Healthcare CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
More Healthcare Stories
Companies achieve great success when aligned around a common goal and brand story. The experts integrated into our team at Connect Creative span every marketing and communications discipline and channel, encompassing skilled graphic designers, public relations leaders, copy writers, content producers, digital wizards, and website developers. A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way.
Latest Atlanta & Southeast Healthcare Stories
Rendina Healthcare Real Estate, The Jackson Clinic and Baptist Memorial Health Care have begun construction on an outpatient campus and medical office building in Jackson, TN. The two-story facility will sit on a portion of a 59-acre parcel owned by Baptist and located at the intersection of Passmore Lane and U.S. Hwy 45. The facility …
Southwest Value Partners and AEG, joint venture partners and co-developers of Nashville Yards, have entered into a strategic agreement with Ascension Saint Thomas for the healthcare provider to become a founding partner in the development. When complete, the Nashville Yards development will be a walkable, urban community featuring the 591-room luxury Grand Hyatt Nashville and …
Latest Boston & New England Healthcare Stories
Newmark has completed the $7.1-million sale of 701 George Washington Highway, a Class A medical/office building located in Lincoln, RI. A Newmark team of Michael Greeley, Joseph Alvarado and George Demoulas represented the seller, FH French, and procured the buyer, Legacy Capital Ventures. Newmark’s Robert Griffin, Frank Nelson, Blake McLaughlin, Allie Percoco and Casey Valente …
Medical Properties Trust, Macquarie Asset Management Reach $1.2B Agreement for MA Hospital Portfolio
Medical Properties Trust, Inc., has completed the previously announced transaction with Macquarie Infrastructure Partners V, a private fund managed by Macquarie Asset Management to form a partnership in which a MAM-controlled subsidiary has acquired a 50% interest in a portfolio of eight MA hospitals owned by MPT. CBRE served as equity recapitalization and debt financing …
Latest California Healthcare Stories
CBRE arranged $75 million in financing for the acquisition and redevelopment of Shoreway Innovation Center along the 101 Corridor in Belmont. The borrower, Bay Area investment and operating company Four Corners Properties, will redevelop the seven-acre property into a new life sciences campus. Mike Walker and Brad Zampa with CBRE Capital Markets’ Debt & Structured …
Stockdale Capital Partners has announced the sale of a pair of medical office properties in Southern California: a three-story building at 9090 Wilshire Blvd. in Beverly Hills, CA and a three-story facility at 2025 Santa Monica Boulevard in Santa Monica, CA. The total square-footage in the $156 million transaction is 107,000 square feet. “The sale …
Latest Chicago & Midwest Healthcare Stories
Chicago-based private REIT CA Health & Science Trust, Inc. (CAHST) has appointed Jason Colton as CFO. Colton will be responsible for overseeing CAHST’s financial and accounting operations, including CAHST’s capital markets activity and communication of financial results. “With more than two decades of experience in commercial real estate and finance, including overseeing capital markets activities …
JLL Capital Markets closed the sale of a four-property, Class A medical office portfolio totaling 111,827 square feet in Milwaukee and Green Bay, WI. The firm marketed the properties on behalf of the seller, Stage Equity Partners, a Chicago-based private owner of medical office buildings. The portfolio was acquired for an undisclosed sum by Big Sky Medical …
Latest Florida & Gulf Coast Healthcare Stories
A joint venture between Boca Raton, FL-based Kayne Anderson Real Estate and Remedy Medical Properties has purchased an eight-building medical office portfolio for $91 million. A CBRE team of Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Cole Reethof, Sabrina Solomiany and Zack Holderman represented the seller, Spruce Healthcare. The 177,000-square-foot portfolio features five medical …
Women in Construction Week: Skanska Appoints All-Female Team to Lead $187M Hospital Build in Orlando
Women in Construction WeekMarch 6 – 12 Skanska has fielded a team of five women to lead the $187 million Orlando Health Jewett Orthopedic Institute initiative, the region’s biggest hospital project, currently underway in downtown Orlando, FL. The female-led project team is working to meet an aggressive schedule for a development that will have a …
Latest Global Healthcare Stories
Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, has reached the final closings for the Breakthrough Life Science Property Fund. The venture raised $3 billion in direct capital and co-investments, to scale a global portfolio of ecosystems for dynamic early-, mid-, and late-stage life science companies. The $3 billion raised in fund and co-investment capital surpassed Breakthrough’s initial $1.5-billion …
