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Feature Story: It’s boom time for life science real estate
Panelists discuss the sector’s remarkable growth during recent BOMA MOB conference By John B. Mugford Think the medical office building (MOB) sector is holding up well during the COVID-19 pandemic? (As most professionals involved in the sector are aware, it most certainly is.) But one somewhat related real estate sector, that involving life science facilities, […]
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Transactions: MOB sales were $7.2B through Q3
Five-year streak of at least $10 billion per year is in jeopardy after weak third quarter By John B. Mugford With medical office building (MOB) sales volume of about $7.2 billion through Sept. 30, it’s going to take a big fourth quarter (Q4) to top $10 billion for the sixth consecutive year. According to nationwide […]
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Feature Story: Timeshare medical space might be here to stay
Panelists discuss their use, and appeal to investors, during BOMA MOB conference By John B. Mugford As health systems and other providers continue to explore ways to expand their reach into new communities or markets, they are undoubtedly looking for as many ways to do so as efficiently as possible. If their research indicates that […]
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Feature Story: Wall Street analysts laud sector during BOMA MOB conference
Despite COVID, total MOB sales volume is likely to top 2019, according to panelists By John B. Mugford With medical office buildings (MOBs) continuing to show their resiliency amid the COVID-19 pandemic, it would only make sense that the product type continues trading at strong pricing and attracting an even wider range of investor types. […]
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Transactions: Healthpeak acquires a seven-MOB portfolio for $169M
Purchase is part of strategy focused on MOBs, life science, CCRCs; JLL brokered the deal By John B. Mugford As Irvine, Calif.-based Healthpeak Properties Inc. carries out a four-year-old strategy that involves selling much of its senior housing and senior housing operating portfolio (SHOP) properties, it continues to invest the proceeds from such sales into […]
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Feature Story: MOB sales were $2B in Q3, with occupancies steady
During webcast, Revista and Anchor officials provide update on the sector By John B. Mugford MOB sales have certainly been a bit sluggish since the onset of the COVID-19 pandemic, but not as slow as might’ve been predicted when the crisis first hit. In fact, according to the latest MOB sales data from Arnold, Md.-based […]
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Transactions: TST, Harrison Street sell 11-property portfolio for $240M
Lincoln Advisors acquires the 474,100 square feet of MOBs, IRFS for pension fund client By John B. Mugford At this point during the COVID-19 pandemic, there are plenty of investors looking to deploy “pent up” capital into stable investments amid a time of continued uncertainty. This was certainly evident during the recent marketing and sales […]
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Feature Story: Systems are planning for the post-COVID world
Executives discuss strategies during InterFace Carolinas conference By John B. Mugford In the world of healthcare real estate (HRE), everyone involved understands that the drivers of the sector – including the amount of development space needed, and even the price for which properties trade – are the country’s health systems. Their financial health, their strategies […]
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Transactions: A busy few weeks, year for Anchor
The firm is in the midst of closing MOB investments totaling about $106 million By John B. Mugford As everyone involved in medical office building (MOB) acquisitions knows by now, the COVID-19 pandemic is not putting a damper on investor appetites for the product type. In fact, the pandemic looks to be shining an even […]
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News Release: 2020 HREI Insights Awards Finalists announced
8th annual awards recognize excellence in HRE development and leadership MINNETONKA, Minn. — HREI is pleased to announce the Finalists of the 2020 HREI Insights Awards, the first and only national awards dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership. The awards are presented by Minnetonka-basedHREI, the nation’s first […]
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Feature Story: MOB development likely to take a hit in 2021
Even so, upbeat InterFace panelists say there are opportunities out there By John B. Mugford As the COVID-19 pandemic continues, it has become clear that medical office buildings (MOBs) are one of the most resilient, most likely to survive any type of economic slowdown or national crisis product type in commercial real estate. However, one […]
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Transactions: IRA Capital lands a significant MOB purchase near Milwaukee
Investor pays about $60M for two-building complex occupied by Froedtert By John B. Mugford MENOMONEE FALLS, Wis. – Irvine, Calif.-based IRA Capital, a private real estate investor making quite a splash in medical office building (MOB) acquisitions in recent years, has made a significant purchase in Menomonee Falls, a suburb of Milwaukee. In an exclusive […]
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Feature Story: Pandemic has done little to dent MOB investment activity
Investors in virtual InterFace event say 2020 volumes will be comparable to 2019 By John B. Mugford “This industry continues to display its real resiliency, and that is going to keep the capital flowing into it,” said Peter Westmeyer, CEO of Chicago-based Remedy Medical Properties, formerly MBRE Healthcare, which has the largest private medical office […]
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July/August 2020
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) 2020 Archives 2019 Archives 2018 Archives 2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this […]
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Cover Story: The invincible MOB
No investment is recession-proof – or pandemic-proof. But medical office buildings come pretty close. By John B. Mugford As the Great Recession of 2007-09 dragged on, the hot topic of discussion in healthcare real estate (HRE) circles was, “Are medical office buildings (MOBs) recession-proof?” Developers, investors, brokers, lenders and others speculated about whether the HRE […]
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Transactions: Community Healthcare Trust lands a 9-MOB portfolio
While the REIT typically invests less than $10M per deal, the portfolio cost $38.2 By John B. Mugford At a time when a majority of medical office building (MOB) transactions throughout the country are taking place as single-asset deals, an investor that typically acquires one building at a time for less than $10 million has […]
News Release: Transwestern tapped to lease and manage 351,030 sf office in Houston’s Bellaire Submarket
Corporate and Healthcare Users to Benefit from Proximity to Texas Medical Center (Nov. 23, 2020 – Houston) – Transwestern Real Estate Services (TRS) announces it has been engaged by Capital Commercial Investments Inc. to provide leasing and management services for a five-story, 351,030-square-foot building at 6500 W. Loop S. in Houston. Located only 4 miles […]
News Release: Announcement – $13.6M Medical Office Sale (New Bern and Jacksonville, N.C.)
