February 2014 PDF
To prevent unauthorized use of our Federally copyrighted content, Healthcare Real Estate Insights™ now uses a three-step process to unlock access to the PDF versions of the Current Editions and Archives:
Archives: February 2014
Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) Digital flipbook (COMING SOON!) 2014 Archives 2013 Archives
Hot Property: Cancer Institute Hits the Market
Hospital campus facility is in California’s ‘wealthiest’ county, Marin Name: Marin Cancer Institute Address: 1350 South Eliseo Dr. City: Greenbrae, Calif. Number of buildings: 1 Square feet: 45,277 Occupancy: 100% Tenant: Marin General Hospital Lease expiration: 2028 Brokers: Lee Asher, Chris Bodnar, Seth A. McKinnon Brokerage firm: CBRE GRENBRAE, Calif. – In November, residents in […]
Cover Story: A look ahead
Some of the HRE sector’s leading professionals weigh in on the year to come By John B. Mugford The first part of 2014 brings with it myriad questions regarding the nation’s healthcare industry. Subsequently, that also means that questions abound concerning healthcare real estate (HRE), even though our unscientific poll finds that most professionals involved […]
Cover Story: Development: More activity, but who will own the MOBs?
By John B. Mugford The number of newly developed MOBs has held steady in recent years, with about 7 million to 8 million square feet completed in 2012 and 2103, according to a number of sources. But even though most HRE professionals do not believe that the enrollment of newly insured patients under the PPACA […]
Cover Story: MOB sales: What’s next after a record-setting 2013?
By John B. Mugford As most people involved in the sector know by now, 2013 was a record year for medical office building (MOB) sales. Data from Real Capital Analytics Inc., a real estate research firm, indicate that more than $6.5 million worth of MOBs traded hands in 2013, a total that includes only transaction […]
Transactions: A record-setting year for MOB sales
The MOB sales volume reached new heights last year, exceeding $6.5 billion By John B. Mugford Just when it seemed as if the sales volume of medical office buildings (MOBs) couldn’t go any higher in a single year, along came 2013. Just a year earlier, 2012 became the second-highest year for MOB sales of all […]
Transactions: CNL Healthcare pays $60 million for MOBs
Unlisted REIT acquires two medical office buildings in Florida and two in California By John B. Mugford CNL Healthcare Properties, an unlisted real estate investment trust (REIT) sponsored by Orlando, Fla.-based CNL Financial Group LLC, continues to make headway in the HRE sector. In recent weeks, the REIT closed on the acquisition of two medical […]
Transactions: Sabra REIT moves into acute-care space with Texas deals
DALLAS – For the most part, Irvine, Calif.-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) looks to grow its portfolio primarily through the acquisition of senior housing and memory care facilities, with a secondary focus on skilled nursing facilities (SNFs). However, it also continues to search for “opportunistic” acquisitions of other types of healthcare real […]
Transactions: Ill.-based MedProperties Group looks west, to Arizona, for latest MOB acquisition
GILBERT, Ariz. – Northbrook, Ill.-based MedProperties Group (not to be confused with the unaffiliated, Dallas-based MedProperties Holdings) has ventured west for its latest MOB acquisition, acquiring Mercy Medical Commons in Gilbert, part of what the company calls the “rapidly growing” East Valley region of Greater Phoenix. According to MedProperties Group’s website, the Gilbert building is […]
Transactions: MedSouth Healthcare Properties LLC acquires Myrtle Beach, S.C., MOB
MYRTLE BEACH, S.C. – MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square […]
Transactions: TDA Investment Group buys 51,441 s.f. on-campus MOB in San Diego for $11.4 million
SAN DIEGO – TDA Investment Group of San Mateo, Calif., in recent months acquired an MOB located within a complex of three medical buildings across the street from Alvarado Hospital Medical Center in San Diego. The firm closed on Alvarado Medical Plaza III, a three-story, 51,441 square foot MOB, for about $11.4 million, according to […]
Transactions: More HRE Transactions
MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach, S.C., in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square foot, two-story building […]
Outpatient Projects: Adult ED remodel project at New York Presbyterian gets a big donation and a name
NEW YORK – Without a $15 million gift from Morgan Stanley (NYSE: MS), a project to expand and upgrade the adult ED at New York Presbyterian/Columbia University Medical Center would not be taking place, according to health system officials. As a result of the donation, the newly rebuilt ED will be called Morgan Stanley Adult […]
Outpatient Projects: Rendina Cos. completes two MOBs
South Carolina and Virginia projects total $26 million and 92,500 square feet By Murray W. Wolf Jupiter, Fla.-based Rendina Cos. recently completed the development of new medical office buildings (MOBs) in South Carolina and Virginia – projects totaling $26 million and 92,500 square feet. A grand opening was held Jan. 14 for the Bluffton Medical […]
