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News Release: Cypress West Adds Bakersfield MOB to Healthcare Portfolio

Cypress West Partners Acquires Riverwalk Medical Plaza Rancho Santa Margarita, CA (May 31, 2017) – Cypress West Partners announced that it has acquired Riverwalk Medical Plaza, a 54,923-square-foot campus-adjacent medical office building located at 9450-9500 Stockdale Hwy. in Bakersfield.  The Southern California-based healthcare investment, leasing and property management firm acquired the property in a joint […]

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News Release: The Neenan Company, Gerding Builders break ground on Samaritan Pacific Communities

Community Approval of $57 Million Bond Supports Updated Critical Access Hospital   FORT COLLINS, Colo. — The Neenan Company, a fully integrated design-build firm based in Colorado, and Gerding Builders have broken ground on the redevelopment of a 126,000-square-foot critical access hospital for Samaritan Pacific Communities Hospital (SPCH) in Newport, Ore. The Neenan Company serves […]

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News Release: Spectrum Health Opens Newest Integrated Care Campus

SPECTRUM HEALTH MEDICAL GROUP GRAND RAPIDS, Mich., May 26, 2017 – Spectrum Health will celebrate the opening of its newest integrated care campus next week. The newly-renovated facility is located at 426 Michigan Street NE in Grand Rapids. A ribbon-cutting event will be held at 3:30 p.m. on Tuesday, May 30. Several Spectrum Health representatives […]

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News Release: U of L Tops Out New Pediatric Medical Office Building

Published on May 26, 2017 The first new health care delivery facility to be constructed in the Louisville Medical Center in nearly a decade reached its full height today. The University of Louisville celebrated the topping off the Pediatrics Medical Office Building with the ceremonial placement of the final, signed beam. The 171,000 sq. ft. […]

Current Edition: May 2017

Current Edition: May 2017

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May 2017 PDF

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Washington, D.C.-based Easterly Government Properties Inc., a publicly traded real estate investment trust (REIT), recently agreed to acquire its first two healthcare properties operated by the U.S. Dept. of Veterans Affairs (VA). The facility shown is one of them: the newly opened, 327,614 square foot VA ambulatory care center in Loma Linda, Calif.
Photo courtesy of Easterly Government Properties

Transactions: Government REIT enters VA arena

Easterly REIT to spend $260M on federal outpatient centers in California, Indiana By John B. Mugford With a long-term lease backed by a government agency, a built-in patient base of military veterans and brand new construction, the Dept. of Veterans Affairs (VA) ambulatory care center in Loma Linda, Calif., was sure to attract investors – […]

The largest medical office building (MOB) transaction of the first quarter (Q1) of 2017 was the $111 million acquisition by the University of Southern California (USC) of a 148,247 square foot MOB at 1450 San Pablo St. on the USC Health Science Campus in Los Angeles. The building is leased by USC’s Keck School of Medicine. The seller was the UCLA-affiliated Doheny Eye Institute, which was represented by Charles Dunn and Kennedy Wilson.
Photo courtesy of UCLA

Transactions: MOB sales drop a bit in Q1 2017

First quarter’s volume was $1.82 billion, according to Real Capital Analytics By John B. Mugford The incredible run that medical office building (MOB) sales have been on in recent years is due to come to an end, or at least come to a slowdown, at some point, according to conventional wisdom as well as a […]

Editor’s Letter: We’re all ears

We’d love to hear about your latest deals Dear Reader: I know I’ve said this many times before in the pages of Healthcare Real Estate Insights™, but I’ll day it again: send us your news.

Sears Holdings Corp. is the most vulnerable public retail company, according to a recent analysis by S&P Global Market Intelligence. (Photo by Andriy Blokhin, Shutterstock)

Industry Pulse: Opportunities are increasing for retail repurposing

Almost 3,600 retail stores are slated to close this year, including hundreds of big boxes and department stores In the aftermath of the Great Recession, it became a common strategy for healthcare providers and healthcare real estate (HRE) firms to repurpose the buildings of failed big box and department stores. The bankruptcies of Circuit City, […]

Industry Pulse: On the Record - Nancy Daniels

Industry Pulse: On the Record – Nancy Daniels

Are receivership real estate sales more complicated than other sales?

The Duke Realty healthcare portfolio includes such properties as the 459,717 square foot Baylor Sammons Cancer Center in Dallas. 
Photo courtesy of Duke Realty

Industry Pulse: HTA to Buy Duke Realty’s MOBs, Development Unit

Pending $2.75 billion purchase would propel HTA to the top of the MOB ownership list. Just as this edition of Healthcare Real Estate Insights™ was about to go to press, we learned that Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) had agreed to acquire the entire MOB portfolio of Indianapolis-based Duke Realty Corp […]

Industry Pulse: CBRE - Firms Plan to Invest $14.9B in HRE

Industry Pulse: CBRE – Firms Plan to Invest $14.9B in HRE

Allocations by HRE investors and developers are up 3%. Firms have earmarked a total of nearly $14.9 billion in equity for healthcare real estate (HRE) investment and development activity this year, according to the seventh annual HRE Investor & Developer Survey from CBRE’s U.S. Healthcare Capital Markets Group.

Industry Pulse: On the Record - Karen Torres

Industry Pulse: On the Record – Karen Torres

How does your system decide on the service mix for new MOBs?

Sears Holdings Corp. is the most vulnerable public retail company, according to a recent analysis by S&P Global Market Intelligence.
(Photo by Andriy Blokhin, Shutterstock)

Industry Pulse: U.S. retailers are going bankrupt at a record pace so far this year, creating vacancies

In the aftermath of the Great Recession, it became a common strategy for healthcare providers and healthcare real estate (HRE) firms to repurpose the buildings of failed big box and department stores. The bankruptcies of Circuit City, Linens & Things, Blockbuster, Borders and other retail chains dumped hundreds of large (50,000 to 200,000 square foot) […]