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For Sale ±5.14 Acre Potential Senior Housing Development Site, Reno, NV

For Sale ±5.14 Acre Potential Senior Housing Development Site, Reno, NV

Investment Summary: The Old Virginia Road subject property is situated in a prime South Reno location. The Mixed Use zoning allows for a wide variety of potential commercial uses, and would be ideal for such developments as a nursing home/assisted living facility, hospice/respite care facility, multi-family project, hotel, call center, church, or fitness center. (Recently, […]

For Sale: Grace Medical Plaza, Lubbock, Texas – NGKF Capital Markets

Grace Medical Plaza – $1,653,150 ($50/RSF) Higlights Premier Facility High identity multi-tenant medical office building situated on campus at Grace Hospital Medical Center. Strategic Location The property is located on the campus of the 123 bed Grace Hospital Medical Center, a Grace Health System hospital in an easily accessible high density area at the intersection […]

For Sale: Well-Established Medical Office Building in Seattle, Washington – CBRE Inc.

Stable, Long-Term Incoming Producing Asset 15.36% Cash on Cash Return Following Lease Up of 4,231 SF Located on one of the main north/south arterials in Seattle’s South-End, the Property was designed by physicians – for medical practitioners – and includes substantial electrical and plumbing infrastructure required to meet the needs of professional health-care providers.   […]

Investment Opportunity – Venture Court Professional Park – Class A Medical Office – CBRE Inc.

Venture Court Professional Plaza CBRE has been retained as the exclusive representative to offer qualified investors the opportunity to purchase 4 buildings within the Venture Court Professional Plaza, either as portfolio or on an individual building basis. Venture Court Professional Plaza is located in Anthem, Arizona, an attractive and growing suburb in North Phoenix. Currently, […]

For Sale: Columbia Medical Plaza – West Palm Beach, Florida – CBRE Inc.

The Offering CBRE, Inc., acting as exclusive agent, is pleased to offer for sale Columbia Medical Plaza, an 84.1% leased medical office building comprising 43,798 SF of rentable area directly across from the newly repositioned, 250-bed West Palm Hospital. The Property offers an above-market parking ratio and a convenient location, only 0.5-mile from I-95 and […]

News Release: Just Closed: Advocate Medical Office Portfolio – CBRE Inc.

The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Advocate Medical Office Portfolio in Chicago, Illinois. Sale Date: July 23, 2013 Portfolio Size: 408,734 SF Year Built: 1976-1996 Occupancy: 88% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Advocate Medical Office Portfolio […]

The newly opened Scott & White Rock Prairie Clinic in College Station, Texas is connected to a new 143-bed hospital, which is expected to open in mid-August.

News Release: Scott & White Rock Prairie Clinic Opens

  The Duke Realty-developed facility houses the health system’s employed physicians and offers a range of services, including surgery, obstetrics/gynecology and a sleep center  COLLEGE STATION, Texas, July 25, 2013 – Scott & White Healthcare recently held a grand opening celebration for the Rock Prairie Clinic in College Station, located 90 miles northwest of Houston. […]

News Release: Construction Reaches 70 Percent Completion on $284 Million

News Release: Construction Reaches 70 Percent Completion on $284 Million

Integrated Project Delivery methods allow building team to collaborate and meet benchmarks SANTA ROSA, Calif.  – July 25, 2013 – Construction on the state-of-the-art, $284 million Sutter Medical Center of Santa Rosa (SMCSR) replacement hospital recently reached 70 percent completion, indicating that it is on schedule to meet its targeted opening date of October 2014.  […]

Archives: July 2013

Archives: July 2013

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) Digital flipbook (COMING SOON!)   2013 Archives  

Lillibridge has acquired a major medical office portfolio in its own backyard: the seven-MOB Advocate Portfolio in the Chicago area.
Photo courtesy of CBRE

Industry Pulse: Lillibridge/Ventas nabs Advocate MOB Portfolio

Lillibridge didn’t need to travel far to find its newest medical office portfolio acquisition. Lillibridge, and its parent company, publicly traded Ventas (NYSE: VTR), are both based in Chicago, whose metropolitan area is home to the seven buildings offered in the in the Advocate Medical Office Portfolio. Lillibridge/Ventas closed on the 408,734 square foot portfolio […]

CNL Healthcare Properties has acquired or agreed to acquire more than $209 million worth of assets this summer, including the Tennova portfolio in Knoxville, Tenn.
Photo courtesy of Newmark Grubb Knight Frank

Transactions: CNL is on the move in the MOB space

Non-traded REIT acquires Knoxville portfolio for $57.3M; enters two other markets By John B. Mugford For much of the early 2000s, CNL Retirement Properties Inc. was one of the kings of the medical office building (MOB) sector, amassing a portfolio of more than 70 facilities nationwide.

MB Real Estate of Chicago recently acquired the eight-story, 264,000 square foot Piedmont West MOB in Atlanta for $84 million, or about $318 per square foot.
Photo courtesy of CBRE

Transactions: MB takes a prize-winner in Atlanta

Chicago-based firm acquires Piedmont West MOB and land for $84 million By John B. Mugford A year after winning BOMA International’s 2012 TOBY award as the medical office building (MOB) of the year, the Piedmont West building in Atlanta has landed a new owner.

The five-story, 98,534 square foot Marietta Medical Center in suburban Atlanta is part of three-building “value-add” portfolio now being marketed by Avison Young.
Photo courtesy of Avison Young

Hot Property: Atlanta-area MOBs hit the market

Three-building, 184,705 square foot portfolio is seen as a ‘value-add’ opportunity Name: Atlanta Medical Office Portfolio Number of MOBs: 3 Locations: Marietta and Stockbridge, Ga. Size: 184,705 square feet (total) Occupancy: 75% (average) Seller: Affiliates of Marcus Partners Major tenants: Great Expressions Dental Centers, Northside Hospital, Piedmont Medical Care, Emory Healthcare Brokerage firm: Avison Young

William Transou (left) and Benjamin Bivens recently started a new HRE investment firm, MedSouth Healthcare Properties.
Photo courtesy of MedSouth Healthcare Properties

Company Profile: New HRE investment firm starts up

  Former Flagship execs form joint venture called MedSouth Healthcare Properties By John B. Mugford Two real estate executives based in Charlotte, N.C., are teaming up to form what they hope to grow into the “premiere investment firm for healthcare real estate in the Southeast.” The executives, who previously worked together at Flagship Capital Partners […]

The 11-story, 620,000 square foot Brigham Building for the Future, underway next to Brigham and Women’s Hospital in Boston, will house labs plus outpatient clinical and imaging facilities space, as well as conference and educational spaces. 
Rendering courtesy of NBBJ

Outpatient Projects: $450M facility underway in Boston

Construction has started on Brigham and Women’s project in Longwood area By John B. Mugford The goal for a massive future research and outpatient facility under construction in Boston is quite ambitious, to say the least. According to officials with Brigham and Women’s Hospital (BHW), the work that will take place inside the 11-story, 620,000 […]