With locations on and off hospital campuses, the MOB portfolio encompasses assets in Albany, N.Y.; North Adams, Mass.; and Temple Terrace, Fla.
With locations on and off hospital campuses, the MOB portfolio encompasses assets in Albany, N.Y.; North Adams, Mass.; and Temple Terrace, Fla.
The Internet services provider will sell its 700,000-square-foot Pacific Corporate Park as well as 22 acres of developable land.
Foreclosure slowdown? What foreclosure slowdown? That’s the takeaway from Thursday’s third quarter 2010 Metropolitan Foreclosure Market Report by foreclosure specialist RealtyTrac.
Funding, part of which was actually completed in late 2009, for the four-property portfolio comes in the form of a $271 million construction loan and $256 million in permanent financing.
In an ongoing effort, dictated by President Obama to increase the federal government’s environmental friendliness, the U.S. General Services Administration has raised the sustainability standard for new government-owned real estate by pushing up the minimum requirement for all new building construction from LEED Silver to LEED Gold.
Slated for completion in early 2014, the $350 million building will house 238 medical/surgical and acute rehabilitation beds.