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Gary Weatherford of GoHealth Urgent Care (center) describes his firm’s approach to evaluating urgent care center opportunities during the ICSC RECon convention in Las Vegas. He was joined by moderator David Wirth of Cushman & Wakefield (left) and fellow panelist Alan Ayers of Urgent care Consultants (right). (Photo courtesy of ICSC)

Feature Story: Urgent care opportunities abound

R.E. strategies for such facilities is no longer an ‘affluent suburban’ or ‘Sunbelt’ play By John B. Mugford Although some suburban markets nationwide have reached a saturation point when it comes to the number of urgent care centers (UCCs), changes in healthcare and payment systems are creating more and more opportunities in new areas throughout […]

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Transactions: HTA enters Chicago market

Transactions: HTA enters Chicago market

REIT pays $40 million for 8 floors of tower across from Northwestern Memorial By John B. Mugford Aside from Welltower Inc.’s (NYSE: WELL) $1.25 billion purchase of 55 medical office buildings (MOBs) from CNL Healthcare Properties on May 15, there has been a bit of a dearth of large healthcare real estate (HRE) deals in […]

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Feature Story: Northwestern Memorial flips the script

Feature Story: Northwestern Memorial flips the script

Adding healthcare to retail areas is big trend. But what about adding retail to healthcare? By John B. Mugford The “retailization” of healthcare is a well-documented, recent and successful trend in the country’s medical delivery model. But what about the “healthcare-ization” of retail? Northwestern Memorial HealthCare, a 10-hospital system in Greater Chicago, has flipped the […]

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Feature Story: Micro-hospitals like high-visibility retail locations

Emerus exec’s motto is ‘See me a thousand times before you need me once’ By John B. Mugford Certainly, in this age of the “retailization” of healthcare delivery, finding convenient, highly visible locations in areas with “good demographics” is as important as ever for those planning new medical facilities. Even so, one professional who has […]

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Industry Pulse: MOBs are going Godzilla. We’re talking big. Really big.

Industry Pulse: MOBs are going Godzilla. We’re talking big. Really big.

JLL, with data from Revista, says 44 future monster MOBs will top 150,000 square feet NATIONWIDE — The movie Godzilla: King of the Monsters opened May 31, with some film reviewers saying that the CG-generated “Beast from the East” seems to be getting bigger with every sequel. The same might be said of medical office buildings […]

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Feature Story: How to land business with health systems

Feature Story: How to land business with health systems

Health system execs talk about what they expect from third-party firms  By John B. Mugford MINNEAPOLIS – It is likely that any professional or company involved in healthcare real estate (HRE) has a goal of providing services or capital for, or establishing a client relationship with, strong healthcare systems and providers. One very well-attended panel […]

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Feature Story: Think of patients as customers

Focusing on ‘the patient experience’ is no longer enough, ICSC speaker says By Murray W. Wolf For at least a decade, healthcare executives have been talking earnestly about “the patient experience” – the sum of all interactions that a patient has with a healthcare organization, including the people, processes, policies, communications, actions and environment. Not […]

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Feature Story: Catching up with Bryan Lewitt of JLL

Feature Story: Catching up with Bryan Lewitt of JLL

Veteran HRE broker sees new opportunities in retail sites, sale-leasebacks By Murray W. Wolf Bryan Lewitt got an early introduction to the healthcare business. As a high school student back in the mid-1970s, he worked for Tarzana (Calif.) Hospital doing maintenance work and delivering medications within the hospital. And after a brief flirtation with a […]

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Feature Story: It’s official: Retail has discovered healthcare

Feature Story: It’s official: Retail has discovered healthcare

Annual ICSC RECon retail real estate event focuses on healthcare for the first time By Murray W. Wolf Held annually at the Las Vegas Convention Center, the International Council of Shopping Centers (ICSC) RECon global convention for the shopping center industry is one of the largest trade shows conducted in the United States. Last year, […]

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March/April 2019

March/April 2019

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles)   2019 Archives 2018 Archives 2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this article is […]

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News Release: Bear Real Estate Advisors Represents Eye Surgery Associates in Sale of South Carolina Medical Office Building for $7.35 Million

