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CBRE to Manage 14M-SF MOB Portfolio

Erika Morphy |

Providence St. Joseph Health is in the process of transforming its service delivery to more directly support the full continuum of care, including community-based, acute and post-acute care.

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Inland Acquires 17,000 SF Medical Office Building on Long Island

Betsy Kim |

Medical retail continues to trend as an increasingly desirable asset class.

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Summit Healthcare REIT Pays $125M for Interest in Indiana Skilled Nursing Properties

John Jordan |

The respective properties were acquired through a newly formed joint venture among a wholly-owned subsidiary of Summit, a real estate holding company, and a global institutional asset management firm. The properties will be leased back to the seller on a triple-net basis.

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JLL to Acquire HFF in $2 Billion Deal

John Jordan |

The two companies reported this morning the transaction has been unanimously approved by the boards of directors of both companies. Mark Gibson, CEO of HFF, will join JLL as CEO, Capital Markets,

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BioMed Realty Expands Life Sciences Holdings in Bay Area with New $135M Buy

John Jordan |

In conjunction with the purchase of the Emeryville Center for Innovation, BioMed Realty reports that Novartis will enter into a one-year leaseback on the existing building, during which time BioMed Realty will put forward redevelopment plans to transform the building into a Class A+, state-of-the-art multi-tenant laboratory and office facility.

Bioscience Is Creating a More Stable Market in Phoenix

Kelsi Maree Borland |

The growth of the bioscience and life science markets in Phoenix is pushing the market toward a more stable future.

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Carrfour Begins Work on Unique Supportive Housing Project in West Palm Beach

John Jordan |

Carrfour, Florida’s largest nonprofit affordable housing developer, is partnering with the Jerome Golden Center for Behavioral Health to develop the Dr. Alice Moore Apartments project at 335 27th St. in the Northwoods Shore neighborhood of West Palm Beach.

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Amboy Bank Provides $51M Financing for Former NFL Player Turned Developer

Steve Lubetkin |

Amboy Bank previously provided $50 million to finance a health and fitness complex and medical office complexes on the Bordentown development.

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Baptist Health-Belmont Village Venture Looks to Develop Senior Living Communities in South Florida

John Jordan |

The venture has announced that its first project will be in Coral Gables at 250 Bird Road, bounded by Aurora Street, Altara Avenue and Salzedo Street. Construction on the project is expected to start in mid-2020 and to be complete within two years of the start of construction.

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Skilled Nursing Care Occupancy Stabilizes After Years of Decline

John Jordan |

The NIC reports that overall occupancy at skilled nursing facilities held firm at 82.4% at the end of the fourth quarter of 2018, which was virtually unchanged from the third quarter of 2018 and down 35 basis points from 82.8% in the fourth quarter of 2017.