Artist rendering of the Cleveland Clinic Family Health Center in Coral Springs, Fla.  (Rendering courtesy of Rendina)

News Release: Cleveland Clinic Partners with Rendina on Family Health Center

JUPITER, Fla., May 17, 2017 – Cleveland Clinic and Rendina Healthcare Real Estate have broken ground on a new $32 million, 72,000-square-foot Family Health Center in Coral Springs, Fla. Situated on a 5.25 acre site at the intersection of University Drive and Sawgrass Expressway, the three-story facility will be fully occupied by Cleveland Clinic and […]

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Cover Story: Tearing up Obamacare

How potential health law changes might affect HRE By John B. Mugford With resistance in Congress, President Donald Trump has found it more difficult than he expected to keep his campaign promise to repeal and replace Obamacare. Yet most believe that some changes to the Patient Protection and Affordable Care Act (PPACA) are inevitable. How […]

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The $154 million, 459,717 square foot Baylor Charles A. Sammons Cancer Center, which was developed by Duke Realty, opened in Dallas in late March.
Photo courtesy of Duke Realty

News Release: Duke Realty to sell medical office business to Healthcare Trust Of America for $2.8 billion

Nearly $3 Billion of Proceeds When Combined with Recently Completed Ten Building Sale to Hospital System; Positioned as Leading Pure Play Domestic Industrial REIT INDIANAPOLIS, IN — (Marketwired) — 05/01/17 — Duke Realty Corporation (NYSE: DRE) (the “Company”) entered into an agreement with a subsidiary of Healthcare Trust of America, Inc., to sell its medical […]

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Sears Holdings Corp. is the most vulnerable public retail company, according to a recent analysis by S&P Global Market Intelligence. (Photo by Andriy Blokhin, Shutterstock)

Industry Pulse: Opportunities are increasing for retail repurposing

Almost 3,600 retail stores are slated to close this year, including hundreds of big boxes and department stores In the aftermath of the Great Recession, it became a common strategy for healthcare providers and healthcare real estate (HRE) firms to repurpose the buildings of failed big box and department stores. The bankruptcies of Circuit City, […]

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Cover Story: Who are the biggest outpatient HRE developers?

Cover Story: Who are the biggest outpatient HRE developers?

PMB, Duke Realty and NexCore Group led the way as 35.7 million square feet of MOBs and other outpatient healthcare real estate projects were started or completed last year, according to a new survey from Revista and HREI™ By John B. Mugford The year 2016 was a banner one for the development of medical office […]

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Current Edition

Current Edition

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)   2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this article is only available to paid subscribers. If […]

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The 73,238 square foot Adena Health Pavilion at 4437 Highway 159 in Chillicothe, Ohio, was part of Starwood Property Trust’s acquisition of a 35-building portfolio from NorthStar Realty Finance for $796.6 million to close out Q4 2016, bolstering the quarter’s total MOB sales volume to $3.33 billion.
Photo courtesy of Cornerstone Cos. Inc.

Transactions: MOB sales strong in Q4 2016

Bolstered by a big portfolio sale, quarter’s MOB volume hit $3.33 billion By John B. Mugford Commercial real estate brokers are known to say that sales of medical office buildings (MOBs), as well as other types of commercial real estate, typically pick up in the final quarter of most years. That was certainly the case […]

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As part of its joint venture partnership with USAA Real Estate, Flagship Healthcare Properties in mid-2016 added to its portfolio this facility, the 100,000 square foot DePaul Medical Plaza in Norfolk, Va. (Photo courtesy of Flagship Healthcare Properties)

Companies & People: Flagship adds ‘healthcare’ to its name

Company is growing in all facets; adds Dev Gregg to lead development team By John B. Mugford It seemed like only a matter of time before Brackett Flagship Properties LLC changed its named to reflect the strong niche it’s carved out in the Southeast healthcare real estate (HRE) market. The Charlotte, N.C.-based company did just […]

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News Release: Griffin-American Healthcare REIT IV Acquires Two-Building Medical Office Building Portfolio in Athens, Georgia

ATLANTA, May 24, 2017 /PRNewswire/ — American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired the two-building Athens Medical Office Building Portfolio in Athens, Georgia, approximately 70 miles east of Atlanta. Built in 2007, the approximately 61,000-square-foot Athens Medical Office Building […]

The spacious building serves as Clara Maass Medical Center’s new main entrance and houses a new 27,000-square-foot, state-of-the-art 32-bed Intensive Care Unit (ICU).