NEWS PROVIDED BY Bear Real Estate Advisors  Jun 25, 2019, 11:13 ET FLORENCE, S.C., June 25, 2019 /PRNewswire/ — Bear Real Estate Advisors announced today that the national real estate investment services firm represented Dr. Sam Seltzer of Eye Surgery Associates in the sale of a nearly 20,000-square-foot medical office building in Florence, South Carolina. The property was purchased by Block Funds […]

News Release: Just Closed - Scottsdale Medical Office Portfolio

News Release: Just Closed – Scottsdale Medical Office Portfolio

CBRE Capital Markets | Healthcare JUST CLOSED SCOTTSDALE MEDICAL OFFICE PORTFOLIO  Scottsdale, Arizona Sale Date : 6/24/2019 Portfolio Size: 140,448 SF Occupancy: 90% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Scottsdale Medical Office Portfolio (the “Portfolio” or “Properties”), located in Scottsdale, Arizona. Chris Bodnar, Lee Asher, Shane Seitz, Ryan Lindsley and Sabrina Solomiany […]

News Release: Capital Square 1031 Takes Medical Office Building DST Full Cycle, Resulting in Nearly 190 Percent Return on Equity in Five Years*

News Release: Capital Square 1031 Takes Medical Office Building DST Full Cycle, Resulting in Nearly 190 Percent Return on Equity in Five Years*

Sale marks the sixth DST offering Capital Square has taken full cycle in 12 months NEW YORK (June 25, 2019) – Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust (DST) offerings, announced today the sale of an approximately 18,000-square-foot medical office building in the New York hamlet […]

News Release: Just Closed - Towne Lake Overlook

News Release: Just Closed – Towne Lake Overlook

JUST CLOSED TOWNE LAKE OVERLOOK Woodstock, Georgia Sale Date: 6/18/2019 Property Size: 52,297 SF Occupancy: 85% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of Towne Lake Overlook (the “Property”), located in Woodstock, Georgia. Lee Asher, Chris Bodnar, Shane Seitz, Sabrina Solomiany and Ryan Lindsley acted as the seller’s exclusive advisors. The […]

News Release: 3367 S. Mercy Road, Gilbert, AZ - Just Sold

News Release: 3367 S. Mercy Road, Gilbert, AZ – Just Sold

JLL Sold! Spectrum Medical Commons 3367 South Mercy Road Gilbert, AZ 85297 $17,750,000 43,354 square feet $409.42/SF Buyer: Hammes Partners Seller: Irgens Brian Ackerman | +1 602 282 6247 | brian.ackerman@jll.com The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please […]

News Release: Just Closed - Pasadena Retail & Medical Center | Sold All Cash Above List Price

News Release: Just Closed – Pasadena Retail & Medical Center | Sold All Cash Above List Price

Just Closed Multi-Tenant Medical/Retail Investment 777 S. Arroyo Pkwy Pasadena, CA Closing Highlights PURCHASE PRICE: $5,175,000 OM DOWNLOADS: 150+ TOTAL GLA: 8,050 SF TRAFFIC COUNTS: 40,000 CPD All Cash International Buyer Sold Over $450K Above List Price Procured 15 Offers First Two Weeks of Marketing – Competitive Bidding Process Excellent Freeway Adjacent Location, Located Along Historic Route 66 National […]

News Release: Just Closed - Center for Minimally Invasive Surgery

News Release: Just Closed – Center for Minimally Invasive Surgery

JUST CLOSED CENTER FOR MINIMALLY INVASIVE SURGERY Mokena, Illinois Sale Date: 6/13/2019 Property Size: 28,834 SF Sale Price: $19.25M Price Per SF: $685 % Leased: 100% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Center for Minimally Invasive Surgery (the “Property”), located in Mokena, Illinois, an affluent village located approximately 30 miles […]

News Release: Bristol Health and Rendina Celebrate Grand Opening of Downtown Medical Care Center

News Release: Bristol Health and Rendina Celebrate Grand Opening of Downtown Medical Care Center

FOR IMMEDIATE RELEASE BRISTOL, Conn., June 19, 2019 – City officials, staff from Bristol Health and representatives from Rendina Healthcare Real Estate gathered to celebrate the grand opening of Bristol Health’s new Medical Care Center (MCC), a 62,000-square-foot healthcare facility that will expand critical health services for the Bristol community. As a pioneer project in […]

HSA PrimeCare recently started construction on a 40,000-square-foot medical office pavilion on Silver Cross Hospital’s campus in New Lenox, Ill., a southwest suburb of Chicago.

