For Sale: Price Reduced – 100% Leased Medical Office Building – Fairfield County, CT
CBRE, Inc. has been retained as exclusive advisor in the fee simple sale of 555 Bridgeport Avenue, a 100% leased, two-tenant medical office building located in Shelton, CT approximately 65 miles from midtown Manhattan. The property offers stable cash flow and ease of management with the potential for significant upside as the current in place […]
For Sale: Dignity Medical Office Portfolio; Premier Multi-State Medical Office Portfolio
The CBRE Healthcare Capital Markets Group is pleased to exclusively offer the Dignity Medical Office Portfolio (“The Portfolio”) for purchase. The 79% leased Portfolio consists of thirteen (13) medical office buildings totaling ±657,811 rentable square feet in California and Arizona. Approximately 33% of the portfolio is anchored by Dignity Health, the fifth largest hospital system […]
News Release: URS Awarded Design-Build Contract For Medical Facilities by U.S. Army
SAN FRANCISCO, CA – May 23, 2013 – URS Corporation has been awarded an indefinite delivery/indefinite quantity, multiple award contract from the U.S. Army Engineering and Support Center in Huntsville, Alabama, to provide design-build services for the Medical Repair and Renewal Program in the continental United States and at overseas locations. Under the terms of […]
News Release: Perkins+Will Defines Inclusive Design at New Spaulding Rehabilitation Hospital
Hospital of the Future Incorporates Community, Sustainability and Resiliency BOSTON – APRIL 24, 2013 – Global architectural and design firm Perkins+Will adds to the reputation of its award-winning healthcare design practice with the opening of the new 262,000-square-foot Spaulding Rehabilitation Hospital. The design process, led by Ralph Johnson and managed by Perkins+Will’s Boston office, resulted […]
For Sale: Former Pocatello Hospital Campus
Former Hospital, Medical Office Building and Parking Structure to be Sold to the Highest Bidder at or above $3,500,00 On Wednesday, June 26, 2013, CBRE Auction Services is pleased to present for online auction the Former Pocatello Hospital Campus (the “Property”). The Property consists of a six-story, ±182,882 square foot former hospital, a five-story, ±103,260 […]
News Release: Cambridge Arranges $3.7 Million HUD Lean Loan to Refinance Metropolis Nursing and Rehab Center in Metropolis, Illinois
Cambridge Realty Capital Companies reports closing a $3.7 million HUD Lean first mortgage loan for Metropolis Nursing and Rehabilitation Center, a 103-bed skilled-care nursing home in Metropolis, Ill. Cambridge Chairman Jeffrey A. Davis said the fully-amortized, 30-year term mortgage was arranged for the owner, a Missouri limited liability company, using the HUD Section 232 pursuant […]
News Release: $16 Million Acquisition Loan and Bridge Loan to FHA 232/223(f)
About the Transaction KeyBank Real Estate Capital® provided a $16.3 million term loan to refinance existing debt and to acquire an additional skilled nursing facility for RollinsNelson LTC Corp. The term loan will serve as a bridge to long term HUD financing. The KeyBank Real Estate Capital Relationship Key’s relationship with RollinsNelson supports the company’s […]
News Release: Industry leader Dan Carlo appointed Managing Director of Avison Young’s Miami office
Strategic hire will lead direction for Miami office and capital markets platform Toronto, ON – Mark E. Rose, Chair and CEO of Avison Young, Canada’s largest independently- owned commercial real estate services company, announced today the strategic hiring of Daniel Carlo as a Principal of Avison Young and Managing Director of the firm’s Miami office. […]
News Release: ERDMAN Welcomes Two New Directors of Business Development
Seasoned executives bring strategic healthcare sales experience to firm MADISON, Wis. (May 21, 2013) – ERDMAN, a Madison-based national leader in healthcare consulting, facility planning, development and design-build, welcomes two new Directors of Business Development to help grow the company in separate but dynamic markets. Jeffrey Willcox joins ERDMAN as Director of Business Development for […]
Industry Pulse: CHI slashes facility spending
If it seems like many hospitals and health systems are spending less on facilities, it’s because they are. In a new article in HealthLeaders magazine, Nick Barto, senior VP for capital finance for Catholic Health Initiatives (CHI), states that the budget for routine replacement and facility repositioning and expansion accounts for 39 percent of the […]
News Release: Stage Equity Partners Acquires 52,000 sf Medical Office Complex in Prime Chicago Suburb across from Alexian Brothers Hospital
CHICAGO (May 16, 2013) – Chicago-based healthcare real estate investment company Stage Equity Partners LLC (“Stage”) announced the recent acquisition of a 52,126 square foot medical office complex in Elk Grove Village, a northwest suburb of Chicago. According to Stage President and Founder Brian Howard, the complex of four single-story interconnected buildings called Woodland Square […]
News Release: J-REITS Best US REITS For 1-Year, 3-Year Total Returns
The SNL Japan REIT Equity index posted a total return of 70.1% for the one-year period ended May 8, beating the SNL US REIT Equity index by 46.8 percentage points. Excerpt: The SNL Japan REIT Equity index was composed of 33 SNL-covered J-REITs as of May 8, topped by Nippon Building Fund Inc., an office […]
News Release: MedProperties Holdings invests in rehab hospital
MedProperties Holdings invests in rehab hospital Dallas-based real estate private equity investment firm is joint venturing with Avail Healthcare Ventures and Trivant Healthcare to develop 40-bed hospital near Austin, Texas MedProperties Holdings is serving as the primary equity source for a new rehabilitation hospital in Kyle, Texas, which will be 100 percent leased by a […]
News Release: Just Closed – Aa3 Rated MOB
Recently closed transaction, Spectrum Health West Pavilion – Grand Rapids, MI (MSA) Michael Bennett of Newmark Grubb Knight Frank acted as exclusive advisor on the sale of the Spectrum Health West Pavilion, located ub the Grand Rapids, MI MSA. The Property was 100% occupied by Spectrum Healthcare, rated Aa3 by Moody’s. The 15 Year NNN […]
News Release: Equity REIT Term Loans Top $30B
Between April 2012 and May 2013, aggregate outstanding equity REIT term loans jumped from $18 billion to $30 billion. General Growth Properties took out the largest term loan in 2013, with its $1.5 billion loan originated April 26. Equity REIT term loan usage has increased steadily over the last 18 months. As of May 10, […]
