Medical Office
Red Capital Taps Industry Expert to Lead Healthcare, Seniors Housing Expansion
Growth in demand for healthcare and seniors housing financing has prompted Red Capital Group L.L.C. to expand its seniors housing and healthcare platforms, and it has tapped industry veteran Kathryn Burton Gray to lead the charge.
The Winners: CPE’s 2012 Distinguished Achievement Awards
CPE is pleased to announce the winners of the second-annual Distinguished Achievement Awards, recognized for their ability to complete deals and projects in the face of last year’s recovering economy.
Ventas Sells 12 Seniors Communities to Assisted Living Concepts for $100M
The transaction resolves recent litigation between the two companies and also severs the ties between them.
Cleveland Clinic, Ohio University to Invest $49.1M into Northeast Ohio
By Adrian Maties, Associate Editor The United States is facing a growing shortage of primary-care physicians, but the Cleveland Clinic and Ohio University are taking steps to alleviate the situation in Cleveland. They recently signed an affiliation agreement and plan to invest $49.1 million into Northeast Ohio to open a medical school campus at the […]
CNL Healthcare Trust JVs with Sunrise Senior Living on Seven-Property, $226M Agreement
CNL Healthcare Trust has signed an agreement with Sunrise Senior Living to enter into a joint venture that will change ownership of seven communities valued at approximately $226 million. Under the agreement, CNL will own 55 percent of the JV, with Sunrise retaining the remaining interest.
Former Grubb CEO Thomas D’Arcy Named Chief at American Realty Capital Trust
Could Grubb & Ellis 2.0 be shaping up under the American Realty Capital umbrella?
Lingerfelt Development Begins Work on $100M Complex for Health Diagnostic Laboratory
By Adrian Maties, Associate Editor Lingerfelt Development announced it has started demolition at the 34-acre Virginia BioTechnology Research Park in downtown Richmond. BioTech 3 is coming down to make way for the construction of a new complex that will serve as headquarters for Health Diagnostic Laboratory (HDL) Inc., a fast-growing CLIA-certified and CAP-accredited clinical laboratory. Plans […]
Ventas Set to Buy 16 Seniors Communities for $362M
Ventas has entered into a definitive agreement to acquire 16 private-pay communities from affiliates of Sunrise Senior Living and its institutional joint venture partner for $362 million.
Pru Nets $568M in Capital for Seniors-Housing Fund
Prudential Real Estate Investors is set to make a big impression in the seniors-housing sector, having raised $568 million for its newest and largest seniors-housing fund.
JLL Completes Construction of $536M Medical Facility in Indiana
Jones Lang LaSalle Inc.’s job as program manager for the development of Parkview Health’s Parkview Regional Medical Center is done, now that construction of the 975,000-square-foot hospital in Fort Wayne, Ind., has reached completion. The big-ticket project came with an equally big price tag of $536 million.