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News Release: HFF arranges $41.25 million construction/permanent loan for The Hoag Health Center – Irvine in Irvine, California

News Release: HFF arranges $41.25 million construction/permanent loan for The Hoag Health Center – Irvine in Irvine, California

SAN DIEGO, CA – HFF announced that it has secured a $41.25 million construction-to-permanent loan for The Hoag Health Center  –  Irvine, a to-be-built 150,000-square-foot medical office development in Irvine, California. HFF worked exclusively on behalf of San Diego-based Pacific Medical Buildings (PMB) to secure the 12-year, fixed-rate loan through a correspondent life insurance company.  […]

Archives: February 2015

Archives: February 2015

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February 2015 PDF

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Cover Story: Record-setting medical office sales reflect soaring investor demand

Cover Story: Record-setting medical office sales reflect soaring investor demand

Both Q4 and 2014 set new records for total transaction volume By John B. Mugford Seemingly insatiable investor demand for medical office buildings (MOBs) continued unabated during the fourth quarter (Q4) of last year as the total dollar volume of transactions for both the quarter and year established new records. Back in February 2013, we […]

Deeni Taylor of Duke Realty and Greg Venn of NexCore Group discuss their expectations for 2015. (HREI photo)

Feature Story: Plenty more predictions for 2015

Another dose of observations and prognostications from the HREI™ editorial board By John B. Mugford The recently-published 2015 HREI™ Resource Guide™ included several articles on what might be ahead for the healthcare real estate (HRE) sector, including a story focusing on a discussion with the Healthcare Real Estate Insights™ Editorial Advisory Board last fall. That […]

The 41,603 square foot La Quinta (Calif.) Medical Center Medical Office Building, which sold for $25 million, or about $600 per square foot, is one of four assets Newmark Knight Grubb Frank has sold for Accretive Realty Investment in the past year. (Photo courtesy of NGKF)

Transactions: NGKF helps Accretive cash in

Broker has handled four dispositions for the real estate investment firm in the past year By John B. Mugford In about the span of a year, the Global Healthcare Services team at Newmark Grubb Knight Frank (NGKF) completed the dispositions of four healthcare real estate (HRE) facilities in Southern California for Irvine, Calif.-based Accretive Realty Investment […]

Transactions: Physicians Realty Trust lands MOB across the street from hospital in New Orleans

NEW ORLEANS — Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently paid $10.5 million for an eight-story MOB across the street from the 156-bed Oschner Baptist Medical Center in downtown New Orleans.

Transactions: Sanders Trust finds smaller, single assets  to build its portfolio

BIRMINGHAM, Ala. – The Sanders Trust (TST), a well-known HRE investment firm that has done a number of large deals, recently demonstrated that it is also willing to make smaller acquisitions to build its portfolio of healthcare facilities. In recent weeks, TST spent a total of about $23.5 million in four transactions for five facilities. […]

Transactions: More HRE Transactions

■ A group of tenants in common (TIC) recently sold a two-story, 21,398 square foot MOB at 1800 116th Ave. in Bellevue, Wash., for

Hot Property: Stabilized, multi-tenant MOB offered

Fully leased Merrionette Park Medical Center is in the southwest Chicago suburbs Name: Merrionette Park Medical Center Number of buildings: 1 Floors: 1 Lot size: N/A Address: 11600 S. Kedzie Ave. City: Merrionette Park, Ill. Square footage: 57,305 Year built/renovated: 1995/2004 Leased: 100% Broker: John Smelter Brokerage: Marcus & Millichap Experts are calling this the […]

Capital Markets: ‘Lease-up’ MOBs have loan options

Capital Markets: ‘Lease-up’ MOBs have loan options

Financing can be structured to fund tenant improvements, leasing commissions By Erik Tellefson There are various financing opportunities depending on the stage of a medical office building (MOB), whether during construction/renovation, “lease-up” or stabilized. For example, MOBs with in-place tenancy of 65 to 80 percent, and a lease-up component for the remainder of the space […]

Anchor Health Properties is developing a 75,000 square foot medical office building in Greendale, Ind., for Edgewood, Ky.-based St. Elizabeth Healthcare. (Rendering courtesy of St. Elizabeth Healthcare)

Outpatient Projects: Anchor developing 75,000 s.f. MOB

Project is underway for St. Elizabeth Healthcare in suburbs of Cincinnati By John B. Mugford Experienced healthcare real estate (HRE) professionals are saying that many of the outpatient facilities to be built in years to come will have more than 50,000 square feet and be home to fewer tenants and more specialty services. That describes […]

Outpatient Projects: Rendina readies for Texas project

Development firm will own 40,000 square foot, on-campus MOB in Paris, Texas By John B. Mugford Most health systems send out requests for proposals (RFPs) for nearly each and every project they propose these days, even when they are happy with the work performed by a certain firm on a previous development. Even so, most […]

Outpatient Projects: U of South Alabama starts $27.3 million MOB on its children’s/women’s campus

MOBILE, Ala. – Construction started in January on a $27.3 million MOB on the campus of the University of South Alabama Children’s and Women’s Hospital in Mobile, a city of about 200,000 people on the Gulf Coast.

Outpatient Projects: More Outpatient Healthcare Real Estate Project News

■ Saint Francis Medical Partners, a network of physicians and practices in and around Memphis, Tenn., recently broke ground for