News Release: $22,650,000 Disposition of a Four-Building, 111,175 Square Foot Medical Office Portfolio Located in Southwest Florida
Transaction Overview Healthcare Real Estate Capital (“HRE Capital”), as exclusive financial advisor to AW Property Co. (“AW”), is pleased to announce the disposition of a four-building, 111,175 square foot medical office building portfolio (“Portfolio”). Located in Southwest Florida, the 98 percent occupied Portfolio included multi-tenant and master leased medical office buildings and an ambulatory surgery […]
News Release: CHP Acquisition – Houston Orthopedic & Spine Hospital Campus
CNL Healthcare Properties, Inc. is pleased to announce their acquisition of the Houston Orthopedic & Spine Hospital Campus located in Houston, Texas for $76,000,000. The HOSH campus consists of a 126,946 square foot specialty hospital and a 99,768 square foot medical office building. Lincoln Harris will provide leasing and management services for the campus. GE […]
Breaking News: Ventas to buy ARC for $2.6 billion
Largest healthcare REIT to become even larger Healthcare Real Estate Insights™ has learned that Chicago-based Ventas Inc. (NYSE: VTR) has agreed to acquire American Realty Capital Healthcare Trust Inc. (Nasdaq: HCT) in a stock and cash transaction valued at $2.6 billion, or $11.33 per ARC Healthcare share. The blockbuster deal makes Ventas, the largest healthcare real estate […]
News Release: St. Jude Medical Center Northwest Tower Project Team Honored for its Outstanding Design-Build Process
St. Jude Medical Center, Petra Integrated Construction Strategies, McCarthy Building Companies and Taylor Design receive Design-Build Institute of America – Western Pacific Region Distinction Award Newport Beach, Calif. (May 29, 2014) — The Design Build Institute of America (DBIA) – Western Pacific Region recently honored the design-build team of St. Jude Medical Center, Petra-Integrated Construction […]
News Release: Brackett Flagship Properties Announces New Team Members
Brackett Flagship Properties has recently added four new employees to support its continued growth: Thorn Baccich, Jr., Ryan Dawson, Matt Schindelholz, and John Klawitter. Thorn Baccich, Jr. joins Brackett Flagship Properties from Carolinas Healthcare System, where he spent four years in the Real Estate Department. As Vice President of Development, Thorn will work closely with […]
News Release: Duke Realty-developed Northside-Cherokee Towne Lake MOB attains LEED certification
The 100,797-square-foot Class A medical office building in Woodstock achieves distinction as environmentally friendly facility under USGBC’s LEED Core & Shell System WOODSTOCK, Ga., and INDIANAPOLIS, May 29, 2014 – Duke Realty has turned a real estate project that was a victim of the recession into a sustainable success. The United States Green Building Council […]
News Release: Seavest and Anchor break ground on new Jennersville Medical Office Building
Seavest and developer collaborate to develop a 72,000 square foot MOB at new Penn Medicine Chester County Hospital healthcare destination in Jennersville, Pa. WHITE PLAINS, N.Y., and JENNERSVILLE, Pa., May 29, 2014 – White Plains-based Seavest Healthcare Properties LLC in partnership with Anchor Health Properties has started construction of the new Jennersville Medical Office Building […]
News Release: Flagship Healthcare Real Estate Fund Partners with Drake Real Estate Partners to Acquire Freestanding Emergency Department & Medical Office Building in Fredericksburg, VA
May 29, 2014 Fredericksburg, VA – Flagship Healthcare Real Estate Fund and Drake Real Estate Partners have acquired The Professional Plaza at Lee’s Hill, a 71,000 square foot freestanding emergency department and medical office building located at 10401 Spotsylvania Avenue in Fredericksburg, Virginia. This modern facility is the seventh acquisition for the Flagship Healthcare Real […]
Thought Leaders: Medical Office Market Report Available
1st Quarter Medical Office Market Report Colliers International | Minneapolis-St. Paul is pleased to present our Twin Cities Medical Office Market Report for the first quarter of 2014. Strong construction activity as merging health care groups prepare for increasing patient population and streamlining of patient care Now Available Download Q1 Medical Office Market Report View […]
News Release: Caddis Partners names Jason Hinkel as Regional Director of Development
Based in Atlanta, the 25-year industry veteran is responsible for growing development activity in the Southeast Region for the Dallas-based healthcare real estate firm ATLANTA and DALLAS, May 28, 2014 – Leading national healthcare real estate firm Caddis Partners LLC has named industry veteran Jason Hinkel as Regional Director of Development. Mr. Hinkel’s role will […]
For Sale: 165,000 SF Building – Class A Medical Office Building Re-Position Opportunity
Asking Price $8 Million – Existing 165K SF Building with 8 + Acres of Land In Southern California Prime Downtown, Listings for Class C Neighborhood property prices at $110/SF to $165/SF I need a QUICK sale Land value at $7-$8 Million + Building replacement cost at $25 Million (please verify) MOB project can start in 4 […]
For Sale: Single Tenant Medical Office Investment Opportunity – Memphis, TN
Single Tenant Medical Office Investment Opportunity – Physicians 1st Medical – 5570 Murray Road Memphis, TN 38119 Tenant: Physicians 1st Medical Address: 5570 Murray Road, Memphis, TN 38119 Type: Single Tenant Medical Office SF: 9,725 In-Place NOI $124,468 Cap Rate: 9.50% Purchase Price: $1,310,188 This offering is available for a purchase price of $1,310,188 ($134.72 PSF) representing […]
Archives: May 2014
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Cover Story: Should systems monetize hospitals?
Selling MOBs is common, BOMA panel notes, but what about inpatient buildings? By John B. Mugford In healthcare real estate (HRE), there’s an untapped gold mine of properties awaiting investors who can figure out how to obtain them: acute care hospitals. Therein lies the difficulty, however, as the holders of more than 85 percent of […]