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Former Illinois Hospital to Be Auctioned in Bankruptcy Sale

Former Illinois Hospital to Be Auctioned in Bankruptcy Sale

by Phil Hall | Jun 17, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

An Illinois hospital that closed in 2023 after 120 years in operation is being put up for auction in a Chapter 11 bankruptcy sale. The former St. Margaret’s Health Hospital in Spring Valley, Illinois, encompasses a five-story former hospital plus an adjacent two-story...
Developer Cancels Plans for Connecticut Biotech Park

Developer Cancels Plans for Connecticut Biotech Park

by Phil Hall | May 10, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The plans for a sprawling biotech park in Connecticut that were unveiled in April 2023 have been quietly canceled. Ryan Companies, a Minnesota-based developer, proposed the creation of 120-acre HealthTech Park on former farmland located along Interstate 95 outside of...
North Las Vegas Repurchases Land from Abandoned Medical Property Development

North Las Vegas Repurchases Land from Abandoned Medical Property Development

by Phil Hall | Mar 28, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The City Council of North Las Vegas, Nevada, has approved plans for a $52.95 million buyback of 135 acres of land that was sold two years ago for a medical property development. According to a report in the Las Vegas Review-Journal, the property was acquired by...

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