Medical Office
Fitch: Commercial Properties Have a Long Road to Recovery
U.S. commercial properties have seen some minor improvements of late, but the sector still has quite a ways to go before it can completely shake off the effects of the economic recession, according to Fitch Ratings.
Fund Watch: Green Courte Closes $410M Fund; Sunrise Secures $50M
Green Courte Partners just closed a new fund with $406.9 in commitments for investments in niche real estate assets, and Sunrise Senior Living recently obtained a $50 million senior secured credit facility from KeyBank.
ARC Healthcare Purchases Three Properties for $60.9M
Acting through its sponsor, American Realty Capital V L.L.C., American Realty Capital Healthcare Trust Inc. has completed the initial phase of its $257.5 million acquisition of a 12-property portfolio of high quality income-producing healthcare facilities.
Prosky on Healthcare Real Estate
Danny Prosky, president & COO of Grubb & Ellis Healthcare REIT II, talks on CPE TV about the booming market for healthcare real estate.
Senior Housing Trust to Spend $478M for Nine Seniors Communities
Senior Housing Properties Trust has agreed to purchase nine large senior-living communities for $478 million, including $164 million of assumed mortgage debt, across six states.
Sale at Tufts in Boston Nets $112M for Daymark
Two medical-office buildings located on the Tufts University campus near Downtown Boston have just moved off the books of Daymark Realty Advisors and into the hands of ProMed Properties for a purchase price of $112 million.
Long Beach Apartments Install Fuel Cells, Solar Panels
The nonprofit firm LINC Housing installed two fuel cells at the Long Beach-based Palace Hotel, in addition to solar panels, to help the building’s energy footprint.
Pharmaceutical Firm Novo Nordisk Signs for $215M of Space in NJ
In a big win for New Jersey, the Danish pharmaceutical company Novo Nordisk Inc., signed a $215 million agreement to renovate and upgrade a 770,000-square-foot office building in Plainsboro, N.J.
Hines, New York Retirement Fund Create $1B Office JV
Hines and the New York State Common Retirement Fund have formed a joint venture, Hines Corporate Properties II, that has been capitalized with $500 million of equity and will allow for the investment of more than $1 billion.
Grubb & Ellis Picks up Healthcare Office in Sarasota
The healthcare sector continues its slow and steady ascent, with Grubb & Ellis Healthcare REIT II acquiring the 41,000-square-foot Maxfield Medical Office building in Sarasota, Fla.