April 2015 PDF
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Archives: April 2015
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Transactions: G-A Healthcare REIT III caps $353.7 million Q1
Non-traded healthcare real estate trust says it has about $509 million more in the pipeline By Murray W. Wolf Griffin-American Healthcare REIT III Inc. acquired $353.7 million worth of healthcare real estate (HRE) during the first quarter (Q1) and has about $509 million of additional transactions in the pipeline. That’s according to American Healthcare Investors […]
Transactions: Harrison Street buys Oregon MOB
JLL represents seller in $61.4 million sale of 122,479 square foot med building By Murray W. Wolf An affiliate of Harrison Street Real Estate Capital has acquired the five-story, 122,479 square foot Northwest Specialty Clinics MOB in Springfield, Ore., for a reported $61.4 million, or slightly more than $500 per square foot (PSF).
Transactions: Colliers closes on two MOB transactions totaling more than $20 million
MT. JULIET and JOHNSON CITY, Tenn. – The Nashville office of the Healthcare Investment Services Group of Colliers International recently brokered the sales of two Tennessee MOBs.
Transactions: Foreclosed medical facility in El Paso, Texas, gets new owners
EL PASO, Texas. – A vacant El Paso medical/oncology facility that was foreclosed on in 2010 has been sold. CBRE Capital Markets announced March 16 that it has brokered the sale of the three-story, 42,750 square foot facility on about three acres at 4532 N. Mesa in the western part of the city. Scott Herbold […]
Transactions: More Transaction News
■ Jabbel Holdings LLC, which is affiliated with Lakeview Village Corp. of Garden Grove, Calif., has acquired the 46,286 square foot Harbor Shores Medical Center I at 3921 E. Baseline Road in Gilbert, Ariz., for $4.25 million. Eric Wichterman and Mike Coover of DTZ in Phoenix represented the seller. The buyer was self-represented. The property had been foreclosed on […]
Hot Property: Maryland MOBs have hospital ties
Portfolio is on ‘Doctor’s Row’ and growing military research base in Frederick, Md. Name: Frederick Memorial MOB Portfolio Number of buildings: 2 Addresses: 194 & 45 T. Johnson Drive City: Frederick, Md. Square footage: 82,261 Leased: 100% Avg. remaining lease: 5.7 years Years completed: 2006 and 2012 Major tenant: Frederick Memorial Hospital Secondary tenant: Johns […]
Outpatient Projects: Frauenshuh, HCN team on N.Y. MOB
Partners will develop, own $100M, 140,000 s.f. Maimonides Medical Arts Building By Connie M. McCaffrey A series of medical office buildings (MOBs) in Brooklyn, N.Y., that were once brownstone residences have been demolished to make way for a new, $100 million comprehensive outpatient center to be operated by the adjacent 711-bed Maimonides Medical Center. Partnering […]
Outpatient Projects: $185M outpatient campus underway
Lifestyle Healthcare Group’s 385,000 square foot project is outside of Philadelphia By Connie M. McCaffrey The name of the game in healthcare these days is integration, as in having a health system provide all of the services each patient needs through a network of collaborating and communicating physicians and care givers. If they are not […]
Outpatient Projects: Indiana system opens women’s center
95,000 s.f. facility was developed and is owned, managed by Duke Realty Corp. By Connie M. McCaffrey Healthcare providers in Hamilton County, Ind., north of Indianapolis, are feeling the effects of a growing population. In a move designed to provide more services to women and to consolidate those services into a new and more efficient […]
Outpatient Projects: Irgens, Cigna plan 60,000 s.f. MOB, urgent care and seniors facility in Peoria, Ariz.
PEORIA, Ariz. – Milwaukee-based Irgens, which has offices in Chicago and Phoenix, recently announced plans to develop a 60,000 square foot MOB on a 8.7-acre site at the corner of 91st Avenue and Thunderbird Road in Peoria, about 14 miles northwest of Phoenix.
Outpatient Projects: Sacramento suburb okays plan for new Dignity Health MOB on civic center site
CITRUS HEIGHTS, Calif. – The Citrus Heights City Council recently approved, on a unanimous vote, the relocation of the town’s Civic Center and City Hall in order to clear the way for San Francisco-based Dignity Health’s future three-story, 68,727 square foot, $53.2 million MOB on the site.
Outpatient Projects: Columbia Development proposes to 60,000 s.f. MOB in growing New York town
CLIFTON PARK, N.Y. – Albany, N.Y.-based Columbia Development Group is looking to capitalize on a growing need for medical services in a growing city about 17 miles north of its headquarters. The company recently presented a proposal to the Park Planning Board in the city of Clifton Park for a single-tenant, pre-leased $15 million, 60,000 […]
Inpatient Projects: Boston Med Center to break ground
Renovated campus, now estimated at $300 million, will include more upgrades By Connie M. McCaffrey Boston Medical Center will soon break ground on an extensive, $300 million redesign of its campus in the city’s historic South End. The new cost estimate is about $30 million more than originally projected, according to officials, who added that […]