News Release: Meridian Purchases Vacant Parcel in Modesto to Build 11,250 SF Medical Out-Patient Clinic; This transaction marks Meridian’s 10th acquisition in 24 months
This transaction marks Meridian’s 10th acquisition in 24 months. Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce the purchase of 1328 Coffee Road in Modesto, California, marking its second acquisition of 2018, and 10th acquisition in 24 months. The site consists of a vacant 39,204-square-foot parcel where Meridian will […]
News Release: Just Sold | Medical Office Building | Santa Clarita, CA
Canyon Medical Plaza 27141 Hidaway Avenue, Santa Clarita JUST SOLD PROPERTY TYPE MEDICAL OFFICE In-place CAP Rate 2.9% Sold Price $3,250,000 Total GLA 19,396 SF Canyon Medical Plaza is a medical office building totaling ±19,396 square feet, situated on two separate APN’s on approximately 1 Acre (±43,335 Square Feet) of land located in the city […]
News Release: HFF announces sale and financing of Lonza Viral Therapy Facility in Pearland, Texas
HFF announces the sale and acquisition financing of the Lonza Viral Therapy Facility, a, 276,770-square-foot biotechnology facility in Pearland, Texas. The HFF team represented the seller, Pinchal & Co, and procured the buyer, Zeller Realty Group (ZRG). Additionally, HFF worked on behalf of ZRG to secure the fixed-rate acquisition loan through Bank of Texas. Completed […]
News Release: Seniors Housing Occupancy Rate Falls to Six-Year Low of 88.3% in First Quarter
Assisted Living Occupancy Rate Slips to a New Low, While Independent Living Occupancy Rate Remains Above 90% The occupancy rate for seniors housing properties averaged 88.3% in the first quarter of 2018 down 0.5 percentage point from the prior quarter and down 0.9 percentage point from year-earlier levels. This placed occupancy 1.4 percentage points above its […]
News Release: Industry Veteran Shane Seitz Joins CBRE’s Healthcare Capital Markets
CBRE announced the addition of Shane Seitz to its Healthcare Capital Markets team as a Senior Vice President. Based in Denver, Mr. Seitz will join Chris Bodnar and Lee Asher, Vice Chairmen of the company, to focus on debt and equity structuring for its healthcare and life sciences clients. The addition of Mr. Seitz significantly […]
News Release: Announcing a New Hospital for Ave Maria, Immokalee (Fla.) and the surrounding communities!
Braden Hospital Update April 11, 2018 Ave Maria, Fla. — We are pleased to announce that the Certificate of Need (CON) application for the Braden Hospital was submitted today in Tallahassee to the State of Florida. It included 200 pages of hard facts documenting the specific medical needs of our community, well over 650 individual […]
News Release: Elaine J. Wold Makes Transformational Gift in Support of Boca Raton Regional Hospital Initiative
APRIL 11, 2018 BOCA RATON, FL – April 11, 2018 – Boca Raton Regional Hospital (BRRH) has received a transformative $25 million gift from Elaine J. Wold and the Bay Branch Foundation, directed to the Hospital’s expansion and renovation initiative. This commitment will name a new seven-story facility the Gloria Drummond Patient Tower to be built […]
Reduced Price | 39-Unit Senior Living Asset | Springfield, OR | 7.25% Cap | ~12 Year Lease Term
Radiant Senior Living, Sweetbriar Villa, 6135 E St Springfield, Oregon 97478 Cap. Rate: 7.25% Price: $8,100,000 Building SF: 17,738 Lot Size: 2.97 Acres Year Built: 2001 (renovated) Status: Available Notes: ~12-Years Remaining | Absolute NNN Lease Investment Summary Existing Asset class healthcare (senior living) Est. Annual rent $587,378 Capitalization rate 7.25% Purchase price $8,100,000 Est. […]
News Release: Caddis and Invesco Real Estate form JV to acquire core healthcare real estate assets
Invesco’s partnership with Caddis Acquisition Fund I will enable the JV growth of up to $1 billion in assets during the next three to five years DALLAS and ATLANTA, April 11, 2018 – Invesco Real Estate (Invesco), a global real estate investment manager, and Caddis™, a national healthcare real estate firm based in Dallas, have […]
Class-A, 17-Property Medical Office Portfolio Investment Opportunity Across 9 States
Offers Requested By Wednesday, April 25th, 2018 – 5:00 Pm EDT The Offering CBRE’s U.S. Healthcare Capital Markets Group is pleased to exclusively offer the opportunity to acquire The MMRE Portfolio (the “Portfolio” or alternatively, the “Properties”). The Portfolio consists of seventeen (17) medical office buildings located in nine (9) states across the country, including […]
News Release: UAB closes on Hoover property for new medical office building
UAB will build a 39,000-square-foot medical facility to house a variety of medical services. The University of Alabama at Birmingham Health System has closed on the property in the Stadium Trace Village development for a new medical office building serving residents of Hoover and southwest Jefferson County. UAB will build a 39,000-square-foot medical facility to […]
For Sale: Elliott Bay Healthcare Portfolio | 1,020,000 RSF
Elliott Bay Healthcare Portfolio JLL is pleased to offer for sale a premier portfolio of 91 single-tenants, net lease healthcare properties with 1.02 million rentable square feet associated with leading health system and best-in-class dialysis providers. The multi-state portfolio is 100% occupied and backed by 91% investment grade credit tenancy or NYSE public companies with […]
News Release: Just Closed: Four Medical Office Buildings in Tampa, Florida
Just closed: Tampa Physician Practice Portfolio 4 Medical Office Buildings The JLL Healthcare Capital Markets Group is pleased to announce the sale of the Tampa physician practice portfolio consisting of four medical office buildings totaling 33,389 rentable square feet in the Tampa, Florida metro. Each of the properties is operated and leased by a leading independent, multi-specialty physician […]
New Listing: ±55,662 SF Ideal Owner/User Or Value-Add Investment Opportunity
Arizona Professional Plaza For Sale – Ideal Medical/Office Owner/User or Value-Add Investment Opportunity Avison Young, as Exclusive Adviser, is pleased to present the opportunity to acquire Arizona Professional Plaza. The property is offered at a price significantly below replacement cost, while providing an excellent future upside value creation for an owner-user, investor or developer. This […]
News Release: HFF announces $16.285M sale of 8 condominium units in Southern California medical office building
HFF announces the $16.285 million sales of eight fully leased condominium units totaling 40,027 square feet within a Class A medical office building in Rancho Mirage, California. The HFF team marketed the units on behalf of five separate sellers. Milwaukee-based Hammes Partners purchased the assets in an off-market, sale-leaseback transaction. Completed in 2008, the majority […]