The 350,886 square foot Doctors Center at Emory Saint Joseph’s in Atlanta, consisting of three on-campus MOB connected by an atrium, is the largest of the 14 assets being offered as part of the LHT Medical Office Portfolio.
(Photo courtesy of CBRE)

Cover Story: Seems like old times

Fourteen assets totaling more than 1.2 million square feet from of one of the first MOB REITs, Lillibridge Health Trust, are back on the market By Murray W. Wolf Lillibridge is selling a portfolio of 14 medical office assets it acquired in the late 1990s and early 2000s as part of its first MOB fund, […]

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Revista reports that one of last year’s largest individual MOB sales was the $52 million acquisition of the 117,649 square foot Red Rocks Medical Center in Boulder, Colo., by Olympus Ventures from West Side Medical Center LLC in October. (Photo courtesy of Boulder Associates)

Feature Story: 2014 healthcare real estate sales volume surpassed $11.3 billion

Medical office made up almost $9.3 billion of the total, Revista says By Murray W. Wolf U.S. medical real estate sales totaled more than $11.3 billion in 2014, according to the healthcare real estate (HRE) data service Revista. Medical office building (MOB) sales accounted for 63 percent of the total dollar volume of transactions, followed […]

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Cover Story: Non-traded healthcare REITs seek deals amid flood of capital

Cover Story: Non-traded healthcare REITs seek deals amid flood of capital

By Murray W. Wolf Probable interest rate increases, new competition, historically high asset pricing and a potential lack of accretive acquisition opportunities are some of the concerns facing executives at the country’s non-traded healthcare real estate investment trusts (REITs). That’s according to “Placing Capital: The Role of Non-traded REITS in the Market,” a panel discussion […]

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Feature Story: Southern accent dominates awards

Feature Story: Southern accent dominates awards

Six HREI Insights AwardsTM top projects were in the South; Berman, Rendina also won There was a distinctly Southern flavor to this year’s HREI™ Insights Awards™. Six of the seven award-winning projects, plus the Lifetime Achievement Award, all went to projects and people from the southern United States. The Winners of the second annual awards, […]

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Chicago-based Harrison Street Real Estate Capital recently acquired about half of the square footage of the 220,000 square foot orthopedic ambulatory care building on the campus of Rush University Medical Center in Chicago.
(Photo courtesy of CBRE Group Inc.)

Transactions: Harrison St. lands big Chicago deal

Equity investor pays $63.2 million for leasehold interest in building at Rush By John B. Mugford Harrison Street Real Estate Capital continues to find success in raising equity, as it recently topped the $1 billion mark for its fifth investment fund. It’s not doing too badly in placing that equity, either, focusing on investing in […]

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Outpatient Projects: PMB competes Los Alamitos MOB

Outpatient Projects: PMB competes Los Alamitos MOB

New parking structure facilitates construction of $37 million, 70,000 s.f. facility By Murray W. Wolf Pacific Medical Buildings (PMB) recently completed a $37 million, three-story, 70,000 square foot multi-tenant medical office building (MOB) and a six-level parking structure on the campus of Los Alamitos Medical Center (LAMC) in Los Alamitos, Calif. Construction began in July […]

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The new $1.5 billion, 878,000 square foot University of California at San francisco (UCSF) Medical Center at Mission Bay opened recently after about a decade of planning. The massive campus is served by $6 million worth of specialized robots.
(Photo courtesy of UCSF Medical Center)

Inpatient Projects: $1.5 billion UCSF hospital opens

Mission Bay campus focusses on women, children, cancer; tech playing a big role By John B. Mugford The new $1.5 billion University of California at San Francisco (UCSF) Medical Center at Mission Bay is now up and running, and it’s getting plenty of help and heavy lifting from some non-humans working on the campus. According […]

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One of the assets acquired by Griffin-American Healthcare REIT III during the first quarter was the 31,070 square foot Keller (Texas) Medical Plaza. The MOB, which was acquired from Caddis Partners, was 94 percent leased at the time of the sale. (Photo courtesy of Caddis)

Transactions: G-A Healthcare REIT III caps $353.7 million Q1

Non-traded healthcare real estate trust says it has about $509 million more in the pipeline By Murray W. Wolf Griffin-American Healthcare REIT III Inc. acquired $353.7 million worth of healthcare real estate (HRE) during the first quarter (Q1) and has about $509 million of additional transactions in the pipeline. That’s according to American Healthcare Investors […]

The five-story, 122,479 square foot Northwest Specialty Clinics building in Springfield, Ore., recently sold for $61.4 million, or slightly more than $500 per square foot. Harrison Street was the buyer and a partnership of physicians was the seller. (Photo courtesy of JLL)

Transactions: Harrison Street buys Oregon MOB

JLL represents seller in $61.4 million sale of 122,479 square foot med building By Murray W. Wolf An affiliate of Harrison Street Real Estate Capital has acquired the five-story, 122,479 square foot Northwest Specialty Clinics MOB in Springfield, Ore., for a reported $61.4 million, or slightly more than $500 per square foot (PSF). The transaction […]

Transactions: Colliers closes on two MOB transactions totaling more than $20 million

MT. JULIET and JOHNSON CITY, Tenn. – The Nashville office of the Healthcare Investment Services Group of Colliers International recently brokered the sales of two Tennessee MOBs. Joe Massa, national director of healthcare, brokered the sale of the 45,706 square foot Providence West Medical Center in Mt. Juliet for $13 million, or about $284 PSF. […]

Transactions: Foreclosed medical facility in El Paso, Texas, gets new owners

EL PASO, Texas. – A vacant El Paso medical/oncology facility that was foreclosed on in 2010 has been sold. CBRE Capital Markets announced March 16 that it has brokered the sale of the three-story, 42,750 square foot facility on about three acres at 4532 N. Mesa in the western part of the city. Scott Herbold […]

Transactions: More Transaction News

■ Jabbel Holdings LLC, which is affiliated with Lakeview Village Corp. of Garden Grove, Calif., has acquired the 46,286 square foot Harbor Shores Medical Center I at 3921 E. Baseline Road in Gilbert, Ariz., for $4.25 million. Eric Wichterman and Mike Coover of DTZ in Phoenix represented the seller. The buyer was self-represented. The property had been foreclosed on […]

The Patriot Professional Center, a 57,320 square foot MOB with a surgery center, is part of a two-building MOB portfolio currently on the market in Frederick, Md. (Photo courtesy of Avison Young.)

