Northeast

In an EXCLUSIVE GlobeSt.com article, Gregory M. Tannor, EVP at Lee & Associates shares five points of advice for a sector where bankruptcies are continuing to make headlines.

In connection with the merger deal, Birmingham, AL-based Medical Properties Trust, Inc. reports it has entered into definitive agreements to acquire 11 Australian hospitals from affiliates of Healthscope Ltd. for approximately $859 million, and lease the acquired real estate back to Healthscope.

In the U.K., Avison Young now has 18 offices and 1,600 employees working with clients on the transaction and consultancy sides of the real estate brokerage business.

The deal enables Rubenstein to grow its footprint in the Rockville market and benefit from various economies of scale, according to Steve Evans, regional director for Rubenstein. "

ICS will occupy a 52,000 square-foot building at 16 South Commerce Way in the Lehigh Valley Industrial Park IV, owned and operated by J.G. Petrucci Co.

Turnbridge Equities & J.P. Morgan plan to reposition the property, located in the thriving Port submarket.