Fairfield Advisors announces sale of 2 Medical Office Buildings in New Bern, NC. and Jacksonville, NC. – $13,600,000 Transaction – (Denver, CO.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of 2 Medical Office Buildings in Coastal North Carolina. The buildings, totaling 40,000 square feet, are […]
News Release: Central Phoenix Experiences Boom in Healthcare and Bioscience
FOR IMMEDIATE RELEASE Billions in New Investment Makes Healthcare One of Fastest Growing Industries in Market PHOENIX (November 19, 2020) – In the nation’s fifth largest city, a unique hub for healthcare and bioscience industries is rising in a revitalized part of the community. Phoenix’s healthcare hub is becoming increasingly critical as a result of […]
News Release: JLL Selected to Market Five Building 674,000-Square-Foot St. Vincent’s Medical Center Campus (Los Angeles)
The company is overseeing leasing and marketing at property LOS ANGELES, November 20, 2020 – JLL announced today that it has been hired to assist the owner to lease and reposition the five building, 674,000-square-foot St. Vincent’s Medical Center campus in Los Angeles, California. The campus was purchased from Verity Health in April 2020 by […]
News Release: Marcus & Millichap Brokers Northern California Medical Office Building Sale
FOR IMMEDIATE RELEASE WALNUT CREEK, Calif., Nov. 19, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 2625 Shadelands Drive, a 60,000-square-foot medical office building in Walnut Creek, California. “The property is the buyer’s first healthcare […]
News Release: Three PMB-developed projects and president named 2020 HREI Insights Awards Finalists
HREI magazine’s national awards program honors medical facilities the healthcare real estate firm developed in Arizona, Calif. and Wash. FOR IMMEDIATE RELEASE SAN DIEGO, Nov. 19, 2020 — PMB’s president and three PMB-developed medical facilities have been honored as Finalists in Healthcare Real Estate Insights (HREI) magazine’s annual, national awards program. The leading national healthcare real estate […]
News Release: Recent Sale | 99,000 SF On-campus medical office building (Carmichael, CA)
Recent Sale Swettenham Ortiz Healthcare Team COLLIERS INTERNATIONAL | SACRAMENTO November 19, 2020 On-campus medical office building in Carmichael sold Swettenham Ortiz Healthcare Team brokers sale of 99,000 SF medical office building on the Mercy San Juan Medical Center campus The Swettenham Ortiz Healthcare Team is pleased to announce the closing of 6555 Coyle Avenue […]
News Release: MetLife Investment Management provides $52.76M loan for Research Triangle lab conversion (Morrisville, N.C.)
Life science capital markets well positioned for continued growth in 2020 notes JLL Capital Markets BOSTON, November 19, 2020 – JLL Capital Markets announced today that it has arranged $52.76 million in financing for Perimeter’s Edge, a flex/office, lab-convertible portfolio totaling 341,547 square feet across four buildings in Morrisville, North Carolina. JLL worked on behalf […]
News Release: Montecito Medical Acquires Minneapolis Area Medical Office Complex
FOR IMMEDIATE RELEASE November 19, 2020 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office properties throughout the U.S., has completed the acquisition of Ridges Pondview Medical Office Building, a high-profile medical complex in the Greater Minneapolis area. The two-story facility is situated on the campus of M Health Fairview Ridges […]
News Release: NIC’s Skilled Nursing COVID-19 Tracker Shows Worrying Pace of Cases Across the U.S.
By: Omar Zahraoui | November 18, 2020 Since May 31, 2020, NIC has been publishing a regular updated weekly surveillance report on the incidence of COVID-19 cases among residents in our nation’s nursing care properties. Using raw data collected and reported by the Centers for Medicare & Medicaid Services (CMS), NIC’s Skilled Nursing COVID-19 Tracker (Tracker) reports […]
News Release: Two NexCore Group healthcare developments named 2020 HREI Insights Awards Finalists
FOR IMMEDIATE RELEASE Healthcare Real Estate Insights magazine’s annual, national awards program honors medical facilities the company recently developed in Tucson, Ariz., and Millard, Neb., an Omaha suburb DENVER; TUCSON, Ariz., and OMAHA, Neb., Nov. 18, 2020 — Two healthcare facilities developed by NexCore Group, a national healthcare real estate developer, and , have been honored as Finalists in Healthcare […]
News Release: It’s a Done Deal: Maine HHEFA (ADV)
Raymond James Healthcare Finance It’s a done deal Raymond James serves as Sole Manager for Maine Health and Higher Educational Facilities Authority’s $13.105 million revenue bonds MHHEFA was able to yield a positive result and capitalize on very favorable market conditions, with an all-in TIC of 2.66%. To learn more about this transaction, please view the […]
News Release: Tennessee Outpatient facility to be developed in partnership with United Surgical Partners International
For Immediate Release Date: November 17, 2020 OGA Breaks Ground on new Murfreesboro Medical Facility Outpatient facility to be developed in partnership with United Surgical Partners International Murfreesboro, Tenn. – OGA, a national full-service real estate services and development company based in Nashville, has broken ground on a new outpatient medical in Rutherford County. […]
News Release: PMB announces major milestones for upcoming new St. Mary’s Medical Pavilion in Tucson, Ariz.
FOR IMMEDIATE RELEASE Officials at the San Diego-based healthcare real estate firm say they are now demolishing the adjacent plaza to make way for parking, and that the $19 million pavilion is 74 percent leased Top: The shell has been completed for the $19 million, 55,000-square-foot St. Mary’s Medical Pavilion on Carondelet St. Mary’s Hospital […]
