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News Release: Avison Young brokers sale of medical office building in Maryland for $20.6 million

News Release: Avison Young brokers sale of medical office building in Maryland for $20.6 million

For Immediate Release Monday, April 22, 2019 WASHINGTON – Avison Young announced today that it has negotiated the sale of a Class A medical office building in a growing suburb of Washington, DC. Foulger-Pratt, based in Potomac, Maryland, sold the building located at 7704 Matapeake Business Drive in Brandywine, Md. to Hammes Partners for $20.595 […]

News Release: Meridian Sells New 9,200 SF Dialysis Clinic in Downtown Long Beach for $8.4 Million

News Release: Meridian Sells New 9,200 SF Dialysis Clinic in Downtown Long Beach for $8.4 Million

FOR IMMEDIATE RELEASE:    NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its 9,200-square-foot dialysis clinic in Long Beach, Calif. The purchase price was $8,421,580, representing a cap rate of 5.0 percent. The […]

News Release: RD Management announces mixed-use development at Muskegon Shopping Center in Michigan

News Release: RD Management announces mixed-use development at Muskegon Shopping Center in Michigan

April 17, 2019 Residential buildings and a Mercy Health facility will be added upon removal of a vacant former Kmart RD Management LLC, one of the nation’s largest privately held real estate development and management organizations, announced today mixed-use development plans for its Muskegon Shopping Center located at 3530 Henry Street in Muskegon, Michigan. The new project […]

29 Acres will include 14 homes with multiple floor plans; an 8,000 square foot community center; and outdoor areas including a swimming pool, activity fields, gardens and walking paths. Caddis and the non-profit organization 29 Acres hope to replicate the community in other parts of the country.

News Release: Caddis donates money, expertise to build new community for adults with autism

Innovative prototype ‘29 Acres’ near Dallas is designed to meet local demand and offer housing and skills development to build self-esteem and independence CROSS ROADS and DALLAS, Texas, April 17, 2019 – In a continuation of its ongoing philanthropic initiatives, Caddis® announced that it is donating more than $400,000 and its real estate development expertise […]

News Release: Just Sold: Springs Professional Center

News Release: Just Sold: Springs Professional Center

Marcus & Millichap Springs Professional Center 679 Douglas Avenue, Altamonte Springs, FL 32714 22,363 SF | 2.30 Acres Just Sold in Altamonte Springs, FL: Krone Weidler, with LJ Tsunis, are pleased to announce the successful sale of Springs Professional Center in Altamonte Springs, Florida. Transaction Summary Price: $1,774,500 Price per SqFt: $79.34 Type: Professional Office […]

News Release: Atkins Companies Inks Six Lease Renewals at Atkins Medical Plaza in West Orange, N.J.

News Release: Atkins Companies Inks Six Lease Renewals at Atkins Medical Plaza in West Orange, N.J.

For Immediate Release Class A Medical Office Building Continues to See High Occupancy in One of New Jersey’s Most Competitive Markets West Orange, N.J. (April 15, 2019) – Atkins Companies, a leading multigenerational commercial real estate development, investment, and property management firm, has signed six lease renewals totaling approximately 13,000 square feet at Atkins Medical […]

News Release: Just closed: HSA PrimeCare Medical Office Portfolio

News Release: Just closed: HSA PrimeCare Medical Office Portfolio

JLL Healthcare Capital Markets The JLL Healthcare Capital Markets Group is pleased to announce the sale of the HSA PrimeCare Medical Office Portfolio.  The multi-state portfolio consists of four outpatient facilities totaling 143,228 square feet located across desirable and growing submarkets within the Chicago and Minneapolis metropolitan areas.  The institutional quality assets were 94% occupied at the time […]

Industry Pulse: Rents rising, occupancies to tighten in MOB space

Industry Pulse: Rents rising, occupancies to tighten in MOB space

Marcus & Millichap report cites a rise in med school students, drop in cap rates NATIONWIDE — The optimism concerning medical office buildings (MOBs) as a real estate product type continues to grow, with a certain number of reasons for such optimism being cited time and time again. Among them are the country’s aging demographics, […]

