Companies & People: Washington Property Company starts $21 million MOB near an HCA hospital in Dulles, Va.
DULLES, Va. – Bethesda, Md.-based Washington Property Company (WPC) started construction in recent weeks on a future 67,000 square foot, $21 million MOB across the street from the three-year-old, 124-bed HCA StoneSprings Medical Center in Dulles, 30 miles northwest of Washington.
Companies & People: JLL Healthcare Solutions to provide facilities management for LifeCare Health Partners
DALLAS – The South Central Region Healthcare Solutions team with Jones Lang LaSalle (NYSE: JLL) has been hired by Plano, Texas-based LifeCare Health Partners to provide an integrated facilities management program across the provider’s 19 freestanding and “hospital-in-hospital” facilities in nine states.
Companies & People: Landmark Healthcare Facilities opens $21.5 million MOB on heart and lung campus in N.J.
PEMBERTON TOWNSHIP, N.J. – After analyzing the local market to determine what healthcare services were needed, Milwaukee-based Landmark Healthcare Facilities LLC recently opened a new multi-tenant, 60,000 square foot MOB in the Browns Mills section of Pemberton Township, 40 miles east of Philadelphia.
Companies & People: Scripps Health gains approval for MOB in Oceanside, Calif., in the backyard of a rival hospital
OCEANSIDE, Calif. – Oceanside’s Planning Commission has approved a three-story, 85,000 square foot MOB to be occupied by San Diego Scripps Health.
Companies & People: Phoenix team with Marcus & Millichap brokers six MOB sales in first four months of 2018
PHOENIX – A Phoenix-area team with Calabasas, Calif.-based Marcus & Millichap (NYSE: MMI) found plenty of success selling net-leased MOBs in the first four months of 2018.
Companies & People: Colliers completes HSRE investment
CRE firm closes on acquisition of 75 percent niche investor Harrison Street By Murray W. Wolf Just in case you missed it because the news broke on the day after the Fourth of July, global commercial real estate (CRE) services firm Colliers International Group Inc. (Nasdaq and TSX: CIGI) completed its previously announced strategic investment […]
Companies & People: As it expands into new area, Crown Tenants Advisors hires a new managing director
ATLANTA – In announcing an expansion into Alabama and the Florida Panhandle, Atlanta-based Crown Tenant Advisors, a boutique firm focused on providing HRE services, has hired a new managing director.
Companies & People: Five questions for Tag Birge
As Cornerstone reaches a milestone, he discusses its unique business model By John B. Mugford In the medical office building (MOB) sector, the yearly dollar volume of facility sales has grown quite dramatically during the past two decades, hitting an all-time high of more than $12 billion in 2017, according to real estate research firm […]
Companies & People: Cushman & Wakefield hires Shane Funston as part of its Healthcare Advisory Group
PHILADELPHIA – Chicago-based Cushman & Wakefield Inc. recently named Shane Funston as a senior director of its Commercial Brokerage and Healthcare Advisory groups.
Companies & People: Sarasota (Fla.) Memorial receives one of two CONs for new hospital near Venice, Fla.
VENICE, Fla. – Sarasota, Fla.-based Sarasota Memorial Hospital (SMH) finally received the Certificate of Need (CON) it thought it had received in 2016, allowing the system to move forward with a 90-bed, $225 million hospital about 20 miles to the south in Venice.
Companies & People: McCarthy completes work on $73M project including new inpatient space in Crystal City, Mo.
CRYSTAL CITY, Mo. – St. Louis-based McCarthy in recent weeks completed construction of a new three-story, 120,000 square foot patient building on the campus of Mercy Hospital Jefferson in Crystal City, 30 miles south of St. Louis.
News Release: Construction Underway for New Medical Office at 121 Vision Park; Pre-Leasing
The Woodlands, Texas (August 17, 2018) – Construction is well underway for the new 121 Vision Park Medical Office Building at 121 Vision Park Boulevard in Shenandoah, Texas. The 58,000 square-foot, three-story Class A medical office building is designed by Zeigler Cooper Architects and is being constructed by Structura Inc. with completion anticipated by the […]
Thought Leaders: Revista Releases Mid Year Transactions Report
By Hilda Martin The Mid Year Revista transactions report has been released and is available to subscribers. Some highlights: $19.1B in hospitals and MOBs traded in the last 12 months – down somewhat from this time last year Average MOB cap rates increased to 6.4 from 6.1, although many trades are still in the 5′s […]
News Release: New Hires Strengthen Ackerman & Co.’s Healthcare Real Estate Division
Brett Buchwald is hired as vice president, medical office investment sales; Larry Jarema rejoins the firm as senior vice president, medical office leasing. Atlanta, GA, August 23, 2018 /24-7 Press Release/ — Continuing the expansion of its healthcare services platform, Ackerman & Co. has hired Brett Buchwald as a vice president specializing in medical […]
News Release: Nationwide portfolio of medical office buildings finds buyer
JLL arranges sale of 10 MOBs in six states to Everest Healthcare Properties BOSTON, August 23, 2018 – JLL’s Capital Markets, Healthcare experts have arranged the sale of a 10-building medical office portfolio on behalf of Jupiter, Florida-based developer Rendina Healthcare Real Estate. The buyer was Everest Healthcare Properties LLC, a healthcare real estate investment manager based […]
