By admin on June 2, 2023
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 […]
Full Story »Posted in Life Sciences
By admin on May 30, 2023
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 […]
Full Story »Posted in Feature Story
By admin on May 23, 2023
Inflation, interest rates and the bid-ask gap have slowed HRE lending By John B. Mugford If healthcare real estate (HRE) loan volume has declined in recent months, lenders say, don’t blame them. The real culprits, they say, are rising inflation and higher interest rates, as well as the gap between seller expectations and what buyers […]
Full Story »Posted in Feature Story
By admin on May 16, 2023
But good fundamentals and innovation will bolster the sector, BOMA panelists say By John B. Mugford From bank failures and uncertain capital markets to “broken” regulatory policies and healthcare employee burnout, today’s healthcare real estate (HRE) CEOs face many thorny issues. But they also remain confident about the long-term prospects of their business. That was […]
Full Story »Posted in Feature Story
By admin on May 10, 2023
BOMA panel discusses how they are coping with sudden changes By John B. Mugford As health systems struggle financially, with costs of providing care rising and government reimbursements not nearly keeping up, their operating margins continue to decline. According to a report by Chicago-based Kaufman Hall, a healthcare and education consulting and research firm, more […]
Full Story »Posted in Feature Story
By admin on May 2, 2023
Pinecroft Realty’s new CEO succeeds his brother, Tom Pisula, at the helm of HRE-focused firm By John B. Mugford For starting out as a side business of an energy trader back in 2003, The Woodlands, Texas-based Pinecroft Realty has done rather nicely in the healthcare real estate (HRE) sector. The full-service commercial real estate firm, […]
Full Story »Posted in Companies & People
By admin on April 29, 2023
Alexandria, BioMed/Blackstone and Healthpeak say they remain committed By Murray W. Wolf The four largest owners of life sciences real estate (LSRE) are publicly traded companies, and three of those released their first quarter (Q1) earnings reports in recent days. So how are their executives feeling about the current state of the LSRE market during […]
Full Story »Posted in Life Sciences
By admin on April 25, 2023
But occupancy rates in the top metros have hit a new high, Revista says By John B. Mugford Medical office building (MOB) sales in the first three months of the year dropped to the lowest first quarter volume for any year since 2014. But such a statistic does not necessarily reflect the overall strength of […]
Full Story »Posted in Feature Story
By admin on April 25, 2023
Firm’s longtime chief development officer, now CEO, talks about the firm’s plans and success, the HRE sector, and the man he’s succeeding at the helm, John Pollock By John B. Mugford Ever since Walnut Creek, Calif.-based Meridian was founded in 1999, it has been known as quite an innovator in the healthcare real estate (HRE) […]
Full Story »Posted in Companies & People
By admin on April 19, 2023
Development surpassed pre-pandemic levels in 2022 By Murray W. Wolf The year 2022 was a challenging one for healthcare real estate (HRE) developers. Steadily rising construction costs and inflation made construction more expensive. Rising interest rates also made debt more expensive – or unavailable altogether as some lenders “put down their pencils” for a time. […]
Full Story »Posted in Feature Story, HREI RG, Outpatient Projects
By admin on April 12, 2023
Firm’s HRE lending unit leader discusses the economy, interest rates, loan volume and more By Murray W. Wolf HREI learned last week that one of the healthcare real estate (HRE) industry’s best-known professionals, Erik Tellefson of Capital One, was recently named to an expanded role as senior managing director, head of HRE Lending. Mr. Tellefson […]
Full Story »Posted in Companies & People
By admin on April 7, 2023
Trammell Crow gets OK for first life sciences buildings for long-awaited Maryland project By Murray W. Wolf The long-awaited development of life sciences space on the historic Belward Farm tract is finally about to move forward. The Montogomery County (Md.) Planning Board voted 5-0 on March 30 to approve Trammell Crow Company’s initial site plan […]
Full Story »Posted in Life Sciences
By admin on April 4, 2023
Ventas plans to take ownership of an 88-asset medical portfolio, plus senior and hospital assets By Murray W. Wolf Most healthcare real estate (HRE) professionals seem to agree that, primarily due to higher interest rates, 2023 medical office building (MOB) sales volume will pale in comparison to recent years. So Friday’s announcement that an 88-asset […]
Full Story »Posted in Transactions
By eporter on June 2, 2023
