News Release: Flagship Healthcare Properties Grows REIT Portfolio With Tennessee Acquisition

News Release: Flagship Healthcare Properties Grows REIT Portfolio With Tennessee Acquisition

  Knoxville, Tennessee – July 30, 2018 – Flagship Healthcare Properties is pleased to announce it has acquired for its private REIT portfolio, the Knoxville Dermatology Group medical office building in Knoxville, Tennessee. The two story, 28,000 square foot, state-of-the-art medical office building was developed in 2015 and is occupied by Knoxville Dermatology Group, one of […]

News Release: Avison Young brokers $2.8-million sale of 32nd Street SurgiCenter in Phoenix

News Release: Avison Young brokers $2.8-million sale of 32nd Street SurgiCenter in Phoenix

ST Real Estate, LLC sells fully occupied medical office building to private trust Phoenix, AZ – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has brokered the $2.8-million sale of 32nd Street SurgiCenter, a fully occupied, 10,488-square-foot (sf) medical office building in Phoenix. Avison Young Principals, Julie Johnson and […]

July 2018 PDF

July 2018 PDF

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July 2018

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Germany-based Commerz Real acquired the 25-story, 389,522 square foot building at 222 E. 41st St., for $332.5 million, or $854 per square foot (PSF). (Photo by Frank Zimmerman, courtesy of Columbia Property Trust)

Transactions: Biggest single-asset MOB deal?

Unit of German bank pays $332.5M for Manhattan MOB leased by NYU Langone By John B. Mugford In what looks to be the largest investment ever made for a single medical office building (MOB) – at least to date – the real estate arm of a German bank closed in late May on the acquisition […]

Hot Property: Another large, quality MOB portfolio

Hot Property: Another large, quality MOB portfolio

Sources say that CNL Healthcare Properties is considering a sale of its 54 MOBs Name: CNL MOB Portfolio Number of buildings: 54 Square feet: 3.26 million Locations: 17 states Seller: CNL Healthcare Properties Investment in the MOBs: $931.4 million Last year, we at Healthcare Real Estate Insights™ – and others – declared 2017 to be […]

Entries now open for sixth annual HREI Insights Awards

Entries now open for sixth annual HREI Insights Awards

Healthcare Real Estate Insights™ magazine announces that entries are now open for the Sixth Annual HREI Insights Awards, recognizing excellence in healthcare real estate. Entries are due Monday, Oct. 1, 2018. About the HREI Insights Awards™ The HREI Insights Awards™ were established by Healthcare Real Estate Insights™ magazine in 2013 to recognize excellence in healthcare real […]

Thought Leaders: Rapidly evolving health care system drawing   more investors to medical office buildings

Thought Leaders: Rapidly evolving health care system drawing  more investors to medical office buildings

New Avison Young report details changes in health care that are creating opportunities for investors WASHINGTON, DC – Changes in the health care system – despite bringing many unsettling challenges – are spurring even more investment in medical office buildings, says Avison Young Principal Jim Kornick. The nation’s aging population is creating increased demand while […]

Top: NexCore Group has begun development of the new 40,380 square foot CHI St. Francis Cancer Treatment Center  in Grand Island, Neb.

 

Bottom: Ground was broken July 12 for the new CHI St. Francis Cancer Treatment Center.

News Release: NexCore Breaks Ground for CHI Health St. Francis Cancer Treatment Center

The on-campus, one-story, 40,380 square foot cancer treatment center in Grand Island, Neb., broke ground July 12, and is set to open its doors September 2019 Top: NexCore Group has begun development of the new 40,380 square foot CHI St. Francis Cancer Treatment Center  in Grand Island, Neb.   Bottom: Ground was broken July 12 […]

Industry Pulse: HTA outlines why it remains bullish on MOBs

Industry Pulse: HTA outlines why it remains bullish on MOBs

Demographics, continued shift to outpatient care, to benefit the company In its latest investor presentation – released last week – Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) provides information as to why it, as the largest owner of medical office buildings (MOBs) in the country, remains so bullish on the property type. The investor […]

News Release: Advocate Aurora Health, Foxconn Announce Comprehensive Health Collaboration

News Release: Advocate Aurora Health, Foxconn Announce Comprehensive Health Collaboration

Agreement Aims to Enhance Quality, Care Delivery and Access While Lowering Cost July 12, 2018 Racine County, WI — Advocate Aurora Health and Foxconn Health Technology Business Group announced today a multi-faceted collaboration focused on technology innovations and integration that will drive health care of the future and improve outcomes while lowering costs for individuals and […]

Thought Leaders: HFF Quarterly Market Perspective

Thought Leaders: HFF Quarterly Market Perspective

M&A AND STRATEGIC TRANSACTIONS Healthcare REITs Pursuing Strategic Initiatives ▪Board of Directors of CNL Healthcare Properties, ~$3.5 billion MOB and SNH focused REIT, formed a special committee and retained HFF Securities as well as KeyBanc to pursue strategic alternatives, including (i) disposition of the assets and (ii) business combination with a third party, among others […]

Patients in a Waiting room

Industry Pulse: Is your HRE business ready to move beyond the boomers?

Millennials are projected to become the largest U.S. population group next year   Anyone who has been involved in the healthcare real estate (HRE) business for even a short time understands that one of the primary factors that makes the sector attractive is demographics, specifically the aging of the baby boom generation. That has certainly […]

News Release: The Hampshire Companies Breaks Ground on New Medical Office Building at Mountainside Medical Center in Glen Ridge

News Release: The Hampshire Companies Breaks Ground on New Medical Office Building at Mountainside Medical Center in Glen Ridge

Project will bring 45,375 square feet of state-of-the-art medical office space to Glen Ridge and Montclair in 1Q 2020 Glen Ridge and Montclair, N.J. (July 10, 2018) – A groundbreaking ceremony was held today for a three-story, 45,735-square-foot state-of-the-art medical office building at the former School of Nursing site across from Hackensack Meridian Health Mountainside Medical […]

News Release: Cypress West Adds to AZ Portfolio

News Release: Cypress West Adds to AZ Portfolio

Cypress West Partners Acquires 50,040-SquareFoot Phoenix Medical Office Building Rancho Santa Margarita, CA (July 10, 2018) — Cypress West Partners, a Southern California-based healthcare investment, leasing and property management firm, has acquired a class A medical office building in Phoenix in a joint venture with MedProperties Holdings LLC, a national, healthcare-focused real estate private equity firm […]