The purpose-built projects encompass ~13,475 square feet each and are 100% leased to a dominant regional primary […]
News Release: Fairfield Advisors announces sale of Medical Office Building in Columbus, OH
– $22,750,000 Transaction – (Denver, CO.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the newly developed Medical Office Building in the Columbus, OH suburb of Reynoldsburg. The Medical Building is 61,838 square feet and was completed in Q1 2024. It is located in a […]
News Release: Northside Medical Buford opens
Published on May 20, 2024 Northside Hospital has opened its newest medical office building, Northside Medical Buford. The 100,000-square-foot facility at 2800 Buford Drive, between Coolray Field and the Mall of Georgia, brings a range of services to a fast-growing area of northern Gwinnett County. Hospital officials and local leaders celebrated the new building with […]
News Release: UM Health buys Grand Ledge site for new health care center
Published: May 20, 2024 LANSING, Mich. – University of Michigan Health will acquire an 11-acre site near Grand Ledge for a new health care center, after recent approval by the U-M Board of Regents. University of Michigan Health-Sparrow will operate the new ambulatory care center, which is expected to house both primary and specialty care […]
News Release: Maine Medical Center Scheduled to Open Malone Family Tower on June 9, 2024
May 17, 2024 PORTLAND, Maine – Maine Medical Center (MMC) is scheduled to begin admitting patients to its new 300,000-square-foot Malone Family Tower located on Congress Street on June 9. The Malone Family Tower, which will primarily serve cardiac and cardiovascular patients, is the final piece of the medical center’s multi-year expansion and modernization project […]
News Release: BMO Healthcare Real Estate provides $44,800,000 in acquisition financing to Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of the RUSH Oak Brook Medical Center.
Chicago, May 17, 2024 – BMO’s Healthcare Real Estate group announces that it closed a $44,800,000 acquisition loan for a joint venture led by Kayne Anderson Real Estate and managed by Remedy Medical Properties. The BMO loan provided financing for the acquisition of a 93,386 SF build-to-suit occupied by RUSH University Medical Center. The 2018 […]
News Release: Healthcare Property Advisors Launches HPA Exchange LLC to Offer Healthcare Real Estate Investments to Individual Investors
NEWS PROVIDED BY HPA Exchange, LLC May 17, 2024, 12:48 ET Backed by executives with decades of healthcare investment experience, firm will initially focus on Section 1031 exchange offerings ORANGE COUNTY, Calif., May 17, 2024 /PRNewswire/ — Healthcare Property Advisors announced today the launch of HPA Exchange LLC, a new real estate investment sponsor that will […]
News Release: Newmark Completes Sale of $28 Million Nationally Ranked Medical Outpatient Building Collection in Milwaukee, Wisconsin
FOR IMMEDIATE RELEASE Buyers Montecito Medical and AEW Capital Management continue the growth of their joint venture, acquiring core medical office buildings in strategic markets across the country. Milwaukee, WI (May 16, 2024) — Newmark announces it has completed the sale of a medical outpatient building (MOB) collection comprising two properties located in suburban Wisconsin. […]