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Photo courtesy of the FDA

Industry Pulse: Keeping an eye on the coronavirus effect

HRE sector professionals not yet ready to comment on possible market pause NATIONWIDE — Concerns over the coronavirus, or COVID-19, coupled with falling oil prices, have had an unmistakable impact on global financial markets. Last week (March 2-6), stocks suffered their worst weekly decline since the 2008 financial crisis, and the Dow Jones Industrial Average (DJIA) plunged […]

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News Release: NexCore Group Breaks Ground on 20,000 s.f. ASC for Northwest Healthcare and CHS in Tucson, Ariz.

FOR IMMEDIATE RELEASE The replacement ASC is located on the Pima Medical Institute campus in Tucson TUCSON, Ariz., and DENVER, March 11, 2020 – National healthcare real estate developer NexCore Group has broken ground in Tucson for an ambulatory surgery center (ASC) it is developing for Northwest Healthcare and Community Health Systems (CHS). The one-story, […]

News Release: Catalyst Acquires Free-Standing Medical Office Building in Spring Hill, Tennessee.

News Release: Catalyst Acquires Free-Standing Medical Office Building in Spring Hill, Tennessee.

Pensacola, Florida (March 10, 2020) Catalyst Healthcare Real Estate (“Catalyst HRE”), a national healthcare real estate developer, announces the acquisition of a 22,279 square foot free-standing medical office building in Spring Hill, Tennessee. Vanderbilt Health and Benchmark Physical Therapy currently lease the acquired medical office building in a densely populated residential area. Catalyst looks forward […]

News Release: Leopardo Breaks Ground on a 50,000-SF Medical Office Building for DuPage Medical Group

News Release: Leopardo Breaks Ground on a 50,000-SF Medical Office Building for DuPage Medical Group

MARCH 10, 2020 Leopardo recently broke ground on a 50,000-square-foot medical office building in Westmont, Illinois for DuPage Medical Group (DMG). This new building is another in a long history of collaboration between Leopardo and the largest independent multi-specialty physician group in Illinois, coming on the heels of a 54,000-square-foot renovation of what opened as DMG’s first […]

Transactions: 2019 MOB sales exceed $11 billion for fifth straight year

Transactions: 2019 MOB sales exceed $11 billion for fifth straight year

Volume confirmed by both Revista and RCA; cap rates remained in the mid-6% range By John B. Mugford Whether the coronavirus and its potential economic fallout will result in a pause in the medical office building (MOB) sales market in 2020 in pure speculation at this point. But what is certain is that 2019 turned […]

Companies & People: Shawn Janus excited about new role

Companies & People: Shawn Janus excited about new role

New leader of the Colliers healthcare group is focusing on branding, business development, recruiting and providing his team with the best tools By John B. Mugford There are good reasons why Shawn Janus is one of the better-known, most-respected professionals involved in the healthcare real estate (HRE) space. For one thing, Mr. Janus has compiled […]

News Release: Construction Begins on New Experience Senior Living Development and Civitas Senior Living Community in North Port, Florida

News Release: Construction Begins on New Experience Senior Living Development and Civitas Senior Living Community in North Port, Florida

NEWS PROVIDED BY Civitas Senior Living  Mar 10, 2020, 08:00 ET FORT WORTH, Texas, March 10, 2020 /PRNewswire/ — Construction has begun on Civitas Senior Living and Experience Senior Living Development’s latest collaboration and joint project, The Gallery at North Port. The new senior living community is being built at 1322 N Main St. in North Port, Florida. “This is our […]

News Release: St. James Hospital Cuts Ribbon in Anticipation of March 17 Grand Opening

News Release: St. James Hospital Cuts Ribbon in Anticipation of March 17 Grand Opening

March 6, 2020 — Officials from New York State, UR Medicine and St. James Hospital gathered Friday morning to cut the ribbon on the new, 87,000-square-foot hospital. Located at 7329 Seneca Rd. N. in Hornell, the new facility is nearly complete and will open for business March 17. The public was invited to an open house […]

