News Release: McCarthy Building Companies, Inc. breaks ground on Children’s Hospital Outpatient Center

News Release: McCarthy Building Companies, Inc. breaks ground on Children’s Hospital Outpatient Center

$40 million project will provide outpatient services to over 100,000 children a year ATLANTA and CHATTANOOGA, Tenn. (June 7, 2017) – McCarthy Building Companies, Inc. broke ground yesterday on the new Children’s Hospital at Erlanger Outpatient Center. The $40 million outpatient facility is phase one of plans for a new Children’s Hospital, among the nation’s […]

News Release: Vibra Healthcare, Memorial Hermann & Medistar Announce Development of New Post-Acute Community: VibraLife of Katy

News Release: Vibra Healthcare, Memorial Hermann & Medistar Announce Development of New Post-Acute Community: VibraLife of Katy

MECHANICSBURG, Pa. and HOUSTON (June 7, 2017) – Vibra Healthcare, LLC (“Vibra”), Memorial Hermann Health System, and Medistar Corporation (“Medistar”) announced today their collaboration on the development of VibraLife of Katy, a new VibraLife post-acute and residential care community coming to the Houston area. The new state-of-the-art facility will be located in the Parkwest Business […]

News Release: Just Sold - 11832-11846 Rosecrans Avenue Norwalk, California

News Release: Just Sold – 11832-11846 Rosecrans Avenue Norwalk, California

Transaction Summary CBRE’s Investment Properties-So Cal team is pleased to announce the sale of 11832-11846 Rosecrans Avenue in Norwalk, CA at a price of $5,400,000 ($284 PSF). The 18,984 SF medical office building was 100% leased for 10 years to Avanti Hospitals, a Los Angeles-based hospital system and high-quality healthcare service provider. Gary Stache, Mark […]

News Release: Medistar Corporation and Post Acute Medical, LLC Announce New Inpatient Rehabilitation Hospital in Round Rock, TX

News Release: Medistar Corporation and Post Acute Medical, LLC Announce New Inpatient Rehabilitation Hospital in Round Rock, TX

ROUND ROCK, TX (June 2, 2017) – Medistar Corporation (“Medistar”) and Post Acute Medical are pleased to announce the development of PAM Rehabilitation Hospital of Round Rock. Operated by Post Acute Medical, LLC (“PAM”), this modern 48,000 square foot inpatient rehabilitation hospital will provide comprehensive inpatient and outpatient therapy services for families in Round Rock […]

News Release: Woodbury's CityPlace Signs Long-Term Lease with Minnesota Gastroenterology

News Release: Woodbury’s CityPlace Signs Long-Term Lease with Minnesota Gastroenterology

New Medical Office Building to Break Ground in August (JUNE 2, 2017 – WOODBURY, MINN.) – Elion Partners and Davis announced today that CityPlace’s planned 50,000+-square-foot medical office building signed a long-term lease with Minnesota Gastroenterology for 18,000 square feet of space. The new medical office building will be the second to be developed at […]

News Release: PMB and Jacobs Development Company Kick Off Construction on a Two-Story Medical Office Building in Riverside, Calif.

News Release: PMB and Jacobs Development Company Kick Off Construction on a Two-Story Medical Office Building in Riverside, Calif.

Riverside, Calif. (June 1, 2017) — Pacific Medical Buildings (PMB) and Jacobs Development Company have broken ground on a two-story, 27,000-square-foot medical office building in Riverside, Calif. Once completed at year-end, the building will be 100 percent occupied by RadNet, the leading national provider of freestanding, fixed-site diagnostic imaging services in the U.S. “RadNet is […]

News Release: Healthcare Trust of America Announces Pricing of $500 million of 3.750% Senior Unsecured 10-Year Notes and $400 million of 2.950% Senior Unsecured 5-Year Notes

News Release: Healthcare Trust of America Announces Pricing of $500 million of 3.750% Senior Unsecured 10-Year Notes and $400 million of 2.950% Senior Unsecured 5-Year Notes

SCOTTSDALE, Ariz., June 1, 2017 /PRNewswire/ — Healthcare Trust of America, Inc. (“HTA”) (NYSE: HTA) announced today that its operating partnership, Healthcare Trust of America Holdings, LP (“HTALP” and together with HTA, the “Company”), priced a $500 million offering of HTALP’s 3.750% senior unsecured notes due 2027 (the “2027 Notes”) and a $400 million offering […]