News Release: CBRE Completes Sale of $90 Million Medical Buildings Portfolio Across Four States

News Release: CBRE Completes Sale of $90 Million Medical Buildings Portfolio Across Four States

Atlanta – CBRE announced today the closing of 23 medical buildings through three separate transactions totaling approximately $90 million. The deals, sold to separate buyers over the last week, totaled over 300,000 square feet across four states. Properties include the Greenleaf Center Medical Portfolio in the Chicago Metropolitan Area, the Dermatology Solutions Group Portfolio in […]

News Release: CIT Arranges $14.8 Million Financing for Acquisition of Dallas Medical Office Building

News Release: CIT Arranges $14.8 Million Financing for Acquisition of Dallas Medical Office Building

  NEW YORK, April 12, 2019 /PRNewswire/ — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit arranged $14.8 million in financing for the acquisition of Greenville Medical Tower in Dallas, Texas. The financing was arranged on behalf of a joint venture managed by Catalyst Healthcare Real Estate and Bain Capital Real […]

News Release: Carter Validus Mission Critical REIT, Inc. to Merge with Carter Validus Mission Critical REIT II, Inc.

News Release: Carter Validus Mission Critical REIT, Inc. to Merge with Carter Validus Mission Critical REIT II, Inc.

TAMPA, FL – Carter Validus Mission Critical REIT, Inc. (“CVMC REIT I”) and Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”), both registered, non-traded real estate investment trusts focused on investing in income producing commercial real estate, announced today that the companies have entered into a definitive agreement to merge in a stock […]

News Release: Harrison Street and HealthAmerica Welcome Piedmont Internal Medicine to Newly-Renovated Northwest Medical Center in Atlanta

News Release: Harrison Street and HealthAmerica Welcome Piedmont Internal Medicine to Newly-Renovated Northwest Medical Center in Atlanta

Private internal medicine practice to occupy 16,000-square-foot, custom-built space in premier, multi-tenant medical office building ATLANTA – April 11, 2019 – Harrison Street, one of the largest real estate investment firms dedicated to the Education, Healthcare and Storage sectors, and HealthAmerica Realty Group (“HealthAmerica”), an Atlanta-based health care real estate firm with more than 25 years […]

News Release: Meridian Repositions and Recapitalizes Historic Medical Office Building in Phoenix

News Release: Meridian Repositions and Recapitalizes Historic Medical Office Building in Phoenix

PHOENIX – Meridian, a full-service commercial real estate developer and owner of medical real estate, is pleased to announce that it has completed the renovation and repositioning of Grunow Memorial Medical Center, a landmark 53,000-square-foot, two-story, medical office building located at 926 East McDowell Road in Phoenix, Arizona. Once the repositioning was completed, Meridian formed […]

News Release: Anchor Health Properties Appoints Vice President, Asset Management to Lead Nationwide Investment Operations

News Release: Anchor Health Properties Appoints Vice President, Asset Management to Lead Nationwide Investment Operations

(Charlottesville, VA) Anchor Health Properties (Anchor), a national, full-service healthcare real estate development, management and investment company focused solely on medical facilities, is pleased to announce that healthcare and commercial real estate veteran Jay Buckley has joined the firm as Vice President, Asset Management. Mr. Buckley will be based in the firm’s Nashville, Tennessee office. […]

News Release: IMC Construction’s Penn Medicine Radnor Tops Out

News Release: IMC Construction’s Penn Medicine Radnor Tops Out

Officials from Penn Medicine and IMC Construction topped out the new outpatient facility under construction in Radnor. Malvern, PA (April 2019) — IMC Construction, a nationally-recognized, full-service construction company, held topping out ceremonies on April 8th on a multispecialty outpatient facility for the University of Pennsylvania Health System. The event on the Radnor site was […]