News Release: Ventas Names Peter J. Bulgarelli EVP Office and President & CEO Lillibridge Healthcare Services
Proven Executive Brings More Than 30 Years’ Experience to the Role Strong Track Record of Success across Real Estate, Healthcare, Life Sciences and Higher Education Ventas, Inc. (NYSE: VTR) has named Peter J. Bulgarelli Executive Vice President of Office and President and Chief Executive Officer of Lillibridge Healthcare Services, Inc. (“LHS”) to lead its integrated 25 […]
Outpatient Projects: A new MOB for a growing campus
Plaza Companies breaks ground in Phoenix for another MOB on Banner campus By John B. Mugford When Peoria, Ariz.-based Plaza Companies landed two new leases totaling 23,000 square feet of space in late 2017, the company moved forward with construction on a second medical office building (MOB) on the campus of Banner Estrella Medical […]
Industry Pulse: New HRE Report Says Uncertainty Remains
But fundamentals still strong, Cushman & Wakefield says: The past six months “have brought dramatic changes to both healthcare regulations and policy-making, all of which port end significant challenges for healthcare providers and their real estate partners in the coming months.”
Companies & People: Linda Shoemaker Haskins leads Meridian’s Northern California asset management team
San Ramon-based Meridian, which develops and owns medical and general office real estate, recently hired Linda Shoemaker Haskins as VP, asset management. Previously a senior property manager for
Transactions: Caddis acquires MOBs in Texas and Georgia for its newly closed investment fund
Dallas-based Caddis recently acquired three MOBs with more than 120,000 square feet of space, adding them to its first investment
Industry Pulse: Who was America’s Top MOB Developer last year?
Surprise! It was Kaiser Permanente with 15 new MOBs for a total of 682 such facilities This month’s cover story, “Largest outpatient developers revealed,” on Page 23 reports on which third-party healthcare real estate (HRE) firms started or completed the most outpatient HRE projects last year.
Outpatient Projects: Neenan Company completes two healthcare projects, breaks ground on two others
In late 2017, Fort Collins-based The Neenan Company completed two healthcare facilities in Washington and Oregon while breaking ground on new facilities in California. The California projects are: a
Companies & People: Commercial real estate veteran Matt Bear launches his own boutique firm
Matt Bear, a commercial real estate veteran with nearly three decades of experience, recently launched his own nationally focused boutique real estate investment services firm. Bear Real Estate
Hot Property: A rare Bay Area MOB offering
Physicians Medical Center in Daly City is in an ‘extremely tight’ med office market Name: Physicians Medical Center Address: 901 Campus Drive City: Daly City, Calif. Square feet: 75,559 Stories: three In-place NOI: $1.54 million Year built: 1989 Occupancy: 92 percent Site size: 2.48 acres Brokerage: HFF Brokers: Evan Kovac, Andrew Milne and David Dokko […]
Post-Acute & Senior Living: Senior Housing Properties Trust selling four communities for a gain of $308 million
Newton-based Senior Housing Properties Trust (Nasdaq: SNH) expects to report a gain of about $308 million on the sale of four senior living communities it has owned since 1994. The unnamed
Transactions: Harrison Street pays $141.9 million for 327,160 square foot MOB in Durham, N.C.
Chicago-based Harrison Street Real Estate in recent weeks acquired the 327,160 square foot Hock Plaza I in Durham for $141.9 million, according to a transaction listing posted by Real Capital Analytics
REIT Report: HCP Inc. closes 2017 on a big note
The REIT made most of its purchases, including an MOB portfolio, during Q4 By John B. Mugford It’s long been said that commercial real estate sales pick up during the fourth quarter (Q4), as buyers and sellers alike strive to get as many transactions on the books as possible before the end of the year.
Post-Acute & Senior Living: JLL healthcare group closes on financing for PMB’s rehab hospital in Indiana
The Healthcare Capital Markets Group with Jones Lang LaSalle (NYSE: JLL) recently closed on the construction/mini-perm financing of a 44-bed inpatient rehabilitation hospital in
Companies & People: Sina Companies hires Mark Furlan to head development and marketing division
In more news from Sina Companies, the firm recently announced that former DASCO executive Mark J. Furlan has joined the firm and now leads its development and marketing division. Executive
Industry Pulse: HTA: A Different View Of MOB Development
Building the local platform is the REIT’s primary objective: As detailed in this month’s cover story “Largest outpatient developers revealed” on Page 23, Scottsdale, Ariz.-based HTA Development led the way in completed projects during the year.