News
JV Acquires Inpatient Rehab Hospital Outside Austin
Formed in 2011, Baylor Scott & White and Select Medical joint venture has a portfolio of 66 outpatient rehabilitation clinics, three inpatient rehabilitation hospitals and home health rehabilitation services.
Boston-Area Casino Trades for $10M
The 23.5-acre site originally served as a jai alai arena and was redeveloped into a casino in 2008. The new ownership plans to redevelop the property into a mixed-use development as soon as the casino relocates later this year.
H5’s ATL Data Center Starts Expansion
The company will add an additional 22,000 square feet to the facility, which is in one of the country’s top interconnection points, with access to over a dozen metro and long-haul network carriers.
Industrial to Remain the ‘Asset Du Jour’
Demand among investors and developers for industrial product shows no signs of slowing down, Avison Young Senior Vice President Eric Swanson notes in an interview with CPE at the 2018 ULI Spring Meeting.
NHI Nabs Senior Housing Portfolio for $68M
The 320-unit Sunrise Portfolio includes six assisted living and memory care properties located in Ohio and Pennsylvania. Bickford Senior Living will lease the communities.
Sprinklr Renews 40 KSF Manhattan HQ Lease
NKF negotiated the renewal on behalf of American Equities, the property’s landlord. The interim lease offers the company flexibility to expand its office space in the building as the market changes.
Economy Watch Weekly: April Job Growth Below Expectations
The U.S. economy did not create as many jobs as expected for the month, according the Bureau of Labor Statistics latest jobs report. Economy Editor Dees Stribling breaks down the numbers, for the week ending May 4, 2018.
Boston-Area Citizens Bank Changes Hands for $4M
The Grossman Cos. bought the property in 2013, for $2.3 million, as part of their Main Street portfolio. The asset is located in Brookline’s Coolidge Corner.
Economy Watch: Number of Planned CRE Projects Jumped in April
Twelve projects each with a value of $100 million or more entered planning in April, up from six projects in March, according to the latest Dodge Data & Analytics report.
American Realty Advisors Snags CA Industrial Property
A joint venture between Batcheller Equities and Panattoni Development Co. sold the 143,930-square-foot facility in Anaheim, which is currently 100 percent occupied by Rosendin Electric.