Transactions: MOB sales stay strong in Q2
However, dollar volume of $2.13 billion was bolstered by two big deals By John B. Mugford Medical office building (MOB) sales volume was strong during the second quarter (Q2) of 2016, with two large deals dominating the transaction activity. According to commercial real estate research firm Real Capital Analytics (RCA) Inc., Q2 sales totaled a […]
Transactions: Multi-Employer Property Trust acquires MOB in downtown Boston for $625 per foot
BOSTON – Bethesda, Md.-based Multi-Employer Property Trust (MEPT), an investment vehicle for multi-employer and public employee pension plans, recently acquired what is known as the Harvard Vanguard Post Office Square medical office in downtown Boston.
Transactions: Pair of Pennsy MOBs sell for $52M
Side-by-side MOBs in Glen Mills, west of Philly, house Crozer-Keystone services By John B. Mugford Even though Springfield, Pa.-based Crozer-Keystone Health System was in the midst of being acquired in recent months – a situation that could create uncertainties when properties are put on the market – demand was still “very” strong for a pair […]
Transactions: Newly launched G-A REIT IV adds to its fledgling portfolio of HRE properties
POTTSVILLE, Pa. – Irvine, Calif.-based Griffin-American Healthcare REIT IV Inc., a newly formed non-traded real estate investment trust (REIT) in the early stages of building its portfolio of healthcare real estate (HRE) facilities, recently entered an agreement to purchase a 36,000 square foot, multi-tenant MOB in Pottsville, about 50 miles from the state capital of […]
Transactions: Canadian medical REIT enters U.S. market with a pair of MOB buys in Florida
ORLANDO, Fla. – Sunny Florida is where Toronto-based Mohawk Medical Properties REIT recently made its entrée into the U.S. MOB market, where it is called Mohawk America. In July, the private REIT acquired two medical facilities in Greater Orlando, paying a total of $14.6 million for the two buildings.
Hot Property: Fully leased to county-owned tenant
MOB in Half Moon Bay, Calif., provides valuable medical services to residents Name: Coastside Clinic Address: 225 Cabrillo Highway South City: Half Moon Bay, Calif. Total leasable square feet: 15,335 Number of floors: 1 Tenant: San Mateo County Health System Occupancy: 100% Year built: 1980 Year renovated: 2011 Seller: NetREIT Inc. Brokerage: Marcus & Millichap […]
Outpatient Projects: Children’s MOB coming in San Antonio
Seavest will own the facility being developed by Trammell Crow for CHRISTUS By John B. Mugford As hospitals and health systems across the country continue to employ a strategy that calls for bringing more medical services out to where patients live, they have a number of methods for doing so.
Outpatient Projects: University of Pittsburgh Medical Center building a new MOB in outer suburbs
HAMPTON TOWNSHIP, Pa. – The University of Pittsburgh Medical Center (UPMC) is building what it calls a “comprehensive” outpatient facility in Hampton Township, about 30 minutes north of downtown Pittsburgh.
Outpatient Projects: Kaiser’s future 50,000 square foot MOB in Chino, Calif., to use latest in technology
CHINO, Calif. – Construction is more than half complete on Oakland, Calif.-based Kaiser Permanente’s future Chino Grand Medical Office Building in Chino, about 35 miles east of Los Angeles.
Outpatient Project: The Neenan Co. starts construction on clinic in Central Coast town of Oceano, Calif.
OCEANO, Calif. – Fort Collins, Colo.-based The Neenan Co. recently broke ground on its fourth clinic project for Santa Maria, Calif.-based Community Health Centers of the Central Coast.
Outpatient Projects: Landmark Healthare Facilities starts construction on FED in Central Florida city
DELTONA, Fla. – Milwaukee-based Landmark Healthcare Facilities recently broke ground on a future freestanding emergency room (ER) that it will own in Deltona, a city of about 90,000 residents some 30 miles or so north of Orlando, Fla.
Outpatient Projects: Ryan Cos. U.S. breaks ground on cancer treatment center in ASU Research Park
TEMPE, Ariz. – Minneapolis-based Ryan Cos. U.S. has started work on what will be its ninth build-to-suit development in the Arizona State University (ASU) Research Park in Tempe, about 10 miles south of the main ASU campus.
Outpatient Projects: Medistar finishes MOB on El Paso, Texas, campus where it helped plan new hospital
EL PASO, Texas – Construction is now complete on Houston-based Medistar Corp.’s new MOB on the campus of a future teaching and community hospital in the growing western area of El Paso.
Inpatient Projects: Hospital planned in Eau Claire, Wis.
Marshfield Clinic proposes new facility near its current outpatient campus By John B. Mugford With a goal of reducing the cost of medical care provide to residents in west central Wisconsin, one of the area’s largest and growing health systems is planning to build a new hospital and cancer center in Eau Claire, a city […]
