Transwestern Real Estate Services (TRS) closed the sale of Hudson Medical Center to Hammes Partners, a private investment platform focused exclusively on healthcare real estate. The seller, Hudson Medical LLC, was represented by Transwestern’s Frank Richie, Mike Salmen, Erik Coglianese…
Altera Fund Advisors and Virtus Real Estate Capital acquired a four-property medical outpatient portfolio in Tucson from Healthcare Trust of America for $43.23 million ($201 PSF). The joint venture engaged Newmark to arrange financing for the deal. The portfolio’s four…
JLL Capital Markets recently facilitated the acquisition financing for three separate senior living communities in the Minneapolis-St. Paul area. JLL represented the borrower, an affiliate of The Inland Real Estate Group of Companies. The Waters Senior Living will continue to…
The Mayo Clinic is building out its $432 million Phase 3 tower expansion, adding five stories with 250,000 square feet of space to be added. The Robins & Morton Group will construct a shell building for the tower expansion above…
Foulger-Pratt has been building apartments and commercial projects for more than half a century, and now the Maryland-based developer is expanding into a new business line: build-to-rent. Courtesy of Foulger-Pratt An aerial rendering of Foulger-Pratt’s build-to-rent community in Brandywine, Maryland. The…
A wave of maturing debt has been a boon to business for Atlanta-based Peachtree Group. Town Center at Cobb Mall in Kennesaw, Georgia Peachtree Group, through its Peachtree Group Credit division, has deployed $556M in loans and another $526M to…
The Sun Belt has quickly become one of the country’s hottest regions for commercial real estate, and in North Carolina’s largest city, Charlotte, business is thriving. Due to the city’s rapidly growing job market and steep increase in population, Charlotte CRE…
This series gets into the heads of the decision-makers of CRE, the people shaping the industry by setting investment strategy, workplace design, diversity initiatives and more. Prevailing leadership philosophies have finally caught up to Clay Grubb. Since taking the helm of…
All during the coronavirus pandemic, the narrative has been that Sun Belt cities have been growing, but the area with the largest population growth in the nation isn’t Miami, Atlanta or Charlotte, North Carolina. Census data released last week revealed that…
The office sublease market may finally be cooling off. The amount of sublease space in Chicago’s Central Business District increased by 75% between Q1 2020 and Q1 2021, hitting a historic high of 5.7M SF, but the market has begun…
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