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March 2017 PDF

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March 2017

March 2017

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Transactions: Cleveland-based Woodside Health adds to MOB portfolio with Florida purchase

Transactions: Cleveland-based Woodside Health adds to MOB portfolio with Florida purchase

BOYNTON BEACH, Fla. – Cleveland, Ohio-based Woodside Health LLC, an MOB investment and management company, in early 2017 added to its portfolio of more than 20 properties by acquiring a 50,684 square foot facility in Boynton Beach, in Palm Beach County.

Transactions: HTA acquires Medical Village of Tampa, a repurposed supermarket, from developer

Transactions: HTA acquires Medical Village of Tampa, a repurposed supermarket, from developer

TAMPA, Fla. – Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA), recently acquired the Medical Village of Tampa, 2333 W. Hillsborough Ave., from a local development firm.

Transactions: MOB in Redmond, Wash., acquired by individual investor for $569 per square foot

Transactions: MOB in Redmond, Wash., acquired by individual investor for $569 per square foot

REDMOND, Wash. – The 41,153 square foot Redmond Medical Center, a three-story MOB at 8301 161st St. N.E., in Redmond, recently changed hands for $23.4 million, or about $569 PSF, according to data from RCA.

Transactions: USC buys building it occupies on its in Los Angeles health campus for $111 million

LOS ANGELES – Professionals involved in MOB transactions say that while some health systems are considering selling certain outpatient facilities to third-party investors, others are, under certain circumstances, looking to acquire properties in which they are, or will be, the main or sole tenants.

Griffin-American Healthcare REIT IV recently acquired the 191,000 square foot Reno MOB, also known as the Saint Mary’s Center for Health, in Reno, Nevada, for $66.3 million. The building is on the campus of Saint Mary’s Regional Medical Center. Photo courtesy of Griffin-American Healthcare REIT IV

Transactions: Griffin-American IV bets big on Reno

REIT acquires 191,000 square foot on-campus facility for $66.3 million By John B. Mugford On its campus in Reno, Nevada, Saint Mary’s Regional Medical Center’s primary outpatient location is a six-story, 191,000 square foot medical office building (MOB) at 633 N. Arlington Ave.

The Oregon Clinic Gateway MOB in Portland is occupied by the state’s largest physician group and a major health system. The MOB, which is part of a transit-oriented development area, is being offered for sale.
Photo courtesy of CBRE

Hot Property: Oregon MOB is home to large group

Credit-rated health system also occupies facility in Portland’s Gateway area Name: Oregon Clinic Gateway MOB Address: 1111 N.E. 99th Ave. City, State: Portland, Ore. Year built: 2006 Stories: three Square feet: 101,142 Occupancy: 100 percent Avg. remaining lease: 9.7 years Brokerage: CBRE Brokers: Chris Bodnar, Lee Asher With more than 230 doctors practicing in 60 […]

Transactions: Commercial complex outside of Los Angeles sells, includes strong medical component

Transactions: Commercial complex outside of Los Angeles sells, includes strong medical component

ARCADIA, Calif. – City of Industry, Calif.-based JLJ (USA) Investment LLC recently acquired a 156,046 square foot retail, restaurant and office complex in Arcadia, near Los Angeles, for $62.1 million.

Transactions: St. Paul, Minn.-based HealthEast system acquires MOBs on two of its suburban campuses

Transactions: St. Paul, Minn.-based HealthEast system acquires MOBs on two of its suburban campuses

ST. PAUL, Minn. – St. Paul-based HealthEast, which operates four hospitals in St. Paul and its suburbs, recently acquired two MOBs on suburban campuses from Minot, N.D.-based Investors Real Estate Trust (NYSE: IRET).

Transactions: Health system in East San Gabriel Valley of California buys MOB on one of its campuses

Transactions: Health system in East San Gabriel Valley of California buys MOB on one of its campuses

WEST COVINA, Calif. – Covina, Calif.-based Citrus Valley Health Partners (CVHP), which has three hospitals in the East San Gabriel Valley, recently acquired an MOB on the campus of its Queen of the Valley Hospital in West Covina, about 20 miles east of Los Angeles.

Transactions: High-profile, large MOB in San Francisco part of Regency Centers’ REIT deal

SAN FRANCISCO – When Regency Centers Corp. (NYSE: REG) closed in early March on its $5 billion acquisition of Equity One Inc. (NYSE: EQY), more than 120 properties changed hands.

Outpatient Projects: St. Paul, Minn.-based Wellington plans MOB on city-owned land in Minneapolis

Outpatient Projects: St. Paul, Minn.-based Wellington plans MOB on city-owned land in Minneapolis

MINNEAPOLIS – St. Paul, Minn.-based Wellington Management, which was awarded the development rights for a commercial project at 2101 West Broadway in Minneapolis 2016, recently submitted plans for a two-story MOB and a 150-space parking structure.

Outpatient Projects: As construction starts on future MOB in Atlanta’s Buckhead, it is 30 percent pre-leased

Outpatient Projects: As construction starts on future MOB in Atlanta’s Buckhead, it is 30 percent pre-leased

ATLANTA – Construction has begun on a previously announced MOB in the Buckhead area of Atlanta, and the future nine-story, 120,000 square foot building is about 30 pre-leased, according to the developer on the project, Atlanta-based The Loudermilk Companies LLC.

Outpatient Projects: Trammell Crow would develop 200,000 s.f. MOB in Riverside County, Calif.

MORENO VALLEY, Calif. – Local news report in recent months indicate that Dallas-based Trammell Crow Co. has entered an agreement with Riverside County, Calif., to build a large MOB next to the county-run hospital in Moreno Valley.