For Sale: Value-Add Healthcare Facility Adjacent to USC Medical Center
CBRE’s U.S. Healthcare Capital Markets Group and Southern California Healthcare Leasing Team are pleased to exclusively offer 1640 Marengo Street for purchase. The 67,547 square foot seven-story facility was recently 93% leased, providing investors and users a rare opportunity to take advantage of a large block of to-be-vacated space in an extremely competitive leasing market. […]
News Release: $50 million mixed-use development totaling 125,000 SF awarded to Transwestern leasing teams
Project Includes 73,000 SF of Medical Office Space and 52,000 SF of Retail Space with Multiple Highway Pad Sites (MAY 30, 2013 – HOUSTON) – Transwestern’s Houston headquarters today announced it has been awarded the leasing assignment for a 125,000-square-foot mixed-use development. The project includes River Pointe Medical Plaza, a 73,000-square-foot, Class A medical office […]
News Release: Fred and Pamela Buffett Cancer Center Breaks Ground
In a ceremony that included dignitaries, donors, and guests, ground was broken May 21, 2013, on the new Fred and Pamela Buffett Cancer Center at the University of Nebraska Medical Center (UNMC). HDR was direct-selected to design the $323-million cancer research and treatment center following the success of the HDR-designed Durham Research Centers I & […]
Archives: May 2013
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For Sale: Keswick Senior Living at Lewis Square
On behalf of RedGo Development (“Owner” or “Sponsor”), CBRE, Inc., as exclusive marketing advisor, extends to qualified parties the rare and significant opportunity to acquire outright or enter into a joint venture partnership and develop Keswick Senior Living at Lewis Square, a 545,000 square foot, 332-unit market rate senior housing rental project with no entrance […]
News Release: American Healthcare Investors Expands Unsecured Credit Facility to $450 Million on Behalf of Griffin-American Healthcare REIT II
NEWPORT BEACH, Calif. (May 29, 2013) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the expansion of the REIT’s existing unsecured revolving line of credit from $200 million to $450 million. Existing lenders Bank of America, N.A., KeyBank National Association, RBS Citizens, N.A., and […]
News Release: Patient and Physician Experience Drive Leasing on New Silver Cross Hospital Campus
DENVER and NEW LENOX, Ill., May 29, 2013 – NexCore Group, a top-ranked healthcare real estate company, has finalized over 22,000 square feet of leases since the beginning of this year at its 182,000 gross square foot Pavilion A Medical Office Building on the new Silver Cross Hospital campus in New Lenox, a southwest suburb […]
Cover Story: Hit the road with HREI!
We unpack highlights from healthcare real estate conferences across the USA When we began publishing Healthcare Real Estate InsightsTM more than a decade ago, there was only one established medical office buildings (MOB) conference and that event was relatively small. The 2003 BOMA MOB Conference piggybacked on the national BOMA convention and attracted about 150 […]
Feature Story: HTA now getting plenty of attention
After a low-key NYSE listing, the healthcare REIT has taken steps to get noticed By John B. Mugford There are speculations as to why Healthcare Trust of America Inc. did not receive as much attention as anticipated from analysts after it went public on June 6, 2012. On that day, the company went from being […]
Transactions: MOB sales topped $1B again in Q1
That makes four straight quarters of $1 billion-plus, and 16.7% above Q1 2012 One of the top transactions of Q1 was ARC Healthcare Trust’s acquisition of the Northside East Cobb Medical Campus in Marietta, Ga., for $19.2 million. Photo courtesy of CBRE Group Inc. By John B. Mugford As 2012 […]
Transactions: Harrison Street completes $58M buy
Allina Health monetizes 200,000 square foot outpatient campus near Minneapolis Chicago-based Harrison Street has acquired the three building, 200,000 square foot WestHealth outpatient campus in suburban Minneapolis from Allina Health. HREI Photo by Andrew Wolf By John B. Mugford As one drives along busy U.S. Interstate 494 through Plymouth, […]
Transactions: ARC Healthcare moves quickly to acquire MOB in West Michigan
WYOMING, Mich. – In today’s MOB sales market, where demand far outpaces supply, quality facilities get snapped up rather quickly – at strong prices to boot. A good example can be found in Wyoming, just south of Grand Rapids. There, New York-based ARC Healthcare Trust Inc., an unlisted real estate investment trust (REIT), paid $16.4 […]
Transactions: Stage Equity Partners finds MOB in Illinois that fits its ‘sweet spot’
ELK GROVE VILLAGE, Ill. – Skokie, Ill.-based Stage Equity Partners LLC recently acquired an MOB in Elk Grove Village that is just a stone’s throw from the 387-bed Alexian Brothers Medical Center. The private real estate investment firm acquired the multi-tenant, 52,126 square foot Woodland Square MOB complex for $7.2 million, or $138 PSF. The […]
Hot Property: A big, rare MOB portfolio hits D.C.
Washington Real Estate Investment Trust’s portfolio has 17 assets, 1.3 million s.f. The Woodburn Medical Park II building in Annandale, Va., is one of 17 offered for sale by Washington Real Estate Investment Trust in the Washington, D.C., area. Photo courtesy of WRIT Name: WRIT Medical Office Portfolio Number […]