News Release: Inland Real Estate Acquisitions, LLC Closes the Purchase of A Medical Office Portfolio in Arizona
December 06, 2018 12:00 PM Eastern Standard Time OAK BROOK, Ill.–(BUSINESS WIRE)–Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of a portfolio of eight medical office buildings located in Mesa, Chandler, Gilbert, Glendale and Scottsdale, Arizona. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, LLC, completed the […]
News Release: Honor Health breaks ground on sixth hospital
New hospital to serve growing north Phoenix/Anthem communities Scottsdale, Ariz. (Dec. 5, 2018) — Honor Health broke ground on its sixth hospital today at Interstate 17 and Dove Valley Road in north Phoenix. The three-story, 210,000-square-foot HonorHealth Sonoran Medical Center will be built on the campus that currently houses the Sonoran Health and Emergency Center. The site will […]
News Release: HFF announces $29.95M sale of 2-building medical office campus in affluent Los Angeles submarket
San Diego, CA – DEC. 5, 2018 – HFF announces the $29.95 million sale of Westlake Village, two medical office buildings totaling approximately 50,000 square feet in the Los Angeles-area community of Westlake Village, California. The HFF team represented the seller, Nadler Cypress Holdings2, LLC and La Venta LLC. Welltower purchased the assets in an […]
News Release: Global Healthcare Services Recent Transaction
Newmark Knight Frank Global Healthcare Services RECENTLY SOLD: Heartland Women’s Healthcare Six (6) Building, Medical Office Portfolio Located throughout Southern Illinois Total SF: 64,966 SF Selling Price: $14,287,440, Sale Date: 11/30/2018 Todd Perman, CCIM Executive Managing Director Global Healthcare Services 404.806.2510 tperman@ngkf.com Dana Hamric Managing Director Global Healthcare Services 404.806.2513 dhamric@ngkf.com Bryan Walsh […]
News Release: Mark G. Dewane Elected Chairman of the Maricopa County Special Health Care District Board of Directors
Mark G. Dewane, a financial advisor with over 25 years of volunteer experience, has been elected chairman of the Maricopa County Special Health Care District Board of Directors, effective immediately. Director Mary A. Harden, RN, was additionally re-elected as Vice-Chair. At a meeting today, the Board unanimously elected Dewane to lead the five-member elected body that […]
News Release: Welltower Announces Strategic Investment by Qatar Investment Authority
NEWS PROVIDED BY Welltower Inc. 08:00 ET TOLEDO, Ohio, Dec. 4, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL), today announced that an affiliate of Qatar Investment Authority (“QIA”), Qatar’s sovereign wealth fund, has established an interest in the Company’s common stock through a $300 million investment and has an option to acquire an interest in a development pipeline of urban senior living communities, representing the initial investments in […]
News Releases: Welltower Announces $1 Billion in New Off-Market Investments
NEWS PROVIDED BY Welltower Inc. 08:00 ET TOLEDO, Ohio, Dec. 4, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL), today announced new off-market investment volume of $1.0 billion at a blended cap rate of 6.4% comprised of 11 separate Seniors Housing and Medical Office transactions. This investment activity is in addition to the previously announced $80 million Johns Hopkins transaction and $400 million 23 asset MOB portfolio acquisition, […]
News Release: Welltower Announces Addition of National Health Care Executives to Board
NEWS PROVIDED BY Welltower Inc. 08:00 ET TOLEDO, Ohio, Dec. 4, 2018 /PRNewswire/ — Welltower Inc (NYSE: WELL) announced today the appointments of Karen DeSalvo, MD and Johnese Spisso, MPA to its Board of Directors. “On behalf of the entire Board of Directors, I am delighted to welcome Karen and Johnese to the Welltower Board,” said Jeff Donahue, Board Chair. “These two […]
News Release: Bulfinch strengthens portfolio with the acquisition of 10 Brookline Place
BOSTON, MA – December 3, 2018 Bulfinch, a private real estate investment, development and management firm, today announced that an affiliate of the company has completed the acquisition of 10 Brookline Place in Brookline, MA. The property consists of six floors and totals approximately 173,000 sf of office space with 240+/- garage parking spaces located […]
News Release: CIT Completes Financing for Two Medical Office Buildings in Massachusetts
NEW YORK – Dec. 3, 2018 – CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business, part of CIT’s Commercial Finance division, provided $28.7 million in financing for the acquisition of medical office buildings in Brockton and Haverhill, Massachusetts. The Brockton building houses the Greene Cancer Center, which is affiliated with Signature […]
News Release: Flagship Healthcare Properties Appoints Vice President and Director of Investor Relations
Charlotte, NC – December 3, 2018 – Flagship Healthcare Properties, LLC (“Flagship”) is pleased to announce that Alexis Budge has joined the firm as Vice President and Director of Investor Relations. Alexis will work closely with the other members of Flagship’s Investor Relations team, Ryan Judson and Downie Saussy to expand the investor base of […]
News Release: Cushman & Wakefield Arranges Sale of Seventh Avenue Medical Center in Chardon
Gino Lollio, Scott Niedergang, Bryan Belville and Eric Schreibman Represented the Buyer and Seller in the Transaction Chicago, November 28, 2018 – Cushman & Wakefield has arranged the sale of Seventh Avenue Medical Center in Chardon, Ohio, a Cleveland suburb. Gino Lollio, Scott Niedergang and Bryan Belville of Chicago, brokers in the firm’s Healthcare Advisory […]
Industry Pulse: Healthcare REITs have been top performers in 2018
Amid a ‘volatile’ year for REITs, HFF says the healthcare sector delivered the best returns Although real estate investment trust (REIT) performance has been “volatile” in 2018, most REITs are on track to finish the year in positive territory, with healthcare REITs leading all sectors in total returns. That was according to the Quarterly Market Perspectives […]
News Release: Just Sold – Value-Add Medical Office Project Trades for $6.3 Million in Redlands, CA
Transaction Summary CBRE’s Investment Properties-So Cal team is pleased to announce the sale of Park Plaza, a three-building medical office project located at 1776, 1782 and 1790 West Park Avenue in Redlands, California, at a price of $6,300,000. The 52,407-square-foot project was 32% occupied at the time of sale. Gary Stache, Sammy Cemo, Doug […]
News Release: Guthrie Sees Growth, Plans Tompkins County Expansion
Guthrie has announced plans to move forward with construction of a medical office building as part of a mixed-use property planned for Ithaca’s City Harbor waterfront development. Guthrie will occupy a three-story, 60,000 square-foot medical office building at 101 Pier Road. The building will house a mix of clinical services designed to meet the identified […]