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News Release: CIT Serves as Sole Lead Arranger on $48 Million Portfolio Financing of Medical Office Buildings
NEW YORK — Jan. 27, 2020 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger of senior debt financing aggregating $48 million for the acquisition of a portfolio of medical office buildings. The borrower is a joint venture between Kayne Anderson Real Estate and Remedy Medical […]
News Release: TOA partners with OGA on construction of new Middle TN facilities
For Immediate Release Date: January 27, 2021 OGA completes construction on Lebanon TOA building, breaks ground on another larger medical building in Murfreesboro Lebanon, Tenn. – Oman-Gibson Associates (OGA), a Nashville-based national full-service real estate services and development company, continues to grow its partnership with the Tennessee Orthopedic Alliance (TOA) as the company announces the […]
News Release: Montecito Strategically Acquires Women’s Health MOB in Greenville-Spartanburg, SC, Market
FOR IMMEDIATE RELEASE January 27, 2021 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a Class A property in Spartanburg, SC, that is home to Medical Group of the Carolinas – Woman’s Clinic. The building, constructed in 2006, contains a total […]
News Release: JLL completes sale of fully occupied Kingwood medical office building (Houston)
29,120-square-foot MOB in the center of HCA Houston Healthcare’s Kingwood campus HOUSTON, Jan. 26, 2021 – JLL is pleased to announce the sale of the Kingwood Executive Center, a 29,120-square-foot medical office building located at 201 Kingwood Medical Drive. Chris DiSalle exclusively represented ownership, Woodside Health. The property is fully leased and located just off […]
News Release: Avison Young completes $4.27 million portfolio sale of two medical office buildings in Corona, CA
Los Angeles, CA – Avison Young announced today it has completed the $4.27 million portfolio sale of two vacant medical office buildings located at 818 and 830 Magnolia in Corona, CA. Avison Young Principal Michael Dettling and Vice President Steven Tronson who are located in the Los Angeles North office represented the seller, a Los […]
January/February 2021 PDF
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News Release: Klein Enterprises Sells Denton (Md.) Medical Office Building
1/25/21 Klein Enterprises announced the successful sale of its 50,000-square-foot Medical Office Building in Denton, Maryland that was built for and is fully leased to Shore Regional Health — a wholly owned subsidiary of the University of Maryland Medical System. Klein acquired the land in 2017 and constructed and managed the building. The purchaser was […]
January/February 2021
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Feature Story: Sanders and Starr were a winning combination
HREI’s 2020 Lifetime Achievement Award co-winners built The Sanders Trust into one of the HRE’s sector longstanding, respected firms By John B. Mugford Early in his career in commercial real estate, Rance Sanders came up with what seemed to be a great idea for a new business. At least he thought so. “I told my […]
Feature Story: BOMA MOBs 2020
Here are links to HREI’s complete coverage of the 2020 BOMA MOBs conference. Feature Story: Wall Street analysts laud sector during BOMA MOB conference Feature Story: Timeshare medical space might be here to stay Feature Story: It’s boom time for life science real estate Feature Story: Pandemic prompts providers to re-examine real estate Feature Story: […]
Feature Story: Mark Toothacre named top exec
PMB president proud of building firm’s reputation and long-term relationships By Connie M. McCaffrey Those who know PMB President Mark D. Toothacre describe a visionary but humble and mentoring leader who is quick to share opportunities and recognition with others. That selflessness – along with an enviable track record – has earned Mr. Toothacre the […]
Companies & People: Montecito eyes another big year
After nearly $600M in acquisitions in 2020, its current pipeline is bigger than ever By John B. Mugford Although it looks like 2020 is going to turn out to be another solid year for medical office building (MOB) sales despite complications, and a market-wise pause, caused by the COVID-19 pandemic, the year behind us turned […]
News Release: Transwestern represents Catapult Health with nearly 31,000 sf office relocation in Dallas
Healthcare Provider to Move to The Offices at Prestonwood Place (JAN. 25, 2021 – DALLAS) – Transwestern Real Estate Services (TRS) announces Catapult Health, the leading national provider of employer-sponsored preventive checkups, has signed a new 30,656-square-foot office lease in The Offices at Prestonwood Place at 5294 Belt Line Road in Dallas. The company is […]
News Release: Chestnut Funds, Anchor Health Properties launch second $100m MOB acquistion fund
FOR IMMEDIATE RELEASE Chestnut Funds, Anchor Health Properties launch second MOB acquisition fund and announce initial acquired seed investment Chestnut Funds (Chestnut) and Anchor Health Properties (Anchor) have launched a $100 million real estate private equity investment fund, Chestnut Healthcare Fund II, focused on the acquisition of core and core-plus medical office buildings and other […]
News Release: Krusinski Construction Completes 4th AbilityLab Project for Shirley Ryan
Krusinski Construction Completes Shirley Ryan AbilityLab DayRehab Center; Arlington Heights Location is Fourth Completed by Krusinski Construction ARLINGTON HEIGHTS (January 20, 2021)—Krusinski Construction (KCC) has completed the comprehensive build-out of an 11,500-square-foot day rehabilitation center for Shirley Ryan AbilityLab within the Enterprise Office Campus located at 3215 N. Wilke Road in Arlington Heights. This represents […]