August 2018
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News Release: La Porte (Ind.) Hospital Breaks Ground for New Hospital
La Porte, Ind. – La Porte Hospital and community officials turned over the first shovels of dirt where the new La Porte Hospital will be built over the next two years, during a community celebration with about 300 people in attendance. The momentous occasion marks the beginning of the first hospital to be built in […]
August 2018 PDF
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News Release: Doors Officially Open at Sutter Health’s CPMC Mission Bernal Campus
Teams will care for the community inside this hospital that features latest technologies, advanced seismic safety and world-class healthcare SAN FRANCISCO—The not-for-profit Sutter Health network will officially open the doors to its California Pacific Medical Center (CPMC) Mission Bernal campus hospital Saturday, Aug. 25. This neighborhood-based medical center for all San Franciscans is located at […]
Transactions: Harrison Street lands Chicago deal
On the heels of Colliers deal, private investor pays $240 million for eight MOBs By John B. Mugford It looks as if it’s business as usual for private equity investor Harrison Street Real Estate Capital – just as industry sources had predicted – in the aftermath of the Chicago-based firm’s sale of a 75 percent […]
Transactions: Griffin-American REIT IV acquires large, fully occupied MOB in growing Grand Junction, Colo.
GRAND JUNCTION, Colo. – In the fast-growing city of Grand Junction, Irvine, Calif.-based Griffin-American Healthcare REIT IV (G-A REIT IV), a non-traded real estate investment trust (REIT), recently acquired an 83,000 square foot MOB for $31.5 million, or $380 PSF.
Transactions: In acquiring an MOB in Oxford, Mich., Cornerstone Companies closes its second fund
OXFORD, Mich. – Indianapolis-based Cornerstone Companies Inc. recently added the final property to its Cornerstone MOB Fund II, acquiring the 19,123 square foot Crittenton Medical Plaza in Oxford, about 40 miles north of Detroit.
Transactions: Q2 MOB sales topped $3 billion
It was only one of six quarters to exceed that level since records have been kept By John B. Mugford Demand for medical office buildings (MOBs) is not showing any signs of slowing down, as professionals involved in the sector report that investors – especially private equity firms and funds – continue to raise capital […]
Transactions: Fully occupied Northside MOB II in Pell City, Ala., trades hands for $15.8 million
PELL CITY, Ala. – A 50,469 square foot MOB in Pell City recently traded for $15.8 million, or $313 PSF, according to Denver-based Fairfield Advisors, which represented the seller.
Transactions: Carter Validus Mission Critical REIT II buys fully occupied MOB near Dallas for $8.5 million
CARROLLTON, Texas – Tampa, Fla.-based Carter Validus Mission Critical REIT II recently acquired an MOB in Carrollton, 15 miles outside of Dallas, for about $8.5 million.
Hot Property: MOB in a thriving, mixed-use area
Prairie Glen Medical Office Center in Glenview, Ill., is home to large tenants Name: Prairie Glen Medical Office Center Number of buildings: 2 Square feet: 44,200 Address: 2551 and 2591 Compass Road City: Glenview, Ill. Offered cap rate: 6.5 percent Avg. remaining lease: 8.9 years Brokerage: Bull Realty Broker: Paul Zeman The Village of Glenview, […]
Transactions: Flagship REIT pays $12.4 million for 75,000 square foot MOB in Blue Ridge, Ga.
BLUE RIDGE, Ga. – Charlotte, N.C.-based Flagship Healthcare Properties has added another MOB to its new healthcare-focused, non-traded real estate investment trust (REIT).
Transactions: Freestanding emergency department in Littleton, Colo., trades for $1,213 per square foot
LITTLETON, Colo. – A 7,430 square foot freestanding emergency department (FED) facility in Littleton, about 20 miles southwest of Denver, recently traded hands for a substantial price per square (PSF) of $1,213.
Transactions: Miami-based Flagler Investment Holdings acquires MOB near hospital in Delray Beach, Fla.
DELRAY BEACH, Fla. – Miami-based Flagler Investment Holdings recently acquired the 32,520 square foot Delray Medical Office at 4675 Linton Blvd. in Delray Beach, a city along the Atlantic Ocean.
