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For Sale: Denver Class A Medical Office – Value-Add Leasing Opportunity
Class A Outpatient Center with Value-Add Potential Offering Information Offering Price: Best Offer Building Size: 36,541 SF Year Built: 1987 Year Renovated: 2005 Occupancy: 66% In-Place NOI: $488,442 The Offering CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer the Renewal Medical Center (the “Property”) for purchase. The Property totals 36,541 square feet of […]
For Sale: Value-add Owner-User Medical Office Opportunity Mesa, AZ
Sandstone East 2626 East University Drive Mesa, Arizona 85213 Sandstone East is a ±11,308 square foot medical office building located just west of the intersection of Lindsay Road and University Drive in the densely populated city of Mesa, Arizona. The Property, formerly occupied by a physical therapy company and medical general practitioner, is conducive for […]
News Release: UC Merced Receives Six Statements of Qualifications for 2020 Project The campus will now develop a short-list of teams to which the request for proposals will be released later this year.
MERCED, Calif. — In a strong indication of broad interest in partnering with the University of California, Merced, to further grow the UC system’s newest campus, six respondent teams submitted statements of qualifications (SOQ) to participate in the 2020 Project. The 2020 Project includes the comprehensive development of academic, administrative, research, recreational, student services and […]
News Release: Ygnacio Woods Office Complex Secures Lease Renewal with Key Tenant for a Third of the Building
Transwestern Represents Building Owner in Transaction with Diablo Clinical Research (August 1, 2014 – Walnut Creek, CA) – Transwestern today announces it negotiated a lease renewal of 13,106 square feet for seven years at 2255 Ygnacio Valley Road in Walnut Creek, California. Diablo Clinical Research, which occupies more than one third of the building, intends […]
News Release: Transwestern names Eric Johnson as executive managing director of national healthcare platform
Firm Elevates National Practice Amid Change, Consolidation in Healthcare Industry (JULY 31, 2014 – Houston) – Transwestern’s headquarters today announces Eric Johnson has been promoted to the newly created position of executive managing director of the firm’s national healthcare platform. Based in the firm’s Houston office, Johnson will execute innovative strategies and develop best practices […]
News Release: Debt Raise for the acquisition of a two building, 51,681 SF MOB Portfolio Located in Tampa, Florida
Transaction Overview Healthcare Real Estate Capital (“HRE Capital”) was selected as the exclusive advisor to AW Property Co. (“AW”) related to securing financing for the acquisition of a 51,681 square foot medical office building portfolio (“Portfolio”) located in Tampa, Florida. The two on-campus, single-tenant medical office buildings are subject to long-term lease agreements with dominant, […]
News Release: JLL Taps Veteran Expert to Lead Financing Efforts in Pacific Northwest
John Lo joins Seattle office to lead debt and equity practice SEATTLE, July 30, 2014 – Strong demand for debt and equity expertise in the Pacific Northwest has led JLL’s Capital Markets to hire industry veteran John Lo to lead the firm’s real estate investment banking practice for Washington and Oregon. Lo will work with […]
For Sale: 94% Leased Medical Office Campus in Regional Medical Corridor – Memphis MSA
Pinnacle Center – 7900 Airways Boulevard Southaven, Mississippi Investment Summary Square Footage: 73,859 Year Built: 2002-2003 Occupancy: 94.2% Net Operating Income: $876,373 The Offering CB Richard Ellis Memphis, LLC is pleased to present for sale the Pinnacle Center located in Southaven, Mississippi. Constructed from 2002 to 2003, the Pinnacle Center consists of three (3) office […]
News Release: BGL Announces the Formation of a National Healthcare Real Estate Group
(July 30, 2014) Brown Gibbons Lang & Company (BGL), a leading middle market investment bank, is pleased to announce the formation of the National Healthcare Group within Brown Gibbons Lang Real Estate Partners (BGLRP), BGL’s real estate investment sales advisory practice. BGLRP’s National Healthcare Group operates in all U.S. markets, specializing in providing healthcare real […]
July 2014 PDF
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Archives: July 2014
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Cover Story: Development on the mend
Rising demand for outpatient space is fueling the rebound By John B. Mugford As Philip J. “PJ” Camp puts it, healthcare development “fell off a cliff” back in 2009. That cliff, as it’s turned out, has been quite difficult to re-climb, as the number of annual healthcare real estate (HRE) projects has remained relatively flat […]
Transactions: New hospital owner acquires MOB across the street in Downey, Calif.
DOWNEY, Calif. – On the heels of acquiring the former Downey Regional Medical Center, PIH Health recently purchased an MOB across the street from what is now known as PIH Health Hospital–Downey. The not-for-profit health system, which was founded in 1959 and is based in Whittier, Calif., paid $11.3 million for the 56,121 square foot […]
Transactions: ARC Healthcare Trust II continues to make buys, nears closing of offering
NEW YORK – Like its predecessor with a very similar name, ARC Healthcare Trust II Inc. is off to a fast start in the healthcare real estate (HRE) sector. So fast, in fact, that the non-traded real estate investment trust (REIT) is already nearing the possible closing of its public stock offering, which began in […]
Transactions: DOC REIT keeps on making buys
Recent acquisitions push Physicians Realty Trust’s portfolio above $500 million By John B. Mugford At the time of its initial public offering a year ago this month, Milwaukee-based Physicians Realty Trust (NYSE: DOC) owned a portfolio of medical properties with a total purchase-price value of about $124 million.