News Release: JLL Income Property Trust Acquires Medical Office Buildings in San Diego
Chicago (July 3, 2019) – JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) today announced the acquisition of Genesee Plaza, a Class A, two-building medical office campus in San Diego, California. The property was acquired below its estimated replacement cost for approximately $90 million. The medical office sector […]
News Release: Coordinated Health Professional Practice Opens Hazleton Medical Office Building
Offering Comprehensive Orthopedic Services, Women’s Health, Primary Care and Walk-in Injury Care July 02, 2019 12:45 PM Eastern Daylight Time ALLENTOWN, Pa.–(BUSINESS WIRE)–Coordinated Health Professional Practice announced the opening of a new state-of-the-art medical office building at 26 Station Circle in Hazle Township. Conveniently located in Humboldt Industrial Park, the new facility features expanded orthopedic services as […]
News Release: HCA Healthcare Completes Purchase of 24 MedSpring Urgent Care Centers in Texas
Monday, July 1, 2019 3:30 pm CDT NASHVILLE, Tenn.–(BUSINESS WIRE)–HCA Healthcare (NYSE: HCA) today announced the purchase of 24 MedSpring urgent care centers from Fresenius Medical Care. The urgent care centers, located in Austin, Dallas and Houston, will be rebranded to CareNow Urgent Care, which is operated by HCA Healthcare and represents one of the […]
News Release: JLL Completes Acquisition of Leading Capital Markets Firm HFF
Acquisition significantly strengthens JLL’s Capital Markets business July 01, 2019 CHICAGO, July 1, 2019 – Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that it closed its acquisition of HFF, greatly expanding JLL’s ability to provide world-class capital markets services and expertise to its clients. HFF, regarded as one of the premier capital markets advisors […]
News Release: Flagship Healthcare Trust Acquires Little Rock Medical Office Building
NEWS RELEASE FOR IMMEDIATE RELEASE Flagship Healthcare Trust Acquires Little Rock Medical Office Building Healthcare real estate firm expands its property portfolio to Arkansas CHARLOTTE, N.C. (July 1, 2019) – Flagship Healthcare Trust (Flagship REIT), a private healthcare real estate investment trust managed by Flagship Healthcare Properties (Flagship), has announced its acquisition of the Little Rock Diagnostic […]
Thought Leaders: Acceleration in outpatient healthcare services supports investment in real estate
JLL Healthcare Capital Markets Perspective June 2019 Key points: Trends in the acceleration of outpatient care support the thesis for investment in medical office and outpatient buildings as featured in JLL’s recently released 2019 Healthcare Real Estate Outlook. Click on this link to download a copy of the 2019 Healthcare Real Estate Outlook Advances in […]
News Release: Just Sold – Medical Office Project Trades for $390 PSF in Norco, CA
Norco Medical CBRE’s Investment Properties-So Cal team is pleased to announce the sale of Norco Medical, located at 1901 Town & Country Drive in Norco, California. At a gross price of $6,250,000 ($390 PSF), the transaction reflected a year one cap rate of 6.12%. The three-tenant project totals 16,036 square feet and was 100% leased […]
News Release: Sanford, UnityPoint announce plans to join trusted brands
June 28, 2019 Sioux Falls, S.D. and Des Moines, Iowa – UnityPoint Health and Sanford Health have signed a letter of intent to explore joining their trusted brands as they seek to become the destination for personalized primary care in America’s Heartland. The decision follows considerable exploration between leadership teams from each organization. The two organizations will […]
News Release: Just Closed – Dry Creek Medical Office Building
CBRE Capital Markets | Healthcare Just Closed Dry Creek Medical Office Building Centennial, Colorado Sale Date: 6/26/2019 Property Size: 57,257 SF Occupancy: 79% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Dry Creek Medical Office Building (the “Property”), located in the affluent Denver suburb of Centennial, Colorado. Chris Bodnar, Lee Asher, […]
News Release: Just Sold – Indian River Medical Office & Apartments
Marcus & Millichap Recently Closed Indian River Medical Office & Apartments 1485 37th Street, Vero Beach, FL 32960 23,580 SF | 1.25 Acres Just Sold in Vero Beach, FL: L.J. Tsunis & Jason Hague, along with their teams, are pleased to announce the successful sale of Indian River Medical Office & Apartments in Vero Beach, […]
Feature Story: Urgent care opportunities abound
R.E. strategies for such facilities is no longer an ‘affluent suburban’ or ‘Sunbelt’ play By John B. Mugford Although some suburban markets nationwide have reached a saturation point when it comes to the number of urgent care centers (UCCs), changes in healthcare and payment systems are creating more and more opportunities in new areas throughout […]
News Release: Bear Real Estate Advisors Represents Eye Surgery Associates in Sale of South Carolina Medical Office Building for $7.35 Million
NEWS PROVIDED BY Bear Real Estate Advisors Jun 25, 2019, 11:13 ET FLORENCE, S.C., June 25, 2019 /PRNewswire/ — Bear Real Estate Advisors announced today that the national real estate investment services firm represented Dr. Sam Seltzer of Eye Surgery Associates in the sale of a nearly 20,000-square-foot medical office building in Florence, South Carolina. The property was purchased by Block Funds […]
News Release: Just Closed – Scottsdale Medical Office Portfolio
CBRE Capital Markets | Healthcare JUST CLOSED SCOTTSDALE MEDICAL OFFICE PORTFOLIO Scottsdale, Arizona Sale Date : 6/24/2019 Portfolio Size: 140,448 SF Occupancy: 90% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Scottsdale Medical Office Portfolio (the “Portfolio” or “Properties”), located in Scottsdale, Arizona. Chris Bodnar, Lee Asher, Shane Seitz, Ryan Lindsley and Sabrina Solomiany […]
Cover Story: Montecito keeps finding MOBs to its liking
From calendars and posters to condo conversions to healthcare real estate, the entrepreneurial Conk clan continues to find success By John B. Mugford The four-year span from 2015-18 can generally be described as a Golden Age for medical office building (MOB) sales, as the product type became a mainstream real estate investment and saw annual […]
Transactions: MOB sales rebound in Q2 to $3.06 billion
That total came after a slow Q1, when sales totaled $1.5 billion By John B. Mugford Prior to the start of 2019, a number of professionals involved in the medical office building (MOB) sector predicted that sales of the facility type would once again, for the fifth year in a row, be right around — […]