News Release: HSA PrimeCare Breaks Ground on 40,000 SF Medical Office Building on Silver Cross Hospital Campus in New Lenox, Ill.

FOR IMMEDIATE RELEASE:  CHICAGO (June 18, 2019) — HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real Estate, last week broke ground on a 40,000-square-foot medical office pavilion on Silver Cross Hospital’s campus in New Lenox, Ill., immediately west of the I-355/I-80 interchange. Scheduled for completion in December 2019, the state-of-the-art […]

News Release: Mooresville Ambulatory Surgery Center and Medical Office Building

News Release: Mooresville Ambulatory Surgery Center and Medical Office Building

Mooresville Ambulatory Surgery Center and Medical Office Building Mooresville, NC Estimated Completion: TBD ABOUT THE PROJECT Edifice is teaming with Davis Stokes Collaborative, Community Health System and Nest Homes to design and build a new three-story, 31,000sf Ambulatory Surgery Center and Medical Office Building.  The new building will support a new operating suite with provisions […]

News Release: Ridgeline Capital Partners Sells Fort Worth Medical Office Building

News Release: Ridgeline Capital Partners Sells Fort Worth Medical Office Building

FOR IMMEDIATE RELEASE June 18, 2019 Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), a private real estate investment firm, has sold Magnolia Medical Tower, an 89,990 square foot medical office building located in the Fort Worth Medical District. HR Acquisition of San Antonio, Ltd. purchased the property for an undisclosed price. Ridgeline purchased the property in 2016 […]

News Release: Julie Johnson and Alexandra Loye join Colliers International in Arizona

News Release: Julie Johnson and Alexandra Loye join Colliers International in Arizona

Date Published: 06/17/2019 Leading healthcare brokerage team brings long-standing expertise to Colliers Phoenix, June 17, 2019 – Julie A. Johnson, CCIM, and Alexandra Loye moved their healthcare brokerage practice to Colliers International in Arizona. The duo is one of the city’s leading medical office and senior housing teams for leasing, sales and site selection. Johnson joins the company as executive […]

New Release: Just closed: Magnolia Medical Tower | Fort Worth, Texas

New Release: Just closed: Magnolia Medical Tower | Fort Worth, Texas

The JLL Healthcare Capital Markets Group is pleased to announce the sale of Magnolia Medical Tower in Fort Worth, Texas.  The 89,990 rentable square foot medical office building is directly adjacent to Baylor Scott & White All Saints Medical Center within the vibrant Fort Worth Medical District, home to five acute care hospital campuses with approximately […]

Thought Leaders: 2019 Healthcare Real Estate Investor & Developer Survey Results

Thought Leaders: 2019 Healthcare Real Estate Investor & Developer Survey Results

CAPITAL MARKETS CBRE U.S. Healthcare Capital Markets is pleased to present the 2019 findings of our tenth annual Investor & Developer Survey. In developing the survey, our main objective was to identify key patterns and forces influencing the healthcare real estate industry, which we hope will help our clients to better understand the state of […]

News Release: Franciscan Health Mooresville (Ind.) Plans Major Improvements, Expansion

News Release: Franciscan Health Mooresville (Ind.) Plans Major Improvements, Expansion

MOORESVILLE, Indiana – Franciscan Health Mooresville – Morgan County’s only full-service hospital – is moving forward with significant infrastructure improvements that will pave the way for future building plans, including a new medical office building. “Our Mooresville hospital continues to address the growing health care needs of Morgan, Hendricks and southwestern Marion counties,” said James Callaghan, MD, […]