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News Release: Roy, Edward and Rizzo of NGKF Represent Largest U.S. Healthcare Union in Headquarters Relocation to Quincy, MA
Boston, MA (January 8, 2016) — Newmark Grubb Knight Frank (NGKF) represented 1199SEIU United Healthcare Workers East (1199SEIU) in the leasing of 41,549 square feet at 108 Myrtle Street in Quincy, Massachusetts. 1199SEIU signed the lease following NGKF’s strategic analysis of suitable, local options for the union’s new headquarters. 1199SEIU is the largest healthcare union […]
News Release: New Ownership for Two Medical Office Buildings in Waco, Texas
Waco, Texas, September 30, 2015 – Central Texas Medical Investments, Ltd., a physician-owned limited partnership, through a joint disposition transferred ownership of two Medical Office Buildings in Waco, Texas on September 30, 2015. These Class A assets are described as 601 West Highway Six and 6600 Fish Pond known as the Six West and Fish […]
Wellmont, Mountain States Share Public Report Outlining Future Plans to Improve Health in Region
Report reflects extensive community input, describes commitments in six key areas KINGSPORT and JOHNSON CITY, Tenn. (January 7, 2016) – Mountain States Health Alliance and Wellmont Health System today released a public report outlining a series of binding commitments the proposed new organization will make about how it will operate and uniquely serve the community […]
News Release: Duke Realty healthcare properties receive high marks in 2015 Tenant Satisfaction Assessment
Results in nearly every category surpassed the Kingsley Index, the largest, most comprehensive performance-benchmarking database in the real estate industry INDIANAPOLIS, Jan. 6, 2016 – Tenants in Duke Realty healthcare properties across the country are very satisfied with their experience in the facilities and say they are likely to renew their lease and recommend the […]
News Release: Fairfield Advisors announces successful sale of Medical Office Building portfolio in Las Vegas, Nevada – $54,860,000 Sale
January 5, 2016 (Denver, CO. and Las Vegas NV.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Siena Heights Medical Office Building portfolio in Henderson, Nevada. The buildings are located at 2825, 2845, and 2865 Siena Heights Drive and consist of 139,400 square feet. […]
News Release: HFF secures $39.6 million refinancing for 9-property healthcare portfolio in Dallas/Fort Worth and Houston
DALLAS, TX – January 5, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $39.6 million refinancing for a nine-property healthcare portfolio totaling 234,000 square feet in Dallas/Fort Worth and Houston, Texas. Working on behalf of the borrower, Pinecroft Core Holdings LLC, HFF placed the 10-year, fixed-rate loan with Voya. […]
News Release: Shamim Wu Named President and Chief Operating Officer, Silverado
IRVINE, CA – January 5, 2016 – Shamim Wu has been named President and Chief Operating Officer of Silverado, effective January 18, it was announced today by Loren Shook, Chairman and Chief Executive Officer, Silverado. With a solid track record of building and coaching teams to understand and meet the needs of seniors, Ms. Wu […]
News Release: Gazit-Globe Completes a Common Stock Offering Raising NIS 604 Million (US$ 155 Million)
The offering saw high demand of approximately NIS 1 billion in orders TEL-AVIV, ISRAEL; December 31, 2015 – Gazit-Globe (NYSE; TSX; TASE: GZT), one of the world’s leading multi-national real estate companies focused on the management, acquisition, development and redevelopment of supermarket-anchored shopping centers in major urban markets, announced today the closing of its public […]
News Release: NexCore completes development of the Medical Office Building at Holy Cross Germantown Hospital
The MOB, which is directly connected to Holy Cross Germantown Hospital, is needed to meet the increased demand for healthcare services in this fast-growing region of Maryland GERMANTOWN, Md., and DENVER, Colo., Dec. 30, 2015 – NexCore Group, a national healthcare real estate developer, announced that it recently completed the 80,000 square foot, four-story Medical […]
Capital Markets: The importance of basis in MOB loans
Understanding the implications of property age, location and specialization By Erik Tellefson Commercial real estate wisdom generally states that “there is no bad loan, only a bad basis,” and that still largely holds true—especially in medical office lending.
Archives: December 2015
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Archives: 2015
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December 2015 PDF
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Feature Story: 2015 HREI Insights Awards Finalists: Best New MOB (100,000 S.F. OR MORE)
Conventus, Buffalo, N.Y. Developer: Ciminelli Real Estate Corp. There was both a need and an opportunity for a signature facility to serve as the northern gateway at the massive Buffalo Niagara Medical Campus. The challenge for Ciminelli and its project team was to build a facility to house both healthcare providers and research firms on […]
Feature Story: 2015 HREI Insights Awards Finalists: HRE Executive of the Year
Michael Bennett & Philip Mahler Managing Directors, HFF Mr. Bennett and Mr. Mahler spearhead HFF’s national medical office building (MOB) capital markets group. Under their leadership, HFF has grown its MOB-focused business by adding two professionals in San Diego and Philadelphia, growing the group’s presence, and investment sales results, nationwide. While at HFF, Messrs. Bennett […]