DICKINSON, ND-Though the future St. Joseph Hospital and Health Center will be active, the new center will be significantly smaller than the 1950s hospital it is replacing.
CHICAGO-<b>-HREI</b>-The National Investment Center recent reported that seniors housing fundamentals continue to gain strength. Investor demand also continues to rise, though a 'leveling off' is foreseen.
BOYNTON BEACH, FL-Health Care REIT pays $49.5 million for 133,000-square foot Bethesda Health City. The seller, a JV between Flagler Investment and Investcorp Real Estate, had acquired the facility during late 2011.
BUFFALO, NY-Seavest Healthcare Properties beats out other potential investors to partner with developer Ciminelli Real Estate on its under-construction Conventus, a $100-million, 300,000-square-foot MOB and research facility.
LOS ALAMITOS, CA-The need for medical office space prompts Pacific Medical Buildings in San Diego to move forward on its 70,000-square-foot MOB at Los Alamitos Medical Center in Orange County.
MINNETONKA, MN-Healthcare Real Estate Insights cites a report from Real Capital Analytics, indicating that foreign investment in healthcare real estate fell dramatically in 2012 and has continued into 2013.
MINNETONKA, MN-Though Griffin-American Healthcare REIT acquired an 11-building portfolio as part of a $123-million deal, lack of supply slowed sales overall.
CHARLOTTE-Benjamin Bivens and Bill Transou form a joint venture with the sole purpose of buying income-producing healthcare real estate in the southeast.