Grubb & Ellis Healthcare REIT Inc., currently among the minority of real estate investment concerns that have the cash on hand to make big purchases, has signed an agreement to acquire a 16-building healthcare property portfolio in metropolitan Greenville, S.C., from Greenville Hospital System. The $161.6 million deal will allow the hospital to lease back [...]
Read more →VALPARAISO | The chief executive officer of Porter hospital said a new facility will be built in the next two years, despite the ongoing legal challenge by nearby residents and the ailing economy.
While ground has yet to be broken at the targeted site near the northwest corner of Ind. 49 and U.S. 6, planning work [...]
ASPEN — The Pitkin County real estate market could fall short of $1 billion in sales this year for the first time since 2002, based on activity during the first half of the year.
The dollar volume of all sales through June was $471.47 million, according to a monthly analysis by Land Title Guarantee Co. That [...]
An orthopedic surgeon and developer behind a surgery-heart center in Loma Linda have announced plans to build similar medical offices and a hospital in the San Jacinto Gateway area at the northwest edge of the city.
If the plans are approved, the medical offices would be built first, about 1 ½ years from now, according to [...]
Manufacturing and technology company Emerson opened its new $50 million state-of-the-art global data center today — a 35,000-square-foot facility that’s expected to be 31 percent more energy efficient than a standard facility.
With Missouri Gov. Jay Nixon and U.S. Rep. Roy Blunt on hand, the company conducted an opening ceremony at the St. Louis site, which [...]
A parcel of land near the upscale Tanglewood neighborhood listed late last year for $4.9 million has sold.
The buyer, a self-storage operator called Amazing Spaces, plans to build a 120,000-square-foot facility on the 2.3-acre site at 2001 S. Voss Road, just south of San Felipe.
Amazing Spaces operates in the high-end of the self-storage industry.
The company, [...]
The University of Kansas Hospital chose Turner Construction Co. to manage construction of a $55 million medical office building south of the hospital in Kansas City, Kan.
The project will seek Leadership in Energy and Environmental Design certification from the U.S. Green Building Council when completed in 2011, Turner Construction said in a Monday release.
The company [...]
Terremark’s new cloud-computing facility for U.S. government customers features concrete walls, bomb-sniffing dogs, motion-sensing videocams, and a promise of 100% service availability.
As U.S. government agencies consider the move to cloud computing, where will their clouds be hosted? Terremark, a hosted service provider to U.S. government customers, has built a data center specifically for that purpose.
Terremark’s [...]
(GLOBE NEWSWIRE) — Education Realty Trust, Inc. today [July 28] announced that it has closed its underwritten public offering of 28,175,000 shares of its common stock, including 3,675,000 shares purchased by the underwriters pursuant to an over allotment option. The Company received approximately $116 million in net proceeds from the offering after deducting the underwriting [...]
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Making its first play in “The Natural State,” Landmark Healthcare Facilities LLC acquired a four-building portfolio totaling 100,000 square feet from Saline Memorial Hospital for approximately $15 million. The Wisconsin buyer plans a reposition of the buildings by bringing rents up to market rate.
Nicholas F. Checota, president of the Milwaukee-based Landmark Healthcare Properties, tells GlobeSt.com [...]