News Release: Montecito Medical Acquires NewSouth NeuroSpine Building in Mississippi

News Release: Montecito Medical Acquires NewSouth NeuroSpine Building in Mississippi

NASHVILLE, TENN., June 1st, 2017 — Montecito Medical Real Estate, one of the largest, privately held firms in the country devoted exclusively to medical real estate, has acquired the 56,665 square-foot NewSouth NeuroSpine Building in Flowood, Mississippi, an affluent suburb of Jackson, the state’s capital. Constructed in 2007, NewSouth NeuroSpine is a Class A medical […]

(PRNewsfoto/Welltower Inc.)

News Release: Welltower Names Mary Ellen Pisanelli Senior Vice President – Legal & Administration

TOLEDO, Ohio, May 31, 2017 /PRNewswire/ — Welltower Inc. (NYSE: HCN) today announced that Mary Ellen Pisanelli has joined Welltower as Senior Vice President – Legal & Administration. Ms. Pisanelli joins Welltower from Shumaker, Loop & Kendrick, LLP (“Shumaker”) where she served as Partner and was previously a Member of the Firm’s Management Committee. Ms. […]

News Release: Meridian Names Cypress West as Property Manager of 115,000 SF Newly-Renovated Cotton Medical Center in Pasadena, Calif.

News Release: Meridian Names Cypress West as Property Manager of 115,000 SF Newly-Renovated Cotton Medical Center in Pasadena, Calif.

SAN RAMON, CALIF. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has retained Cypress West Realty Management of Rancho Santa Margarita, Calif., to manage Meridian’s 115,000-square-foot medical office complex in Pasadena, California. CEO John Pollock, categorizes the new partnership as “a strategic move […]

News Release: Carlsbad Office/Medical Property Sells for $8.55 Million

News Release: Carlsbad Office/Medical Property Sells for $8.55 Million

Multi-Tenant Building Located in City’s Most Active Corridor Nearly 90% Leased SAN DIEGO, Calif. – May 31, 2017 – Cushman & Wakefield announced today the sale of 6120 Paseo Del Norte, a 30,318-square-foot (sf) multi-tenant office and medical building located in Carlsbad, Calif. Plaza Del Norte Inc. sold the property to Stephen Rogers for $8.55 […]

Looking to Buy: Family Office Seeks $100 Million in Real Estate

Immediate 1031 Purchase Requirement All Cash Buyer, with multiple exchanges totaling $30-$50 million in 2017. Existing rents at or below market. Property below replacement cost. Target transaction size $5-$30 million. Total acquisition target of $100 million total for 2017. Retail (single or multi-tenant), multi-family or single-tenant: industrial/medical/office. Primarily focused on long-term (10-20+ years) return. Quality real […]

For Sale: Offers Requested – Class A Medical Office Investment Opportunity with Investment Grade Health System Anchor in Metro Chicago

OFFERS REQUESTED BY THURSDAY, JUNE 15, 2017 – 5:00 PM CDT The Offering CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer Fox Valley Centre for Health (the “Property”) for purchase. Fox Valley Centre for Health is located in St. Charles, Illinois, a western suburb of Chicago, less than three miles from Northwestern Medicine […]

News Release: $68 Million Chappaqua Crossing: A Joint Venture of The Grossman Companies and Summit Development in New York’s Westchester County

News Release: $68 Million Chappaqua Crossing: A Joint Venture of The Grossman Companies and Summit Development in New York’s Westchester County

High-end, 19-Acre Retail Center Is Located on Former Readers Digest World HQ Quincy, MA / Southport, CT / Chappaqua, NY (Issued May, 2017) — In one of the largest ground-up development projects in its 40-year commercial real estate history, The Grossman Companies, Inc., based in Quincy, Mass., (www.grossmanco.com), has partnered with Summit Development of Southport, […]

News Release: Caddis completes four major medical office building closings in one day

News Release: Caddis completes four major medical office building closings in one day

‘Strong company growth’ includes two acquired MOBs in Texas, the sale-leaseback of six-building portfolio in Illinois, refinanced MOBs and more DALLAS, May 24, 2017 – In one fast-paced, remarkable day, Caddis completed four major medical office building (MOB) closings, including acquisitions, a refinancing, a sale-leaseback transaction and the formation of a new holding company that […]