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News Release: PREIT and Cooper University Health Care Finalize Transaction for Moorestown Location
165,000 square foot premier outpatient facility highlights the Company’s innovation in expanding its appeal to new occupants NEWS PROVIDED BY PREIT May 19, 2021, 06:55 ET PHILADELPHIA, May 19, 2021 /PRNewswire/ — PREIT (NYSE: PEI), a leading operator of diverse retail and experiential destinations, today announced the finalization of transactions associated with bringing Cooper University Health […]
News Release: McCarthy Breaks Ground on Cancer Treatment and Research Center on CHRISTUS Health – Tyler Campus
85,000-square-foot center will provide outpatient care Tyler, TX – May 18, 2021 – McCarthy Building Companies, Inc. has broken ground on the Northeast Texas Cancer and Research Institute, an innovative new cancer center in Tyler, Texas. A Cottonwood Development project, the 85,000-square-foot facility center is located on the CHRISTUS Mother Frances Hospital – Tyler campus […]
News Release: Alliance Acquires Net-Leased Medical Office Portfolio in Texas for $6M
FOR IMMEDIATE RELEASE: Sustained population growth driving demand for healthcare properties throughout state CHICAGO (May 18, 2021) — Alliance Consolidated Group of Companies (Alliance) today announced it has acquired two net-leased medical properties in College Station and Brenham, Texas. Alliance purchased the 16,097-square-foot portfolio from a private seller for $6,075,000. The first asset is located […]
News Release: Jacobson Properties Arranges Sale Of East Bay Ambulatory Care Building
May 12, 2021 (Swansea, MA) Lisa Menin of Jacobson Properties is pleased to announce the sale of the East Bay Ambulatory Care Building, a 23,072 square foot Class A medical building located in Swansea, Massachusetts. East Bay Ambulatory Care was sold by East Bay Surgery Center Real Estate, LLC, to a national healthcare real estate […]
News Release: New Era Companies announces 1Q 2021 development activity, launch of $25m NEMI Fund IV
Grapevine, Texas – May 18, 2021 New Era Companies, LLC today announced the opening of 2 healthcare assets in Louisiana and Indiana, and the commencement and development of a new Inpatient Rehabilitation Hospital in Overland Park, KS. In addition, New Era Companies, LLC successfully launched its recent healthcare real estate equity fund, $25m NEMI Fund […]
News Release: Investor picks up Maryland life science portfolio
JLL Capital Markets led sales efforts for the portfolio, which is located in the heart of Shady Grove, Maryland’s premier life science cluster WASHINGTON, D.C., May 17, 2021 – JLL Capital Markets announced today that it has closed the sale of the Shady Grove Life Science Portfolio, a 35.5-acre life science campus in Rockville, Maryland. […]
Feature Story: Even a ‘black swan’ hasn’t stopped HRE
InterFace panelists say the pandemic simply reaffirmed the sector’s strength By John B. Mugford For many years, a tried and true question for expert panelists at healthcare real estate (HRE) conferences has been this: “What potential concerns about this business keep you up at night?” And a common answer has been the potential for the […]
News Release: Woodside Health Announces Sale of Texas Cardiac Associates Medical Plaza in Rowlett, TX (Dallas MSA)
FOR IMMEDIATE RELEASE Woodside Health Announces Sale of Texas Cardiac Associates Medical Plaza in Rowlett, TX (Dallas MSA) Cleveland, OH (May 10th, 2021) – Woodside Health is pleased to announce the sale of Texas Cardiac Associates Medical Plaza, a 15,000 square foot medical office building in Rowlett, TX. Woodside purchased the Dallas-area property in 2016. […]
News Release: Montecito Acquires New Medical Office Building Connected to Methodist Healthcare in San Antonio
FOR IMMEDIATE RELEASE May 13, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a new medical office building in the San Antonio area whose tenants include the market’s dominant health system and two market-leading specialty providers. The property, located in the affluent […]
News Release: Kraus-Anderson begins $8 million Ambulatory Surgery Center in Tucson, AZ
Kraus-Anderson and MedCraft team to build Ambulatory Surgery Center at TMC HealthCare’s Rincon campus in Tucson, Ariz. TUSCON, Ariz. (May 2021) – Kraus-Anderson has begun construction on a state-of-the-art Ambulatory Surgery Center at TMC HealthCare’s Rincon campus located at 10360 Drexel Road in Tucson, Ariz. TMC HealthCare and MedCraft Healthcare Real Estate, a national health care real […]
News Release: Echo Development Acquires Texas Medical Office Building
FOR IMMEDIATE RELEAS Echo Development Group, Inc. Acquires Medical Office Building in Rowlett, Texas Chicago, IL (May 2021) – Echo Development Group, Inc. announces it has acquired a medical office building anchored by the Baylor Scott & White Health. The property is 15,500 square feet and is located at 7801 Lakeview Parkway in Rowlett, Texas – […]
News Release: Steward Health Care To Build New $227 Million Wadley Regional Medical Center In Northwest Texarkana
Southwest General Hospital To Become Texas Vista Medical Center Medical campus spanning nearly 400,000 square feet will bring full suite of state-of-the-art technology and services to region by Summer 2024 Texarkana, Texas (May 11, 2021) – Having served the Texarkana community for more than 120 years, Wadley Regional Medical Center will soon break ground on […]
Transactions: Healthpeak makes $371 million, 14-MOB, 833,000 square foot portfolio acquisition
The seller was not disclosed, but industry sources say it was Harrison Street By John B. Mugford In a significant deal that took place in recent weeks, Denver-based Healthpeak Properties Inc. (NYSE: PEAK) on April 30 acquired a 14-property, 833,000 square foot medical office building (MOB) portfolio for $371 million. News of the purchase surfaced […]
Feature Story: MOB sales slowed in Q1, but it’s still early for 2021
Revista principals share data on sales, construction, leasing and more By John B. Mugford After the medical office building (MOB) sales volume rallied in late 2020 to finish off what could be considered a surprisingly strong 2020 – considering that COVID-19 pandemic started early in the year – 2021 is not necessarily off to a […]
Feature Story: Kind words for MOBs, life sciences
ULI session praises the ‘durable cash flows’ of ‘alternative’ product types By Murray W. Wolf As part of the virtual version of the 2021 ULI Spring Meeting, the Health Care and Life Sciences Council (HCLSC) is scheduled to hold several Zoom meetings next week. But healthcare and life sciences were already being talked about this […]