Healthcare Real Estate Boom: Davis Acquires Allina-Affiliated Campus
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Description
Davis makes a significant $72 million acquisition of a 201,000-square-foot outpatient medical center in Plymouth, anchored by Allina Health System. This deal highlights the growing demand for accessible healthcare facilities in Minnesota. Meanwhile, Frisco, Texas, is set to transform the notorious 'hole by the Tollway' into a $3 billion mixed-use development called The Mix, promising to reshape the community. Additionally, industry veteran Jeff Ellerman leaves CBRE to join Stream Realty Partners, further solidifying its position in Dallas's competitive real estate market. Lastly, we explore how the rise of private credit is changing the dynamics between lenders and borrowers in commercial real estate financing.Sources:https://www.bizjournals.com/twincities/news/2024/10/16/davis-allina-plymouth-millions-real-estate-health.htmlhttps://www.dmagazine.com/commercial-real-estate/2024/10/friscos-hole-by-the-tollway-gets-a-3-billion-restart/https://www.dmagazine.com/commercial-real-estate/2024/10/jeff-ellerman-is-leaving-cbre-to-join-stream/https://www.law360.com/real-estate-authority/articles/1886635/real-estate-lenders-are-borrowers-in-debt-funds-riseOutline:(00:00:00) Introduction(00:00:41) Davis buys WestHealth campus anchored by Allina in Plymouth for $72M(00:01:20) Frisco’s ‘Hole by the Tollway’ Gets a $3 Billion Restart(00:04:00) Dallas Tenant Rep Star Jeff Ellerman Is Leaving CBRE to Join Stream Realty Partners(00:06:48) Real Estate Lenders Are Borrowers In Debt Funds' Rise - Law360 Real Estate Authority
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