Healthcare Real Estate

The state will be providing a total of $664 million in funding, including $210 million to develop a 32-site ambulatory care network.

“The Philadelphia region is particularly well-positioned with a strong industry presence in University City, the Route 202 corridor, and the Navy Yard, among others," says CBRE's Ian Anderson, lead author of the report.

The city's three-owned properties to be considered by respondents include 2469 Second Ave. in East Harlem; 455 First Ave. in Kips Bay and 44-36 44th Drive in Long Island City.

A roundup of recent deals, leases, executive moves, and other news from the past week.

The new entity, known as Eclipse Senior Living, will retain the Elmcroft brand and has hired most of the Elmcroft community and field-level personnel.

The complex will be converted from its prior medical use to a 205-unit, 200,215-square-foot luxury rental complex.

From an investment standpoint, “few asset classes offer as compelling a case for near-term optimism as the life sciences industry,” says CBRE's Scott Marshall.

Walgreens' final $4.4-billion offer to buy Rite Aid, and CVS Health's $69-billion agreement to acquire Aetna were the major stories involving net…