Medical Office
David Durning: Prudential’s Construction Financing Strategy
David Durning, president & CEO of Prudential Mortgage Capital Co., describes the insurance company’s commercial property construction loan program.
Brookfield Multiplex to Build $154M Hospital in New South Wales
Global contractor Brookfield Multiplex has received a contract to build the new South East Regional Hospital on a 43-acre site in Bega, New South Wales, for $154 million.
Palmetto to Develop 4,500-Acre Medical Campus in SC; Phase One to Cost $135M
Palmetto Primary Care Physicians and Equity Inc. are developing a $135 million health and wellness campus in Summerville, S.C., featuring two 150,000-square-foot medical buildings.
SPECIAL REPORT: MBA Delivers Cautious Economic Outlook for 2014; Financing Hits Highest Level Since ’07
Mortgage originations for multi-family and commercial real estate in the last quarter of 2014 reached the highest volume achieved since 2007. Multi-family financing, in particular, has returned to levels last witnessed at the peak of the market.
Senior Housing Properties Sells 2 Massachusetts Hospitals for $90M
Senior Housing Properties has closed its sale of two Massachusetts rehabilitation hospitals for $90 million to a JV of affiliates of The Sanders Trust and Harrison Street Real Estate Capital.
Healthcare Trust Buys 8-Property Medical Office Buildings for $141M
Healthcare Trust of America closed out 2013 with a total of $398 million in investments in medical office properties, including an eight-property portfolio purchase for $141 million.
Capital Senior Living Acquires 4 Properties for $65M
Capital Senior Living Corp. has acquired four seniors housing properties for a combined purchase price of $65 million.
Lexington Realty Buys $53M Portfolio of Vet Offices
Lexington Realty Trust has bought a pack of 10 clinics operated by BluePearl Veterinary Partners, the nation’s leading 24-hour emergency pet care provider, for $53 million.
G&L Realty Gets $264M Refi for Southern Calif. Medical Portfolios
US Bank provided Beverly Hills-based G&L with $176.5 million in financing for five medical office and retail properties in the Golden Triangle district of Beverly Hills, plus a $63.5 million loan for a portfolio of three medical office buildings in other major Southern California submarkets.
JLL’s ‘Space Exchange’ Helps Cos. Participate in Brave New World of Workplace Mobility
Jones Lang LaSalle is preparing for a more flexible work world, in which employees work both onsite and offsite, as opposed to being limited to a single office, by launching a new Internet resource called Space Exchange.