Transactions: UCLA pays more than $10M for MOB that its health system occupies in Thousand Oaks, Calif.
THOUSAND OAKS, Calif. – Instead of continuing to pay rent for a building that it fully occupies in Thousand Oaks, the UCLA Board of Regents recently acquired a medical office building (MOB) where UCLA Health offers a number of medical services.
Transactions: HTA acquires portfolio of 29 buildings for $178M in Hartford and New Haven
HARTFORD and NEW HAVEN, Conn. – Following a strong first quarter (Q1) 2016 of acquisitions, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) acquired a large portfolio of MOBs in Connecticut in April.
Transactions: Strong ride for MOB sales continues
Q1 sales were $1.95 billion – a strong total, but perhaps the start of slow falloff By John B. Mugford As many healthcare real estate (HRE) professionals had predicted, the strong ride for medical office building (MOB) sales continued into early 2016 after a record-setting year of 2015.
Hot Property: Fully occupied, with Baylor name
Tenants at Coit Medical Center in Dallas have invested heavily in their spaces Name: Coit Medical Center Address: 12230 Coit Road City: Dallas Total leasable square feet: 32,201 Number of floors: 2 Number of tenants: 5 Occupancy: 100% Year built: 2009 Average lease term: 7.3 years Lot size: 1.36 acres Brokerage: HFF Brokers: Evan Kovac, […]
Transactions: DOC completes $202.3M in Q1 deals
Physicians Realty Trust says it expects to acquire more than planned in 2016 By Murray W. Wolf As previously reported in Healthcare Real Estate Insights™, Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently announced that it had agreed to acquire 52 MOBs from Catholic Health Initiatives. (Please see “Biggest deal ever” on page 19 of the […]
Transactions: JLL Income Property Trust pays $27 million for new MOB in the heart of Orange County, Calif.
SAN JUAN CAPISTRANO, Calif. – Chicago-based JLL Income Property Trust recently paid $27 million, or $671 PSF, for San Juan Medical Center.
Transactions: German pension fund makes big buy
Blackhawk on Halsted, with 93,000 square feet of medical, sells for $130 million By John B. Mugford As demand for medical properties has soared in recent years, foreign investors have joined the fray of those interested in and making strong bids on the product type.
Transactions: Gyrodyne sells MOB in Fairfax, Va., to JAG Associates LLC for $14 million
FAIRFAX, Va. – St. James, N.Y.-based Gyrodyne LLC (Nasdaq: GYRO) recently sold a 57,621 square foot MOB in Fairfax for $14 million, or $243 per square foot (PSF), according to information from Real Capital Analytics (RCA) Inc.
Outpatient Projects: Brackett Flagship starting first phase of multi-phase project in Granite Falls, N.C.
GRANITE FALLS, N.C. – Charlotte, N.C.-based Brackett Flagship Properties recently started construction on the first phase of a multi-phase outpatient healthcare project it is developing in Granite Falls, about 20 minutes northwest of Charlotte.
Outpatient Projects: Design unveiled for Cleveland Clinic’s $34 million family health center in Lakewood, Ohio
LAKEWOOD, Ohio – Officials with the Cleveland Clinic recently displayed the architectural plans for a future $34 million, 62,000 square foot family health center in Lakewood, a suburb just west of Cleveland.
Outpatient Projects: MD Anderson to land near NYC
Rockefeller Group developing cancer center at the Green at Florham Park, N.J. By John B. Mugford The Big Apple area is about to get another big name in cancer care.
Outpatient Projects: University of Alabama at Birmingham plans MOB, freestanding ER in northern suburb
GARDENDALE, Ala. – According to a recent news release from the University of Alabama at Birmingham (UAB), UAB Health Services has acquired 5 acres near a Buffalo Wild Wings restaurant in Gardendale, a northern suburb of Birmingham, where it would like to build a new MOB and, maybe, a 24-hour freestanding emergency room (FER).
Inpatient Projects: New hospital in Michigan’s Upper Peninsula leaves uncertainty about the fate of the old one
MARQUETTE, Mich. – As the groundbreaking for a future replacement hospital in Marquette approached in recent months, officials with the city and UP Health System were continuing to explore the possibilities for re-purposing the current hospital campus after the new one opens.
Inpatient Projects: Memorial Hospital plans to build $120 million, 102-bed replacement hospital in York, Pa.
YORK, Pa. – Memorial Hospital plans to break ground this spring for a $120 million, four-story, 102-bed replacement hospital a in York, the Central Penn Business Journal reports.
Inpatient Projects: Rainy 2015 blamed for increase in cost of Seton’s new teaching hospital in Austin, Texas
AUSTIN, Texas – Heavy rains last year last year went a long way toward relieving a stubborn drought in the Austin area, but they are also being blamed for construction delays that added $15 million to the cost of the Seton healthcare system’s planned new teaching hospital.
