News Release: Just closed: Southern California Medical Office Portfolio

Just closed:Southern California Medical Office Portfolio The transaction included the investment sale of the G&L Medical Office Portfolio located in Southern California. The JLL Healthcare Capital Markets Group is pleased to announce the sale of the G&L Medical Office Portfolio, consisting of 9 buildings with 446,679 square-feet of medical office space in Southern California. Mindy […]

News Release: Raymond James Serves as Senior Manager for Baptist Health’s $62.765 Million Revenue Bond Issue

Raymond James Serves as Senior Manager for Baptist Health’s $62.765 Million Revenue Bond Issue For additional information, please click here to view the case study. Raymond James Healthcare Finance structured a transaction that was well received by both institutional and retail investors, allowing Baptist Health to spring into a new Master Trust Indenture and realize […]

October 2015 PDF

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Archives: October 2015

Archives: October 2015

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) Digital flipbook (COMING SOON!) 2015 Archives 2014 Archives 2013 Archives

Cover Story: Is development back?

Cover Story: Is development back?

Maybe not at peak 2006-08 levels, but healthcare construction is strong By John B. Mugford Editor’s note: This is an extended version of the article that appeared in the print edition of HREI. Has development truly made a comeback in the medical office building (MOB) sector since the throes of the Great Recession? To explore […]

Transactions: Montecito lands large MOB in Johnson City, in northeastern Tennessee

JOHNSON CITY, Tenn. – In a sale-leaseback transaction, Brentwood, Tenn.-based Montecito Medical Acquisition & Development Co. recently acquired a large medical office building (MOB) in Johnson City, a city of about 70,000 residents in the northeastern part of Tennessee.

Transactions: Physicians Realty Trust enters agreements for purchases totaling $91.5M

MILWAUKEE – In last month’s edition of Healthcare Real Estate Insights™, John T. Thomas, president and CEO of Milwaukee-based Physicians Realty Trust (NYSE: DOC), told us that the publicly traded real estate investment trust (REIT) will likely double the size of its portfolio in 2015.

Transactions: DocREIT pays $40.4 million for two-building medical office complex in Katy, Texas

KATY, Texas – In more news from Physicians Realty Trust, the REIT recently acquired the two-building Kingsland Medical Office complex in Katy. The two buildings, one a surgery center and one a rehabilitation facility, are fully occupied by tenants that include Houston-based Memorial Hermann Health System, which has 13 hospitals, seven cancer centers and numerous […]

Transactions: Owner of historic MOB in downtown Seattle lands $69.5 million in financing

SEATTLE – The owner of one of downtown Seattle’s landmark MOBs, the Medical Dental Building, recently secured $69.5 million in financing for the facility, which total 294,286 square feet, including ground floor retail.

The newly rebuilt First Hill Medical Pavilion is being offered in a submarket, the First Hill area, with a Class A MOB vacancy rate of 0.39 percent.
Photo courtesy of CBRE

Hot Property: Big offering in the hottest of markets

Newly rebuilt MOB in Seattle’s First Hill submarket is 100 percent occupied Name: First Hill Medical Pavilion Address, City: 1124 Columbia St., Seattle Year completed: 2015 Total leasable space: 227,628 Occupancy: 100% Parking spaces: 415 Originally built: 1975 Rebuilt, expanded: 2015 Largest tenant: Swedish Medical Center Seller: Trammell Crow Company Brokerage: CBRE Group Inc. Brokers: […]

The three-story, 54,246 square foot medical office building at 2825 Santa Monica Blvd. in Santa Monica, Calif., was recently acquired by Los Angeles-based Stockdale Capital Partners for $38.5 million, or $710 per square foot.
Photo courtesy of Lincoln Property Company

Transactions: MOB in ‘hot’ area trades for $710 PSF

Investor pays $38.5 million for asset in Santa Monica, Calif., healthcare corridor By John B. Mugford Los Angeles-based Stockdale Capital Partners, which started out of a family office 25 years ago, recently acquired a medical office building (MOB) in Santa Monica for $38.5 million, or $710 per square foot (PSF).

Transactions: More Healthcare Real Estate Transactions News

Associates in Ophthalmology of West Miffin, Pa., a south Pittsburgh suburb, recently sold its 27,193 square foot facility for $10.75 million. According to the brokerage firm that represented the seller, the Healthcare Capital Markets Group of Jones Lang LaSalle (JLL), the building is a Class A facility with a surgery center. Associates in Ophthalmology, the […]

Outpatient Projects: Rendina and Axis reportedly plan to develop 80,000 s.f. MOB in Fort Lauderdale, Fla.

FORT LAUDERDALE, Fla. –Rendina Healthcare Real Estate and Axis HealthCare Partners are reportedly planning a $30 million, 80,000 square foot MOB and surgery center in Fort Lauderdale.

Outpatient Projects: Greystone and Ashley submit plans for 15,000 square foot MOB near Bethlehem, Pa.

BRODHEADSVILLE, Pa. – Greystone Capital Inc., in association with Ashley Development Corp., plans to develop a 15,000 square foot medical office building in Brodheadsville that would house a primary care medical practice affiliated with St. Luke’s University Health Network, as well as other medical services.

Outpatient Projects: Ryan Cos. US gets geen light for large medical facility north of Milwaukee

MEQUON, Wis. – The potential tenant, or tenants, of a new MOB coming to Mequon, in the far northern suburbs of Milwaukee, have not been revealed.