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News Release: Echo Development Group, Inc. Acquires 5 Acre Land Parcel in Colorado Springs for MOB Development
FOR IMMEDIATE RELEASE Chicago, IL (April 18, 2019) – Echo Development Group, Inc. announces it has acquired land in Colorado Springs, CO with plans to develop a class-A medical office building. The property is approximately 5 acres and is located at 2460 Research Parkway in the heart of the Briargate area of northeast Colorado Springs. […]
News Release: RD Management announces mixed-use development at Muskegon Shopping Center in Michigan
April 17, 2019 Residential buildings and a Mercy Health facility will be added upon removal of a vacant former Kmart RD Management LLC, one of the nation’s largest privately held real estate development and management organizations, announced today mixed-use development plans for its Muskegon Shopping Center located at 3530 Henry Street in Muskegon, Michigan. The new project […]
News Release: Caddis donates money, expertise to build new community for adults with autism
Innovative prototype ‘29 Acres’ near Dallas is designed to meet local demand and offer housing and skills development to build self-esteem and independence CROSS ROADS and DALLAS, Texas, April 17, 2019 – In a continuation of its ongoing philanthropic initiatives, Caddis® announced that it is donating more than $400,000 and its real estate development expertise […]
News Release: Just Sold: Springs Professional Center
Marcus & Millichap Springs Professional Center 679 Douglas Avenue, Altamonte Springs, FL 32714 22,363 SF | 2.30 Acres Just Sold in Altamonte Springs, FL: Krone Weidler, with LJ Tsunis, are pleased to announce the successful sale of Springs Professional Center in Altamonte Springs, Florida. Transaction Summary Price: $1,774,500 Price per SqFt: $79.34 Type: Professional Office […]
News Release: Atkins Companies Inks Six Lease Renewals at Atkins Medical Plaza in West Orange, N.J.
For Immediate Release Class A Medical Office Building Continues to See High Occupancy in One of New Jersey’s Most Competitive Markets West Orange, N.J. (April 15, 2019) – Atkins Companies, a leading multigenerational commercial real estate development, investment, and property management firm, has signed six lease renewals totaling approximately 13,000 square feet at Atkins Medical […]
News Release: Just closed: HSA PrimeCare Medical Office Portfolio
JLL Healthcare Capital Markets The JLL Healthcare Capital Markets Group is pleased to announce the sale of the HSA PrimeCare Medical Office Portfolio. The multi-state portfolio consists of four outpatient facilities totaling 143,228 square feet located across desirable and growing submarkets within the Chicago and Minneapolis metropolitan areas. The institutional quality assets were 94% occupied at the time […]
Industry Pulse: Rents rising, occupancies to tighten in MOB space
Marcus & Millichap report cites a rise in med school students, drop in cap rates NATIONWIDE — The optimism concerning medical office buildings (MOBs) as a real estate product type continues to grow, with a certain number of reasons for such optimism being cited time and time again. Among them are the country’s aging demographics, […]
News Releases: Virtus Real Estate Capital, Ryan Companies Acquire Richfield Medical Office Property
APRIL 15, 2019 AUSTIN, Texas – Virtus Real Estate Capital (“Virtus”), a leading asset manager of alternative real estate property types, and its partner, Ryan Companies, today announced the acquisition of Woodlake Centre (“Woodlake”), a hybrid medical office and traditional office property in Richfield, MN. The partnership plans to focus its efforts on repositioning the […]
News Release: JLL adds industry veteran Jay Johnson to grow healthcare real estate business across US markets
Johnson will focus on partnering with local teams to deliver the full depth and breadth of JLL’s global healthcare real estate business. April 15, 2019 CHICAGO, April 15, 2019 – JLL today announced Jay Johnson has joined the firm as Managing Director, JLL Healthcare. Johnson will focus on partnering with local teams to deliver the full […]
Outpatient Projects: Seavest’s risk pays off in San Fran
HRE investor receives go ahead to convert building to medical in a tight market Embarking on any type of commercial real estate (CRE) project in San Francisco can be a difficult task fraught with risk, be it for a new ground-up development or the repurposing of an existing building to a new use. Gaining the […]
News Release: Harrison Street and HealthAmerica Welcome Piedmont Internal Medicine to Newly-Renovated Northwest Medical Center in Atlanta
Private internal medicine practice to occupy 16,000-square-foot, custom-built space in premier, multi-tenant medical office building ATLANTA – April 11, 2019 – Harrison Street, one of the largest real estate investment firms dedicated to the Education, Healthcare and Storage sectors, and HealthAmerica Realty Group (“HealthAmerica”), an Atlanta-based health care real estate firm with more than 25 years […]
News Release: Marvin Crossing Medical Office Building Sold
April 10, 2019 | Press Release Charlotte, NC (April, 2019) – MPV Properties (MPV) is pleased to announce the sale of 16817 Marvin Road, Charlotte, North Carolina. This single-tenant 29,070 square foot medical office building is home to Tryon Medical Partners’ Ballantyne location. Eighteen doctors will practice at this well-located office that sits at the signalized intersection of Ardrey Kell […]
News Release: The Sanders Trust acquires $49 million facility occupied by Bakersfield Heart Hospital in California
FOR IMMEDIATE RELEASE April 9, 2019 Birmingham, Ala. – The Sanders Trust, a Birmingham-based healthcare real estate and development firm, has announced its real estate acquisition of the Bakersfield Heart Hospital (BHH) an award-winning hospital located in Bakersfield, California. The 85,971 square foot, Class “A” facility was built in 2000 and adds California as the […]
News Release: Seavest sells Patient Care Centers at Inova Fair Oaks near Washington, D. C.
The firm renovated and repositioned the two adjacent medical office buildings on the campus of Inova Fair Oaks Hospital to better serve the tenants and their patients FAIRFAX, Va., and WHITE PLAINS, N.Y., April 3, 2019 – Seavest Healthcare Properties LLC has sold two medical office buildings (MOBs) on the campus of Inova Fair Oaks […]
News Release: HFF closes sale of The Children’s Hospital of San Antonio Health Pavilion in San Antonio, Texas
PHILADELPHIA, PA, April 3, 2019 – HFF announces it has closed the sale of The Children’s Hospital of San Antonio Health Pavilion, a brand new, 100-percent-leased, 57,250-square-foot, state-of-the-art and purpose-built medical office building located in the prestigious Stone Oak submarket of San Antonio, Texas. HFF marketed the asset on behalf of the seller, Seavest Healthcare […]