Transactions

A two-story medical office building located at 3111 New Hyde Park Road in North Hills, New York, has sold in an all-cash transaction valued at $14,650,000. (photo courtesy of Cushman & Wakefield)

News Release: Cushman & Wakefield Sells Long Island Medical Office Building

Fully-Leased Medical Office On 1.75 Acres New York, March 28, 2017 – A two-story medical office building located at 3111 New Hyde Park Road in North Hills, New York, has sold in an all-cash transaction valued at $14,650,000. Cushman & Wakefield’s Ben Efraimov, Jonathan Hageman and Patrick Yannotta exclusively handled this transaction. “3111 New Hyde […]

News Release: Raymond James serves as placement agent for Greater Baltimore Medical Center financing

News Release: Raymond James serves as placement agent for Greater Baltimore Medical Center financing

Raymond James serves as Placement Agent for Greater Baltimore Medical Center’s $73.720M Tax-Exempt Revenue Bond and $25.725M Taxable Note Raymond James Healthcare Finance has been a long-time strategic advisor and underwriter to Greater Baltimore Medical Center, working on various capital raising and strategic engagements. For additional information please click here to view the case study. About Raymond James […]

Penn Medicine Chery Hill serves as a primary care center and clinical offices for numerous medical practices, including cardiology and radiology. (Photo courtesy of Penn Medicine)

News Release: CBRE Capital Markets Debt & Structured Finance Team Secures $41 Million Loan For MOB In Cherry Hill, NJ

CBRE’s Capital Markets Debt & Structured Finance team announced today that it has arranged a $41 million life company loan for a 155,000 square-foot office building located at 1865 Marlton Pike East in Cherry Hill, New Jersey. The property, which is leased on a long-term basis to University of Pennsylvania Health System, is a state-of-the-art multi-disciplinary […]

News Release: Hammond Hanlon Camp LLC Advises Health Systems on over $2 Billion of Financing Transactions in 2016

News Release: Hammond Hanlon Camp LLC Advises Health Systems on over $2 Billion of Financing Transactions in 2016

CHICAGO — March 23, 2017 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive financial advisor on $2.2 billion of financing transactions in 2016 for a distinguished group of clients, the second consecutive year in which the firm has advised on debt issues with an aggregate par value […]

News release: Capital One Closes $30.5 Million Loan for Acquisition of Michigan Medical Office Building

Bethesda, Md. (March 22, 2017) – Capital One announced today that it served as the administrative agent for a $30.5 million loan for the acquisition of a 107,000-square-foot, medical office building in Grand Rapids, Mich. The principal is Carter Validus Mission Critical REIT II, which was formed in 2013 to invest in high-quality data centers and […]

The VA - Loma Linda is 100% leased to the U.S. Government through May 2036 for a total initial, non-cancelable lease term of 20 years (Photo: Business Wire)

News Release: Easterly Government Properties Announces Agreement to Acquire the Nation’s Second Largest Department of Veterans Affairs Outpatient Clinic Located in Loma Linda, California

~ Largest Easterly Acquisition to Date ~ ~ Completed in 2016 and 100% Leased to the VA through May 2036 ~ March 21, 2017 04:01 PM Eastern Daylight Time WASHINGTON–(BUSINESS WIRE)–Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial […]

Artist rendering (Photo: Business Wire)

News Release: Easterly Government Properties Announces Agreement to Acquire and Complete the Development of the 86,363 SF Department of Veterans Affairs Outpatient Clinic in South Bend, Indiana

March 21, 2017 04:01 PM Eastern Daylight Time WASHINGTON–(BUSINESS WIRE)–Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has agreed to acquire and complete the development of the Department […]

News Release: Griffin-American Healthcare REIT IV Acquires Class A Medical Office Building in Reno, Nevada