Hot Property: Maryland MOBs have hospital ties

Portfolio is on ‘Doctor’s Row’ and growing military research base in Frederick, Md. Name: Frederick Memorial MOB Portfolio Number of buildings: 2 Addresses: 194 & 45 T. Johnson Drive City: Frederick, Md. Square footage: 82,261 Leased: 100% Avg. remaining lease: 5.7 years Years completed: 2006 and 2012 Major tenant: Frederick Memorial Hospital Secondary tenant: Johns […]

Ground was recently broken for a $100 million, seven-story, 140,000 square foot medical office building for Maimonides Medical Center in Brooklyn, N.Y. (Rendering courtesy of Gensler Architects)

Outpatient Projects: Frauenshuh, HCN team on N.Y. MOB

Partners will develop, own $100M, 140,000 s.f. Maimonides Medical Arts Building By Connie M. McCaffrey A series of medical office buildings (MOBs) in Brooklyn, N.Y., that were once brownstone residences have been demolished to make way for a new, $100 million comprehensive outpatient center to be operated by the adjacent 711-bed Maimonides Medical Center. Partnering […]

Plans for a $185 million, 10.31-acre medical campus in Bucks County, Pa., include a 178,439 square foot medical service center, a 109,480 square foot skilled nursing facility and a 97,000 square foot parking structure. (Rendering courtesy of Lifestyle Healthcare Group)

Outpatient Projects: $185M outpatient campus underway

Lifestyle Healthcare Group’s 385,000 square foot project is outside of Philadelphia By Connie M. McCaffrey The name of the game in healthcare these days is integration, as in having a health system provide all of the services each patient needs through a network of collaborating and communicating physicians and care givers. If they are not […]

Duke Realty developed, owns and manages the four-story, 95,000 square foot St. Vincent Carmel Women’s Center outpatient facility which recently opened on the campus of St. Vincent Carmel Hospital in Carmel, Ind., north of Indianapolis. (Photo courtesy of Duke Realty)

Outpatient Projects: Indiana system opens women’s center

95,000 s.f. facility was developed and is owned, managed by Duke Realty Corp. By Connie M. McCaffrey Healthcare providers in Hamilton County, Ind., north of Indianapolis, are feeling the effects of a growing population. In a move designed to provide more services to women and to consolidate those services into a new and more efficient […]

Outpatient Projects: Irgens, Cigna plan 60,000 s.f. MOB, urgent care and seniors facility in Peoria, Ariz.

PEORIA, Ariz. – Milwaukee-based Irgens, which has offices in Chicago and Phoenix, recently announced plans to develop a 60,000 square foot MOB on a 8.7-acre site at the corner of 91st Avenue and Thunderbird Road in Peoria, about 14 miles northwest of Phoenix. Irgens is developing the building for Phoenix-based Cigna Medical Group, one of […]

Outpatient Projects: Sacramento suburb okays plan for new Dignity Health MOB on civic center site

CITRUS HEIGHTS, Calif. – The Citrus Heights City Council recently approved, on a unanimous vote, the relocation of the town’s Civic Center and City Hall in order to clear the way for San Francisco-based Dignity Health’s future three-story, 68,727 square foot, $53.2 million MOB on the site. Dignity’s project is slated for property at Greenback […]

Outpatient Projects: Columbia Development proposes to 60,000 s.f. MOB in growing New York town

CLIFTON PARK, N.Y. – Albany, N.Y.-based Columbia Development Group is looking to capitalize on a growing need for medical services in a growing city about 17 miles north of its headquarters. The company recently presented a proposal to the Park Planning Board in the city of Clifton Park for a single-tenant, pre-leased $15 million, 60,000 […]

The $300 million redesign of the Boston Medical Center campus is slated to include the construction of a transport bridge to make it easier to move patients from the BMC helipad to the Emergency Department across the street. (Rendering courtesy of TRO Jung Brannen)

Inpatient Projects: Boston Med Center to break ground

Renovated campus, now estimated at $300 million, will include more upgrades By Connie M. McCaffrey Boston Medical Center will soon break ground on an extensive, $300 million redesign of its campus in the city’s historic South End. The new cost estimate is about $30 million more than originally projected, according to officials, who added that […]

Inpatient Projects: Parkridge Health System plans major expansion at Chattanooga, Tenn., hospital

CHATTANOOGA, Tenn. – Officials at Parkridge Health System recently announced that the organization is planning a $62 million expansion of the five-story, 275-bed hospital in downtown Chattanooga. Jim Coleman, Parkridge Health System’s chief operating officer, noted in a statement that, “This is easily the biggest expansion at our downtown campus in the past 20 years. […]

Inpatient Projects: Banner Health is opening new $86 million hospital in Fort Collins, Colo.

FORT COLLINS, Colo. – Phoenix-based Banner Health, one of the largest healthcare systems in the country, is opening an $86 million, 146,000 square foot, 22-bed hospital in Fort Collins. The growing city has never had two hospitals, as Poudre Valley Hospital has been the town’s only acute-care facility for 90 years. The new Banner Fort […]