Private equity firm Madison International Realty has invested in AXA IM Alts European Life Sciences platform. Madison now owns a minority stake in, and has advisory participation of, Kadans Science Partner, which AXA IM Alts acquired this past December. The investment is Madison’s first in the European life sciences sector and follows a $200-million commitment made to IQHQ, a U.S. life sciences real estate owner, operator and developer, during 2020. Madison believes the …
Latest National Healthcare Stories
Life sciences specialist Breakthrough Properties, a joint venture between developer Tishman Speyer and biotech financier Bellco Capital, has acquired and intends to redevelop the 2300 Market St. block in Philadelphia’s Center City district. The JV plans to redevelop the site to support over 200,000 square feet of “best-in-class” life science space. Breakthrough believes there will …
Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, has reached the final closings for the Breakthrough Life Science Property Fund. The venture raised $3 billion in direct capital and co-investments, to scale a global portfolio of ecosystems for dynamic early-, mid-, and late-stage life science companies. The $3 billion raised in fund and co-investment capital surpassed Breakthrough’s initial $1.5-billion …
Latest New York & Tri-State Healthcare Stories
Taconic Partners and Silverstein Properties have signed Rensselaer Polytechnic Institute (RPI) to 23,000 square feet of lab space on the ninth floor of the Hudson Research Center at 619 W. 54th St. on Manhattan’s West Side. The lab space will be used to launch Rensselaer’s Center for Engineering and Precision Medicine in partnership with The …
NewYork-Presbyterian is bringing its Och Spine care to The Spiral, establishing an outpatient spine center at the base of The Spiral, Tishman Speyer’s 65-story tower currently under construction at 66 Hudson Blvd. in Manhattan. The 75,000-square-foot lease runs for 20 years. As part of the lease, Tishman Speyer will create a dedicated lobby for the …
Latest Phoenix & Southwest Healthcare Stories
Buckeye Arizona will be the site of Banner Health Care’s newest hospital. The proposed 120-bed facility has enough land to expand to 300-beds, once the demand grows. The project, slated for completion in 2024 will be four stories and have 330,000-square feet of space. It will be built near Verrado Way and the I-10 freeway. …
JLL‘s Capital Markets group has closed the record-setting sale of Flatiron Park, a 22-building life sciences and office campus totaling one million square feet in Boulder, CO. The sale represents the largest single-asset sale in Colorado’s history. JLL’s Mark Katz, Peter Merrion and Hilary Barnett, supported by Phillip Anderson and Kelly Kramer, worked on behalf …
Latest Seattle & Northwest Healthcare Stories
Kidney dialysis provider DaVita has sold its new medical building in Federal Way, WA for $93.5 million, just one year after moving in. The buyer was DVA Federal Way WA Landlord LLC, and DaVita plans on leasing back the building from its new owner. The three-story, 160,000-square-foot building was developed on an 11-acre parcel of …
Seagen Inc. will expand its Washington footprint, announcing plans to build a 270,000-square-foot complex in Everett, WA. Seagen expects to have the facility operational in 2024 as it looks for greater control and flexibility over the production of its medicines to treat cancer. The new biomanufacturing complex will be a modern production facility to make …
Latest Texas Healthcare Stories
HACO was able to acquire a 120-bed skilled nursing facility in the Dallas suburb of Rockwall, with the help of Helios Healthcare Advisors arrangement of the $14.2 million loan. Besides the high quality reputation of the facility, especially its rehab program, HACO likes the transaction as an investment as well. HACO owner, Gracen Hawley, “Helios …
Matica Biotechnology (Matica Bio) has opened a new 45,000 square foot facility dedicated to the production of viral vectors and cell-based products used in cell and gene therapies. Matica Bio is a contract development and manufacturing company (CDMO), which is a company within the pharmaceutical industry that provides drug development and manufacturing services. Matica Bio …
Latest Washington DC Healthcare Stories
Stan Johnson Company has completed the sale of a medical facility on Thomas Johnson Drive in Frederick, MD for approximately $2.4 million. The 10,000-square-foot property is leased to Maryland Vision Institute. Stan Johnson Company’s Asher Wenig represented the buyer, an individual investor based in New York. The seller was a local partnership. “In a 1031 …
Potomac, MD-based Foulger-Pratt is kicking off its transformation of the Landmark Mall Alexandria, VA from a shopping center to a mixed-use work-live-play community with a name change to West End Alexandria. Foulger-Pratt, with partners The Howard Hughes Corporation and Seritage Growth Properties, in November 2021 announced the $54-million sale of an 11-acre parcel at the …