For Sale: Trophy Medical Office Building Anchored by Denver’s Most Profitable Health System
The Offering CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer the Red Rocks Medical Center (the “Property”) for purchase. The Property is a three-story, state of the art, 117,649 square foot medical office building anchored by HCA-HealthONE’s Radiation Oncology Center and Red Rocks Surgery Center located in Golden, Colorado. The prominent, all-encompassing center […]
Outpatient Projects: Houston system kicks off $110 million outpatient plan at site of new campus
SPRINGSWOOD VILLAGE, Texas – As the population continues to grow in and around several master-planned communities north of Houston, the area’s hospitals and health systems are jockeying for land on which to develop new footholds.
Outpatient Projects: Rendina breaks ground for 26,000 s.f. breast center on future oncology campus
JUPITER, Fla. – Rendina Healthcare Real Estate of Jupiter recently broke ground as the project manager for a new building for Jupiter Medical Center’s future oncology campus.
Outpatient Projects: Despite legal battle, South Carolina system moves forward with MOB
SUMMERVILLE, S.C. – While Roper St. Francis Healthcare continues to be involved in a legal battle over whether it can proceed with building a new hospital in a growing area north of Charleston, S.C., it recently announced that it plans to move forward with a 60,000 square foot MOB on property it owns in the […]
News Release: RJM Construction welcomes Darcy Futrell to its business development group
MINNEAPOLIS (June 25, 2014) — Darcy Futrell, a real estate professional with more than 25 years of experience in construction management and development, joined RJM Construction as its director of business development. Futrell will join the business development group, forging client relationships in the commercial and tenant interiors markets and leading projects into the pre-construction […]
Archives: June 2014
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Cover Story: Hungry for growth: Healthcare REITs are gobbling up their competitors
Public REITs are gobbling up healthcare real estate – and each other – as they angle to grow their portfolios. Ventas is poised to shore up its position as the biggest fish in the HRE pond, but other REITs are also casting about for ways to move up the food chain. By John B. Mugford […]
Transactions: ARC Healthcare Trust II lands two Florida MOBs for a total of $22.6 million
CLEARWATER, VENICE, Fla. – ARC Healthcare Trust II, a 1-year-old unlisted REIT, continued to build its portfolio in May with the acquisition of four Gulf Coast-area MOBs from a well-known Florida real estate firm.
Transactions: Firm focused on corporate real estate purchases three Chicago-area MOBs
BERWYN, Ill. – As the country’s health systems face daunting expenses and myriad new challenges in the era of healthcare reform, they are being encouraged by many HRE professionals to adopt a more corporate mentality when it comes to occupying real estate.
Transactions: HTA grabs MOBs along East Coast
By John B. Mugford Portfolios are the rare gems in today’s healthcare real estate (HRE) investment arena, where available, attractive medical office buildings (MOBs) remain in short supply compared to the amount of capital that would-be buyers desperately want to place.
Transactions: Flagship-Drake joint venture acquires FED and MOB in Virginia for $19.55 million
FREDERICKSBURG, Va. – A joint venture composed of an investment fund operated by Charlotte, N.C.-based Brackett Flagship Properties and New York-based Drake Real Estate Partners recently acquired a health system’s key off-campus property in Fredericksburg, about 45 miles south of Washington, D.C.
Transactions: More HRE Transactions
Crossroads Development Partners LLC of Schaumburg, Ill., recently led a venture to acquire a two-building, 53,000 square foot, Class B MOB asset in Hoffman Estates, Ill., for $1.2 million, or about $23 PSF. The Medcoa Professional Complex at 990 to 1000 Grand Canyon Parkway was acquired from an affiliate of Boston-based Admirals Bank, which took […]
Hot Property: Ortho group monetizing portfolio
Two facilities comprise portfolio to be net leased to Arlington, Texas, group Name: Arlington Orthopedic Portfolio Cities: Arlington and Mansfield, Texas Number of buildings: 2 Total square footage: 49,660 Occupancy: 100% Tenant: Arlington Orthopedic Associates Seller: Arlington Orthopedic Associates Brokers: Daniel Turley, Mindy Berman and Steven Leathers, Jones Lang LaSalle
Transactions: CNL buys Houston assets from HCN
CNL’s $76 million Houston Orthopedic & Spine Hospital campus acquisition includes a four-story, 126,946 square foot single-tenant specialty surgical hospital and a four-story, 99,768 square foot, multi-tenant, Class A MOB. Photos courtesy of Colliers International Firm acquires specialty hospital, medical office for $76M from Health Care REIT By John B. Mugford Orlando, Fla.-based CNL Healthcare […]