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News Release: Colliers International announces the University of St. Thomas has leased 20,000 square feet at Vision Park Medical
APR 15, 2020 Medical Office Lease. Colliers International is pleased to announce the University of St. Thomas has leased 20,000 square feet at the Vision Park Medical office building located at 121 Vision Park Boulevard in Shanandoah, Texas. The owner, Everson Developments and VP2 Partners, was represented by Lisa Hughes and Pamela Sprouse of J. Beard […]
News Release: IRA Capital Acquires 22,000 SF Medical Office Building Leased To Cleveland Clinic
April 20, 2020: IRA Capital “IRA” is pleased to announce the acquisition of a medical office building in Dover, OH that is 100% leased to Cleveland Clinic Union Hospital. The 22,000 sq. ft. building was built for Union Hospital in 2016 as an off-campus urgent care facility located approximately 3 miles from Union Hospital. Union […]
News Release: Flagship Healthcare Properties Increases its Presence in Greater Richmond, Virginia Region with New Acquisition
NEWS RELEASE FOR IMMEDIATE RELEASE Healthcare real estate firm acquires medical office building in Prince George, Virginia CHARLOTTE, N.C. (April 17, 2020) — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, expands its Virginia footprint with the acquisition of a 15,457-square-foot, newly-constructed medical office building (MOB). The MOB is located at 1775 Lake […]
News Release: Welltower Issues Business Update
NEWS PROVIDED BY Welltower Inc. Apr 17, 2020, 08:00 ET TOLEDO, Ohio, April 17, 2020 /PRNewswire/ — (NYSE: WELL) Welltower® Inc. today issued the following statement regarding the ongoing COVID-19 pandemic: “Welltower’s primary focus is on the ongoing support of our operating partners through these unprecedented times,” commented Thomas J. DeRosa, Chairman and CEO. “We have made progress on the […]
Thought Leaders: A Look At Some Legal Implications Of Covid-19 On Healthcare Real Estate
Written by T. Andrew Dow (1) Shareholder, Winstead PC Conventional wisdom has held that the healthcare real estate industry is generally recession resistant. While that has historically been the case, the conventional wisdom did not account for a recession caused solely by a public health crisis due to a global pandemic. While the long-term effects […]
News Release: JLL completes sale, financing of Colesville Medical Campus
Located in a dense medical corridor in the Washington, D.C. metropolitan area WASHINGTON, D.C., DRAFT – JLL Capital Markets announced today that it has closed the sale and financing of Colesville Medical Campus, a three-building medical office campus totaling 212,153 square feet in Silver Spring, Maryland. JLL represented the seller, Beckham Gumbin Ventures, and procured […]
News Release: NexCore Led the Nation in 2019 Outpatient Medical Real Estate Projects Completed
FOR IMMEDIATE RELEASE National healthcare real estate (HRE) developer earned the top spot in the Revista Outpatient HRE Development Report “Projects Completed” category with seven projects totaling 403,652 square feet Some of NexCore’s largest completed developments of 2019 were four micro-hospital projects for Oklahoma City-based INTEGRIS Health and Emerus (top), and a three-building outpatient campus […]
Feature Story: Even some MOBs are feeling the pain
Yet the asset class could be the first to recover due to pent-up demand By John B. Mugford This time, things are different for medical office buildings (MOBs) — and yet, there is still a light at the end of the tunnel. During the Great Recession, MOBs gained their well-known reputation as being “recession-resistant,” in […]
News Release: New Team Members Reflect Anchor Health Properties’ Strategic Growth Nationwide
FOR IMMEDIATE RELEASE April 14, 2020 (Charlottesville, VA) Anchor Health Properties (Anchor) a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, begins the second quarter of 2020 with four new team members joining the firm’s development and asset management platforms. Anchor’s newest employees, Joe Hackney, Sean Miller, Rebecca […]
News Release: Avison Young announces $8.1 million portfolio sale of properties occupied by DaVita Dialysis in Dallas metro
Los Angeles, CA – Avison Young announced today it has completed the $8.1 million portfolio sale of three single-tenant properties occupied by DaVita Dialysis located in the Dallas metropolitan area. The portfolio is comprised of three locations – DaVita North in Plano, DaVita East in Garland, and DaVita Central in Dallas. Avison Young Principal Patrick […]
Thought Leaders: Healthcare and Life Sciences COVID-19 Update from CBRE
Capital Markets Healthcare & Life Sciences COVID-19 Update During times like these, our team feels very fortunate to be working for an industry leading real estate services firm like CBRE where resources and information are in abundance. Also, our involvement with the healthcare and life sciences divisions of BOMA and ULI have provided us additional […]
Feature Story: Pre-pandemic panel predicted a plentiful period for MOBs
Prior to COVID-19, developers at InterFace conference were excited about the possibilities By John B. Mugford On Feb. 19, prior to the onset of the COVID-19 pandemic, a group of healthcare real estate (HRE) and medical office building (MOB) development professionals gathered for a panel session in Los Angeles to talk about what was going […]
News Release: Cushman & Wakefield Completes Nearly $14M Sale of Chicago MOB
For Immediate Release Multi-tenant Property on Former Ravenswood Hospital Campus is Anchored by Advocate Health Care and Anixter Center CHICAGO, April 13, 2020 – Cushman & Wakefield’s Healthcare Capital Markets team has represented owner 1945 W. Wilson LLC in the $13,850,000 sale of a multi-tenant, 68,070-square-foot six-story medical office building at 1945 W. Wilson Ave. […]
News Release: La Porte Hospital Announces New Office Building Added to New Hospital Project
La Porte Hospital has finalized plans to break ground on a Medical Office Building to be constructed adjacent to the new hospital being built on State Street in Downtown La Porte. The approximately 55,000 square feet, four-story building will be constructed on State Street adjacent to the new hospital. It is expected to be completed […]
Thought Leaders: Marcus & Millichap Special Reports – Investor Insights for Healthcare Real Estate
Global Health Crisis Emerging Trends Impacting Healthcare Real Estate • Short-Term Challenges: A decline in non-emergency patient visits will likely strain revenues for many dentists, off -campus physicians and practitioners that provide elective and nonessential services in areas under shelter-inplace orders.The COVID-19 pandemic is rapidly changing the commercial real estate landscape. To help investors better interpret the impact of […]