News Release: Destination Medical Center Corporation (DMCC) Board Adopts DMC Development Plan
ROCHESTER, Minn. (April 24, 2015) – In a landmark vote advancing Minnesota’s largest economic development initiative, the Destination Medical Center Corporation (DMCC) Board of Directors adopted the DMC Draft Development Plan at a special meeting last evening, which followed a public hearing. The 20-year Plan serves as a strategic business plan and framework to guide […]
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: Carter Validus Mission Critical REIT II Acquires Two Medical Facility Properties
(Tampa, FL) – Carter Validus Mission Critical REIT II, Inc. acquired the Winter Haven Healthcare Facility for approximately $3.8 million and the Heartland Rehabilitation Hospital property for approximately $24.5 million. The Winter Haven Healthcare Facility measures approximately 7,560 square feet in net rentable area, and is located in Winter Haven, Florida. Winter Haven is a […]
News Release: Texas Children’s Hospital Engages FKP for 19-Story Expansion
Texas Children’s Hospital Engages FKP for expansion: Planning underway for new 19-story tower at Main Campus HOUSTON, TX, April 22, 2015 – In collaboration with Texas Children’s Hospital, FKP Architects announced a major expansion that will focus on bringing access to more critically ill patients The hospital is embarking on a $506 million 19-story patient […]
News Release: PMB finalizes construction of LEED-certified Los Alamitos Medical Plaza
Pacific Medical Buildings completes the construction of 70,000 square foot, LEED-certified medical office building in Los Alamitos, Calif. IRVINE, Calif., April 22, 2015 – Pacific Medical Buildings (PMB) is pleased to announce the completion of construction on a three-story, 70,000 square foot medical office building (MOB) and adjacent six-level, 1,077-space parking structure located on the […]
For Sale: Grossmont Medical Arts Building
Investment Highlights: On the Campus of the 536-Bed Sharp Grossmont Hospital Sharp Grossmont is the Largest Not-For-Profit, Full-Service Acute Care Hospital in the Region Value-Add Opportunity – 72% Current Occupancy Strategically Located in Close Proximity to the I-8 Freeway & Highway 125 The Other 2 On-Campus MOBs Average 97% Occupancy […]
News Release: For Medical Office Portfolios, Less Is More
Fewer portfolios trade in 2014, but demand sends pricing sky high BOSTON, April 22, 2015 – It seems real estate investors can’t get enough of medical office portfolios. Demand for the product type continues to swell, as evidenced by the outsized allocation of capital for investment in healthcare assets. But while overall sales of dedicated […]
News Release: Five Risks Affecting the Healthcare Industry on the ACA’s Fifth Anniversary
JLL outlines the tumultuous future of the U.S. healthcare industry and its real estate CHICAGO, April 22, 2015 – When the Affordable Care Act (ACA) was signed into law five years ago, it marked the beginning of a tumultuous new era for the healthcare industry. On the fifth anniversary of that historic event, JLL has […]
News Release: CBRE JUST CLOSED:: 100% Occupied Medical Office Opportunity
SOLD MARCH 2015- 100% OCCUPIED MEDICAL OFFICE INVESTMENT OPPORTUNITY Steve Marzullo and Justin Marlowe of CBRE’s Philadelphia Commercial Investment Properties Team along with Jon Sarkisian and Anthony LiVecchi of CBRE’s South Jersey Office Brokerage Services Group arranged the sale of the New Albany Professional Building located at 2800 Route 130 in Cinnaminson, NJ (“the Property”). […]
For Sale: Columbia Professional Center | West Palm Beach, FL
Medical Office for Sale | Columbia Professional Center | West Palm Beach, FL Offering Overview Columbia Professional Ctr. 2051-2151 45th Street West Palm Beach, FL 33407 Price………………………$9,000,000 Building Size……………69,178 SF Price/PSF………………..$130 Acres…………………….3.03± Occupancy……………..66.0% Built……………………….1985 The Offering CBRE, Inc., acting as exclusive agent, is pleased to offer for sale Columbia Professional Center (“Property”), which comprises two […]
News Release: Reed Construction Breaks Ground on Riverside Medical Center
CHICAGO – Reed Construction is pleased to announce that the firm has broken ground for the new Riverside Medical Center, a 20,755 square foot medical office building for Riverside Healthcare in Frankfort, Illinois. Project leaders participated in a groundbreaking ceremony at the site on April 15. Also in attendance were team members from Proteus Group, […]
News Release: The Opus Group Announces Tom Shaver as President to Lead New Healthcare Division
Minneapolis (April 17, 2015) – The Opus Group (Opus) announced today the appointment of 31-year industry veteran Tom Shaver as president, Opus Healthcare™, a division of Opus Development Company, L.L.C., and an expansion of services into the healthcare sector. The healthcare industry is facing unique challenges and real estate can be part of the solution. […]
News Release: The Sanders Trust Acquires Asheville, NC MOB for $11.6M
Birmingham, Ala. – The Sanders Trust (TST), one of the nation’s leading healthcare real estate investment companies located in Birmingham, Ala., has acquired 20 Medical Park Drive, an approximately 24,000-square-foot medical office building (MOB) in Asheville, N.C., originally built in 2005. The $11.6 million acquisition is part of a joint venture between The Sanders Trust […]
Cover Story: Seems like old times
Fourteen assets totaling more than 1.2 million square feet from of one of the first MOB REITs, Lillibridge Health Trust, are back on the market By Murray W. Wolf Lillibridge is selling a portfolio of 14 medical office assets it acquired in the late 1990s and early 2000s as part of its first MOB fund, […]
Feature Story: 2014 healthcare real estate sales volume surpassed $11.3 billion
Medical office made up almost $9.3 billion of the total, Revista says By Murray W. Wolf U.S. medical real estate sales totaled more than $11.3 billion in 2014, according to the healthcare real estate (HRE) data service Revista. Medical office building (MOB) sales accounted for 63 percent of the total dollar volume of transactions, followed […]
