Feature Story: MOB development likely to take a hit in 2021
Even so, upbeat InterFace panelists say there are opportunities out there By John B. Mugford As the COVID-19 pandemic continues, it has become clear that medical office buildings (MOBs) are one of the most resilient, most likely to survive any type of economic slowdown or national crisis product type in commercial real estate. However, one […]
News Release: Realty Trust Group Represents Cone Health in $18.5M Acquisition in Greensboro, N.C.
GREENSBORO, N.C., Oct. 20, 2020, 9 a.m. EDT — Realty Trust Group has recently brokered the $18.5 million acquisition of a 140,000 square foot commercial office building located in Greensboro’s premier office park known as Green Valley Office Park. RTG’s Adam Luttrell, Vice President of Advisory Services, represented the purchaser, Cone Health, in the transaction. […]
News Release: Just Closed – Wolf River Medical Arts Campus
CBRE Capital Markets | Healthcare and Life Sciences JUST CLOSED WOLF RIVER MEDICAL ARTS CAMPUS Germantown, TN Sale Date: 10/13/20 Portfolio Size: 78,690 SF Occupancy: 100% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Wolf River Medical Arts Campus (the “Portfolio”), located in Germantown, Tennessee. Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, […]
News Release: Montecito Medical Acquires Virginia Beach Orthopedic Medical Office
Montecito Medical Real Estate FOR IMMEDIATE RELEASE October 16th, 2020 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a medical office asset occupied by a leading orthopedic practice in Virginia Beach, VA. The building is home to the Jordan-Young Institute, the […]
News Release: Davita Kidney Care Building In Sacramento, California Acquired By Nazareth Enterprises, Inc. For $11 Million
FOR IMMEDIATE RELEASE Sacramento, Calif., October 15, 2020 – Nazareth Enterprises, Inc., a privately-held, diversified investment firm based in San Mateo, California and founded by President and CEO Mounir Kardosh, has completed the acquisition of the 14,820-square-foot DaVita Kidney Care facility at the College Square Shopping Center, a located at 8275 Bruceville Road, Sacramento, Calif. […]
News Release: Senior Housing Occupancy Reaches Record Low In Third Quarter
Pandemic’s effects on the sector continue to be evident ANNAPOLIS, Md. (October 15, 2020)—According to new data from NIC MAP® Data Service (NIC MAP) provided by the National Investment Center for Seniors Housing & Care (NIC), senior housing occupancy fell 2.6 percentage points in the third quarter of 2020, from 84.7 percent to 82.1 percent, indicating a steady decline since the outbreak of the novel coronavirus. This is the second quarter in a row […]
News Release: Bauman & Company Acquires Medical Offices On AMITA Health Campuses In Illinois
Atlanta-Based Real Estate Firm Expands Portfolio with Three-Building Acquisition ATLANTA – Bauman & Company, LLC, an Atlanta-based real estate firm specializing in acquiring, leasing and managing medical office buildings, is proud to announce their expansion into Illinois with three critically located medical office buildings in Elgin and Aurora. Two of the buildings are located on […]
News Release: Ventas Life Science and Healthcare Real Estate Fund Acquires Trophy Life Science Portfolio in South San Francisco for $1.0 Billion
Ventas Sponsored Fund Grows Assets Under Management to $1.8 Billion and Nearly Two Million Square Feet October 15, 2020 07:00 PM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today announced that the Ventas Life Science and Healthcare Real Estate Fund, L.P. (the “Fund”) has acquired a trophy life science portfolio […]
News Release: Just Closed – North Hills Health Center
CBRE Capital Markets | Healthcare and Life Sciences JUST CLOSED NORTH HILLS HEALTH CENTER Menomonee Falls, WI Sale Date: 10/8/20 Property Size: 117,899 SF Occupancy: 100% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of North Hills Health Center (the “Property”), located in Menomonee Falls, Wisconsin. Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger, […]
News Release: The Watermark at Brooklyn Heights, Luxury Community in New York City, Now Open
October 14, 2020 BROOKLYN, N.Y.—The Watermark at Brooklyn Heights, New York City’s first new luxury retirement community to open in 20 years and Brooklyn’s first ever, has welcomed its first independent living lifestyle members today. This extraordinary new senior community is a stunning, $330 million redevelopment and renovation of the beloved, iconic Leverich Towers Hotel […]
News Release: All eyes on Miccosukee and Blair Stone Roads
October 2020 Optimal Outcomes Planning ● Design ● Development Convenience and Comfort for Patients in Tallahassee, FL One of the best and most visible commercial corners in Tallahassee will be the new home for Florida Cancer Specialists & Research Institute coming March 2021, bringing two existing centers under one larger roof. The 23,000 SF cancer […]
Transactions: IRA Capital lands a significant MOB purchase near Milwaukee
Investor pays about $60M for two-building complex occupied by Froedtert By John B. Mugford MENOMONEE FALLS, Wis. – Irvine, Calif.-based IRA Capital, a private real estate investor making quite a splash in medical office building (MOB) acquisitions in recent years, has made a significant purchase in Menomonee Falls, a suburb of Milwaukee. In an exclusive […]
News Release: Healthcare Realty Trust Acquires Medical Building for $14M in Orange County
For Immediate Release Cushman & Wakefield’s Healthcare Capital Markets Team Represents Healthcare Realty Trust in Acquiring Medical Office Building for $14 Million in Orange County Recently renovated property trades in off-market transaction, shows strength of MOB sector ORANGE, Calif., October 13, 2020 – Cushman & Wakefield today announced the firm has brokered the sale of […]
News Release: SRS Announces $13.5 Million Sale of Two NY Medical Assets
SRS’ National Net Lease Group Announces $13.5 Million Portfolio Sale of Two Single-Tenant Assets Occupied by Associated Medical Professionals New York, NY (October 13, 2020) – SRS Real Estate Partners’ National Net Lease Group has announced the $13.5 million portfolio sale of two single-tenant medical office properties occupied by Associated Medical Professionals (AMP) in Syracuse, […]
News Release: Just Closed – West Texas Medical Associates MOB, San Angelo, Texas
JLL Investment Advisory & Debt Placement Healthcare Capital Markets The JLL Healthcare Capital Markets Group is pleased to announce the sale of the West Texas Medical Associates MOB in San Angelo, Texas. The property totals 59,466 square feet and is 100 percent occupied by two tenants, the region’s dominant independent multi-specialty physician group, West Texas Medical […]