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News Release: HFF arranges $40.84M financing for 2 single-tenant medical office buildings in Wisconsin and Oklahoma
SAN DIEGO, CA – March 18, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged financing totaling $40.84 million for two single-tenant medical office buildings: Aurora Health Center in Wauwatosa, Wisconsin, and Tulsa Spine and Specialty Hospital in Tulsa, Oklahoma. HFF worked on behalf of the borrowers, to secure 10-year, fixed-rate acquisition […]
News Release: MidCap Financial Closes First Mortgage Loan on a Medical Office Building in San Francisco, CA
PRESS RELEASE BETHESDA, MD, March 18, 2019 – MidCap Financial (“MidCap”), a leading commercial finance company focused on middle market transactions, today announced that it closed a transaction with Seavest Healthcare Properties LLC (“Seavest”), a real estate investment management firm focused on the medical office and outpatient facility sector. In June 2018, MidCap provided a […]
News Release: Realty Trust Group Announces New Brand Identity with Redesigned Logo and Website
Realty Trust Group Announces New Brand Identity with Redesigned Logo and Website Realty Trust Group (RTG), a leading national healthcare real estate firm, announced today the launch of its new corporate brand identity, redesigned logo, new tagline, and website to showcase their expertise as a leading healthcare real estate resource for hospitals, health systems, and […]
News Release: PMB joins forces with Dignity Health once again to develop MOB in suburban Phoenix
San Diego-based healthcare real estate firm is developing the 80,000 square foot Mercy Gilbert Medical Plaza II on the Dignity Health Mercy Gilbert Medical Center campus in Gilbert, Ariz. GILBERT, Ariz., March 13, 2019 – PMB, one of the nation’s leading real estate owners and developers across the continuum of care, is in the midst […]
News Release: NexCore Group hires healthcare executive Ian Wong as Executive Vice President, Operations
Mr. Wong will oversee the growing healthcare real estate developer’s operational teams as the firm continues to meet robust growth targets and strategic objectives DENVER, March 13, 2019 – National healthcare real estate developer NexCore Group announced today that Ian Wong has joined its firm as Executive Vice President, Operations. Mr. Wong joins the growing […]
News Release: Davis forms strategic partnership with new healthcare-focused Synergy Architecture
National healthcare real estate firm aligns with experienced healthcare architectural team to enhance customer service and increase responsiveness MINNEAPOLIS, March 13, 2019 – Davis announced today a partnership with the newly created Synergy Architecture Studio LLC, an architectural services firm specifically focused on the healthcare industry. Patrick Giordana, AIA, formerly with bdh + young, is […]
Outpatient Projects: An MOB project that was worth the risk
Seavest did its homework and is now leasing its converted MOB in San Francisco SAN FRANCISCO – 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 […]
News Release: Seavest gains approval for major downtown San Francisco medical office conversion
Healthcare real estate firm clears the last major hurdle facing its plan to repurpose the seven-story, 119,262 square foot 939 Ellis building in the high-profile Van Ness Corridor SAN FRANCISCO and WHITE PLAINS, N.Y., March 11, 2019 – When Seavest Healthcare Properties LLC decided to acquire its first property in San Francisco – 939 Ellis […]
News Release: Flagship Healthcare Properties Completes Development of Medical Office Building in Cajah’s Mountain, N.C.
NEWS RELEASE FOR IMMEDIATE RELEASE Flagship Healthcare Properties Delivers Medical Office Building to Caldwell UNC Health Care CHARLOTTE, N.C. (March 11, 2019) — Flagship Healthcare Properties (Flagship) is pleased to announce the completed construction of an 11,000-square-foot medical office building (MOB) for Caldwell UNC Health Care (Caldwell), located on Connelly Springs Road in Cajah’s Mountain, N.C. […]
News Release: Le Bonheur Children’s Hospital to expand Heart Institute
Two-story, $37.6-million dollar expansion to create a 31-bed dedicated Cardiovascular Unit NEWS PROVIDED BY Le Bonheur Children’s Hospital Mar 05, 2019, 17:25 ET MEMPHIS, Tenn., March 5, 2019 /PRNewswire/ — Le Bonheur Children’s Hospital will expand its Heart Institute with a two-story, $37.6 million addition. This expansion will add 19 additional beds to the Heart Institute to create a 31-bed […]
News Release: Beaumont Health identifies comprehensive outpatient care campus location in Macomb County (Mich.)
Tuesday, March 05, 2019 Beaumont Health has identified a property to develop a new, comprehensive outpatient care campus in Macomb County (Mich.) in 2020. The proposed Macomb County site is located within the Bay River Marketplace, adjacent to Meijer, near the intersection of I-94 and 26 Mile Road in Lenox Township. A groundbreaking will occur later this […]
News Release: Just Sold – Two-Tenant Medical Office Project Trades for $498 PSF in Corona, CA
Corona Medical Center Just Sold CBRE’s Investment Properties-So Cal team is pleased to announce the sale of Corona Medical Center, located at 2057 Compton Avenue in Corona, California, at a gross price of $5,150,000 ($498 PSF) that reflects a year one cap rate of 5.89%. The two-tenant project totals 10,340 square feet and was 100% […]
Thought Leaders: Colliers 2019 Healthcare Marketplace Report
Author: Mary Beth Kuzmanovich and Stephen Newbold Date Published: 03/04/2019 We are pleased to share Colliers International’s 2019 Healthcare Marketplace Report, which shows that the U.S. healthcare real estate sector remains on solid footing. The national vacancy rate for medical office buildings (MOBs) held virtually flat after 2017’s all-time low, even though 20.9 million square feet of […]
News Release: New Sutter CPMC Van Ness Campus Hospital Opens its Doors in the Heart of San Francisco
Smart hospital design merges advanced technology, safety, efficiency and personal touches – such as private rooms – to support the highest quality care March 02, 2019 09:00 ET | Source: Sutter Health SAN FRANCISCO, March 02, 2019 (GLOBE NEWSWIRE) — San Francisco residents now have a modern new hospital at their doorstep as Sutter opens the doors to […]
News Release: HFF closes sale of North County San Diego medical office building
SAN DIEGO, CA – HFF announces that it has closed the sale of Palomar Health Outpatient Center Phase I, a medical office building totaling approximately 75,000 square feet in North County San Diego, California. HFF marketed the property on behalf of the seller, Encinitas-based real estate developer JRMC Real Estate Inc., and procured the buyer, […]