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News Release: PMB announces major milestones for upcoming new St. Mary’s Medical Pavilion in Tucson, Ariz.

News Release: PMB announces major milestones for upcoming new St. Mary’s Medical Pavilion in Tucson, Ariz.

FOR IMMEDIATE RELEASE Officials at the San Diego-based healthcare real estate firm say they are now demolishing the adjacent plaza to make way for parking, and that the $19 million pavilion is 74 percent leased Top: The shell has been completed for the $19 million, 55,000-square-foot St. Mary’s Medical Pavilion on Carondelet St. Mary’s Hospital […]

News Release: Ray Oborn Joins American Healthcare Investors as Executive Vice President of Asset Management

News Release: Ray Oborn Joins American Healthcare Investors as Executive Vice President of Asset Management

Twenty-five-year senior housing veteran joins one of the nation’s largest managers of healthcare real estate to oversee international portfolio of senior housing, skilled nursing and hospital assets IRVINE, Calif. (Nov. 17, 2020) — American Healthcare Investors, a commercial real estate investment firm that specializes in the acquisition and management of healthcare-related real estate, announced today […]

News Release: 19500 Ventura Blvd. Building Begins $4.5 Million Ground-Up Renovation Project

News Release: 19500 Ventura Blvd. Building Begins $4.5 Million Ground-Up Renovation Project

FOR IMMEDIATE RELEASE 42,000 SF structure to be transformed into first class medical professional building Tarzana, CA – November 17, 2020 – A 42,000 SF, two-story structure located at 19500 Ventura Blvd. in Tarzana is undergoing a $4.5 million ground up renovation effort aimed at transforming the structure into a first-class medical professional building with […]

Transactions: MOB sales were $7.2B through Q3

Transactions: MOB sales were $7.2B through Q3

Five-year streak of at least $10 billion per year is in jeopardy after weak third quarter By John B. Mugford With medical office building (MOB) sales volume of about $7.2 billion through Sept. 30, it’s going to take a big fourth quarter (Q4) to top $10 billion for the sixth consecutive year. According to nationwide […]

Feature Story: Timeshare medical space might be here to stay 

Feature Story: Timeshare medical space might be here to stay 

Panelists discuss their use, and appeal to investors, during BOMA MOB conference  By John B. Mugford As health systems and other providers continue to explore ways to expand their reach into new communities or markets, they are undoubtedly looking for as many ways to do so as efficiently as possible. If their research indicates that […]

News Release: Just Sold - Linden Oaks Behavioral Health Outpatient Center

News Release: Just Sold – Linden Oaks Behavioral Health Outpatient Center

November 16, 2020 CBRE Healthcare & Life Sciences Capital Markets Just Sold Linden Oaks Behavioral Outpatient Center Naperville, Il Transaction Highlights Date Sold: 11/13/2020 Size: 43,340 Sf Occupancy: 100% Linden Oaks Behavioral Outpatient Center CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Linden Oaks Behavioral Health Outpatient Center […]

News Release: Healthcare Realty Trust Announces Formation of Joint Venture With TIAA

News Release: Healthcare Realty Trust Announces Formation of Joint Venture With TIAA

November 16, 2020 17:00 ET | Source: Healthcare Realty Trust Incorporated NASHVILLE, Tenn., Nov. 16, 2020 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) today announced that it has entered into a joint venture agreement with Teachers Insurance and Annuity Association (“TIAA”) to invest in a broad range of medical office buildings. The joint venture strengthens the Company’s […]

News Release: Marcus & Millichap Brokers Multi-Tenant Medical Office Building Sale in Amarillo Texas

News Release: Marcus & Millichap Brokers Multi-Tenant Medical Office Building Sale in Amarillo Texas

AMARILLO, Texas, Nov. 16, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 3501 MedCenter, a 145,096-square-foot multi-tenant medical office property in Amarillo, Texas. “We marketed this asset to a deep buyer pool and generated multiple […]

News Release: IRA Capital Acquires Illinois and North Carolina Medical Office Buildings

News Release: IRA Capital Acquires Illinois and North Carolina Medical Office Buildings

November 16th, 2020 – Southern California private equity firm IRA Capital “IRA” is pleased to announce the acquisition of two single-tenant medical office buildings in Oswego, Illinois and Raleigh, North Carolina. The Oswego property is 100% occupied by Edward-Elmhurst Healthcare, one of the larger integrated health systems in Illinois which was created by the merger […]

News Release: Just Sold - Mercy Healthcare Center

News Release: Just Sold – Mercy Healthcare Center

CBRE Healthcare & Life Sciences Capital Markets Just Sold Mercy Healthcare Center Coon Rapids, MN TRANSACTION HIGHLIGHTS DATE SOLD: 11/12/2020 SIZE: 91,767 SF OCCUPANCY: 70.4% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Mercy Healthcare Center (the “Property”). Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger, Sabrina Solomiany […]

News Release: Medical Office Building Sale in Inland Empire (Calif.) for $7.85 Million

News Release: Medical Office Building Sale in Inland Empire (Calif.) for $7.85 Million

Latham Medical Plaza 4361 Latham St., Riverside, CA Just Sold CBRE’s Investment Properties-SoCal/Phoenix/Vegas team is pleased to announce the sale of Latham Medical Plaza, at 4361 Latham Street in Riverside, California, for $7.85 million. The 31,201 square-foot, two-story building was originally built in 1991. DaVita Dialysis, who occupies nearly half of the rentable area and has […]

News Release: Avison Young negotiates 12K SF Lease with L.A. Care Health Plan in El Monte, CA

News Release: Avison Young negotiates 12K SF Lease with L.A. Care Health Plan in El Monte, CA

Avison Young negotiates 12,000-sf retail lease with L.A. Care Health Plan at Santa Fe Plaza in El Monte, CA Los Angeles, CA – Avison Young announced today it has negotiated a 12,000 square-foot retail lease at Santa Fe Plaza, a retail center located at 3570 Santa Anita Avenue in El Monte, CA. The 10-year lease […]

News Release: Lucky Number 13 Breaks Ground in North Port, FL

News Release: Lucky Number 13 Breaks Ground in North Port, FL

Optimal Outcomes recently celebrated the groundbreaking of the 13th facility to be designed, developed, and constructed for Florida Cancer Specialists & Research Institute (“FCS”). The 20,000+ SF cancer center will stand 1- story high with tall textured concrete panels to anchor the corners of the building, emanating a modern flare blended with Key West style […]

News Release: ESI Arranges Three Separate Transactions for 21 Midwest Skilled Nursing Communities

News Release: ESI Arranges Three Separate Transactions for 21 Midwest Skilled Nursing Communities

Chicago, IL – November 12, 2020 – Evans Senior Investments (ESI) successfully represented the exit from the long-term care industry for a Midwest regional owner/operator. The portfolio consisted of three separate transactions for each state (Indiana, Iowa, & Illinois). The combined purchase price for all three transactions was $86,000,000 or $54,0000 per functional bed/unit. The […]

News Release: Just Closed - PennMarc Centre (Memphis, TN)

News Release: Just Closed – PennMarc Centre (Memphis, TN)

JUST CLOSED PENNMARC CENTRE Memphis, TN Sale Date: 11/9/20 Building Size: 135,270 SF Occupancy: 81% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the PennMarc Centre (the “Property”), located in Memphis, Tennessee. Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Sabrina Solomiany and Zack Holderman partnered with Johnny […]