Brooklyn-based developer and investment group Guttman Realty made the winning bid for the auction of two bankrupt Caritas Healthcare properties, with the aggregate purchase price coming in at $26.63 million. CB Richard Ellis announced the winning bid today for the two former hospital sites in Queens: the four-acre Mary Immaculate Hospital campus in Jamaica and the two-acre St. John’s Queens Hospital property in Elmhurst. The buyer has not settled on an official use for the two properties, but is considering transforming the Mary Immaculate site for educational, religious, non-profit or governmental use, and using the St. John’s site as an office building. Larry Weiss, a CBRE vice president, which represented the seller in the auction, said his firm was happy with the auction’s outcome. TRD [more]

Real estate investors and New York’s leading health care organizations are actively reviewing the prospects of acquiring three hospital sites in New York City. Offers for sale or net lease on the complex are due Thursday for the most sought-out hospital site, the Cabrini Medical Center. The property is located within the heart of the Gramercy Park section of Manhattan between Second and Third avenues with frontages on the north side of East 19th Street and the south side of East 20th Street. The U.S. Bankruptcy Court has retained Grubb & Ellis New York to offer the medical center for sale. The property consists of five buildings totaling 452,600 square feet of gross building area, with 367,700 square feet of total zoning floor area. The five buildings are built and operated as a single complex of buildings interconnected at various levels. With the exception of two of the buildings, the properties can be acquired individually. [more]