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Development: MOB development remains on its steady course

Development: MOB development remains on its steady course

Despite some potential headwinds for MOB construction, all signs, including the opinions of HRE professionals and data from research firms such as Revista, indicate strong results now and in the future By John B. Mugford During the boom years for medical office building (MOB) development prior to the Great Recession, financing was easy to get […]

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Cover Story: What’s ahead for healthcare real estate?

Cover Story: What’s ahead for healthcare real estate?

A provider, developer, investor, broker and architect shared their views during the recent Urban Land Institute Spring Meeting in Nashville, Tenn. By Murray W. Wolf A healthcare real estate (HRE) panel discussion at a recent Urban Land Institute (ULI) meeting provided newcomers to the space with a blunt assessment of the risks and rewards associated […]

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Feature Story: Combatting the likes of CVS, Walmart

Feature Story: Combatting the likes of CVS, Walmart

At InterFace West, executives talk about adapting to a changing landscape  LOS ANGELES – Competition from the likes of Amazon, CVS and Walmart. The continued consolidation of health systems and physician practices. Increased competition from other, often growing, health systems invading new turf. The need to get out into the community to provide services in […]

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The "Trends and Market Forces" panel at InterFace Healthcare West included (from left to right): moderator Todd Varney of NexCore, Carl Nelson of Orcutt | Winslow, Neil Carolan of Rendina, Jake Dinnen of PMB, Nancy Moses of Trammell Crow and John Grossman of Millie and Severson. (HREI photo)

Feature Story: Development on the rise

Panelists at InterFace Healthcare West talk about the market, trends and the future By John B. Mugford In the years since the Great Recession, the amount of medical office building (MOB) development has remained relatively steady, according to at least a couple of sources. And yet, during a panel session last week concerning healthcare real […]

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Mary Beth Kuzmanovich of Colliers International, Tommy Tift of HealthAmerica Realty Group and Dan Kleith of Physicians Realty Trust

Cover Story: Great expectations

Healthcare real estate experts anticipate another good year in 2019, with caveats By John B. Mugford Continued political turmoil. More stock market volatility. A economic slowdown. All of these are possible for the year ahead. For most industries, including commercial real estate, such events could cause setbacks and difficult times for the people and companies […]

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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)   2018 Archives 2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this article is only available […]

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News Release: NexCore Breaks Ground for CHI Health Clinic Millard in the Southwest Omaha metro

News Release: NexCore Breaks Ground for CHI Health Clinic Millard in the Southwest Omaha metro

The 38,700  square foot facility will double the size of an existing clinic, providing a positive economic impact as well as convenient, high-quality, one-stop outpatient care Top: NexCore Group has begun development of the new 38,700 square foot CHI Health Clinic in Millard, Neb. Bottom: Ground was broken March 27 for the new clinic, which will […]

News release: HFF closes $14.75M sale of build-to-suit medical office property for Joe DiMaggio Children’s Hospital in South Florida

News release: HFF closes $14.75M sale of build-to-suit medical office property for Joe DiMaggio Children’s Hospital in South Florida

ORLANDO, FL – APRIL 24, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the $14.75 million sale of a build-to-suit medical office property in Wellington, FL, totaling 31,830 square feet and fully leased to Joe DiMaggio Children’s Hospital. The tenant’s parent health system, Memorial Healthcare System, exercised its right of first […]

News Release: Avison Young brokers sale of medical office building in Maryland for $20.6 million

News Release: Avison Young brokers sale of medical office building in Maryland for $20.6 million

For Immediate Release Monday, April 22, 2019 WASHINGTON – Avison Young announced today that it has negotiated the sale of a Class A medical office building in a growing suburb of Washington, DC. Foulger-Pratt, based in Potomac, Maryland, sold the building located at 7704 Matapeake Business Drive in Brandywine, Md. to Hammes Partners for $20.595 […]

News Release: Meridian Sells New 9,200 SF Dialysis Clinic in Downtown Long Beach for $8.4 Million

News Release: Meridian Sells New 9,200 SF Dialysis Clinic in Downtown Long Beach for $8.4 Million

FOR IMMEDIATE RELEASE:    NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its 9,200-square-foot dialysis clinic in Long Beach, Calif. The purchase price was $8,421,580, representing a cap rate of 5.0 percent. The […]

News Release: Echo Development Group, Inc. Acquires 5 Acre Land Parcel in Colorado Springs for MOB Development

News Release: Echo Development Group, Inc. Acquires 5 Acre Land Parcel in Colorado Springs for MOB Development

FOR IMMEDIATE RELEASE Chicago, IL (April 18, 2019) – Echo Development Group, Inc. announces it has acquired land in Colorado Springs, CO with plans to develop a class-A medical office building. The property is approximately 5 acres and is located at 2460 Research Parkway in the heart of the Briargate area of northeast Colorado Springs. […]

News Release: RD Management announces mixed-use development at Muskegon Shopping Center in Michigan

News Release: RD Management announces mixed-use development at Muskegon Shopping Center in Michigan

April 17, 2019 Residential buildings and a Mercy Health facility will be added upon removal of a vacant former Kmart RD Management LLC, one of the nation’s largest privately held real estate development and management organizations, announced today mixed-use development plans for its Muskegon Shopping Center located at 3530 Henry Street in Muskegon, Michigan. The new project […]

29 Acres will include 14 homes with multiple floor plans; an 8,000 square foot community center; and outdoor areas including a swimming pool, activity fields, gardens and walking paths. Caddis and the non-profit organization 29 Acres hope to replicate the community in other parts of the country.

