Among the buildings that were part of two portfolio deals totaling about $70 million that were recently brokered by CBRE is the 50,486 square foot West Pavilion II on the campus of the 226-bed Multicare Yakima Memorial Hospital in Yakima, Wash.
Photo courtesy of CBRE

Transactions: As predicted, portfolio sales are picking up

IRA buys seven FEDs in Arizona; HR sells two MOBs in Wash.; CBRE brokers both deals, which total about $70 million By John B. Mugford As we noted last week, the volume of medical office building (MOB) portfolio deals seems to be picking up. After reporting on a $67 million, four-MOB transaction last week acquired […]

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Transactions: $67M deal kicks off ‘portfolio season’

Transactions: $67M deal kicks off ‘portfolio season’

Remedy-Kayne acquires assets from Everest; Newmark team brokers the sale By John B. Mugford It looks as if portfolio season is underway. On June 18, HREI™ reported that 10 or more sizable medical outpatient building (MOB) portfolios were in various stages of the sales process, from closing soon to just hitting the market. Several MOB […]

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The 80,000 square foot Bayhealth at Blue Hen outpatient facility in Dover, Del., is in a portion of a former mall that become a corporate center. Anchor Health Properties led the development process for locally based Bayhealth.
Photo courtesy of Anchor Health Properties

Project Case Study: A repurposing takes wing in Dover, Del.

Anchor transforms former mall space into Bayhealth at Blue Hen outpatient facility By John B. Mugford In recent years, Bayhealth – already the Dover area’s largest health system with two hospitals and numerous outpatient facilities – had been increasing its capacity to meet rising healthcare demand from a growing population. However, it faced some challenges […]

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Companies & People: They have the Bay Area covered

Bayside Realty Partners has grown by becoming a local market expert in HRE By John B. Mugford In the healthcare real estate (HRE) industry, there are certain firms throughout the country that are well-known for possessing a great deal of local market knowledge and expertise. They know virtually each and every HRE space in the […]

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Transactions: MOB portfolios are back in big way

Transactions: MOB portfolios are back in big way

After a two-year slump, at least 10 sizable portfolios are for sale, with more on the way By John B. Mugford As medical outpatient building (MOB) sales slowed in 2023, one big change in the types of deals taking place was abundantly clear: Portfolio transactions started a significant decline at that point. According to the […]

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The InterFace HRE Carolinas investment panel discussion included (from left to right): moderator Murray W. Wolf of HREI, Andrew Dhionis of Flagship Healthcare Properties, Matthew Tarpley of Fifth Third Securities, Matt Poulos of Capital One, Chris Lashmet of Berkadia and Zack Drozda of AW Property Co.
Photo courtesy of InterFace Conference Group

Feature Story: More development, higher yields

Developers discuss how to achieve those goals during InterFace HRE Carolinas conference By John B. Mugford As the business of developing healthcare real estate (HRE) facilities, including medical outpatient buildings (MOBs), has become more mainstream over the years, it has attracted more institutional capital to invest in such projects. Although this has indeed boosted the […]

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Feature Story: ‘Waiting game’ might be over for MOB sellers

Owners likely to put more assets up for sale, InterFace panelists say By John B. Mugford In what was undoubtedly a slow opening to 2025, the medical outpatient building (MOB) sales volume in the first quarter (Q1) dropped to – at least in preliminary data – a low point for the past decade. The primary […]

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Feature Story: Health systems want new ideas from HRE firms

Feature Story: Health systems want new ideas from HRE firms

The issues are familiar; what’s needed are fresh solutions, InterFace panel says By John B. Mugford During a wide-ranging, nearly hour-long discussion about how health systems are navigating the current business environment to grow and succeed, a question arose that is probably often on the minds of healthcare real estate (HRE) professionals. That question is, […]

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The BOMA "How to Run an Effective RFP" panel included James Bretting of Memorial Hermann, Nathan Golik of NexCore Group, Tom Hulme of Healthpeak, Dana Young of HCA Healthcare and moderator Matthew Tarpley of Fifth Third Securities.
HREI™ photo

Feature Story: Are providers becoming more open to third-party capital?

