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News Release: NKF Completes $39.2 Million Sale of MOB in Burlingame, CA
Newmark Knight Frank Announces the $39.2 Million Acquisition of a Hospital-Adjacent Medical Office Property in Burlingame, CA San Francisco, CA (December 20, 2018) — Newmark Knight Frank (NKF) has announced it has completed the $39.2 million acquisition of a 104,000-square-foot medical office property adjacent to Mills-Peninsula Medical Center in Burlingame, CA. NKF Senior Managing Director […]
News Release: Echo Development Group – New Medical | Office Acquisition
FOR IMMEDIATE RELEASE Echo Development Group, Inc. Acquires Medical/Office Property in Indianapolis Suburb Chicago, IL (December 20, 2018) – Echo Development Group, Inc. announces it has acquired its third medical/office property in Greenwood, Indiana – a near-south suburb of Indianapolis. This latest acquisition, a 12,000 square foot multi-tenant building, is located at 973 Emerson Parkway and […]
News Release: Cigna Completes Combination with Express Scripts, Establishing a Blueprint to Transform the Health Care System
Cigna with Express Scripts to deliver improved affordability, choice, and predictability through flexible, open and connected solutions Celebrates first day as a combined company by announcing an incremental investment of $200 million to support local communities, focused on improving societal health Launches Healthier Kids for Our Future, a new community engagement program to improve the […]
News Release: Location and size of Lutheran Downtown Hospital finalized
Construction kickoff for $120 million project expected summer 2019 FORT WAYNE, Ind. (Dec. 19, 2018) – Lutheran Health Network announced Wednesday details for St. Joseph Hospital’s replacement facility, which will ultimately be called Lutheran Downtown Hospital. Situated at the southwest corner of Main and Van Buren, the 60-bed acute care hospital will be built across […]
New Release: Davis closes two fourth quarter medical office acquisitions to cap a successful 2018
News Release National healthcare real estate firm acquired 220,000 SF of medical office buildings this year and developed three more totaling 81,000 SF for a total cost of $104.4 million MINNEAPOLIS, Dec. 19, 2018 – Minneapolis-based Davis is ending 2018 with a bang. The national healthcare real estate (HRE) development, property management, brokerage and investment firm […]
News Release: Cadence Capital Partners and MRXE Capital Markets complete merger
Newly combined firm now goes by the Cadence name, bringing together 40 years of combined commercial real estate equity, debt and investment sales experience, with an expanded team and offices in Denver and Chicago DENVER and CHICAGO, Dec. 19, 2018 – Commercial real estate veterans Michael Bennett and Jay Soave have merged their firms, creating […]
News Release: White Oak Healthcare Finance Acquires Capital One Healthcare Real Estate Portfolio
December 19, 2018 09:00 AM Eastern Standard Time CHICAGO & NEW YORK–(BUSINESS WIRE)–White Oak Healthcare Finance (“White Oak” or “WOHCF”) today announced it acquired an approximate $700 million portfolio of skilled nursing and seniors housing loans from Capital One Healthcare (“Capital One”) and its participant banks. Capital One provided debt financing for the transaction. Financial […]
Industry Pulse: Healthcare real estate demand like to remain strong in 2019
Experts still upbeat about HRE despite stock volatility and recession talk SCOTTSDALE, Ariz. – As the domestic and global stock markets continue to show plenty of volatility, with an economic slowdown potentially on the horizon, investors continue to look for safe places to put their money. One such place is healthcare real estate (HRE), particularly […]
News Release: MedCore Partners Breaks Ground on New Multi-Tenant Medical Office Building in Sunnyvale, TX.
December 18, 2018 – MedCore Partners, a national healthcare real estate development and brokerage firm headquartered in Dallas, TX, just announced the groundbreaking of its latest project, “Sunnyvale Medical Plaza.” Located in Long Creek Crossing at 490 US HWY 80 in Sunnyvale, Texas, the new medical office building will consist of 22,633 square feet on […]
News Release: Flagship Healthcare Trust Completes North Carolina Acquisition
For Immediate Release CHARLOTTE, NC – December 17, 2018 – Flagship Healthcare Properties (“Flagship”) announced today on behalf of its private REIT, Flagship Healthcare Trust, Inc. (“Flagship REIT”), that the REIT has acquired a Class A medical office building (“MOB”) in Concord, North Carolina. Located at 66 Concord Lake Road, directly across from Carolinas Healthcare System NorthEast, […]
News Release: Meridian Purchases 26,000 SF Medical Office Building in Torrance, Calif.; Transaction represents Meridian’s 5th acquisition in 2018
FOR IMMEDIATE RELEASE: Meridian Purchases 26,000 SF Medical Office Building in Torrance, Calif. * * * Transaction represents Meridian’s 5th acquisition in 2018 NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of a 26,000-square-foot […]
News Release: CIT Completes Financing for Three Medical Office Buildings in Tennesse
NEWS PROVIDED BY CIT Group Inc. Dec 13, 2018, 09:00 ET NEW YORK, Dec. 13, 2018 /PRNewswire/ — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Financebusiness, part of CIT’s Commercial Finance division, served as sole lead arranger of $21.4 million in senior secured credit facilities for Virtus Real Estate Capital, a private equity real estate firm that focuses on cycle-resilient alternative property […]
News Release: HFF announces $12.35M sale of Norriton Medical Center in suburban Philadelphia
PHILADELPHIA, Dec. 12, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $12.35 million sale of Norriton Medical Center, a 74,212-square-foot medical center anchored by Einstein Orthopedics and Moss Rehab in the Philadelphia suburb of East Norriton, Pennsylvania. The HFF team represented the seller, an indirect wholly owned subsidiary of Franklin Realty Development Corporation. Located […]
News Release: Announcement – $10,600,000 Medical Office Sale in Beaufort, SC. – Fairfield Advisors
Fairfield Advisors announces the sale of the Jenkins Medical Office Building in Beaufort, SC. – $10,600,000 Transaction – (Denver, CO. and Beaufort, SC. – December 10, 2018) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Jenkins Medical Office Building located in Beaufort, South Carolina. The […]
News Release: Cushman & Wakefield Expands Healthcare Advisory Practice
For Immediate Release Cushman & Wakefield Expands Healthcare Advisory Practice with Addition of Three Healthcare CRE Executives Chris Barnet, Melissa Horta and Brittani Peedin Join Cushman & Wakefield in Dallas, Las Vegas and Tampa, respectively Melissa Horta Chris Barnet Brittani Peedin ST. LOUIS, December 10, 2018 – Cushman & Wakefield has announced three new additions within its […]