News Release: Medical Center of Tomball (Texas) sells to new investor
JLL Capital Markets assists in sale of a Class A, medical office building in Tomball, Texas DALLAS, June 21, 2023 – JLL Capital Markets announced today that it arranged the sale of Medical Center of Tomball, a newly constructed, Class A medical office building totaling 61,660 square feet in the northern Houston suburb of Tomball, […]
News Release: JLL Capital Markets arranges the sale of the Methodist Southlake Medical Office Building
DALLAS, June 21, 2023 – JLL Capital Markets announced today that it arranged the sale of the Methodist Southlake Medical Office Building, a Class A, on-campus medical office property totaling 82,238 square feet in Southlake, Texas, one of Dallas-Fort Worth’s most affluent suburbs. JLL represented the seller, Southlake Texas Medical Building I, LP, a partnership […]
News Release: Davis holds grand opening for 16,147-square-foot medical office building in Wayzata, Minn.
The Minneapolis-based healthcare real estate developer replaced a former office building in the downtown area with a state-of-the-art, Class A healthcare facility WAYZATA and MINNEAPOLIS, Minn., June 21, 2023 – Officials from Minneapolis-based Davis held a grand opening ceremony June 15 to celebrate the completion of the 16,147-square-foot, Class A Wayzata Specialty Center. Tailwind Pediatric […]
News Release: Elliott Bay Acquires MOB in Cedar Falls, IA
SEATTLE — A partnership of Seattle-based Elliott Bay Capital Trust (“Elliott Bay”) and Pantheon has announced the acquisition of a medical office building in Cedar Falls, IA leased to a leading health system providing specialty services. The property is 14,434 square feet, 100% leased to UnityPoint Health and provides occupational health services including lab, imaging, […]
Feature Story: Are MOB sales steadying, rising?
It’s a tough market, but InterFace Carolinas conference panelists are optimistic By John B. Mugford Despite the fact that the national medical office building (MOB) sales volume in the first quarter (Q1) marked the lowest quarterly volume in a decade or so, there are signs – albeit anecdotal – that momentum is picking up. “I […]
Thought Leaders: CBRE Q1 2023 National Healthcare & Life Sciences Real Estate Investor Update
Q1 2023 National Healthcare & Life Sciences Real Estate Investor Update Download the Real Estate Investor Update Key Takeaways from the Q1 2023 Issue: Medical Office • MOB sales totaled $1.7 billion in Q1 2023, a 74% decrease from $6.4 billion of transaction volume in Q1 2022, the lowest first quarter for medical office sales […]
Transactions: Montecito remains bullish on MOBs
Firm recently acquired seven MOBs totaling more than 239,000 s.f. in six states By John B. Mugford A slow medical office building (MOB) sales market during the past six months or so has not slowed one of the sector’s most prolific private investors. Nashville, Tenn.-based Montecito Medical Real Estate has acquired 68 MOBs for a […]
News Release: Alexandria Real Estate Equities, Inc.’s Unique, Highly Sought-After Labspace Assets in High-Barrier-to-Entry Markets Continue to Generate Strong Financial Returns
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 20 Jun, 2023, 08:30 ET Alexandria completes sale of non-core Labspace® assets in Greater Boston market Alexandria is at the vanguard and heart of the over $5 trillion life science industry, which is poised for continued secular growth Alexandria’s tenants rely on the company’s 24/7, high-intensity mission-critical life […]
News Release: Montecito Medical Acquires Medical Office Property in Gainesville, GA
FOR IMMEDIATE RELEASE June 19, 2023 Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 20,400 square-foot medical office property in Gainesville, GA. The building is 100% occupied and tenanted under long-term lease by three provider groups that include a nationally renowned imaging group, the region’s dominant physical […]
News Release: Montecito Medical Acquires Surgery Center Property in Upstate New York
FOR IMMEDIATE RELEASE June 20, 2023 Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a surgery center property in Halfmoon, New York. The 10,000 square-foot building is tenanted by Northway Surgery and Pain Management Center. The group’s physicians opted to retain 30% ownership in the property through Montecito’s […]
News Release: Montecito Medical Acquires Medical Office Property in California
FOR IMMEDIATE RELEASE June 19, 2023 Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 32,300-square-foot medical office property in Visalia, California. The multi-story building is 100% leased by Kaweah Health. The facility is situated on the campus of the 581-bed Kaweah Delta Medical Center, the area’s largest […]
News Release: Montecito Medical Acquires Two Medical Properties in Greater NYC Area
FOR IMMEDIATE RELEASE June 19, 2023 Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office properties in northern New Jersey. The fully leased buildings in Livingston and New Providence, New Jersey, offer more than 131,000 combined square feet of space. Summit Health is the anchor tenant […]
News Release: Montecito Medical Acquires Another Medical Office Property in Virginia
June 19th 2023 Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 20,724-square-foot medical office property in Harrisonburg, Virginia. The two-story building, which includes an outpatient surgical suite, is tenanted by Hess Orthopaedic Center and Sports Medicine. “We are thrilled to acquire this outstanding medical property and to enter into a […]
News Release: Montecito Medical Acquires Medical Office Property in Murray, KY
FOR IMMEDIATE RELEASE June 19, 2023 Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 24,900-square-foot medical office property in Murray, KY. Village Medical Primary Care is the anchor tenant for the property, which is 100% leased. “We are very pleased to add with this outstanding medical office […]
News Release: CBRE Arranges Full-Building Lease for Life Sciences Company in Boulder, Colorado
New supply helping to alleviate historical supply-demand imbalance in Boulder’s life sciences sector June 16, 2023 CBRE announced that CordenPharma has leased the entirety of a recently renovated life sciences property in Boulder, Colorado. The company will occupy 61,117 sq. ft. across both floors at 2300 55th Street. Blake Harris with CBRE represented the building’s […]
