Healthcare

Krusinski Construction Completes Buildout of Shirley Ryan AbilityLab in Arlington Heights, Illinois

by Kristin Harlow February 2, 2021

ARLINGTON HEIGHTS, ILL. — Krusinski Construction Co. (KCC) has completed the buildout of an 11,500-square-foot rehabilitation center for Shirley Ryan AbilityLab at Enterprise Office Campus in Arlington Heights. This project is the fourth Chicagoland facility that KCC has completed for Shirley Ryan AbilityLab, which was formerly known as the Rehabilitation Institute of Chicago. The Arlington Heights location features a therapeutic area, private therapy rooms, auxiliary rooms and a staff area. The project team included Cannon Design, Manhard Consulting and Ascent.

February 2, 2021

Development Healthcare Life Sciences Massachusetts Northeast Office

BDG Receives Zoning Approval for 234,000 SF Life Sciences Project in Metro Boston

by Taylor Williams February 2, 2021

WATERTOWN, MASS. — Boston Development Group (BDG) has received approval from the Watertown Zoning Board of Appeals to move forward with construction of a new life sciences project in the western Boston suburb. Elkus Manfredi Architects is designing the project, which will be built in two phases and will include traditional office, lab and research and development uses. Construction of Phase I, which will feature 200,000 square feet of office and lab space and open green space, is scheduled to begin during the first quarter.

February 2, 2021

Acquisitions Healthcare Nevada Office Western

White Oak Healthcare Buys Medical Office Building in Henderson, Nevada for $18.8M

by Amy Works February 1, 2021

HENDERSON, NEV. — White Oak Healthcare MOB REIT has purchased a medical office building located at 2779 W. Horizon Ridge in Henderson. Stable Development sold the asset for $18.8 million. The property features 38,129 square feet of medical office space within close proximity of Dignity Health’s hospital campus. Mark Schuessler and Mike Tabeek of Newmark represented the buyer and seller in the transaction.

February 1, 2021

Development Healthcare Massachusetts Northeast

Dana-Farber Opens 140,000 SF Cancer Treatment Center at Former Atrium Mall in Metro Boston

by Taylor Williams February 1, 2021

NEWTON, MASS. — Dana-Farber has opened a 140,000-square-foot cancer treatment center at the site of the former Atrium Mall, located at 300 Boylston St. in Newton, a western suburb of Boston. The Bulfinch Companies led the redevelopment of the two-story facility, which offers a range of cancer therapy practices, clinical trials and supportive services for adult patients and families throughout the region. Bulfinch acquired the property in 2012 with plans to convert it into a medical and wellness facility.

February 1, 2021

Healthcare Leasing Activity Life Sciences Northeast Office Pennsylvania

Colliers Negotiates Life Sciences Lease for Gene Therapy Firm in Philadelphia’s University City Area

by Taylor Williams January 29, 2021

PHILADELPHIA — Colliers International has negotiated a life sciences lease at 3675 Market St. in Philadelphia’s University City neighborhood. Joseph Fetterman and Clifford Brechner of Colliers represented the tenant, gene therapy firm Spirovant Sciences, which will use the space for its expanded headquarters and lab operations, in the lease negotiations. A partnership between Ventas and Wexford Science + Technologies developed the 14-story, 340,000-square-foot building, which houses lab and traditional office space and is located near a variety of retail and restaurant options.

January 29, 2021

Acquisitions California Healthcare Office Western

CBRE Brokers $3.8M Sale of Holt Medical Center in Southern California’s Inland Empire

by Amy Works January 29, 2021

MONTCLAIR, CALIF. — CBRE has arranged the sale of Holt Medical Center, a medical office property located in Montclair. A private investor in a 1031 exchange acquired the asset from an Orange County-based private investor for $3.8 million. Sammy Cemo, Anthony DeLorenzo, Gary Stache, Doug Mack, Bryan Johnson and John Oien of CBRE represented the seller, while an outside broker represented the buyer. Located at 5153 Holt Blvd., the 12,453-square-foot property was originally built in 2006. At the time of sale, the two-story building was fully occupied by seven tenants with a weighted average lease term remaining of 5.02 years.

January 29, 2021

Development Healthcare Nevada Western

SR Construction Completes Five-Story Patient Tower at Centennial Hills Hospital in Las Vegas

by Amy Works January 27, 2021

LAS VEGAS — SR Construction, as design-build contractor, has completed a five-story patient tower at Centennial Hills Hospital in Las Vegas. The new tower features 72 patient beds, plus two floors of shell for additional intensive care, intermediate and medical surgical units. Centennial Hills Hospital opened The Birthplace within the new tower, adding two labor and delivery suites along with 36 mother-baby suites. Additionally, the hospital opened its new 36-bed nursing unit at the tower. SR Construction broke ground on the tower in October 2019 and completed all construction phases for the project in November, four months ahead of the scheduled delivery date.

January 27, 2021

Development Healthcare Loans New York Northeast

Knighthead Funding Provides $42M Construction Loan for Medical Office Building in Queens

by Taylor Williams January 25, 2021

NEW YORK CITY — Knighthead Funding, a direct lender with offices in Connecticut and South Florida, has provided a $42 million construction loan for an 84,746-square-foot medical office building that will be located in the Astoria neighborhood of Queens. The borrower was a local partnership doing business as Astoria Crescent Owner LLC. Mount Sinai Health System, which has a hospital across the street, has signed a 30-year lease as the building’s anchor tenant, which brings its preleased occupancy rate to 65 percent. An expected completion date was not disclosed.

January 25, 2021

Acquisitions Healthcare Michigan Midwest

Montecito Acquires 16,709 SF Surgery Center in Suburban Detroit

by Kristin Harlow January 25, 2021

STERLING HEIGHTS, MICH. — Montecito Medical Real Estate has acquired an ophthalmic clinic and surgery center in Sterling Heights for an undisclosed price. Built in 1990, the 16,709-square-foot property is occupied by Vision Institute of Michigan. The group’s ambulatory surgery center accounts for roughly one-fourth of the building’s total square footage. This transaction marks Montecito’s first acquisition in Michigan. Collin Hart and Marc Flynn of ERE Healthcare Real Estate Advisors brokered the deal.

January 25, 2021

Acquisitions California Healthcare Office Western

Cypress West Partners Sells Park Plaza Medical Campus in Redlands, California for $18.3M

by Amy Works January 25, 2021

REDLANDS, CALIF. — Rancho Santa Margarita, Calif.-based Cypress West Partners has completed the disposition of Park Plaza Medical Campus, a medical office complex located in Redlands. An undisclosed buyer acquired the asset for $18.3 million. Totaling 53,325 square feet spread across three outpatient medical office buildings, Park Plaza Medical Campus is located at 1776, 1782 and 1790 W. Park Ave. Loma Linda University Health Care occupies 99 percent of the property. Loma Linda University Health Care is an academic medical center that operates 1,077 beds across six hospital. The healthcare provider utilizes the Park Plaza buildings for a variety of specialty practices, including its Behavioral Medical Center program. Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger of CBRE’s U.S. Healthcare and Life Sciences Capital Markets partnered with Anthony DeLorenzo, Gary Stache, Sammy Cemo and Doug Mack of CBRE to represent the seller in the transaction.

January 25, 2021

Newer Posts

Older Posts

Upcoming Events

Aug
18