Healthcare Real Estate

The bonds will be used to refinance certain existing debt and to provide reimbursement for certain strategic investments, enabling Montefiore to exit the Federal Housing Administration's mortgage insurance program, according to DASNY.

It also would like the company to pursue REIT status.

The property is currently zoned to allow for a maximum of 278,149 square feet of commercial space, including 258,493 square feet above grade.

"We love the characteristics of Boston Children's hub-and-spoke model, where the satellite offices are leased on a long-term basis to an investment-grade system.”

Brookfield will acquire all shares of common stock of Forest City for $25.35 per share.

The 57,815-square-foot facility on the campus of Memorial Regional Hospital was purchased for $11.5 million by an unnamed private real estate investment firm.

The good news is that the markets with the most new construction will be able to handle the resultant vacancy challenge. The bad news…well, according to Marcus & Millichap's Adam Lewis, there isn't any.

The Kuwait-based investment firm continues to build a portfolio in US secondary markets.