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Marcus & Millichap announced the sale of the Baltimore VA Annex. (Photo courtesy of Marcus & Millichap)

News Release: $12.25M Veteran’s Affairs Medical Office Property Sold

$12.25 Million Veteran’s Affairs Medical Office Property Sold by Marcus & Millichap BALTIMORE, Dec. 29, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Baltimore VA Annex, a 74,000-square-foot medical office fully leased to the Department […]

Don’t Miss Out! Orders are Now Being Accepted for Advertising and Listings in the 2017 HREI Resource Guide

Don’t Miss Out! Orders are Now Being Accepted for Advertising and Listings in the 2017 HREI Resource Guide

Reach 5,000+ Hospital and Health System Real Estate Decision Makers with the 2017 HREI Resource Guide™ Since 2008, hospital and healthcare executives have turned to the HREI Resource Guide™ when they have needed healthcare real estate services. Don’t miss this once-a-year opportunity to keep your firm top of mind with these qualified prospects    both in […]

December 2016

December 2016

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December 2016 PDF

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Community Health Systems (CHS) Inc. announced Dec. 22 that it sold 10 medical office buildings to HCP Inc. for $163 million. That transaction was part of an ongoing effort by CHS to reduce debt and divest itself of smaller, rural hospitals, such as Merit Health Gilmore Memorial (above) in Amory, Miss., one of four hospitals it said in September 2016 that it had agreed to sell. (Photo courtesy of Merit Health)

Transactions: HCP Inc. acquires 10 MOBs from CHS

REIT pays $163 million in sale-leaseback deal as provider seeks to reduce debt By Murray W. Wolf On Dec. 22, 2016, just as this edition of Healthcare Real Estate Insights™ was going to press, Community Health Systems Inc. (NYSE: CYH) announced one of the year’s largest medical office building (MOBs) monetizations. The Franklin, Tenn.-based, for-profit […]

2016 HREI Insights Awards: Join us in congratulating the finalists!

The HREI Insights Awards™ have honored the best of the best in healthcare real estate since 2013.

2016 HREI Insights Awards Finalists: Best New MOB (50,000-99,999 S.F.)

2016 HREI Insights Awards Finalists: Best New MOB (50,000-99,999 S.F.)

Baylor McKinney II MOB, McKinney, Texas Developer: Duke Realty Baylor Scott & White needed more space for newly recruited physicians at its Baylor Medical Center at McKinney campus.

2016 HREI Insights Awards Finalists: Best Inpatient Facility

2016 HREI Insights Awards Finalists: Best Inpatient Facility

Advocate Christ Medical Ctr., East Patient Tower, Oak Lawn, Ill. Developer: Advocate Health Care Advocate Health Care’s (AHC) Advocate Christ Medical Center was reaching capacity in its ICU, surgical suites and ED.

2016 HREI Insights Awards: How are the winners selected?

In the next edition, we’ll showcase the winners. Here’s an explanation of the selection process. What does it take to be selected as a finalist or winner of an HREI Insights Awards™?

2016 HREI Insights Awards Finalists: HRE Executive of the Year

2016 HREI Insights Awards Finalists: HRE Executive of the Year

Courtney Hanfland System Director, Real Estate Transactions, Catholic Health Initiatives Since joining Catholic Health Initiatives (CHI) in 2013, Ms. Hanfland has become one of the best-known health system real estate executives in the country for a number of reasons.

2016 HREI Insights Awards Finalists: Best Renovated/Repurposed

2016 HREI Insights Awards Finalists: Best Renovated/Repurposed

380 W. MacArthur, Oakland, Calif. Developer: Meridian Kaiser has been fined for lack of behavioral health services for patients. In Oakland there were no buildings with available medical space and/or available parking.

2016 HREI Insights Awards Finalists: Best Post-Acute/Senior Living

2016 HREI Insights Awards Finalists: Best Post-Acute/Senior Living

Beach House Assisted Living and Memory Care, Naples, Fla. Developer: Prevarian Companies LP It has taken more than a decade for the site at 1000 Airport Pulling Road S. in Naples to finally be developed after years of delays caused by a long entitlement process and the recession. Making the project a reality was Prevarian, […]

2016 HREI Insights Awards Finalists: Best New MOB (25,000-49,999 S.F.)

2016 HREI Insights Awards Finalists: Best New MOB (25,000-49,999 S.F.)

Barnabas Health ACC Annex, Livingston, N.J. Developer: Rendina Healthcare Real Estate Opening in March 2016, the 41,000 square foot Barnabas Health Ambulatory Care Center (ACC) was the first project Rendina completed for West Orange, N.J.-based RWJBarnabas Health.

2016 HREI Insights Awards Finalists: Best New MOB (Less Than 25,000 S.F.)

2016 HREI Insights Awards Finalists: Best New MOB (Less Than 25,000 S.F.)

Janis Medical Office Building, Bend, Ore. Developer: Getz Properties LLC Bend Ophthalmology needed a larger, more modern facility closer to the St. Charles North hospital campus in Bend. Meanwhile, Getz Properties was nearing completion of an office park adjacent to the hospital.

Publicly traded HCP recently acquired the Kingwood Medical Arts building outside of Houston from Origin Investments, which had purchased the building out of bankruptcy in 2012. (Photo courtesy of Transwestern)

Transactions: Value-add MOB nets a nice profit

Transwestern handles sale to HCP as Origin Investments reaps a healthy return By John B. Mugford In what can be considered a classic value-add success story in the healthcare real estate (HRE) acquisitions market, Chicago-based Origin Investments recently sold a medical office building (MOB) in Kingwood, in the northern suburbs of Houston, for a solid […]