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News Release: NexCore Breaks Ground for CHI Health Clinic Millard in the Southwest Omaha metro

News Release: NexCore Breaks Ground for CHI Health Clinic Millard in the Southwest Omaha metro

The 38,700  square foot facility will double the size of an existing clinic, providing a positive economic impact as well as convenient, high-quality, one-stop outpatient care Top: NexCore Group has begun development of the new 38,700 square foot CHI Health Clinic in Millard, Neb. Bottom: Ground was broken March 27 for the new clinic, which will […]

News release: HFF closes $14.75M sale of build-to-suit medical office property for Joe DiMaggio Children’s Hospital in South Florida

News release: HFF closes $14.75M sale of build-to-suit medical office property for Joe DiMaggio Children’s Hospital in South Florida

ORLANDO, FL – APRIL 24, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the $14.75 million sale of a build-to-suit medical office property in Wellington, FL, totaling 31,830 square feet and fully leased to Joe DiMaggio Children’s Hospital. The tenant’s parent health system, Memorial Healthcare System, exercised its right of first […]

Development: MOB development remains on its steady course

Development: MOB development remains on its steady course

Despite some potential headwinds for MOB construction, all signs, including the opinions of HRE professionals and data from research firms such as Revista, indicate strong results now and in the future By John B. Mugford During the boom years for medical office building (MOB) development prior to the Great Recession, financing was easy to get […]

Cover Story: What’s ahead for healthcare real estate?

Cover Story: What’s ahead for healthcare real estate?

A provider, developer, investor, broker and architect shared their views during the recent Urban Land Institute Spring Meeting in Nashville, Tenn. By Murray W. Wolf A healthcare real estate (HRE) panel discussion at a recent Urban Land Institute (ULI) meeting provided newcomers to the space with a blunt assessment of the risks and rewards associated […]

News Release: JLL completes sale of Indianapolis-based Methodist Professional Center II to Healthcare Realty Trust

News Release: JLL completes sale of Indianapolis-based Methodist Professional Center II to Healthcare Realty Trust

JLL’s Healthcare Capital Markets experts have completed the sale of a 143,499-square-foot Class A outpatient facility on the academic medical campus of Indiana University Health’s Methodist Hospital in downtown Indianapolis. It is the largest hospital complex in the state of Indiana with 1,411 staffed beds. Methodist Professional Center II (MPC II) is fully occupied by […]

News Release: Recent Closing | Acquisition Loan

News Release: Recent Closing | Acquisition Loan

CLOSED: Cadence Capital Partners Healthcare Real Estate Group Secures $27,000,000 Acquisition Loan Cadence Capital Partners is pleased to announce the closing of a $27,000,000 non-recourse, bridge loan for the acquisition of a Class A, 125-bed, behavioral health facility in Texas. Cadence sourced the loan through a local Texas bank With deep market knowledge and shared […]

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: Echo Development Group, Inc. Acquires 5 Acre Land Parcel in Colorado Springs for MOB Development

News Release: Echo Development Group, Inc. Acquires 5 Acre Land Parcel in Colorado Springs for MOB Development

FOR IMMEDIATE RELEASE Chicago, IL (April 18, 2019) – Echo Development Group, Inc. announces it has acquired land in Colorado Springs, CO with plans to develop a class-A medical office building. The property is approximately 5 acres and is located at 2460 Research Parkway in the heart of the Briargate area of northeast Colorado Springs. […]

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, […]