The Regents of the University of California, on behalf of the University of California, Irvine, entered into a definitive agreement with Tenet Healthcare Corporation to acquire Tenet’s Pacific Coast Network for $975 million. The network will become part of UCI Health, the clinical enterprise of UC Irvine.  “UC Irvine has deepened its healthcare commitment to …

The post UCI Health to Add Four SoCal Hospitals for $975M appeared first on Connect CRE.

North Shore University Hospital (NSUH) has completed the $560 Petrocelli Surgical Pavilion in Manhasset, expanding capabilities for cardiac, neurosurgery and transplant programs. “This is a proud moment for health care in the region. The Petrocelli Surgical Pavilion has been part of Northwell Health’s master plan for more than a decade,” said Michael Dowling, president and CEO of …

The post North Shore University Hospital Completes $560M Surgical Tower appeared first on Connect CRE.

JLL has arranged the $86 million sale of a collection of four medical properties totaling over 181,000 square feet located in the Chicago, Illinois, area as well as Arizona and Florida. JLL worked on behalf of the seller, Flagler Healthcare Investments, and procured the buyer, Chicago-based Remedy Medical Properties and its partner, Kayne Anderson Real …

The post Medical Building Portfolio Trades for $86M appeared first on Connect CRE.

Another old concrete building is being transformed into something new and different; this time, senior housing in San Antonio. The former National Grocer Company is giving way to the Grocer Lofts, a 48-unit project headed up by American Agape Foundation and Partners in Community Development. The San Antonio Business Journal reports the team plans to …

The post 100-Year-Old SA Landmark Making Way for Senior Housing appeared first on Connect CRE.

JLL has arranged the $11.8 million refinancing of 2909 Oliver, a 192-unit and 504-bed student housing community located at Wichita State University in Wichita, Kansas. JLL represented the borrower, Calidus to secure the five-year, fixed-rate loan through through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac …

The post Calidus Secures $12M for KS Student Housing appeared first on Connect CRE.

Libertyville-based AXSYS Capital closed on the purchase of 853 Medical Drive, a 15,366-square-foot mixed-use office property in Wentzville, Missouri, for $3.6 million. The transaction marks AXSYS Capital’s seventh acquisition in Missouri and is the third purchase made by the company’s “AXSYS Capital Fund I, LP.” The company will hold the property for long-term cash flow for …

The post AXSYS Capital Purchases Mixed-Use in Missouri for $3.6M appeared first on Connect CRE.