News Release: ALTO’s 27th Exit: ALTO Real Estate Funds and Milan Capital Management Sell a Medical Office Building in San Diego, CA for $17 Million
The partners doubled the equity invested in the transaction July 13, 2020 09:31 AM Eastern Daylight Time SAN DIEGO–(BUSINESS WIRE)–ALTO Real Estate Fund and Milan Capital Management have sold Pomerado Professional Plaza – a medical clinic complex in a suburb of San Diego, CA, USA – for approx. $17 million, representing a 5.8% cap rate. […]
News Release: Sr. housing occupancy hits all-time low
Senior housing occupancy decreases sharply in second quarter due to COVID-19 NIC MAP® Data Service shows largest quarterly decline since reporting began in 2005 ANNAPOLIS, Md. (July 9, 2020)—Senior housing occupancy fell 2.8 percentage points in the second quarter of 2020 from 87.7 percent to 84.9 percent, according to new data from NIC MAP® Data Service (NIC MAP) provided […]
News Release: Mag Mile Capital Completes $2.85 Million in Loans in North Carolina
CHICAGO – Mag Mile Capital is pleased to announce that the firm’s Vice President Matt Weilgus has completed two loans totaling $2,850,000 for a repeat client, a private property investor. “These are the third and fourth loans completed for this borrower, through a 1031 exchange, and with this same lender,” said Weilgus. “Despite the logistical […]
News Release: Recent Sale | ±27.4 acre Medical Campus Development Folsom Rach, CA)
RECENT SALE Folsom Ranch Future Medical Campus Development CommonSpirit Health (formerly San Francisco-based Dignity Health) acquired a 27.4 acre site in the growing Folsom Ranch development in the Sacramento, CA suburb. There will be 11,000 new homes in Folsom Ranch at full build out. CommonSpirit Health plans on building a new medical campus on the […]
News Release: Walgreens and VillageMD to open 500 to 700 full-service doctor offices within next five years in a major industry first
JULY 08, 2020 Unprecedented Large-Scale Rollout Delivers First-Rate Healthcare to Patients, with Primary Care Physicians and Pharmacists Co-Located at Stores in an Integrated Model DEERFIELD, Ill. & CHICAGO–(BUSINESS WIRE)– Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and VillageMD announced today that Walgreens will be the first national pharmacy chain to offer full-service doctor offices co-located at […]
News Release: Just Closed – Sonic Healthcare
JUST CLOSED SONIC HEALTHCARE AIEA, HI Sale Date: 6/29/20 Building Size: 81 ,569 SF Occupancy: 100% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Sonic Healthcare’s facility at 99-193 Aiea Heights (the “Property”), located in Aiea, Hawaii. Lee Asher and Chris Bodnar partnered with Matthew Bittick from CBRE’s Hawaii Capital Markets Team, Will […]
Companies: Cornerstone’s latest investment: four MOBs for $30.5M
Greenville, S.C., purchase closes its fifth fund, through which it invested $59.9 million By John B. Mugford GREENVILLE, S.C. — Ever as the COVID-19 pandemic has battered the country, the economy and health systems, a few investors involved in the medical office building (MOB) space have stepped up and remained quite active in making acquisitions. […]
News Release: WB Development Partners and New Era Companies Break Ground on a New Inpatient Rehabilitation Hospital in Shreveport, Louisiana
Nobis Rehabilitation Partners Will Manage the Operations of the Inpatient Rehab Hospital DALLAS (PRWEB) JULY 07, 2020 WB Development Partners and New Era Companies purchased land at 1451 Fern Circle, Shreveport, LA, and will commence construction of a 40-bed inpatient rehab hospital. The patients with debilitating illnesses and injuries such as stroke and brain injury, […]
News Release: Anchor Health Properties Acquires Phase II MOB Creating A Strategic Outpatient Campus
FOR IMMEDIATE RELEASE July 7, 2020 (Media, PA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, has recently acquired the two-story, 60,600 square foot Phase II Prisma Health and Internal Medicine Associates (“IMA”) Medical Office Building in Greenville, South Carolina. Anchor acquired […]
News Release: Cushman & Wakefield Facilitates $15.2M MOB Sale
For Immediate Release Cushman & Wakefield Facilitates $15.2M Sale of Pocono Ambulatory Surgery Center and Medical Office Building Fully Leased MOB in the Heart of the Poconos Attracts 1031 Investor Stroudsburg, Pennsylvania, July 7, 2020 – Cushman & Wakefield announced today that a multi-market healthcare investment sales team has closed the $15.2 million sale of […]
News Release: Newmark Knight Frank Arranges 28-Acre Land Sale to Dignity Health at Folsom Ranch Corporate Center
FOR IMMEDIATE RELEASE Sacramento, CA (July 6, 2020) — Newmark Knight Frank (“NKF”) has completed a 28-acre land sale to Dignity Health at the Folsom Ranch Corporate Center in California’s Sacramento region for an undisclosed amount. This transaction kicks off the Folsom Ranch Corporate Center, a 240-acre developable land for mixed-use commercial space. Dignity Health […]
News Release: NKF Completes $3.5 Million Sale of 300 East Osborn
FOR IMMEDIATE RELEASE Phoenix, AZ (July 6, 2020) — Newmark Knight Frank (NKF) announces the $3.5 million sale of 300 East Osborn in Phoenix, Arizona. NKF Managing Directors Trisha Talbot and Kathleen Morgan represented the seller, Osborn Physician Properties, LLC, in the sale of the 19,615-square-foot property to Wentworth Property Company. The 100%-leased, multi-tenant property […]
News Release: Penn Highlands Brookville (PA) Opens Medical Office Building
July 06, 2020 | Penn Highlands Brookville The new Penn Highlands Brookville Medical Office Building at 88 Hospital Road on the Penn Highlands Brookville hospital campus. As part of the Penn Highlands Healthcare Master Facilities Plan (MFP) launched in 2018, Penn Highlands has announced that construction is complete and providers are now seeing patients at the Penn […]
Thought Leaders: GHS Pulse: Post-COVID-19 Provider Strategies
Global healthcare Services Newmark Knight Frank The Pulse: A Healthcare Real Estate Newsletter Over the past few months, health systems and independent practices alike have experienced financial losses due to the COVID-19 pandemic. In this special report, our Global Healthcare Services team outlines specific data points that illustrate the impact of the pandemic on independent […]
News Release: Cornerstone Companies, Inc. MOB Fund V Spends $59.9 Million to Acquire 9 Medical Properties in Six States
Cornerstone has acquired 9 healthcare real estate properties in six states totaling more than 300,000 square feet. The properties were acquired for $59.9 million by Cornerstone MOB Fund V, a private equity fund focused solely on medical real estate. Cornerstone is the fund’s general partner. The Fund V portfolio assets include: The Eye Institute of […]