News Release: Rendina and Clara Maass Medical Center Celebrate Grand Opening of 87,000 square foot Expansion

BELLEVILLE, N.J., May 24, 2017 – Last month, representatives from Rendina Healthcare Real Estate joined Clara Maass Medical Center CEO Mary Ellen, hospital employees, and town officials to celebrate the grand opening of the 87,000 square foot medical office/ICU addition in Belleville. The facility was developed by Rendina as part of its ongoing relationship with […]

Thought Leaders: 2017 Cushman & Wakefield MOB Report | Vital Signs: Assessing the Health of Healthcare

Thought Leaders: 2017 Cushman & Wakefield MOB Report | Vital Signs: Assessing the Health of Healthcare

Legislation Creates Industry Uncertainty, But Fundamentals Still Strong The 2016 elections and recent moves by the current administration have brought a new wave of uncertainty to the U.S. healthcare industry. What does that mean for healthcare real estate? Despite changes to provider payment models, insurance exchanges, and immigration policies, demand for Medical Office Buildings remains […]

Bull Realty brokered the sale of “The Exchange,” two identical medical office buildings totaling 61,203 SF in Athens, GA. (Photo courtesy of Bull Realty)

News Release: Bull Realty Brokers $16.8 Million Medical Office Building in Athens, GA

ATLANTA (May 22, 2017) — Paul Zeman, President of Healthcare Real Estate Services at Bull Realty, brokered the sale of “The Exchange,” two identical medical office buildings totaling 61,203 SF in Athens, GA. The sale closed on May 18, 2017 for $16.8 million. The Exchange was built in 2007 by Bell Harrison Development. St. Mary’s […]

News Release: Robert Smith Designated as Jersey Shore University Medical Center Foundation’s Board of Trustees Member

News Release: Robert Smith Designated as Jersey Shore University Medical Center Foundation’s Board of Trustees Member

The Allied’s Group’s Founder/CEO Recognized for Strong Philanthropy and Community Service NEPTUNE, N.J., May 18, 2017 – The Allied Group’s CEO, Robert Smith, was recently appointed to Hackensack Meridian Health Jersey Shore University Medical Center Foundation’s Board of Trustees. The founder of the industry-leading renovation company, who lives and works in Monmouth County, NJ, was […]

News Release: Brandon Wallace Joins Cushman & Wakefield as Senior Director

News Release: Brandon Wallace Joins Cushman & Wakefield as Senior Director

Wallace Bolsters Cushman & Wakefield’s Atlanta Healthcare Practice Group ATLANTA, May 18, 2017 – Cushman & Wakefield has hired industry veteran Brandon Wallace as Senior Director to co-lead the company’s Healthcare Practice Group in Atlanta alongside George Olmstead, Senior Director. Wallace will bring his proven strategic relationships and healthcare real estate expertise to this growing […]

HREI has learned that a Caddis partnership acquired 1393 George Dieter Drive in El Paso, Texas, as part of the transaction. (Photo courtesy of Caddis)

News Release: Capital One Closes $32.7 Million Loan for Medical Office Building Portfolio

FOR IMMEDIATE RELEASE Capital One Closes $32.7 Million Loan for Medical Office Building Portfolio Bethesda, Md. (May 17, 2017) – Capital One announced today that it provided a $32.7 million loan for a portfolio of six medical office buildings in Florida, Georgia, South Carolina and Texas, totaling 186,000 square feet. Caddis Healthcare Real Estate—an investment, development […]