News Release: Avison Young negotiates sale of 60,231-SF McLean County Orthopedics facility in Illinois

News Release: Avison Young negotiates sale of 60,231-SF McLean County Orthopedics facility in Illinois

Hammes Partners buys asset as sale leaseback March 4, 2020 — Chicago, IL — Avison Young announced today that it negotiated the sale of a 60,231-square-foot (sf)  Class A medical office building at 1111 Trinity Lane in Bloomington, IL.   Hammes Partners was the buyer. The seller, McLean County Orthopedics, will lease the building back on a long term […]

News Release: New Era Partners Expands its Premier Healthcare Facility Portfolio

News Release: New Era Partners Expands its Premier Healthcare Facility Portfolio

Grapevine, Texas – March 4, 2020 – New Era Partners today announced the acquisition of a hospital with attached medical office in Louisiana and the development of multiple healthcare assets in Texas and Indiana. These assets include 3 behavioral hospitals that were acquired or developed for Oceans Healthcare, based in Plano, Texas. They also include […]

News Release: NexCore Group Breaks Ground on Approximately 61,000 s.f. Post-Acute Care Center of Excellence in Tucson, Ariz.

News Release: NexCore Group Breaks Ground on Approximately 61,000 s.f. Post-Acute Care Center of Excellence in Tucson, Ariz.

The Northwest Healthcare and CHS facility will better serve patients and reduce hospital readmissions Top: The new, approximately 61,000 s.f. Northwest Transitions is being developed on the Northwest Medical Center campus, 6200 N. La Cholla Blvd. in Tucson. Bottom: Executives from Northwest Medical Center, CHS and NexCore Group were on hand Feb. 11 for the […]

News Release: Gantry Acquires Norris, Beggs & Simpson’s Mortgage Banking Production and Servicing Platform in Portland, OR and Seattle, WA

News Release: Gantry Acquires Norris, Beggs & Simpson’s Mortgage Banking Production and Servicing Platform in Portland, OR and Seattle, WA

Gantry, the nation’s largest independently-owned commercial mortgage banking company and formerly Newmark Realty Capital, Inc., completed the acquisition of Norris, Beggs & Simpson’s commercial real estate mortgage banking group, which includes production and servicing offices in Portland, OR and Seattle, WA. • Gantry Welcomes Norris, Beggs & Simpson’s (NBS) Commercial Real Estate Mortgage Banking Team; […]

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Feature Story: What’s an investor to do in today’s market?

While keeping a wary eye on the coronavirus, InterFace HRE West panelists discuss strategy in a highly competitive, low-cap rate environment By John B. Mugford Some believe that the potential impact of the coronavirus has been overblown by the news media. Yet any prudent business person is still watching the situation closely and trying to […]

News Release: Ventas Successfully Completes Initial Closing of Perpetual Life Vehicle Targeting Life Science, Medical Office and Senior Housing Real Estate

News Release: Ventas Successfully Completes Initial Closing of Perpetual Life Vehicle Targeting Life Science, Medical Office and Senior Housing Real Estate

March 03, 2020 08:33 AM Eastern Standard Time CHICAGO — (BUSINESS WIRE) — Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”), today announced that it successfully completed the initial closing of the previously disclosed Ventas Life Science and Healthcare Real Estate Fund, L.P. (the “Fund”), a perpetual life vehicle that focuses on investments in core […]

News Release: NKF Orchestrates $9M Sale of 53,000SF Scottsdale Medical Pavilion

News Release: NKF Orchestrates $9M Sale of 53,000SF Scottsdale Medical Pavilion

FOR IMMEDIATE RELEASE Newmark Knight Frank Orchestrates $9.18 Million Sale of 53,000 SF Scottsdale Medical Pavilion Phoenix, AZ (March 2, 2020) — Newmark Knight Frank (NKF) announces the sale of Scottsdale Medical Pavilion located in Old Town Scottsdale. The 53,157-square-foot, three-story, multi-tenant medical office building sold for $9.18 million or $172.70 per square foot. Located […]