Struggling system hopes restructuring shores up its finances
GALLATIN — In boom times, Sumner Regional Health Systems went on a buying and building spree, snapping up properties, including land near its flagship hospital here, with plans to keep expanding.
Now, as part of restructuring to shore up its finances, the parent organization of Gallatin’s Sumner Regional Medical [...]
Sunrise Senior Living, Inc. (NYSE: SRZ) announced that it has entered into an agreement to sell 21 wholly owned assisted living communities, located in 11 states, to BLC Acquisitions Inc., an affiliate of Brookdale Senior Living Inc. (NYSE: BKD), for $204 million. The portfolio has a total of 1,389 units, comprised of 92 independent [...]
Read more →DENVER-Medical office building development in the US keeps rolling along despite the recession. It’s been widely reported that medical office properties are maintaining their occupancy and performing better than general office buildings; in the development arena, new medical office buildings continue to spring up despite the virtual standstill in general office construction.
Among the recent examples [...]
LOS ANGELES, Oct. 21 /PRNewswire/ — Los Angeles developer Urban Partners
today announced that its flagship student housing development, University
Gateway, is progressing ahead of schedule.
“Our construction team is working very hard and has recently completed the
second floor units. We are now about 2 months ahead of our planned development
timeline and making great progress.” said Urban Partners [...]
NBC Universal has updated the previously revealed $3-billion, long-term plan for its 391-acre Universal Studios site that would add office space, housing units, new retail space, new production facilities and substantial other new development. The update revises land use plans for the studio and production areas as well as the residential neighborhood, and adds detail [...]
Read more →PRINCETON, NJ-PharmaNet Development Group renewed its lease at a 122,000-square-foot building here owned by Boston Properties. A team of brokers from Cushman & Wakefield Inc. arranged the deal for the tenant, a provider of clinical development services to pharmaceutical, biotechnology, generic drug and medical device companies.
Walter Schoenberg, senior director at C&W’s East Rutherford office, tells [...]
WEEHAWKEN, NJ-Signaling that demand for data center remains strong, Savvis Inc. has inked a deal to expand its space here by 209,000 square feet. The transaction, which consists of one direct lease and two subleases, was arranged on behalf of Savvis by CresaPartners.
Savvis is expanding its current flagship facility here into an adjoining building at [...]
Columbia – Columbia’s 1.8 million square foot medical office market is holding up better than the area’s general office market during the recession, according to Avant Healthcare, a division of the NAI Avant commercial real estate company. The medical office space occupancy rate rose to almost 87% in mid 2009, the highest level recorded [...]
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MERRIMACK – If any one building in town could have a personality complex, it might be the former Merrimack Hotel and Conference Center.
In its near 30-year existence, the Executive Park Drive building has traded hands at least six times. With that has come six name changes. The latest former owners even hoped to spice things [...]