News Release: Hammond Hanlon Camp LLC Advises Pekin Memorial Hospital on its Affiliation with UnityPoint​

CHICAGO (May 17, 2017) — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused investment banking firm, served as the exclusive advisor to Pekin Memorial Hospital (“Pekin”), its sponsor, Progressive Health Systems (“PHS” or the “System”), and other PHS affiliates, in a transfer of membership to UnityPoint Health-Peoria. Pekin is a 107-bed hospital located in Pekin, Illinois, […]

News Release: Transwestern Deepens National Healthcare Services with Project and Construction Management

News Release: Transwestern Deepens National Healthcare Services with Project and Construction Management

Peter Stojkovic Joins the Firm as National Managing Director (MAY 17, 2017 – HOUSTON) – Transwestern today announces Peter Stojkovic has been appointed National Managing Director in the firm’s Healthcare Advisory Services group to oversee project management and construction services for healthcare projects across the country. Stojkovic, who is based in the Houston headquarters, also […]

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News Release: Recent MOB Sale – Rainier Orthopedic Institute

Global Healthcare Services Structures Tax-Efficient Seller Reinvestment for Seattle MOB Disposition Written by: Jonathan Kesler, Global Healthcare Services The Newmark Grubb Knight Frank Global Healthcare Services team recently closed the on the sale of the Rainier Orthopedic Institute in Puyallup, WA. Anchored by Proliance Orthopedic Associates, a dominant provider of orthopedic care in the Puget […]

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News Release: Carter Validus Mission Critical REIT II, Inc. Acquires Healthcare and Data Center Properties Totaling Over $141 Million

The acquisitions add approximately 362,000 leased square feet, including the largest data center in Connecticut, to Carter Validus Mission Critical REIT II, Inc.’s portfolio May 15, 2017 01:47 PM Eastern Daylight Time TAMPA, Fla.–(BUSINESS WIRE)–Carter Validus Mission Critical REIT II, Inc. (“CV Mission Critical REIT II”), a non-traded real estate investment trust focused on assembling […]

Scott Brinker

News Release: HCP Appoints Scott Brinker as Chief Investment Officer

NEWS PROVIDED BY HCP 15 May, 2017, 09:00 ET IRVINE, Calif., May 15, 2017 /PRNewswire/ — HCP (NYSE: HCP) announced today that Scott Brinker will join the Company as Executive Vice President and Chief Investment Officer, with an effective date of January 4, 2018.  Mr. Brinker will report to HCP’s Chief Executive Officer, Tom Herzog. […]

News Release: Just Sold | 43839 N. 15th St. West | Lancaster, California

News Release: Just Sold | 43839 N. 15th St. West | Lancaster, California

Transaction Summary CBRE’s Investment Properties-So Cal team is pleased to announce the sale of 43839 N. 15th St. West in Lancaster, CA at a price of $12,500,000 or a 6.83% cap rate. The 76,748 SF medical office building was 100% leased to High Desert Medical Group with 9 years of remaining lease term. Gary Stache, […]

News Release: The Missner Group Selected to Expand Illinois Bone & Joint Institute’s Downtown Chicago Location

(Des Plaines, Illinois) – The Missner Group is pleased to announce that the firm has been selected for a substantial renovation and expansion project at the Illinois Bone & Joint Institute (IBJI) located at 111 N. Canal Street in Chicago. “We are pleased to work with the Illinois Bone & Joint Institute on another one […]

News Release: Revista adds new partner, board members

News Release: Revista adds new partner, board members

Capital One signs on as Platinum Partner; Capital One, THR and Kaiser executives join Advisory Board; and plans are unveiled for 2018 Medical Real Estate Investment Forum ARNOLD, Md., May 10, 2017 – Revista, the nation’s healthcare real estate information leader, recently announced the addition of a new Platinum Partner, Capital One Healthcare, and accompanying […]