Healthcare Real Estate

The project will be built on approximately10-acre site of the 184-acre property being developed by the Soffer family of Miami and the LeFrak family of New York City.

The company's full-service construction arm completeed the $2 million, “in-place” renovation of Durand Plaza in six months.

Developed by Wexford Science & Technology in partnership with the University City Science Center, the building is now 90% leased.

Scott Martin's experience in the health care real estate niche will add depth to Avison Young's office leasing team and strengthen its multi-faceted service-line approach for clients, says the firm's David Fahey.

The second tranche of the purchase involves an unidentified property that is currently under construction. When the purchase of that property closes, the deal will bring the total five-property portfolio to change hands at 531 units and the total purchase price at $130 million.

The GE BioPharma business is currently part of GE Life Sciences, which is headquartered in Marlborough, MA.