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Transactions: Buyer acquires distressed three-story, 105,717 square foot MOB north of Detroit for $6.6 million
CLARKSTON, Mich. – The three-story, 105,717 square foot Mid-Oakland Medical Center at 6770 Dixie Highway in Clarkston, about 40 miles north of Detroit, has been sold.
Transactions: MOB sales stay strong in Q4
But as 2015 came to an end, volume showed signs of slowing, if ever so slightly By John B. Mugford On the surface, medical office building (MOB) sales remained strong throughout the record-setting year of 2015. But by the end of the year, the total sales volume in the fourth quarter (Q4) showed some signs […]
Transactions: Boulder Group brokers MOB sales
Transactions included properties in Chicago, Milwaukee and Vincennes, Ind. By Connie M. McCaffrey The Boulder Group, a Northbrook, Ill.-based boutique investment real estate service firm specializing in single-tenant net-lease properties, recent brokered the separate sales of three medical facilities in Milwaukee, Chicago and Vincennes, Ind.
Hot Property: Cap rate tops 8% for Kent, Wash., asset
Benson Business Park boasts a stable roster of medical and professional tenants Name: Benson Business Park Address: 25012-25022 104th Ave. City: Kent, Wash. Total leasable square feet: 24,411 Number of buildings: 3 Number of floors: 1 Land Area: 1.54 Acres Occupancy: 89% Year built: 1985-87 Parking ratio: 3.28/1,000 square feet Brokerage: CBRE Brokers: Craig Wilson, […]
Transactions: SIG brokers institutional investment firm’s $4.41 million acquisition of two Pennsylvania
SANTA MONICA, Calif. – Sands Investment Group (SIG) announced the net-lease sale of two Pennsylvania MOBs.
Outpatient Projects: Lendlease opens VA Clinic in N.C.
New $130 million ‘23-hour hospital’ is agency’s largest leased outpatient center By Erin E. Porter Lendlease has opened the Kernersville U.S. Department of Veterans Affairs (VA) Health Care Center in Kernersville, N.C. The $130 million, 400,000 gross square foot multispecialty clinic, located in the Piedmont Triad area in the north-central part of the state, is […]
Outpatient Projects: Northern Ohio community gets new $80 million OhioHealth outpatient facility
MANSFIELD, Ohio – In the northern Ohio community of Mansfield, located midway between Columbus and Cleveland via Interstate 71, OhioHealth last fall opened a new $80 million, “state-of-the-art” medical office and outpatient surgery facility next to the existing OhioHealth Mansfield Hospital.
Outpatient Projects: Boldt Co., Centura Health and local hospital plan to develop MOB in Canon City, Colo.
CANON CITY, Colo. – St. Thomas More Hospital (STM) recently announced plans to develop a multi-specialty on-campus (MOB) in partnership with Centura Health and The Boldt Co.
Outpatient Projects: HCP adding MOB at The Woodlands
REIT to expand Memorial Hermann relationship with additional medical office By Murray W. Wolf HCP Inc. (NYSE: HCP), the healthcare real estate investment trust (REIT) that acquired 11 on-campus medical office buildings (MOBs) from Memorial Hermann Health System last year, plans to expand its holdings with a new ground-up development on the Houston-based system’s hospital […]
Outpatient Projects: Paragon and Oxford start leasing planned five-story, 62,000 square foot MOB in South Miami
SOUTH MIAMI, Fla. – Partners Paragon Group and Oxford Universal Design Build recently began leasing for a five-story, 62,000 square foot MOB on 0.9 acres at 6101 S.W. 72nd St. (Sunset Drive) in South Miami, according to the local South Florida Business Journal.
Outpatient Projects: HCA says MOB, office building and parking garage are planned for site in Nashville, Tenn., area
BRENTWOOD, Tenn. – HCA Holdings Inc. (NYSE: HCA) says it plans to build a 119,000 square foot medical office building (MOB), a 259,000 square foot general office building and a six-story parking garage at the American International Group (AIG) Inc. campus in Brentwood that it acquired in 2014.
Outpatient Projects: Triple P LLC gains approval for three-story, 45,517 square foot MOB in Arroyo Grand, Calif.
ARROYO GRANDE, Calif. – The Arroyo Grande City Council unanimously approved plans for a three-story, 45,517 square foot, MOB at Fair Oaks Avenue and Woodland Drive, near Arroyo Grande Community Hospital.
Inpatient Projects: Cost for UC San Diego’s Jacobs Medical Center rises again, inflating total tab to $943 million
LA JOLLA, Calif. – Faulty financial forecasting, a lack of large-hospital construction experience, a fast-track schedule and a decision to add features have boosted the total cost of the Jacobs Medical Center to $943 million, reports the local San Diego Union-Tribune newspaper.
Inpatient Projects: $300 million Oxford, Miss., replacement hospital underway, attracting MOB development
OXFORD, Miss. – Baptist Memorial Hospital-North Mississippi is working toward a December 2017 opening of a $300 million, 217-bed, five-story, 602,831 square foot replacement hospital in fast-growing Oxford.
Inpatient Projects: Highland Hospital dedicates acute care tower in Oakland, Calif., as part of $668 million project
OAKLAND, Calif. – The Alameda County (Calif.) Board of Supervisors and other dignitaries recently dedicated “the jewel” of the $668 million revitalization of the Highland Hospital campus in Oakland: a 169-bed, nine-story, 250,000 square foot acute care tower.