An uptick in RFPs suggests they are, some developers said during BOMA MRE Conference By John B. Mugford Although healthcare real estate (HRE) development has lagged during the past couple of years, a bit of an enigma has emerged. That curiosity is that RFPs, or requests for proposals from providers – typically health systems – […]

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Cover Story: Waiting for takeoff

Cover Story: Waiting for takeoff

HRE professionals remain on standby as stubborn development and sales slumps continue By John B. Mugford At one time or another, nearly every business traveler experiences uncontrollable flight delays and the frustrating uncertainty of not knowing when they’ll finally be able to resume their journey. That all-too-familiar scenario is much like what we’ve been experiencing […]

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Feature Story: MOB sales plunged 44% in Q1

Feature Story: MOB sales plunged 44% in Q1

But occupancy rose to an average of 92.8%, according to RevistaMed data By John B. Mugford Although some of the newest data concerning the medical outpatient building (MOB) sector reinforces the notion that the property type remains a solid investment, one statistic remains somewhat worrisome, at least for now: the national sales volume. Even though […]

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Development: MOB development fell again in 2024

Revista outpatient report also lists last year’s most active developers in 2024 By John B. Mugford The pace of medical outpatient building (MOB) development declined for the fourth straight year in 2024, reflecting persistent challenges in the sector. That’s according to the newly released Revista 2025 Outpatient Real Estate Development Report, which summarizes 2024 data. […]

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News Release: CPF Healthcare Real Estate Acquires 192,000 Square Foot, Class A Medical Outpatient Building Anchored by Luminis Health for $27.5 Million

News Release: CPF Healthcare Real Estate Acquires 192,000 Square Foot, Class A Medical Outpatient Building Anchored by Luminis Health for $27.5 Million

(Greenbelt, MD) Completing its eighth medical office building acquisition since raising a new real estate fund, Chicago Pacific Founders Healthcare Real Estate (CPF HCRE), a leading healthcare property investor, closed on a twelve-story, 192,000 square foot Class A medical outpatient building in the Washington, DC MSA. The asset was acquired for $27.5 million. Debt financing […]

News Release: Remedy Medical Properties and Bon Secours - Richmond Break Ground on New Midlothian Medical Center

News Release: Remedy Medical Properties and Bon Secours – Richmond Break Ground on New Midlothian Medical Center

The 87,790-square-foot medical office building and ambulatory surgery center will increase access to quality healthcare in Richmond’s fast-growing western suburbs MIDLOTHIAN, VA and CHICAGO, July 16, 2025 – A partnership of Remedy Medical Properties and Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, and Bon Secours broke ground on […]

News Release: CBRE Advises on Sale of Two Property, On-Campus Medical Portfolio

News Release: CBRE Advises on Sale of Two Property, On-Campus Medical Portfolio

Press Release FOR IMMEDIATE RELEASE Yakima, WA – July 17, 2025– CBRE advised on the sale of the Yakima Medical Portfolio, consisting of two medical outpatient buildings (MOBs) totaling 95,986-square-feet directly connected to MultiCare’s Yakima Memorial Hospital in central Washington’s Yakima Valley. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof and Jesse Greshin […]

News Release: CBRE Announces Strategic Leadership Appointments Across US & Canada Advisory Business

Press Release FOR IMMEDIATE RELEASE Dallas – July 15, 2025 – CBRE today announced several strategic leadership appointments within its U.S. & Canada Advisory business, including Chris Connelly, James Millon, Tommy Lee and Mike Casey, each of whom report to Vikram Kohli, Global CEO, Advisory Services. Connelly has been promoted to Executive Group President, U.S. […]

News Release: NAI Hiffman Brokers 87,461-Square-Foot Medical Office Lease Renewal on Silver Cross Hospital Campus in New Lenox, Ill.

News Release: NAI Hiffman Brokers 87,461-Square-Foot Medical Office Lease Renewal on Silver Cross Hospital Campus in New Lenox, Ill.

FOR IMMEDIATE RELEASE: Lease reduces hospital system’s net rate, includes generous tenant improvement allowance OAKBROOK TERRACE, Ill. (July 15, 2025) — NAI Hiffman, the Midwest’s leading independent commercial real estate firm, today announced it brokered an early, long-term lease renewal for Silver Cross Hospital at 1890 Silver Cross Blvd., a 174,855-square-foot, six-level medical office building […]

News Release: Flagship Healthcare Properties acquires multispecialty ambulatory surgery center in Columbia, South Carolina

News Release: Flagship Healthcare Properties acquires multispecialty ambulatory surgery center in Columbia, South Carolina

FOR IMMEDIATE RELEASE: JULY 14, 2025 Property is home to Palmetto Surgery Center COLUMBIA, S.C. — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, is pleased to announce the acquisition of a Class A, 100% leased multispecialty ambulatory surgery center (ASC) located at 109 Blarney Drive in Columbia, South Carolina. Built in 2000, […]

News Release: Woodside Health Expands Portfolio with Texas Acquisition

News Release: Woodside Health Expands Portfolio with Texas Acquisition

FOR IMMEDIATE RELEASE Cleveland, Ohio and Bryan, TX (July 11, 2025) – Woodside Health announces the addition of The Physicians Centre office building in Bryan, TX to its growing portfolio of medical office properties. This four-story, 126,059 square foot medical office building is directly attached to a private specialty hospital, reinforcing its role as a […]

