For Sale: New to Market – Medical Office Building for Sale – Los Angeles County
Investment Summary Offering Price $17,500,000 ($270 PSF) Property Size +/-64,780 SF Year 1 Cap Rate 6.20% Year 3 Cap Rate 7.03% Year 3 Cash on Cash 9.24% Investment Highlights Stable Cash Flow Medical Office Investment Adjacent To Hospital The overall medical office vacancy within a three mile radius of the property is 6.10% and average […]
News Release: Two Duke Realty healthcare projects named 2016 HREI Insights Awards™ Finalists
Healthcare Real Estate Insights™ magazine’s annual, national awards program honors medical facilities the firm developed in McKinney, Texas, and Cincinnati MCKINNEY, Texas, CINCINNATI and INDIANAPOLIS, Nov. 30, 2016 – Duke Realty-developed medical facilities have been honored as Finalists in two out of nine categories of Healthcare Real Estate Insights™ magazine’s annual, national awards program. The […]
News Release: McCarthy Building Companies Completes Surgical Center Expansion and New Patient Tower at Erlanger East Hospital in Chattanooga
$50 million expansion transforms hospital into lifestyle campus CHATTANOOGA, Tenn. ( November 30, 2016) – McCarthy Building Companies, one of the nation’s largest health care contractors, and HKS Architects, Inc., have completed the expansion of the surgical center and construction of the new patient tower at Erlanger East Hospital in Chattanooga, Tenn. Completed one month […]
News Release: R.J. Sommerdyke Joins Meridian Healthcare Acquisition Team
IRVINE, CALIF. – Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that R.J. Sommerdyke has joined the company’s acquisition team in Southern California. Sommerdyke will play a key role in expanding Meridian’s platform of acquiring value-add healthcare properties throughout Southern California.
For Sale: 53,394 Square Foot Long-Term Acute Care Hospital – Lubbock, Texas
The Opportunity ERE Healthcare Real Estate Advisors (ERE) has been retained by ownership to offer qualified investors the exceptional opportunity to acquire the Covenant Specialty Hospital (the “Property” or “Hospital”), a 53,394 square foot long-term acute care hospital (LTACH) with 56 patient beds. Located in Lubbock, TX, a medical and commercial hub between Dallas-Fort Worth, […]
News Release: JUST SOLD – Beaumont Medical Center – Rochester Hills, Michigan
Chicago, Illinois, November 28th, 2016 – Brown Gibbons Lang | Real Estate Partners (“BGLREP”), a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the sale of Beaumont Medical Center – Rochester Hills, located in Rochester Hills, Michigan. Christopher Stai and Clinton Parker, Managing Directors of BGLREP’s National Healthcare Real Estate Practice, […]
News Release: JUST SOLD – Two MOBs totaling 57,000 square feet, located in Pennsylvania
Chicago, Illinois, November 28th, 2016 – Brown Gibbons Lang | Real Estate Partners (“BGLREP”), a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the sale of two (2) medical office buildings, totaling 57,000 square feet, located in Wyomissing, Pennsylvania and Pottsville, Pennsylvania. Christopher Stai and Clinton Parker, Managing Directors of BGLREP’s […]
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November 2016
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Cover Story: Still bullish on MOBs
Capital markets experts see long-term success for sector By John B. Mugford By the end of a fast-paced, upbeat and information-laden panel discussion about the medical office building (MOB) sector, moderator Jeffrey S. Langbaum, a senior real estate investment trust (REIT) analyst with Bloomberg Intelligence, had to make sure things didn’t end on too positive […]
Feature Story: Consumers are in the driver’s seat
What are the implications for healthcare and the healthcare real estate sector? By Murray W. Wolf There has been a lot of talk in recent years about how patients and their families are becoming more sophisticated consumers of healthcare services, and how providers need to adapt a more “consumer-driven” approach to care. But what exactly […]
Transactions: MOB sales declined a bit during Q3
Quarter sees lowest sales volume in nine quarters, but market remains strong By John B. Mugford For the first time in nine quarters, medical office building (MOB) sales failed to top $2 billion, even though the third quarter (Q3) 2016 was still quite strong from a historical perspective. With sales for Q3 totaling $1.7 billion, […]
Transactions: MBRE makes big buy from Welltower
Firm acquired seven MOBs for $80.3 million in one of Q3’s largest transactions By Murray W. Wolf In a major Q3 deal that only recently came to light, Chicago-based MB Real Estate (MBRE) acquired a seven-building, 365,986 square foot medical office building (MOB) portfolio from Welltower Inc. (NYSE: HCN) for a total of $80.3 million. […]
Transactions: Starwood set to acquire record-setting MOB portfolio
Newcomer to MOB space to pay $837.9 million for 38 buildings from NorthStar By John B. Mugford The medical office building (MOB) sector is about as hot as it can get, as myriad investors of varying sizes and capital sources are clamoring to enter the space. One such investor that appears to have found an […]
Transactions: Hammes Partners lands MOB in Twin Cities suburb for $15.3 million, or $216 PSF
ROSEVILLE, Minn. – Milwaukee-based Hammes Partners, an investment affiliate of the Hammes Company, recently acquired the Twin Lakes Health building at 1835 County Road C W. in Roseville, a Twin Cities suburb, from Minneapolis-based Ryan Cos. Hammes, whose Hammes Partners II LP fund is closed to investors after raising $430 million of capital commitments, paid $15.3 […]