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.
Post-Acute & Senior Living: Company has plans for a new concept, a ‘micro CCCR,’ in St. George, Utah
A recent article by Tim Regan in Senior Housing News reports that Wilsonville, Ore.-based Avamere Family of Companies has plans for what it is calling “a micro continuing care retirement community”
Companies & People: AW Property Co. receives $46 million loan from Capital One; launches new MOB fund
North Palm Beach-based AW Property Co. recently received a $46 million loan for the refinancing of a portfolio of seven MOBs.
Outpatient Projects: Illinois approves $25.3 million MOB for OSF St. Joseph Medical Center in Bloomington, Ill.
The Illinois Health Facilities and Services Review Board (IHFSRB) voted unanimously in January to approve an application from OSF
Transactions: Healthcare Realty Trust pays $26.6 million for 99,526 square foot MOB near Chicago
Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) recently acquired the 99,526 square foot Doctors Office Building III
Post-Acute & Senior Living: While still low, senior housing occupancy rate holds steady in Q4 at 88.8 percent
The occupancy rate for seniors housing properties nationwide averaged 88.8 percent in the fourth quarter (Q4) of 2017, according to statistics released in January by the National Investment Center
Outpatient Projects: Christ Hospital Health Network opens $62 million MOB in Cincinnati suburbs
Under construction since 2015, the Christ Hospital Health Network’s new $62 million, 119,616 square foot outpatient medical
Transactions: After increasing MOB’s occupancy, partnership sells facility in Fredericksburg, Va.
In a “value add” opportunity, a partnership of Charlotte, N.C.-based Flagship Healthcare Properties and New York-based Drake Real Estate Partners acquired the off campus, 72,255 square foot Lee’s