News Release: Changing Tides: More Markets and Investors in the Medical Office Portfolio Mix
Demand remains robust as private REITs and private equity join the hunt for portfolios BOSTON, April 28, 2014 – Healthcare in the United States is changing on many fronts – from the Affordable Care Act to a growing and increasingly aging population – and the shift isn’t isolated to care and coverage. The commercial healthcare […]
News Release: Medical Office Auction Opportunity-Mesa, AZ
Sandstone East 2626 East University Drive Mesa, Arizona 85213 The Offering Sandstone East is a ±11,308 square foot medical office building located just west of the intersection of Lindsay Road and University Drive in the densely populated city of Mesa, Arizona. The Property, formerly occupied by a physical therapy company and medical general practitioner, is conducive for […]
News Release: Lillibridge and Ventas playing major roles at 2014 BOMA MOB conference
In addition to serving as a Diamond Sponsor, the leading national healthcare real estate firms are sponsoring the popular Roundtable Discussions, and have three expert speakers and panelists on the agenda CHICAGO and NASHVILLE, Tenn., April 30, 2014 – Lillibridge Healthcare Services Inc., the largest owner and manager of medical office buildings (MOBs) in the […]
Outpatient Projects: Kelsey-Sebold Clinic starts work on new MOB in Houston suburb of Clear Lake, Texas
CLEAR LAKE, Texas – Kelsey-Seybold Clinic of Houston has begun construction on a new MOB in the suburb of Clear Lake to meet increasing demand and improve the patient experience. The new building will consolidate the well-known clinic’s physicians and services from two local buildings into one.
Industry Pulse: New entrants will disrupt healthcare
$2.8 trillion That’s the size of the U.S. healthcare system, and the potential of the “New Health Economy” will be even greater, says a new report from the consulting company PricewaterhouseCoopers LLP (pwc). That’s the good news. The not so good news – at least for some current hospitals and physicians – is
Archives: April 2014
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Cover Story: Forecasting the future
Industry experts discuss the outlook for the healthcare real estate sector By John Mugford To say that healthcare real estate has come a long way in recent years would be a bit of an understatement. All one has to do to illustrate such a point is to peruse the list of sector investor types – […]
Transactions: Another value-add MOB for N.Y. firm
Benedict Group plans to convert 47% occupied building to all medical space By John B. Mugford Fresh off successfully filling a large amount space in its first medical office acquisition, a Great Neck, N.Y.-based real estate firm is ready to take on another value-add project. The firm, Benedict Realty Group (BRG), recently acquired
Transactions: Meridian acquires value-add MOB
Sonoma County, Calif., building provides ‘rare” opportunity for medical tenants By John B. Mugford San Ramon, Calif.-based Meridian Property Co., a commercial real estate firm that focuses mostly on healthcare, recently closed escrow on the purchase of a value-add, 69,000 square foot MOB in Rohnert Park, Calif., about 50 miles north of San Francisco […]
Transactions: Griffin-American REIT II acquires MOB in Carson City, NV for $19.5M or $264 PSF
CARSON CITY, Nev. – With the largest hospital in the area as a major tenant, the off-campus, outpatient Eagle Medical Center in Carson City is a major medical destination on one of the city’s most-traveled thoroughfares. Newport Beach, Calif.-based Griffin-American Healthcare REIT II recently acquired the 73,975 square foot MOB at 2874 N. Carson St., […]
Hot Property: Portfolio hits the market in Indiana
Offering has six buildings, 170,000 square feet and a AA-rated system tenant Name: Northwest Indiana MOB Portfolio Cities: Munster, Schererville, Dyer and Hammond, Ind. Number of buildings: 6 Total square feet: 170,000 Occupancy: More than 90 percent Seller: Undisclosed Major tenant: Franciscan Alliance Lead brokers: Erik Foster, Mike Wilson Broker: Avison Young, Chicago office
Outpatient Projects: NexCore completes NorthBay MOB
Health plaza to be first of multiple outpatient facilities on Fairfield, Calif., campus By Murray W. Wolf NexCore Group LP recently completed the $20 million, two-story, 35,600 square foot Green Valley Health Plaza in Fairfield, Calif., for NorthBay Healthcare. The Denver-based healthcare real estate (HRE) developer says that the project at 4520 Business Center Drive […]
Outpatient Projects: More Outpatient Projects
HSA PrimeCare announced in March that it has completed the 15,200 square foot Hawthorn Surgery Center at 240 Center Drive in Vernon Hills, Ill., a northern Chicago suburb. The tenant, Hawthorn Surgery Center, selected HSA PrimeCare as its development partner in 2012. HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real […]
Outpatient Projects: MOB project underway at former aircraft manufacturing campus in Long Beach, Calif.
LONG BEACH, Calif. – Urbana Development LLC has started construction of the $30 million, two-building, 90,000 square foot Douglas Park Medical Office Park near Long Beach Airport. Urbana, which is affiliated with Long Beach-based JR van Dijs Inc., a local construction and real estate development firm, says 65,000 square feet of the total square footage […]
