BlackSwan Zine

BLACKSWAN Real Estate has learned from a reliable source that an offer in the “tens of million of dollars”  to purchase a non-essential building owned by St. Vincents was recently submitted to the Grant Thornton restructuring team currently managing the crisis. Furthermore, BLACKSWAN learned that the property in question in lower Manhattan had been marketed [...]

Hospital district purchase could run to $185 million
The Harris County Hospital District has tentatively agreed to buy Memorial Hermann Southwest Hospital this fall with hopes of expanding medical care access to the uninsured and underprivileged, hospital officials said Thursday.
The sale, if approved by Harris County Commissioners Court, would allow the county’s hospital district to add [...]

by CJ Follini

“America’s health care system is second only to Japan … Canada, Sweden, Great Britain … well, all of Europe. But you can thank your lucky stars we don’t live in Paraguay!” ………. Homer Simpson, The Simpsons

Maybe it’s just me but the only thing I like less than a visit to [...]

As the financial calamity of 2008 unfolded, REIT shares have fallen along side the broader market, pushing dividend yields to highs not seen for several years. The industry is now rife with fears stemming from the beleaguered commercial real estate market. For many REITs caught with overleveraged balance sheets, the perfect storm of impending debt [...]

CHICAGO-Prudential Real Estate Investors has committed $30 million in equity to private health care real estate firm Lillibridge. This most recent deal represents the fourth time in the past decade that the two have partnered in health care real estate ventures. Since becoming one of Lillibridge’s original investors when the company began raising equity in [...]

Commercial Seminar: The Real Estate Board of New York will host CJ Follini for a special seminar focusing on healthcare real estate on August 12. Topic: “Healthcare Real Estate Opportunities” Reserve your spot.

Health Care REIT has been selected to redevelop 85 acres in East Meadow and Uniondale for the Nassau Health Care Corporation.
The Toledo,OH-based development company will redevelop 50 acres at the A. Holly Patterson nursing home campus in Uniondale into a senior village and transform 35 acres of NHCC’s hospital complex in East Meadow into a [...]

Two assisted-living centers proposed for Scarsdale and White Plains would receive tax breaks totaling $3.1 million through the Westchester County Industrial Development Agency.
The IDA this week tentatively approved a $1.08 million sales tax exemption and a $423,000 mortgage tax exemption for Engel Burman Group of Garden City, Long Island. Engel Burman is the lead developer [...]

Greenville Hospital System University Medical Center has signed a letter of intent to sell 900,000 square feet of medical and administrative office space to a real estate investment company and then lease the property back.
The properties include The Life Center and the Memorial Medical Office Building on Faris Road, the Cancer Treatment Center at Greenville [...]

Anthony Burks, president of Vendigm Co., typically focuses his development skills toward public infrastructure construction work. But like many in real estate these days, Burks has caught a case of medical real estate fever.
“I am trying to hit the medical renovations and construction work area a little bit more,” said Burks, a Fort Worth native. [...]