Web Exclusive: The changing face of retailization
A group of industry experts airs some of its concerns about retail clinics By Erin E. Porter Along with the many changes brought by the Patient Protection and Affordable Care Act (PPACA), the so-called “retailization” of healthcare is rapidly and, in some cases, radically changing the landscape – its delivery, quality, location, look and feel, […]
Transactions: Harrison Street pays $28.5M for portfolio from ProMed, which continues its sell-off
ARLINGTON, Va. – The latest investor to capitalize on ProMed Properties’ strategic sell-off of its healthcare real estate (HRE) portfolio is Chicago-based Harrison Street Real Estate Capital.
Transactions: Columbus, Ohio, investor makes foray into San Antonio market with HRE purchase
SAN ANTONIO – Equity Inc. of Columbus, Ohio, recently acquired a two-building complex in the massive South Texas Medical Center in San Antonio.
Transactions: DocREIT gains Minnesota portfolio
Physicians Realty Trust pays $116.3 million for MOBs from Minnesota HRE firm By John B. Mugford In the Twin Cities area of Minneapolis and St. Paul, Minn., the Davis Group ranks as one the most prolific developers and independent owners of medical office buildings (MOBs) of the past few decades.
Transactions: CNL Healthcare Properties lands orthopedic facility in Novi, Mich., for $30.5M
NOVI, Mich. – Orlando, Fla.-based CNL Healthcare Properties, a non-traded REIT, continues to acquire MOBs to go along with its numerous senior housing facilities.
Transactions: More Healthcare Real Estate Transactions
MB Real Estate of Chicago recently acquired the Venture Center, a 39,564 square foot MOB at 1605 Chantilly Drive in Atlanta. The $6.3 million price tag works out to $159 PSF, according to RCA. The seller was Atlanta-based Wyatt Realty Co., which had acquired the building for $3.1 million in January 2013. The three-story facility […]
Transactions: Minneapolis buyer nabs Texas MOB
Family office of Best Buy founder Dick Schulze takes Austin asset for $26.7 million By John B. Mugford Minneapolis-based Olympus Ventures, the family office of Best Buy Co. (NYSE: BBY) founder Dick Schulze, recently acquired a newly constructed medical outpatient facility on the west side of Austin.
Transactions: DocREIT completes several other purchases, including portfolio in Rochester, N.Y.
MILWAUKEE – In more news from Physicians Realty Trust, the REIT recently closed on five additional transactions. In the first quarter (Q1) of 2015, DocREIT made purchases totaling $234 million, closing on nine acquisitions with 23 properties in nine states. The facilities total 913,636 leasable square feet. The firm also purchased a non-medical office building […]
Transactions: Newcomer Medical Properties of America Inc. lands MOB near Denver
LONE TREE, Colo. – Nashville, Tenn.-based Medical Properties of America Inc., a privately held real estate investment company, recently acquired the two-story, 36,541 square foot Renewal Medical Center in Lone Tree, Colo.
Transactions: Carter Validus II makes HRE acquisitions in Cincinnati, Winston-Salem
TAMPA, Fla. – In more news from Carter Validus, the company’s newly formed, second non-traded REIT, Carter Validus Mission Critical REIT II (CVMCR II), recently made three purchases.
Transactions: Carter Validus taking $117M portfolio
20-building, five-state portfolio is occupied by 21st Century Radiation Oncology By John B. Mugford As of the end of March, Carter Validus Mission Critical REIT Inc. was in the process of acquiring a five-state, 20-building portfolio of medical office buildings (MOBs) that are fully occupied by Fort Myers, Fla.-based 21st Century Radiation Oncology.
Outpatient Projects: MOB is key part of mixed-use project
$110M development near hospital in Albany, N.Y., is part of neighborhood remake By Connie M. McCaffrey In what is being called “game changing,” a $110 million mixed-use redevelopment of two whole blocks of the once-struggling, working-class Park South neighborhood in Albany, N.Y., is moving full speed ahead.
Outpatient Projects: New York Methodist Hospital, preservation group reach accord on outpatient center
BROOKLYN, N.Y. – Now that its legal battle with a local preservation group is over, New York Methodist Hospital in Brooklyn is moving forward with plans to develop a six-story, u-shaped outpatient center in the Park Slope neighborhood.
Outpatient Projects: 12-story tower in Brooklyn will include healthcare, office and retail space
BROOKLYN, N.Y. – Healthcare is being looked upon as an essential element of a project that’s part of a renaissance taking place in the Fort Greene neighborhood of Brooklyn.
Outpatient Projects: More Outpatient Real Estate Project News
St. Anthony Memorial Hospital in Effingham, Ill., recently received the green light from the Illinois Health Facilities and Services Review Board to proceed with a $14 million, 22,352 square foot ambulatory care center just a few blocks from the hospital. The facility would be connected to the existing Effingham Medical Center office building at 900 […]