Transactions

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News Release: Davis enters Iowa healthcare real estate market with acquisition of Mercy Coral West

National firm known for its Minnesota projects recently closed on the 60,000 square foot, 100 percent occupied multi-specialty medical center in Coralville near Iowa City IOWA CITY, Iowa, and MINNEAPOLIS, Aug. 1, 2018 – Davis, a national healthcare real estate (HRE) development, property management, brokerage and investment firm, announced its first HRE transaction in Iowa with […]

News Release: H2C Advises Marin Healthcare District on $224 Million Series 2017A General Obligation Bond Financing

News Release: H2C Advises Marin Healthcare District on $224 Million Series 2017A General Obligation Bond Financing

New York — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused investment banking firm, through its wholly-owned subsidiary H2C Securities Inc. (“H2C”), served as the exclusive financial advisor to the Marin Healthcare District (“MHD”) in connection with the issuance of MHD’s $224 million General Obligation Election of 2013, Series 2017A Bonds. On Nov. 5, 2013, Marin County […]

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Transactions: Largest single-asset MOB sale ever? 

LaSalle acquires Memorial Hermann tower for an estimated $405 million By John B. Mugford The 28-story, glass-skinned Memorial Hermann Medical Plaza in Houston is certainly one of the country’s trophy medical office assets. After all, the 510,000 square foot medical office building (MOB) is situated at the gateway of perhaps the world’s best-known medical complex, […]

News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Seattle

News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Seattle

SEATTLE (July 31, 2018) – 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 an approximately 55,000-square-foot medical office building in the Seattle suburb of Edmonds, Washington for $23.5 million. Built in 1991, Edmonds Medical Office Building underwent an extensive renovation […]

News Release: Flagship Healthcare Properties Grows REIT Portfolio With Tennessee Acquisition

News Release: Flagship Healthcare Properties Grows REIT Portfolio With Tennessee Acquisition

  Knoxville, Tennessee – July 30, 2018 – Flagship Healthcare Properties is pleased to announce it has acquired for its private REIT portfolio, the Knoxville Dermatology Group medical office building in Knoxville, Tennessee. The two story, 28,000 square foot, state-of-the-art medical office building was developed in 2015 and is occupied by Knoxville Dermatology Group, one of […]

News Release: Avison Young brokers $2.8-million sale of 32nd Street SurgiCenter in Phoenix

News Release: Avison Young brokers $2.8-million sale of 32nd Street SurgiCenter in Phoenix

ST Real Estate, LLC sells fully occupied medical office building to private trust Phoenix, AZ – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has brokered the $2.8-million sale of 32nd Street SurgiCenter, a fully occupied, 10,488-square-foot (sf) medical office building in Phoenix. Avison Young Principals, Julie Johnson and […]

News Release: Montecito Medical Acquires Massachusetts Medical Office Building

News Release: Montecito Medical Acquires Massachusetts Medical Office Building

Montecito Medical Acquires Flagship Medical Office Building of Beth Israel Deaconess July 24, 2018 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired the Beth Israel Deaconess medical office building in Plymouth, Massachusetts. The 30,803 square-foot building is located adjacent to the 155-bed Beth Israel Deaconess Plymouth Hospital […]

News Release: HFF announces second Hartford Healthcare-anchored (Moody’s A2)  medical office building sale in central Connecticut

News Release: HFF announces second Hartford Healthcare-anchored (Moody’s A2) medical office building sale in central Connecticut

Holliday Fenoglio Fowler, L.P. (HFF) announces the $5.5 million sale of 440 New Britain Avenue, a 27,685-square-foot medical office building in the central Connecticut community of Plainville. The HFF team marketed the property on behalf of the seller, Tomasso Brothers, Inc. and procured the buyer, Atkins Companies.  The transaction follows Physician Realty Trust’s 2017 $30 […]

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News Release: Welltower Reports Second Quarter 2018 Results

Toledo, Ohio, July 27, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced results for the quarter ended June 30, 2018. For the quarter, we generated net income attributable to common stockholders of $0.41 per share, FFO attributable to common stockholders of $1.02 per share and normalized FFO attributable to common stockholders of $1.00 per share. Quarterly Highlights Closed the acquisition of QCP and […]

News Release: Cushman & Wakefield Negotiates $11.5M Sale of Hollywood Medical Office Building

News Release: Cushman & Wakefield Negotiates $11.5M Sale of Hollywood Medical Office Building

Hollywood, FL, July 27, 2018— Cushman & Wakefield has negotiated the sale of the Hollywood Medical Office Building, a ±57,815-square-foot facility on the campus of Memorial Regional Hospital South in Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Greg Miller, Dominic Montazemi, Miguel Alcivar and Jason Hochman along with office leasing expert Donna Korn negotiated the sale on behalf of Miami-based SF Partners. A private […]

News Release: Welltower And ProMedica Health System

News Release: Welltower And ProMedica Health System

Welltower And ProMedica Health System Complete Acquisition Of Quality Care Properties And HCR ManorCare For $4.4 Billion – First of its kind partnership between Welltower and a health system propels ProMedica into the top 15 largest U.S. nonprofit health systems and scales its presence across full spectrum of care, including wellness, skilled nursing, memory care, […]

News Release: LaSalle Acquires Memorial Hermann Medical Plaza in Houston

News Release: LaSalle Acquires Memorial Hermann Medical Plaza in Houston

Trophy Medical Office Tower Located in the World’s Largest Healthcare Complex Houston (July 24, 2018) – LaSalle Investment Management (“LaSalle”) announced today that it has acquired Memorial Hermann Medical Plaza (“MHMP” or “the property”), a trophy medical office tower in Houston, on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (“LPF”). […]

News Release: Bull Realty Brokers $10.4 Million Medical Office Building in TN

News Release: Bull Realty Brokers $10.4 Million Medical Office Building in TN

Atlanta (July 19, 2018) — The Healthcare Real Estate Services Group at Bull Realty brokered the sale of the Knoxville Dermatology Group building, a Medical Office Building located on 2.65 acres in Knoxville, TN. The sale closed on July 16, 2018 for $10,400,000. The property is 100% occupied by Knoxville Dermatology Group, who has been […]

News Release: HFF announces $30M sale of and $25M financing for Physicians Medical Center in the Bay Area

News Release: HFF announces $30M sale of and $25M financing for Physicians Medical Center in the Bay Area

HFF announces the $30 million sale of and the $25 million financing for Physicians Medical Center, a 70,705-square-foot, purpose-built medical office building immediately south of San Francisco in Daly City, California. The HFF team represented the seller, Swift Real Estate Partners, and procured the buyer, Pinnacle Capital Management Services (PCMS) and joint venture investment partners, […]

News Release: Marcus & Millichap arranges the sale of a 3,736-square-foot property type

News Release: Marcus & Millichap arranges the sale of a 3,736-square-foot property type

St Petersburg, Fla., July 18, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of BayCare Urgent Care, a 3,736-square-foot hospital in St. Petersburg, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office. The […]