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Companies & People: Todd J. Meredith steps down
Healthcare Realty became the largest MOB REIT under his leadership By John B. Mugford The nation’s largest owner of medical outpatient buildings (MOBs) is looking for a new leader. On Nov. 12, Healthcare Realty Trust Inc. (NYSE: HR) announced the resignation of Todd J. Meredith, the president and CEO since 2016 and a 23-year employee […]
Transactions: HR continues aggressive asset sales
Healthcare Realty strikes several more deals as it pushes portfolio optimization By Murray W. Wolf Although medical outpatient building (MOB) sales volume has been historically slow during the past couple of years, the market has been enlivened by Healthcare Realty Trust (NYSE: HR), which has been pursuing an aggressive strategy of asset sales and joint […]
News Release: Cushman & Wakefield Advises Sale of Premier Medical Campus in Boulder County, CO
For Immediate Release State-of-the-art 104,438 SF medical outpatient building anchored by University of Colorado Medicine LONGMONT, Colo. – January 21, 2025 – Cushman & Wakefield announced the firm has brokered the sale of Longmont Medical Campus, a premier 104,438-square-foot medical outpatient building located at 1551 Professional Lane in Longmont (Denver), Colorado. The two-story multi-tenant facility […]
Feature Story: Coming out of the malaise
Some difficulties could linger, but CBRE webinar panelists say a better year lies ahead By John B. Mugford The medical outpatient building (MOB) sector has seen a slowdown in development and sales for several reasons during the past couple of years. Today, however, while not necessarily expecting an immediate return to the historically strong years […]
News Releases: MONTICELLOAM, LLC Closes $73.2M in Bridge and Working Capital Financing for Ohio Skilled Nursing Portfolio
New York, NY, January 15, 2025 – MONTICELLOAM, LLC (“MonticelloAM”), a specialized multifamily and seniors housing bridge lending platform, announced the closing of $73,200,000 in total bridge and working capital financing for a portfolio of seniors housing and healthcare properties across Ohio. The $64,700,000 floating-rate senior bridge loan will be used by the sponsorship group, […]
News Release: CBRE Arranges Sale of AdventHealth Wesley Chapel Wellness Plaza in Tampa
Press Release FOR IMMEDIATE RELEASE Tampa – January 10, 2025 – CBRE facilitated the sale of Wesley Chapel Wellness Plaza, a 95,896-square-foot on-campus medical outpatient building (MOB) located at 2700 Healing Way, Wesley Chapel, Florida to AdventHealth Wesley Chapel. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof, Trent Jemmett and Jesse Greshin of CBRE U.S. […]
News Release: AdventHealth Redmond announces new Heart and Vascular Institute
Published date: January 15, 2025 This week, AdventHealth Redmond announced construction on a 40,000 square-foot medical office building that will be home to the AdventHealth Redmond Heart and Vascular Institute. Site preparation has already begun, and construction will continue through March 2026. “The AdventHealth Redmond Heart and Vascular Institute will enable us to care for […]
News Release: Remedy Medical Properties and Kayne Anderson Real Estate Announce Completion of UCHealth Green Valley Ranch Medical Center
The 12,170-square-foot medical office building will serve one of Denver’s fastest growing neighborhoods DENVER and CHICAGO, January 14, 2025 – A partnership of Remedy Medical Properties and Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, announced completion of the UCHealth Green Valley Ranch Medical Center in the northeast Denver […]
Transactions: UCLA Health acquires three MOBs in L.A. area
CBRE brokers reverse monetization on hospital campus in West Hills By John B. Mugford A significant medical outpatient building (MOB) portfolio deal took place in late December to close out 2024. According to information from Arnold, Md.-based Revista and its RevistaMed service, which compiles a wide range of healthcare real estate (HRE) sector data, Los […]
News Release: Matt Mattox Joins Catalyst Healthcare Real Estate as Executive Vice President, Construction and Development
January 13, 2025 PENSACOLA, FLA. – Catalyst Healthcare Real Estate (Catalyst), a healthcare real estate development and investment firm, is in a significant state of growth and development. Catalyst is prioritizing innovative solutions to meet the demands of a competitive healthcare market. To support this expansion, Catalyst is committed to bringing in the right leaders […]
News Release: Medical Properties Trust Comments on Prospect Restructuring
January 12, 2025 06:40 PM Eastern Standard Time BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today issued the below statement in response to Prospect Medical Group’s (“Prospect”) decision to commence an in-court restructuring process under Chapter 11 of the U.S. Bankruptcy Code. As discussed during MPT’s third quarter 2024 earnings, […]
News Release: Hammes completes Surgery Center of Lee’s Summit in Kansas City suburb
FOR IMMEDIATE RELEASE MILWAUKEE, WI – January 8, 2025 – Hammes, a national real estate consulting, development, investment and management firm, recently completed Surgery Center of Lee’s Summit on the campus of Lee’s Summit Medical Center in Lee’s Summit, Missouri. Hammes developed the 18,800-square-foot surgery center on behalf of Surgery Ventures, powered by HCA Healthcare, […]
News Release: South Metro Dental Practice Expands North
NEWS RELEASE FOR IMMEDIATE RELEASE Minneapolis, MN | Thursday, January 9, 2025 With established practices in Savage and St Paul, Dental Associates, a Twin Cities-based dental practice has a new clinic is underway at 9400 Upland Lane N, near Maple Grove Covenant Church. With support from project partners MSP Commercial and Colliers Int’l Healthcare Services, […]
News Release: AEI Capital Acquires Illinois Healthcare Property for $7.51 Million
The Chicago property is 100% leased and occupied by Advocate Health NEWS PROVIDED BY AEI CAPITAL CORPORATION January 8, 2025 Saint Paul, MN — AEI Capital Corporation completed the acquisition of a healthcare property located in Chicago, IL. Chicago ranks among the top five metropolitan statistical areas (MSAs) in the United States, with a population […]
News Release: Phoenix area medical building trades for $30 million
JLL Capital Markets led the sale for mission-critical Chandler Medical Pavilion, located in Chandler, Arizona PHOENIX, Jan. 8, 2024 – JLL Capital Markets announced today that it has completed the $30 million sale of Chandler Medical Pavilion, a fully leased outpatient medical building totaling 65,931 square feet, located in Chandler, Arizona. JLL’s Medical Properties Capital Markets […]