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 […]
Posted in Behavioral Health, Breaking News, Companies & People
By eporter on June 2, 2023
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 Plaza (the “Property”) located in Durham, North Carolina. Lee Asher, Zack Holderman, Jordan Selbiger, Trent Jemmett, and Cole Reethof partnered with Ben Kilgore of […]
Posted in Breaking News, Companies & People, Life Sciences
By eporter on June 2, 2023
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 […]
Posted in Breaking News, Companies & People, Inpatient Projects
By eporter on June 1, 2023
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, […]
Posted in Breaking News, Companies & People, REIT Report
By eporter on June 1, 2023
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 […]
Posted in Breaking News, Companies & People
By eporter on May 30, 2023
– 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, […]
Posted in Breaking News, Companies & People, Life Sciences
By admin on May 24, 2023
Doug Meijer Medical Innovation Building 109 Michigan St. NW | Grand Rapids, MI 49503 Berkadia Medical and Life Sciences secured a non-recourse permanent loan at 65% LTV for the Doug Meijer Medical Innovation Building in downtown Grand Rapids, Michigan. The Sponsor is a JV between Harrison Street, Walsh Construction, Murphy Development, and Rockford Construction. Harrison […]
Posted in Breaking News, Companies & People, Life Sciences, Transactions
By admin on May 24, 2023
HOUSTON – May 24, 2023 – McCarthy Building Companies, Inc. has completed construction of two structures on the campus of Houston Methodist Sugar Land Hospital located in the greater Houston area. The project included a six-story medical office building and an attached seven-level parking garage. McCarthy broke ground in December 2021. McCarthy’s scope included a […]
Posted in Breaking News, Companies & People, Outpatient Projects
By admin on May 24, 2023
News Release The convenient, central location on Highway 610 is expected to benefit patients and tenants, including MNGI Digestive Health, which is occupying the entire second floor MAPLE GROVE and MINNEAPOLIS, Minn., May 24, 2023 – Minneapolis-based real estate developer Davis recently held an open house to celebrate the completion of the 44,000-square-foot, Class A […]
Posted in Breaking News, Companies & People, Outpatient Projects
By admin on May 23, 2023
May 23, 2023 The state-of-the-art specialty hospital and emergency room facility will expand healthcare access to a rapidly growing community east of Dallas Today, NexCore Group, a national healthcare, life sciences, and seniors housing real estate developer, announced they broke ground on the new Hunt Regional Healthcare Medical Office Building (MOB) in Royse City, Texas. […]
Posted in Breaking News, Companies & People, Outpatient Projects
By admin on May 23, 2023
Accurant Biotech signs 27,000 sq. ft. in recently renovated office center PRINCETON, N.J. (May 23, 2023) — Bergman Real Estate Group, a full-service real estate company based in Woodbridge, New Jersey, announced that the life sciences company, Accurant Biotech, Inc. has signed a 10-year lease for 26,566 feet of office space at 500 College Road […]
Posted in Breaking News, Life Sciences
By admin on May 22, 2023
New 60,500-sq. ft. Facility Located in Florida Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment and development companies, is pleased to announce the recent groundbreaking for a new $48 million inpatient rehabilitation hospital, Northwest Florida Rehabilitation Hospital in Jacksonville, FL. The Sanders Trust was selected as the developer […]
Posted in Breaking News, Companies & People, Post-Acute & Senior Living
By admin on May 18, 2023
PRESS RELEASE MAY 18, 2023 DeNoble brings more than two decades of asset management experience to the firm Boston, Massachusetts – May 18, 2023 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality real estate, including rental housing, logistics, and life sciences, today announced that Matt […]
Posted in Life Sciences
By admin on May 18, 2023
Newmark Healthcare Capital Markets Presents Gridiron MPB Portfolio 20 Properties | 479,688 SF | 11 States The Opportunity The Newmark Healthcare Capital Markets Team has been retained as the exclusive financial advisor for the sale of a portfolio of 20 outpatient medical office buildings, located in 11 states and totaling 480,000 square feet. The Portfolio […]
Posted in Listings
By eporter on May 17, 2023
MILL VALLEY, Calif.–(BUSINESS WIRE)–Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Fast Pace Health properties for $4.9 million. Fast Pace Health is an urgent care provider with […]
Posted in Breaking News, Companies & People, Outpatient Projects, REIT Report
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