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Industry Pulse: Neuro Group finds use for historic Mob

Industry Pulse: Neuro Group finds use for historic Mob

Fully renovated “Streamline Moderne” MOB back in use With the many changes taking place in the healthcare industry, one of the most common topics of conversation at healthcare real estate (HRE) conferences is what will be done with antiquated medical office buildings (MOBs).

Industry Pulse: On the Record

Industry Pulse: On the Record

Are ROFOs and ROFRs more of a consideration now than in years past? “Yes… (In the past) when we received a letter saying someone was considering buying the building, we didn’t have the important discussions we needed to have.

Transactions: Q1 MOB sales were $2.2 billion

Transactions: Q1 MOB sales were $2.2 billion

And more large portfolio offerings hit the market shortly after end of the quarter By John B. Mugford Medical office building (MOB) sales in the first quarter (Q1) of 2018 were solid, if not spectacular, especially when compared to the record-setting year of 2017.

Industry Pulse: Mobs: Stable Demand, Strong Fundamentals

HRE investors have allocated $11.2 billion, CBRE says The 109 firms responding to the 2018 Healthcare Real Estate Investor & Developer Survey conducted by CBRE Group Inc. (NYSE: CBG) have allocated about $11.2 billion to acquire and develop healthcare facilities in 2018, representing a 25 percent drop from 2017.

May 2018

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Transactions: Montecito Medical acquires pair of adjacent, ortho-anchored MOBs in Covington, Ga

Transactions: Montecito Medical acquires pair of adjacent, ortho-anchored MOBs in Covington, Ga

In more news from Montecito Medical Real Estate, the company recently closed on the acquisition of adjoining medical facilities in Covington, about 30 miles east of Atlanta. With a total of 32,785

Industry Pulse: On the Record

Industry Pulse: On the Record

Have providers’ views changed on whether to own vs. lease real estate? There is a general belief that, depending on the credit specifics, hospitals or health systems can borrow direct on a tax exempt basis at a lower cost than if they were leasing. There are exceptions to that, but as it’s evolved to physicians […]

Transactions: Condo deals could signify a trend

Transactions: Condo deals could signify a trend

Hammes partners acquires condos in California; similar sale takes place in Illinois By John B. Mugford In certain parts of the country – Florida, Southern California, parts of Texas – quite a large number of physicians and small group practices own their own medical office condominiums. When the product type really took off in the […]

Outpatient Projects: Boldt Co. develops 2,500 square foot MOB for Centura Health affiliate in Colorado

Outpatient Projects: Boldt Co. develops 2,500 square foot MOB for Centura Health affiliate in Colorado

St. Thomas More Hospital in Canon City, about 115 miles south of Denver, recently opened first floor clinical space in a new two-story, 32,500 square foot MOB. The hospital, an affiliate of Centennial,

Inpatient Projects: Fargo, N.D., hospital spurs growth

Inpatient Projects: Fargo, N.D., hospital spurs growth

As Sanford Health’s new medical center exceeds projections, it plans to add more beds By John B. Mugford Even though most healthcare professionals foresee a future with fewer inpatient hospital beds, at least one new hospital is experiencing volumes well above projections. That hospital is the 244-bed Sanford Medical Center Fargo, which opened in North […]

Industry Pulse: JP Morgan Boss tells of new Healthcare Venture

Industry Pulse: JP Morgan Boss tells of new Healthcare Venture

Jamie Dimon explains why JPMorgan, Amazon and Berkshire Hathaway are tackling healthcare In January 2018, when Amazon, JPMorgan Chase and Berkshire Hathaway made a rather vague announcement that they were collaborating on a healthcare venture, it raised more questions than answers. Now, in his newly released letter to shareholders, published as part of the New […]

Transactions: Global Medical REIT buys MOB portfolio in Orlando, Fla., area for $16.2 million

Transactions: Global Medical REIT buys MOB portfolio in Orlando, Fla., area for $16.2 million

Bethesda, Md.-based Global Medical REIT Inc. (NYSE: GMRE) recently paid $16.2 million for a portfolio of five MOBs in Greater Orlando. The buildings have a total of 59,644 square feet and are

Transactions: The Sanders Trust lands cancer center building in Fort Wayne, Ind., for $15 million

Transactions: The Sanders Trust lands cancer center building in Fort Wayne, Ind., for $15 million

According to a local report, Birmingham, Ala.-based The Sanders Trust (TST) recently acquired the 47,000 square foot Lutheran Hospital Cancer Center in Fort Wayne, paying $15 million. The

Hot Property: An offering for the times

Hot Property: An offering for the times

The MMRE Portfolio should whet the appetites of today’s hungriest, largest investors Name: MMRE Portfolio Number of buildings: 17 Square feet: 813,467 Location: 9 states Seller: Montecito Medical Real Estate Occupancy: 96.9% Investment grade: 40% Lease structures: triple net Brokerage: CBRE Brokers: Christopher R. Bodnar, Lee Asher, Sabrina Solomiany, Ryan Lindsle Coming off what could […]

Inpatient Projects: Work continues on $545 million project at hospital in Poughkeepsie, N.Y.

Inpatient Projects: Work continues on $545 million project at hospital in Poughkeepsie, N.Y.

Work has surpassed the halfway mark on a $545 million expansion project at Vassar Brothers Medical Center in Poughkeepsie, 80 miles up the Hudson River from New York City. The main part of