Medical Office
Formation Capital Buys $400M Seniors Housing Portfolio
Sizeable seniors housing portfolios are not easy to come by, but Formation Capital has gotten its hands on one.
Ground Breaks on $450M Brigham Research, Clinical Facility in Boston
Boston’s status as the leading life sciences hub in the country will only be bolstered now that ground has broken on Brigham and Women’s Hospital’s $450 million Brigham Building for the Future.
Economy Watch: Most State Unemployment Rates Down, Healthcare Inflation Slows, Wall Street Calms Down
The Bureau of Labor Statistics reported state-level unemployment rates on Friday, and the majority of states were flat or down. PricewaterhouseCoopers released fairly favorable expectations for U.S. medical costs. And Wall Street enjoyed a favorable Friday, following days of en masse selloffs.
Griffin-American Buys 21 Buildings in Five States for $141M
Griffin-American Healthcare REIT II has acquired 21 healthcare-related buildings in five states for $141.3 million, pushing the REIT co-sponsored by American Healthcare Investors and Griffin Capital Corp. to an overall portfolio value of $1.6 billion.
MOB Occupancy and Rental Rates: Regional Trends
Driven by historic trends in demographics and healthcare delivery, the medical office building sector is one of the most vibrant specialties in commercial real estate. These charts offer a snapshot of current regional trends in MOB vacancy and rental pricing. For an in-depth look at managing healthcare-related properties, see “Strong Medicine” in the July issue of CPE.
U.S. Bank Provides $55M for Affordable Seniors Housing Project in LA
U.S. Bank has given a big helping hand in the addition of 165 new units to Los Angeles’ depleted affordable housing market.
David Durning: Prudential’s Financing Goals for 2013
At the 2013 Mortgage Bankers Association CREF/Multifamily Housing Conference, David Durning, president and CEO of Prudential Mortgage Capital Co., explains Prudential’s targets for balance sheet, Fannie Mae, Freddie Mac and FHA, CMBS and bridge financing for 2013.
Cole Real Estate Investments Purchases Sanofi-Aventis Building for $72.3M
A subsidiary of Cole Corporate Income Trust Inc. acquired Sanofi-Aventis’ property at 55 Corporate Drive in Bridgewater, N.J., from Mack-Cali Realty Corp. for approximately $72.3 million.
Rosenberg Pursues Seniors Housing For KKR Real Estate Group
Kohlberg Kravis Roberts & Co. has been setting its sights on seniors housing recently.
MIPIM Special Series—Part One: Focus China
Associate editor Eliza Theiss presents a focus on real estate investment in China, the first in a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March.