2016 HREI Awards Finalists: Best New MOB (100,000 S.F. or More)
Hoag Health Center Irvine-Sand Canyon, Irvine, Calif. Developer: Pacific Medical Buildings The Hoag Memorial system wanted to develop an outpatient facility adjacent to its Hoag Hospital Irvine to meet the healthcare needs of the rapidly growing area.
Transactions: Mount Sinai plans Florida expansion
New York-based provider to anchor conversion of newly acquired office building By John B. Mugford Sunny West Palm Beach, Fla., with its affluent older population – many of whom are retired snowbirds from the Northeast – is a prime area for providing medical services.
Transactions: Griffin-American REIT IV acquires its 12th building, an MOB near Cincinnati
EVENDALE, Ohio – Irvine, Calif.-based Griffin-American Healthcare REIT IV Inc., recently entered into an agreement to acquire Evendale Medical Office Building, a 66,000 square foot MOB in the northern Cincinnati suburb of Evendale.
Transactions: Hammes Partners lands MOB in Twin Cities suburb for $15.3 million, or $216 per square foot
ROSEVILLE, Minn. – Milwaukee-based Hammes Partners, an affiliate of Hammes Company, has acquired the Twin Lakes Health building at 1835 County Road C W. in Roseville, a Twin Cities suburb, from Minneapolis-based Ryan Cos. Hammes, whose Hammes Partners II LP fund is closed to investors after raising $430 million of capital commitments, paid $15.3 million […]
Transactions: Anchor Health Properties lands Coit MOB in Dallas, home to Baylor Surgicare
DALLAS – Wilmington, Del.-based Anchor Health Properties recently purchased Coit Medical Center, a 32,201 square foot MOB in Dallas.
Hot Property: Los Angeles-area MOB is 90% filled
It’s home of Lynwood, Calif., is seeing growth in patient base, brokers say Name: 3680 E. Imperial Highway Location: Lynwood, Calif. Square feet: 64,780 Occupancy: 90% Average lease term: 4 years Year 1 NOI: $1.08 million Seller: Undisclosed Brokerage: CBRE Investment Properties, Southern California Brokers: Gary Stache, Anthony DeLorenzo, Doug Mack and Nicholas Svendsen One […]
Transcations: MOB in high-demand Burbank, Calif., market trades for $572 per square foot
BURBANK, Calif. – The largest off-campus, single-tenant MOB in Burbank, outside of Los Angeles, recently changed hands for $14.3 million, or about $572 PSF.
Transactions: DocREIT buys surgery center from physicians in Traverse City, Mich.
TRAVERSE CITY, Mich. – Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently acquired the Northwest Michigan Surgery Center, a 55,215 square foot ambulatory surgery facility in Traverse City, a town of about 15,000 residents in the far northwest corner of the state.
Transactions: Dallas-based Caddis makes entrée into South Carolina with Hilton Head ASC acquisition
HILTON HEAD, S.C. – Dallas-based Caddis recently paid an undisclosed amount for the 19,728 square foot Outpatient Surgery Center of Hilton Head, a one-story ambulatory surgery center (ASC) at 190 Pembroke Drive.
Transactions: Catalyst CRE acquires five Florida buildings housing area oncology practice for $16.9 million
PENSACOLA, Fla. – Pensacola-based Catalyst CRE, which focuses on healthcare real estate consulting, investment, and development, recently announced that it paid $16.9 million for five facilities in Central Florida that are home to Ocala, Fla.-based Robert Boissoneault Oncology Institute (RBOI).
Outpatient Projects: Triad plans new MOB in Atlanta area
Project is proposed near medical campus in growing Alpharetta, Ga., community By John B. Mugford If there was a hot site to develop a new medical office building (MOB) in Alpharetta, Ga., a growing community about 25 miles north of Atlanta, it would undoubtedly be near: ■ Avalon, a still-emerging 86-acre live-work community; ■ the […]
Outpatient Projects: Kaiser to build $50 million, 87,000 square foot outpatient facility in Santa Rosa, Calif.
SANTA ROSA, Calif. – After heavy rains caused a delay of more than a month, ground was broken Nov. 18 on Oakland, Calif.-based Kaiser Permanente’s $50 million, 87,000 square foot outpatient building in Santa Rosa, 60 miles north of San Francisco.
Outpatient Projects: MedCraft completes $41.7 million, 97,000 square foot Integrated Care Pavilion in Stamford, Conn.
STAMFORD, Conn. – Minneapolis-based MedCraft Healthcare Real Estate LLC recently completed the $41.7 million, 97,000 square foot Stamford Integrated Care Pavilion (ICP) on the campus of the new, $450 million, 180-bed Stamford Hospital, which opened in September 2016.
Outpatient Projects: Hokanson Cos. developing $31 million, 65,000 square foot VA outpatient clinic Riverview, Fla.
RIVERVIEW, Fla. – Construction is scheduled to begin in March 2017 on a new 65,000 square foot U.S. Department of Veterans Affairs (VA) outpatient clinic in Riverview, outside of Tampa, Fla.
Outpatient Projects: Johnson Memorial announces new $42 million ED, outpatient and rehab project in Franklin, Ind.
FRANKLIN, Tenn. – The Johnson Memorial Health board recently approved plans for a new emergency and outpatient facility as well as a comprehensive rehabilitation center on the Johnson Memorial Hospital campus in Franklin, about 20 miles south of Nashville, Tenn. The $42 million project, the largest in Johnson Memorial history, would include the 17,400 square […]