NEWS PROVIDED BY American Healthcare Investors, LLC Mar 17, 2017, 15:00 ET RENO, Nev., March 17, 2017 /PRNewswire/ — American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired Reno Medical Office Building (commonly known as Saint Mary’s Center for Health), an […]

Thought Leaders: HH2C Q4 MOB Report: Large Portfolio Activity Drives 2016 Transaction Volume

Hammond Hanlon Camp LLC Fourth Quarter Medical Office Building Report:  Large Portfolio Activity Drives 2016 Transaction Volume posted on March 14, 2017 NEW YORK — Investor appetite remained strong for medical office buildings in 2016 with a total of $8.5 billion in reported transaction volume.  It was a year marked by large portfolio sales, fueled by institutional capital. […]

News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building in Battle Creek, MI

NEWS PROVIDED BY American Healthcare Investors, LLC Mar 13, 2017, 16:30 ET BATTLE CREEK, Mich., March 13, 2017 /PRNewswire/ — American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired Battle Creek Medical Office Building, an approximately 46,000-square-foot property located on 7.34 acres […]

Gresham Station Medical Plaza, Portland, Ore. (Photo courtesy of HFF)

News Release: HFF Sold: Gresham Station Medical Plaza In Portland, Oregon

Announcing the closing of Gresham Station Medical Plaza, Portland, Ore. Adventist Health-anchored value-add medical office building in the bustling Portland MSA Closed: February 2017 Sale Price: $23.5 million Size: 100,419 square feet Major Tenants: Adventist Health, Providence Health &Services, DaVita Broker: HFF Healthcare Capital Markets    

The 73,238 square foot Adena Health Pavilion at 4437 Highway 159 in Chillicothe, Ohio, was part of Starwood Property Trust’s acquisition of a 35-building portfolio from NorthStar Realty Finance for $796.6 million to close out Q4 2016, bolstering the quarter’s total MOB sales volume to $3.33 billion.
Photo courtesy of Cornerstone Cos. Inc.

Transactions: MOB sales strong in Q4 2016

Bolstered by a big portfolio sale, quarter’s MOB volume hit $3.33 billion By John B. Mugford Commercial real estate brokers are known to say that sales of medical office buildings (MOBs), as well as other types of commercial real estate, typically pick up in the final quarter of most years. That was certainly the case […]

680 N. Lake Shore Drive in Chicago includes 493,064 square feet of medical office, office and retail space, plus a 331-space parking garage. (Photo courtesy of TopMed Realty)

Transactions: Welcome back, TopMed team

Former ProMed Properties executives make first acquisition as new company By John B. Mugford For a time, between 2006 to 2012, New York-based ProMed Properties was a significant owner of medical office and healthcare properties up and down the East Coast. During that half dozen years or so, ProMed, a subsidiary of Tel Aviv, Israel-based […]

LaSalle Investment Management acquired a 150,000 square foot repurposed former retail store from Finmarc Management for $81.8 million. (Photo courtesy of Penn Medicine)

Transactions: LaSalle acquires 150,000 s.f. MOB

Price was $81.8 million for repurposed former retail store in Cherry Hill, N.J. By John B. Mugford When Bethesda, Md.-based Finmarc Management Inc. acquired a vacant Syms department store building on an 11-acre in a heavily trafficked area of Cherry Hill, N.J., for $4.75 million in 2013, it had a number of options for transforming […]

Hanley Investment Group recently arranged the sale of Arcadia Gateway Center, a 156,046-square-foot, mixed-use commercial center comprised of retail, medical and office buildings in Arcadia, Calif. (Photo courtesy of Hanley Investment Group )

News Release: Hanley Investment Group arranges sale of 156,000 sf mixed-use retail center for $62 million in Arcadia, Calif.

Posted on February 24, 2017 Retail, Office and Medical Complex Sells for Nearly 98% of Asking Price CORONA DEL MAR, CALIF. – Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in investment property sales, announced today that the firm arranged the sale of Arcadia Gateway Center, a 156,046-square-foot, […]