News Release: REED CONSTRUCTION COMPLETES RENOVATION FOR RUSH UNIVERSITY MEDICAL CENTER
CHICAGO – Reed Construction is pleased to announce that the firm has completed the construction of a new, cutting edge simulation lab for Rush University Medical Center at 1717 W. Congress Parkway in Chicago. Simulation labs are sophisticated learning environments designed to bridge theory and practice in a safe, interactive educational setting. The 8,200 square […]
News Release: Meridian Acquires 16,000 SF Medical Office Building in Berkeley, California
Second Acquisition within 30 Days Brings Meridian’s Development/Acquisition Total to Over 1.3 Million SF SAN RAMON, CALIF. – Meridian Property Company, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the purchase of a 15,915-square-foot medical office building located in Alameda County […]
For Sale: Seattle Area Medical Office Building
4301 HOYT AVENUE :: EVERETT, WA Offered At $1,530,000 CBRE Inc. is pleased to offer for sale the medical office building located at 4301 Hoyt, Everett, Washington. This single tenant leased property consists of 5,493 square feet;and is surrounded by other medical office properties. Investment Highlights •100% Leased – To a Single Medical Tenant •Cap […]
News Release: Stewart Title Commercial Services Names Robert Concepcion as Senior Business Development Officer
HOUSTON (Feb. 26, 2015) – Stewart Title Commercial Services appointed Robert (Rob) Concepcion as senior business development officer. Concepcion will be responsible for expanding Stewart’s national commercial business, with a strong focus on the renewable energy sector. Prior to joining Stewart Title, Concepcion was a real estate advisor with Sempra U.S. Gas & Power. He […]
News Release: CNL Healthcare Properties Acquires Two MOBs
CNL Healthcare Properties Acquires Michigan Medical Office Building — REIT invests $30.5 million in key property in Detroit suburb — (ORLANDO, Fla.) Feb. 26, 2015 — CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and healthcare facilities, has acquired Novi Orthopaedic Center, a Class A, multitenant medical office building in […]
News Release: HFF arranges $41.25 million construction/permanent loan for The Hoag Health Center – Irvine in Irvine, California
SAN DIEGO, CA – HFF announced that it has secured a $41.25 million construction-to-permanent loan for The Hoag Health Center – Irvine, a to-be-built 150,000-square-foot medical office development in Irvine, California. HFF worked exclusively on behalf of San Diego-based Pacific Medical Buildings (PMB) to secure the 12-year, fixed-rate loan through a correspondent life insurance company. […]
Archives: February 2015
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Cover Story: Record-setting medical office sales reflect soaring investor demand
Both Q4 and 2014 set new records for total transaction volume By John B. Mugford Seemingly insatiable investor demand for medical office buildings (MOBs) continued unabated during the fourth quarter (Q4) of last year as the total dollar volume of transactions for both the quarter and year established new records. Back in February 2013, we […]
Feature Story: Plenty more predictions for 2015
Another dose of observations and prognostications from the HREI™ editorial board By John B. Mugford The recently-published 2015 HREI™ Resource Guide™ included several articles on what might be ahead for the healthcare real estate (HRE) sector, including a story focusing on a discussion with the Healthcare Real Estate Insights™ Editorial Advisory Board last fall. That […]
Transactions: NGKF helps Accretive cash in
Broker has handled four dispositions for the real estate investment firm in the past year By John B. Mugford In about the span of a year, the Global Healthcare Services team at Newmark Grubb Knight Frank (NGKF) completed the dispositions of four healthcare real estate (HRE) facilities in Southern California for Irvine, Calif.-based Accretive Realty Investment […]
Transactions: Physicians Realty Trust lands MOB across the street from hospital in New Orleans
NEW ORLEANS — Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently paid $10.5 million for an eight-story MOB across the street from the 156-bed Oschner Baptist Medical Center in downtown New Orleans.
Transactions: Sanders Trust finds smaller, single assets to build its portfolio
BIRMINGHAM, Ala. – The Sanders Trust (TST), a well-known HRE investment firm that has done a number of large deals, recently demonstrated that it is also willing to make smaller acquisitions to build its portfolio of healthcare facilities. In recent weeks, TST spent a total of about $23.5 million in four transactions for five facilities. […]
Transactions: More HRE Transactions
■ A group of tenants in common (TIC) recently sold a two-story, 21,398 square foot MOB at 1800 116th Ave. in Bellevue, Wash., for
Hot Property: Stabilized, multi-tenant MOB offered
Fully leased Merrionette Park Medical Center is in the southwest Chicago suburbs Name: Merrionette Park Medical Center Number of buildings: 1 Floors: 1 Lot size: N/A Address: 11600 S. Kedzie Ave. City: Merrionette Park, Ill. Square footage: 57,305 Year built/renovated: 1995/2004 Leased: 100% Broker: John Smelter Brokerage: Marcus & Millichap Experts are calling this the […]
