Feature Story: Spring MOB sales volume fell up to 60% amid the pandemic
But NKF says this ‘buying opportunity’ might bring REITs and other investors off the sidelines By John B. Mugford During the past five years, the medical office building (MOB) sector announced its presence among the major types of commercial real estate with annual sales topping $11 billion, according to the major real estate data firms […]
News Release: Just Sold: 100% Leased, Multi-Tenant Medical Office Building (Phoenix, Ariz.)
JUST SOLD! 300 E Osborn Road, Phoenix, AZ 85012 100% Leased, Multi-Tenant Medical Office Investment Property Sale Price: $3,429,000 Sale Date: 6/19/2020 $175 Psf 19,615 Sf Generated multiple offers Newmark Knight Frank FOR INFORMATION, PLEASE CONTACT: Trisha Talbot Managing Director 602.952.3880 ttalbot@ngkf.com Kathleen Morgan Managing Director 602.952.3815 kmorgan@ngkf.com
Thought Leaders: Hilco report points to disruptive change ahead for health care real estate market
Jun 30, 2020 Hilco Global has issued a timely and relevant report examining how the COVID-19 pandemic is reshaping the configuration of critical and other care facilities, and what that is likely to mean for hospitals and the broader health care real estate market moving forward. Appraisal Considerations Shifting as COVID-19 Disrupts Health Care Delivery, […]
Thought Leaders: New AHA report: Losses deepen for hospitals & health systems
Catastrophic Financial Impact of COVID-19 Expected to Top $323 Billion in 2020 WASHINGTON — A new AHA report released today finds that the immense financial strain facing hospitals and health systems due to COVID-19 will continue through at least the end of 2020, with patient volume expected to remain well below baseline levels. The report estimates […]
News Release: IRA Capital expands Medical Office Portfolio with Pennsylvania and Florida Acquisitions
June 29, 2020 – Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of two ambulatory surgery center facilities in the Florida and Pennsylvania markets. The Pennsylvania property is leased to Pocono Ambulatory Surgery Center (“PASC”), a multi-specialty surgery center operated by Surgical Care Affiliates (“SCA”) in partnership with Lehigh […]
Thought Leaders: Patients Strongly Prefer Off-Campus Healthcare Experiences
New Independent Market Research Commissioned by Physicians Realty Trust NEWS PROVIDED BY Physicians Realty Trust Jun 29, 2020, 16:18 ET MILWAUKEE, June 29, 2020 /PRNewswire/ — In an effort to uncover critical insights into patient behavior and serve as thought leaders within the healthcare real estate industry, Physicians Realty Trust (the “Company”) commissioned an independent survey in five […]
News Release: Geisinger St. Luke’s medical office building now open
Published Jun. 29, 2020 Specialty services provide care closer to home ORWIGSBURG, Pa. – The Geisinger St. Luke’s medical office building on the Geisinger St. Luke’s Hospital campus is now open, offering additional space to continue providing care closer to home for residents of Schuylkill and Berks counties. The medical office building officially opened its doors […]
News Release: Franklin Street Brokered Financing of Physicians Medical Center in Baton Rouge, La.
PUBLISHED: JUN 24, 2020 Medical Office and Hospital Financing for $12.4MM Tampa, FL (June 16, 2020) – Franklin Street has brokered the acquisition and renovation financing of Physicians Medical Center, a hospital and medical office building located in Baton Rouge, LA. Franklin Street’s Capital Advisory team Ben Miller and Casey Siggins represented the buyer New Era Companies, in the $12.4MM […]
News Release: Just Closed – The Everett Clinic Founders Building
CBRE Capital Markets | Healthcare and Life Sciences Just Closed The Everett Clinic Founders Building Everett, WA Sale Date: 6/12/2020 Property Size: 69,169 SF Occupancy: 100% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of The Everett Clinic Founders Building (the “Property”), located in Everett, Washington. Chris Bodnar, Lee Asher, Ryan Lindsley, […]
News Release: Johnson Healthcare Real Estate Begins 101,000-Square-Foot Medical Office Building in Austin, TX
FOR IMMEDIATE RELEASE June 23, 2020 Birmingham, Ala. — Johnson Healthcare Real Estate, a Birmingham, Alabama-based development, project management, and real estate services firm, recently broke ground on a new 101,000 medical office building in Austin, Texas. The building, along with a 290-space parking garage, will be located at Lamar Boulevard and 32nd Street on the […]
Feature Story: Encouraging signs for development
InterFace webinar panelists say they’re seeing opportunities pick up again By John B. Mugford Since the onset of the COVID-19 pandemic, most health systems have been forced to put most their efforts into surviving the crisis, leaving little time to think about growing their ambulatory networks and initiating new medical office building (MOB) development projects. […]
News Release: Just Closed – Hughston Clinic Orthopaedics & Surgery Center
CBRE Healthcare Capital Markets | Healthcare JUST CLOSED HUGHSTON CLINIC ORTHOPAEDICS & SURGERY CENTER Nashville, TN Sale Date: 6/15/20 Building Size: 23,606 SF Occupancy: 100% CBRE is pleased to announce the sale of Hughston Clinic Orthopaedics & Surgery Center (the “Property”). Morgan Hillenmeyer, Roscoe High, Douglass Johnson and Nicole Filkins partnered with Lee Asher, Chris Bodnar, Ryan Lindsley, Jordan Selbiger and Sabrina […]
News Release: Concord Hospital Memorial Medical Office Building West
Published on June 22, 2020 On June 29, Concord Hospital will be cutting the ceremonial ribbon to open a new wing to its Memorial Medical Office Building, offering an efficient layout to support team-based care, enhanced exam and procedure rooms, centralized registration on each floor and a new café. The state-of-the-art Memorial Medical Office Building West […]
News Release: CBRE Announces Sale of Medical Office in Orange County to Local Exchange Buyer for $8.4 Million
Orange County, CA | June 22, 2020 The deal generated multiple offers from local investors Newport Beach, Calif. – CBRE announced the sale of a 11,499 square-foot medical office in Tustin, Calif. for $8.4 million to an unidentified local 1031-exchange buyer. CBRE’s Ian Schroeder, Melissa Ley and Allison McDuffie represented the seller, CREST Properties LLC. The infill […]
News Release: New medical office project at the Woman’s Hospital of Texas breaks ground
116,500 SF Building will be First New Medical Office on Campus in 17 Years (June 22, 2020 – Houston) – Healthpeak Properties, Inc. announces the development of a new 116,500-square-foot medical office development at 7500 Fannin St. in Houston. The building is on the campus of The Woman’s Hospital of Texas, less than a mile […]
