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News Release: Destination Medical Center’s Economic Development Agency Readies for Next Phase of DMC Initiative

ROCHESTER, Minn. (April 30, 2015) –The DMC Economic Development Agency (EDA) is moving quickly to formalize the operations of the EDA following the final approval of the Destination Medical Center (DMC) Development Plan by the Destination Medical Center Corporation (DMCC) Board of Directors at its April 23 meeting. This allows the EDA to effectively launch […]

News Release: Freese Johnson Announces Completion of Arizona General Hospital

News Release: Freese Johnson Announces Completion of Arizona General Hospital

Freese Johnson is pleased to announce the successful completion of Arizona General Hospital in Phoenix, Arizona, the first full-service hospital in Laveen Village to serve and benefit the medical needs of the community. The 38,900 SF hospital sits on 3.92 acres in southwest Phoenix. Featuring 16 private patient beds and 4 critical care beds, the […]

For Sale: On-Campus Value-Add MOB – Tamarac, FL

University Medical Arts Building Marcus and Millichap is pleased to present the University Medical Arts Building (the “Property”) located at 7431 North University Drive in Tamarac, Florida. The University Medical Arts Building is a 44,857 rentable square foot, Class B+ medical office building that was developed in 1998 by the Greenfield Group, a Florida-based healthcare […]

News Release: Sold - DaVita Dialysis - Clinton, OK

News Release: Sold – DaVita Dialysis – Clinton, OK

DaVita Dialysis – 150 N 31ST Street Clinton, OK 73601 Single Tenant Retail Investment SF: 5,500 SF Sold Price: $1,250,000 Year Built: 2002 CAP Rate: 6.6% Lease Commencement: October 31, 2002 For more information, please contact: Brad Cottam +1 816 968 5810 brad.cottam@cbre.com

For Sale: Offers Requested: On-Campus Orthopedic Facility in the Pacific Northwest

For Sale: Offers Requested: On-Campus Orthopedic Facility in the Pacific Northwest

Offers Requested by Thursday, May 7th, 2015 – 5:00 PM PDT Offering Price: Best Offer Square Feet: 42,846 SF Per Lease / 52,813 SF Per BOMA Year Built: 2008 Percentage Leased: 100% Tenancy: Single Tenant – Proliance Surgeons Lease Expiration: August 2023 Extension Options: Two, 5-Year Options (no less than previous term’s rent) In-Place NOI: $1,546,965 Annual […]

News Release: Marcus & Millichap Arranges $10.45 Million Medical Office Building Sale

News Release: Marcus & Millichap Arranges $10.45 Million Medical Office Building Sale

Neighborhood Medical Office Building Sells for $10.45 Million WASHINGTON, April 28, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Metropolitan Medical Center, a 43,683-square-foot neighborhood medical office building in Northwest Washington, D.C. The $10.45 million sales price equates to […]

News Release: $117 Million 20-Property Healthcare Portfolio Sale Arranged by Marcus & Millichap

News Release: $117 Million 20-Property Healthcare Portfolio Sale Arranged by Marcus & Millichap

CHICAGO, April 28, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 224,150-square-foot medical office building portfolio comprised of 20 radiation oncology centers located in Fla., Calif., Nev., W. Va. and Ky. The sales price for […]

News Release: Jill Bergman Joins HDR

News Release: Jill Bergman Joins HDR

San Francisco, CA – We are pleased to announce that Jill Bergman, AIA, ACHA, EDAC, LEEDap, has joined HDR as a healthcare principal and vice president in the San Francisco office. In her new role, she will be working with the Northern California team on project leadership with business development responsibilities. “The people, the dynamic […]

News Release: Opus Grows Healthcare Division Team

The Opus Group® Expands Healthcare Expertise with New Team Members Construction industry veterans Steffel and Field join Opus Minneapolis (April 28, 2015) – The Opus Group announced today the additions of Bob Steffel as director of project management and Jed Field as senior project manager for Opus Design Build, L.L.C. In their new roles, Steffel and […]

For Sale: Seattle-Area Medical Office Investment

For Sale: Seattle-Area Medical Office Investment

14212 Ambaum Blvd. SW, Burien, WA 98166 The Offering CBRE, Inc., presents the opportunity to acquire Ambaum Professional Center located at 14212 Ambaum Blvd SW in Burien, WA. This well-maintained and stable property is prominently situated on one of the two major north/south surface street arterials in Seattle’s south-end and provides easily accessible medical office […]

News Release: Akron Children’s Hospital opens $180 million patient care facility  Ahead of schedule, under budget

News Release: Akron Children’s Hospital opens $180 million patient care facility Ahead of schedule, under budget

AKRON, Ohio (April 27, 2015) – Akron Children’s Hospital is set to open its new $180 million Kay Jewelers Pavilion May 5 – ahead of schedule and under budget. The seven-story, 368,735-square-foot facility enhances and expands Akron Children’s services as the hospital celebrates 125 years of delivering family-centered care this year. The building features a […]

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Archives: April 2015

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One of the assets acquired by Griffin-American Healthcare REIT III during the first quarter was the 31,070 square foot Keller (Texas) Medical Plaza. The MOB, which was acquired from Caddis Partners, was 94 percent leased at the time of the sale. (Photo courtesy of Caddis)

Transactions: G-A Healthcare REIT III caps $353.7 million Q1

Non-traded healthcare real estate trust says it has about $509 million more in the pipeline By Murray W. Wolf Griffin-American Healthcare REIT III Inc. acquired $353.7 million worth of healthcare real estate (HRE) during the first quarter (Q1) and has about $509 million of additional transactions in the pipeline. That’s according to American Healthcare Investors […]

The five-story, 122,479 square foot Northwest Specialty Clinics building in Springfield, Ore., recently sold for $61.4 million, or slightly more than $500 per square foot. Harrison Street was the buyer and a partnership of physicians was the seller. (Photo courtesy of JLL)

Transactions: Harrison Street buys Oregon MOB

JLL represents seller in $61.4 million sale of 122,479 square foot med building By Murray W. Wolf An affiliate of Harrison Street Real Estate Capital has acquired the five-story, 122,479 square foot Northwest Specialty Clinics MOB in Springfield, Ore., for a reported $61.4 million, or slightly more than $500 per square foot (PSF).