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News Release: Meeting community needs – Palomar, Kindred and PMB open new inpatient rehabilitation facility
FOR IMMEDIATE RELEASE The 52-bed, 57,543-square-foot Palomar Health Rehabilitation Institute in Escondido, Calif., will meet the growing need for more rehab services for North San Diego County residents ESCONDIDO and SAN DIEGO, Calif., April 28, 2021 – Palomar Health, Kindred Healthcare and PMB announced that they recently completed and opened the 57,543-square-foot, 52-bed Palomar Health […]
News Release: Wilshire West Medical Tower refinanced with $42.5M loan
JLL Capital Markets led financing efforts for the Los Angeles-area property; continues to see resiliency/strength in the medical office sector LOS ANGELES – April 28, 2021 – JLL Capital Markets announced today that it has arranged a $42.5 million refinancing for Wilshire West Medical Tower, a 78,702-square-foot, trophy medical office building in the desirable Brentwood […]
News Release: Continued healthcare demand fuels on-campus Fullerton, CA MOB sale
JLL Capital Markets arranged the sale and financing of the 101 Laguna medical office building SAN DIEGO – Apr. XX, 2021 – JLL Capital Markets announced today that it has closed the sale and financing of 101 Laguna, a 21,554-square-foot medical office building in Fullerton, California. JLL worked on behalf of the seller, Healthcare Property […]
For Sale: Coming Soon | Atkins MOB Portfolio | 12 MOBs, 550k SF, 96% Leased, 7 Year WALT
Newmark Healthcare Capital Markets COMING SOON! Atkins Companies Medical Office Portfolio New Jersey | Pennsylvania | Maryland | Connecticut | Ohio 12 PROPERTIES 96% LEASED OVERALL 549,586 SQUARE FEET 72% LEASED TO HEALTH SYSTEMS, CREDIT & DOMINANT PHYSICIAN NETWORKS 6.9 Years WALT 25% NOI GROWTH OVER 10-YEAR ANALYSIS PERIOD The Newmark Healthcare Capital Markets team has been engaged by the Atkins Companies as its exclusive financial advisor […]
News Release: New Marshall Medical Offices now open (Redwood City, CA)
The new Marshall Medical Offices on our Redwood City campus brings over 30 departments under one roof. The spacious new building, located near our hospital, houses primary care including Ob/Gyn and Pediatrics, and specialty care such as our Advanced Neuroscience Center. Marshall Medical Offices 905 Maple St. Redwood City, 94063 (enter underground parking from Marshall […]
Transactions: High demand: MOB sells for a record $1,367 PSF, sub-4% cap
137 signed NDAs, 13 bid and a USC-leased Newport Beach, Calif., facility sold for $41 million By John B. Mugford Prices for medical office buildings (MOBs) occupied by strong tenants, including credit-rated health systems, continue to increase, in some cases rising to levels unimaginable not too long ago. A case in point can be found […]
News Release: HPRG Expands Dental & Medical Transition & Realty Capabilities
BETHESDA, MD, April 27, 2021 — HRPG (Health-Pro Realty Group) has expanded its team of commercial agents and transition experts, offering additional support to clients in the medical and dental fields, as well as commercial property owners and landlords. With decades of experience in medical and dental practice real estate, HPRG has developed specialized expertise […]
Feature Story: Pandemic could push MOB sales volumes even higher
Panelists in Revista webcast discuss ways in which the crisis has changed deal-making By John B. Mugford Plenty has been written and said about the positive light that the COVID-19 pandemic has shed on medical office buildings (MOBs), including the fact that they have performed better and attracted interest from a wide range of investors […]
News Release: Ryan Companies Makes Four Major Promotions in Minneapolis
FOR IMMEDIATE RELEASE MINNEAPOLIS, Minn. (April 27, 2021) Ryan Companies US, Inc.; a national developer, builder, designer and property manager offering full-service commercial real estate solutions; is excited to announce four vice president promotions at its Minneapolis headquarters. Spanning multiple sectors and services, Brian Goodwin, Andrew Twito, Ashley Wurster and Jared Ziemke have assumed new […]
News Release: Ridgeline Capital Partners Acquires Medical Office Building in Mesquite, TX
FOR IMMEDIATE RELEASE April 26, 2021 Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), an owner of healthcare real estate, is pleased to announce that the firm has closed on the purchase of the 65,000 square-foot, three-story Physicians Specialty Center in Mesquite, TX in a joint venture with Harrison Street, one of the leading investment management […]
News Release: Universal Health Realty Income Trust Reports 2021 First Quarter Financial Results
Consolidated Results of Operations – Three-Month Periods Ended March 31, 2021 and 2020: NEWS PROVIDED BY Universal Health Realty Income Trust Apr 26, 2021, 16:20 ET KING OF PRUSSIA, Pa., April 26, 2021 /PRNewswire/ — Universal Health Realty Income Trust (NYSE:UHT) announced today that for the three-month period ended March 31, 2021, net income was $5.6 million, or $.41 per diluted share, […]
News Release: Recently Sold – Lake Health Beachwood Medical Center, Beachwood, OH
Newmark Global Healthcare Services Recently Sold: Lake Health Beachwood Medical Center Beachwood, OH Sold Date: 4.15.21 Sale Price: $58,250,000 Square Feet: 69,800 Description: A surgical hospital focused in orthopedics, urology, spine, general surgery and pain management Brokers: Todd Perman, CCIM Vice Chairman Global Healthcare Services 678.521.3454 tperman@ngkf.com Jay Miele Senior Managing Director Global Healthcare Services […]
News Release: CIT Serves as Sole Lead Arranger on $19.3 Million Financing for Texas Health Center
NEW YORK — April 22, 2021 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $19.3 million loan to finance the acquisition of the Sugar Creek Health Center in Sugar Land, Texas. The Sugar Creek Health Center, an 84,646-square-foot medical office building located approximately […]
News Release: Specialty Services Now Open in Nemours Building on Sussex Campus
Specialty Services Now Open in Nemours Building on Sussex Campus Thursday, April 22, 2021 | Expanded Services, Bayhealth Sussex Campus Bayhealth and Nemours Children’s Health System recently marked the opening of the new Nemours Building at 101 Wellness Way, on the Bayhealth Sussex Campus, with a ribbon cutting ceremony. The event celebrated the opening of […]
News Release: Hanley Investment Group Sells Portfolio of Four Single-Tenant Properties Leased to Fresenius Kidney Care for $9.8 Million in Indiana and Texas
Press Release Published: April 22, 2021 at 11:07 a.m. ET Apr 22, 2021 (AB Digital via COMTEX) — INDIANA & TEXAS – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the sale of four properties that […]