Medical Office
Simone Forays Into NJ with MOB Buy
The company plans to reposition the 62,000-square-foot property in Hackensack, which was 52 percent occupied at the time of the transaction.
Jacobs Tapped for Siemens Walpole Expansion
The facility comprises 30 different projects which will be built over a three-year period as part of a master plan to increase production capacity and expand office and lab space.
Marcus & Millichap Brokers Tampa-Area MOB Sale
Marcus & Millichap represented both the seller and the buyer of the 18,708-square-foot property in Riverview, Fla., which traded for $7.2 million.
Avison Young Brokers $24M MOB Sale
A joint-venture between Foulger-Pratt and a global real estate investment management firm sold the Class A asset in Silver Spring, Md., to Healthcare Realty in an off-market transaction.
USF Taps Skanska for $41M Tower
Construction of the education and research high-rise is expected to begin next month with an anticipated completion date of December 2019.
Northwell Health Inks Lease at Greenwich Lane in NYC
The health care provider will open a new community facility within the state-of-the-art condominium complex in order to serve local residents. The 199-unit asset is jointly owned by Rudin Management Co. and Eyal Ofer’s Global Holdings.
U of Utah Health Inks Redevelopment Lease
Cushman & Wakefield Commerce and CBRE represented the tenant. The Sugar House building is part of a wider mixed-use area revitalization by Westport Capital Partners LLC.
CBRE Arranges Long Beach MOB Sale
The 26,293-square-foot property changed hands for $6.5 million and was 91 percent occupied at the time of the transaction by a variety of tenants.
Harrison Street Opportunistic Fund Raises $1.1B
Fund VI—which will focus on education, health care and storage assets—surpassed its $850 million target by a long shot, with contributions from more than 65 institutional investors.
Ventas Exits SNF Business With $700M Sale
The company has reaffirmed its decision to sell 36 skilled nursing facilities to an affiliate of Blue Mountain Capital Management.