News Release: MedProperties Realty Advisors Acquires Chicago Area Medical Office Building

News Release: MedProperties Realty Advisors Acquires Chicago Area Medical Office Building

FOR IMMEDIATE RELEASE Healthcare Real Estate Remains a Great Risk-Adjusted Real Estate Investment DALLAS, (July 11, 2025)—MedProperties Realty Advisors, a Dallas-based healthcare real estate investor, has acquired Millennium Medical Center, a 41,540-square-foot medical outpatient building at 10606 Southwest Highway in Chicago Ridge. Terms of the transaction were not disclosed. The two-story building, with an open, […]

News Release: MONTICELLOAM, LLC Provides Over $218M of Total Bridge, Mezzanine, and Working Capital Financing for Kentucky Skilled Nursing Portfolio

MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized multifamily and seniors housing bridge lending platform, announced the closing of $218,300,000 in combined bridge, mezzanine, and working capital financing for 18 skilled nursing facilities across Kentucky. The transaction includes a $179,300,000 senior bridge loan and a $29,000,000 mezzanine loan, which the Sponsor plans to use to restructure and upsize […]

News Release: Catamount Constructors Announces the Hiring of Jeffrey Pfeifer as National Director, Healthcare

News Release: Catamount Constructors Announces the Hiring of Jeffrey Pfeifer as National Director, Healthcare

FOR IMMEDIATE RELEASE DENVER, CO (July 10, 2025) – Catamount Constructors, Inc., a 100% employee-owned ENR Top 400 Contractor, is proud to announce the hiring of Jeffrey Pfeifer as National Director, Healthcare. Jeff is a returning employee-owner of Catamount with extensive expertise in healthcare construction. His national portfolio includes acute care facilities, ambulatory surgical centers, […]

News Release: Apex Selected as Home for New NC Children’s Health Campus

News Release: Apex Selected as Home for New NC Children’s Health Campus

The campus is expected to bring more than 8,000 jobs to southwestern Wake County Published July 10, 2025 | Updated July 10, 2025 APEX, N.C. – With the goal of creating a brighter future for our children, North Carolina Children’s Health (NC Children’s) has chosen a location in Apex for its campus, which will include […]

News Release: The Christ Hospital Health Network & Cincinnati Children’s partner with Merus on Development of Cold Spring (Ky.) Town Center in NKY

News Release: The Christ Hospital Health Network & Cincinnati Children’s partner with Merus on Development of Cold Spring (Ky.) Town Center in NKY

Project to be Anchored by Two Medical Office Buildings  7/10/2025 CINCINNATI (July 10, 2025) – Two of the region’s most highly regarded health systems – Cincinnati Children’s and The Christ Hospital Health Network – are partnering with real estate design-build developer Merus on a project anchored by two medical office buildings in the Campbell County […]

News Release: Beacon Capital Partners and TCC Deliver Hyde Park Labs and Student-Focused Southside STEM Station in Chicago

News Release: Beacon Capital Partners and TCC Deliver Hyde Park Labs and Student-Focused Southside STEM Station in Chicago

For immediate release Chicago, IL – July 10, 2025 – Beacon Capital Partners (Beacon), a top real estate developer, owner, and manager of office and life science properties, and Trammell Crow Company (TCC), a leading commercial real estate developer, have delivered Hyde Park Labs in Chicago, Illinois. The partnership is also celebrating the opening of […]

News Release: Simone Development Signs North Dermatology at 35-30 Francis Lewis Blvd. in Flushing, Queens

News Release: Simone Development Signs North Dermatology at 35-30 Francis Lewis Blvd. in Flushing, Queens

FLUSHING, NY (July 10, 2025) – Simone Development Companies has announced a new long-term lease with North Dermatology for 1,909 square feet of prime medical space at 35-30 Francis Lewis Blvd. in the Flushing section of Queens, NY. North Dermatology is located at 35-16 Francis Lewis Blvd. within the complex. Only one space remains available […]

News Release: Woodside Heath Acquires Two Medical Office Buildings in Florida

News Release: Woodside Heath Acquires Two Medical Office Buildings in Florida

Cleveland, Ohio and Orlando, FL (July 9, 2025) – Woodside Health is pleased to announce the acquisition of Town Loop Medical Center and Parkway Medical Office Plaza, two fully occupied healthcare properties located in the Orlando, Florida metropolitan area. Both assets total approximately 25,000 square feet each and are 100% leased to healthcare tenants. Strategically […]