News Release: Paradise Valley Medical Plaza in Phoenix Sold in $28.3 Million Transaction
Plaza Companies Will Continue to Provide Leasing, Construction & Property Management For Class-A Facility on Paradise Valley Hospital Campus PHOENIX, Arizona (December 31, 2014) — Plaza Companies and USAA Real Estate Company have sold a signature medical office building in Phoenix to American Realty Capital Healthcare Trust in a $28.3 million transaction. Paradise Valley Medical Plaza, an […]
Archives: 2014
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Archives: December 2014
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Cover Story: Hail to the REITs
Public HRE trusts control growing share of $1 billion market By John B. Mugford In the $1 trillion universe that is healthcare real estate, real estate investment trusts (REITs) certainly compete with each other when it comes to acquiring desirable properties, gaining name recognition and attracting investors. But it also looks as if the two […]
Feature Story: Insights Awards finalists announced
Second annual event honors healthcare real estate’s top people and projects As Scottsdale basked in brilliant sunshine in late 2013, 82-year-old Robert A. “Bob” Rosenthal’s sunny disposition was on display as he bounded onto a stage inside the Phoenician Resort. Upon receiving the 2013 HREI Lifetime Achievement Award for a career that spanned five decades, […]
Transactions: CNL Healthcare closes $238M deal
The timing was right for the sale, longtime developer Meadows & Ohly says By John B. Mugford In our September 2014 edition, Healthcare Real Estate Insights™ first wrote about a pending $238 million medical office building (MOB) transaction in which Orlando, Fla.-based CNL Healthcare Properties would acquire a portfolio of 13 medical office buildings (MOBs) […]
Transactions: CNL pays $11.3 million for 78% occupied MOB next to hospital in Margate, Fla.
MARGATE, Fla. – In more news from CNL Healthcare Properties, the non-traded REIT recently paid $11.3 million for a multi-tenant, 45,565 square foot MOB in Margate, Fla., near Fort Lauderdale along the Atlantic Coast. The REIT describes the Northwest Medical Park building, at 2801 N. State Road 7, as a “Class A” facility that is […]
Transactions: Healthcare Realty Trust lands MOB attached to hospital in Seattle suburbs
BURIEN, Wash. – Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) recently acquired a 60,161 square foot, five-story MOB in Burien, in the suburbs south of Seattle, for $22.675 million.
Transactions: Minnesota system sells building in sale-leaseback; Health Care REIT is the buyer
ST. PAUL, Minn. – Toledo, Ohio-based Health Care REIT (NYSE: HCN) recently found a monetization acquisition opportunity in downtown St. Paul, Minn., and it moved forward on the purchase of the Nasseff Specialty Center from Minneapolis-based Allina Health.
Transactions: ARC Healthcare Trust II acquires docs’ MOBs in Northwest Indiana for $46M
MUNSTER, Ind. – In what some observers are calling the Midwest’s largest medical office building (MOB) deal of 2014, New York-based ARC Healthcare Trust II closed on a five-building portfolio in Northwest Indiana, outside of Chicago, for about $46 million. The portfolio has a total of 165,000 square feet, meaning the unlisted real estate investment […]
Outpatient Projects: Phoenix doc plans wellness campus
$30 million campus in Glendale, Ariz., would provide a continuum of care By Connie McCaffrey With an eye toward providing preventive care and wellness, a Phoenix area radiologist is planning a new $30 million outpatient campus near a hospital in Glendale, Ariz. Dr. John Simon, the founder of SimonMed Imaging Inc., is planning the project […]
Outpatient Projects: Pocono Medical Center to partner with local developer on MOB project
EAST STROUDBURG, Pa. – A delayed commercial project approved years ago may be back on track, thanks to a new partner, Pocono Medical Center, according to local reports. Officials with a local firm, Penn Regional Business Center (RBC) III Inc., recently told the Smithfield Township Planning Commission that the company wants to revisit a plan […]
Outpatient Projects: New site, rather than one in Chinatown, approved for MOB in Riverside, Calif.
RIVERSIDE, Calif. – Rather than approving a commercial development in the city’s historic Chinatown, the Riverside City Council recently agreed to sell an alternative site to San Diego-based Pacific Medical Buildings (PMB) on which to build a new MOB.
Outpatient Projects: Seavest, Fleisher Smyth Brokaw to develop cancer center for Littleton Hospital
LITTLETON, Colo. – White Plains, N.Y.-based Seavest Healthcare Properties LLC has finalized a lease with Littleton Adventist Hospital to add a 10,500 square foot outpatient cancer center inside an MOB on the campus in Littleton, just south of Denver. The build-out of the space is slated for completion in the third quarter (Q3) of 2015, […]