News Release: Caddis donates money, expertise to build new community for adults with autism

Innovative prototype ‘29 Acres’ near Dallas is designed to meet local demand and offer housing and skills development to build self-esteem and independence CROSS ROADS and DALLAS, Texas, April 17, 2019 – In a continuation of its ongoing philanthropic initiatives, Caddis® announced that it is donating more than $400,000 and its real estate development expertise […]

News Release: Just Sold: Springs Professional Center

News Release: Just Sold: Springs Professional Center

Marcus & Millichap Springs Professional Center 679 Douglas Avenue, Altamonte Springs, FL 32714 22,363 SF | 2.30 Acres Just Sold in Altamonte Springs, FL: Krone Weidler, with LJ Tsunis, are pleased to announce the successful sale of Springs Professional Center in Altamonte Springs, Florida. Transaction Summary Price: $1,774,500 Price per SqFt: $79.34 Type: Professional Office […]

News Release: Atkins Companies Inks Six Lease Renewals at Atkins Medical Plaza in West Orange, N.J.

News Release: Atkins Companies Inks Six Lease Renewals at Atkins Medical Plaza in West Orange, N.J.

For Immediate Release Class A Medical Office Building Continues to See High Occupancy in One of New Jersey’s Most Competitive Markets West Orange, N.J. (April 15, 2019) – Atkins Companies, a leading multigenerational commercial real estate development, investment, and property management firm, has signed six lease renewals totaling approximately 13,000 square feet at Atkins Medical […]

News Release: Just closed: HSA PrimeCare Medical Office Portfolio

News Release: Just closed: HSA PrimeCare Medical Office Portfolio

JLL Healthcare Capital Markets The JLL Healthcare Capital Markets Group is pleased to announce the sale of the HSA PrimeCare Medical Office Portfolio.  The multi-state portfolio consists of four outpatient facilities totaling 143,228 square feet located across desirable and growing submarkets within the Chicago and Minneapolis metropolitan areas.  The institutional quality assets were 94% occupied at the time […]

Industry Pulse: Rents rising, occupancies to tighten in MOB space

Industry Pulse: Rents rising, occupancies to tighten in MOB space

Marcus & Millichap report cites a rise in med school students, drop in cap rates NATIONWIDE — The optimism concerning medical office buildings (MOBs) as a real estate product type continues to grow, with a certain number of reasons for such optimism being cited time and time again. Among them are the country’s aging demographics, […]

News Release: CBRE Completes Sale of $90 Million Medical Buildings Portfolio Across Four States

News Release: CBRE Completes Sale of $90 Million Medical Buildings Portfolio Across Four States

Atlanta – CBRE announced today the closing of 23 medical buildings through three separate transactions totaling approximately $90 million. The deals, sold to separate buyers over the last week, totaled over 300,000 square feet across four states. Properties include the Greenleaf Center Medical Portfolio in the Chicago Metropolitan Area, the Dermatology Solutions Group Portfolio in […]

News Release: CIT Arranges $14.8 Million Financing for Acquisition of Dallas Medical Office Building

News Release: CIT Arranges $14.8 Million Financing for Acquisition of Dallas Medical Office Building

  NEW YORK, April 12, 2019 /PRNewswire/ — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit arranged $14.8 million in financing for the acquisition of Greenville Medical Tower in Dallas, Texas. The financing was arranged on behalf of a joint venture managed by Catalyst Healthcare Real Estate and Bain Capital Real […]

News Release: Carter Validus Mission Critical REIT, Inc. to Merge with Carter Validus Mission Critical REIT II, Inc.

News Release: Carter Validus Mission Critical REIT, Inc. to Merge with Carter Validus Mission Critical REIT II, Inc.

TAMPA, FL – Carter Validus Mission Critical REIT, Inc. (“CVMC REIT I”) and Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”), both registered, non-traded real estate investment trusts focused on investing in income producing commercial real estate, announced today that the companies have entered into a definitive agreement to merge in a stock […]

News Release: Harrison Street and HealthAmerica Welcome Piedmont Internal Medicine to Newly-Renovated Northwest Medical Center in Atlanta

News Release: Harrison Street and HealthAmerica Welcome Piedmont Internal Medicine to Newly-Renovated Northwest Medical Center in Atlanta

Private internal medicine practice to occupy 16,000-square-foot, custom-built space in premier, multi-tenant medical office building ATLANTA – April 11, 2019 – Harrison Street, one of the largest real estate investment firms dedicated to the Education, Healthcare and Storage sectors, and HealthAmerica Realty Group (“HealthAmerica”), an Atlanta-based health care real estate firm with more than 25 years […]