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Cover Story: Great expectations
Healthcare real estate experts anticipate another good year in 2019, with caveats By John B. Mugford Continued political turmoil. More stock market volatility. A economic slowdown. All of these are possible for the year ahead. For most industries, including commercial real estate, such events could cause setbacks and difficult times for the people and companies […]
Feature Story: The case for investing in HRE remains strong
Panel at Revista conference discusses the pros and cons of the sector SAN DIEGO – As brick and mortar retail stores flounder and pricing for industrial and multi-family properties continues to soar, many investors in recent years have started to look to “niche” commercial real estate (CRE) sectors to round out their portfolios. One of […]
Transactions: Broadstone REIT buys 18 MOBs
Elliott Bay portfolio is being sold in chunks; dialysis centers will close next By John B. Mugford When Seattle-based Elliott Bay Capital Trust LLC put a healthcare real estate (HRE) portfolio on the market in April 2018, it offered 91 single-tenant net-leased (STNL) facilities with a total of 1.02 million square feet in 25 states. […]
News Release: MedSquare Health Breaks Ground Next to Baptist Hospital
AJP Ventures and Mas Group to Host Groundbreaking Ceremony and Press Conference on March 6th at 10 a.m. NEWS PROVIDED BY AJP Ventures Feb 25, 2019, 08:00 ET MIAMI, Feb. 25, 2019 /PRNewswire/ — WHAT: MedSquare Health, a new $40 million Class “A” medical office building located next to Baptist Hospital of Miami by owners and developers AJP Ventures and […]
News Release: Broe Real Estate Group Sells Four Building California Medical Campus
Second major turnaround project in three months positions firm for expanded Colorado investment NEWS PROVIDED BY Broe Real Estate Group Feb 21, 2019, 16:05 ET DENVER, Feb. 21, 2019 /PRNewswire/ — Broe Real Estate Group (BREG), a private real estate investment firm headquartered in Denver confirmed the sale of a four-building 287,539 square foot medical office park located at 1620, 1640, […]
News Release: Final Steel Beam Put in Place at AHN Hempfield—Neighborhood Hospital
Wednesday, February 20, 2019 HEMPFIELD TOWNSHIP, Pa. – Marking a key milestone in the development of the new small-format hospital being built in Westmoreland County, construction crews on Thursday will lift into place the final steel beam at AHN Hempfield—Neighborhood Hospital. The hospital is expected to open its doors later this year. The nearly 79,000-square-foot facility – located […]
News Release: From multiplex to medical: PMB plans May completion of adaptive reuse of movie theater in Goodyear, Ariz.
FOR IMMEDIATE RELEASE The leading national healthcare real estate owner and developer is converting a 1980s era cinema into the modern new 50,000 square foot Palm Valley Medical Center PMB is converting the former Dickinson Palm Valley 14 movie theater (bottom) in Goodyear, Ariz., into the 50,000 square foot Palm Valley Medical Center (top). GOODYEAR, […]
News Release: Portfolio Investment in Sacramento Launches a New Market for Anchor and Crosses $1 billion in New Investments
FOR IMMEDIATE RELEASE February 18, 2019 (Wilmington, DE) Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, has completed the acquisition of a four building medical office portfolio in Sacramento, California through a joint venture with an affiliate of Morgan Stanley Real Estate. With […]
News Release: AHN Opens $35 Million Cancer and Imaging Center at Forbes Hospital
Wednesday, February 13, 2019 MONROEVILLE, PA – Highmark Health and Allegheny Health Network (AHN) today cut the ribbon to a new $35 million, 63,000 square foot cancer and imaging center at Forbes Hospital. The first facility of its kind in Pittsburgh’s east suburbs, the center offers patients convenient access to closely coordinated, multi-disciplinary cancer and imaging care […]
News Release: Realty Trust Group Expands Relationship With Cone Health
Realty Trust Group Expands Relationship With Cone Health, Now Full Outsourcing Partner for 1.8 Million Square-Foot Real Estate Portfolio GREENSBORO, N.C., AND KNOXVILLE, Tenn., Feb. 13, 2019 — Realty Trust Group has been engaged by Cone Health to provide full property management, property accounting and project management services for Cone’s 1.8 million square-foot ambulatory and administrative […]
Feature Story: Steadiness of the MOB sector is the exciting news
Revista’s conference highlights strong sales volume, NOI growth, etc. SAN DIEGO – As a slide appeared on the big screens during a conference in San Diego last week hosted by healthcare real estate (HRE) research firm Revista, Mike Hargrave, a principal with the company, said, “I would imagine this is why we’re all here.” The […]
Feature Story: When is the downturn coming?
At Revista conference, well-known economist looks at the future SAN DIEGO – We’d all love to know whether the U.S. economy is headed for a recession later in 2019, or perhaps in 2020. We’d also like to know exactly when such a downturn will happen, how long it will last, how mild or drastic it […]
News Release: Welltower Reports Fourth Quarter 2018 Results
2/12/2019 7:00:00 AM TOLEDO, Ohio, Feb. 12, 2019 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced results for the quarter ended December 31, 2018. For the quarter, we generated net income attributable to common stockholders of $0.27 per share and normalized FFO attributable to common stockholders of $1.01 per share. For the year, we generated net income attributable to common stockholders of $2.02 per share and […]
News Release: MBRE Healthcare opens East Coast regional office in Washington, D.C. area
High-touch medical real estate company expands its national infrastructure to better serve regional tenants and health systems Chicago and Washington D.C., February 6, 2019 — MBRE Healthcare, the largest private owner of healthcare properties in the country, announced today the opening of its eighth regional office in the greater Washington D.C. area, located at 20955 […]
News Release: Rendina Completes North Alabama Medical Center Medical Office Building in Florence, Ala.
FOR IMMEDIATE RELEASE Media Contact: Steve Barry, Rendina, 866.630.5055, sbarry@rendina.com Rendina Completes North Alabama Medical Center Medical Office Building in Florence, Ala. FLORENCE, Ala. Feb. 6, 2019 – On the heels of the recently completed North Alabama Medical Center (NAMC) hospital campus in Florence, NAMC and Rendina Healthcare Real Estate are celebrating the grand opening […]