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Transactions: MOB in Redmond, Wash., acquired by individual investor for $569 per square foot
REDMOND, Wash. – The 41,153 square foot Redmond Medical Center, a three-story MOB at 8301 161st St. N.E., in Redmond, recently changed hands for $23.4 million, or about $569 PSF, according to data from RCA.
Transactions: USC buys building it occupies on its in Los Angeles health campus for $111 million
LOS ANGELES – Professionals involved in MOB transactions say that while some health systems are considering selling certain outpatient facilities to third-party investors, others are, under certain circumstances, looking to acquire properties in which they are, or will be, the main or sole tenants.
Transactions: Griffin-American IV bets big on Reno
REIT acquires 191,000 square foot on-campus facility for $66.3 million By John B. Mugford On its campus in Reno, Nevada, Saint Mary’s Regional Medical Center’s primary outpatient location is a six-story, 191,000 square foot medical office building (MOB) at 633 N. Arlington Ave.
Transactions: Commercial complex outside of Los Angeles sells, includes strong medical component
ARCADIA, Calif. – City of Industry, Calif.-based JLJ (USA) Investment LLC recently acquired a 156,046 square foot retail, restaurant and office complex in Arcadia, near Los Angeles, for $62.1 million.
Hot Property: Oregon MOB is home to large group
Credit-rated health system also occupies facility in Portland’s Gateway area Name: Oregon Clinic Gateway MOB Address: 1111 N.E. 99th Ave. City, State: Portland, Ore. Year built: 2006 Stories: three Square feet: 101,142 Occupancy: 100 percent Avg. remaining lease: 9.7 years Brokerage: CBRE Brokers: Chris Bodnar, Lee Asher With more than 230 doctors practicing in 60 […]
Transactions: St. Paul, Minn.-based HealthEast system acquires MOBs on two of its suburban campuses
ST. PAUL, Minn. – St. Paul-based HealthEast, which operates four hospitals in St. Paul and its suburbs, recently acquired two MOBs on suburban campuses from Minot, N.D.-based Investors Real Estate Trust (NYSE: IRET).
Transactions: Health system in East San Gabriel Valley of California buys MOB on one of its campuses
WEST COVINA, Calif. – Covina, Calif.-based Citrus Valley Health Partners (CVHP), which has three hospitals in the East San Gabriel Valley, recently acquired an MOB on the campus of its Queen of the Valley Hospital in West Covina, about 20 miles east of Los Angeles.
Transactions: High-profile, large MOB in San Francisco part of Regency Centers’ REIT deal
SAN FRANCISCO – When Regency Centers Corp. (NYSE: REG) closed in early March on its $5 billion acquisition of Equity One Inc. (NYSE: EQY), more than 120 properties changed hands.
Outpatient Projects: St. Paul, Minn.-based Wellington plans MOB on city-owned land in Minneapolis
MINNEAPOLIS – St. Paul, Minn.-based Wellington Management, which was awarded the development rights for a commercial project at 2101 West Broadway in Minneapolis 2016, recently submitted plans for a two-story MOB and a 150-space parking structure.
Outpatient Projects: As construction starts on future MOB in Atlanta’s Buckhead, it is 30 percent pre-leased
ATLANTA – Construction has begun on a previously announced MOB in the Buckhead area of Atlanta, and the future nine-story, 120,000 square foot building is about 30 pre-leased, according to the developer on the project, Atlanta-based The Loudermilk Companies LLC.
Outpatient Projects: Trammell Crow would develop 200,000 s.f. MOB in Riverside County, Calif.
MORENO VALLEY, Calif. – Local news report in recent months indicate that Dallas-based Trammell Crow Co. has entered an agreement with Riverside County, Calif., to build a large MOB next to the county-run hospital in Moreno Valley.
Outpatient Projects: Florida Hospital Winter Garden starts new 72,000 square foot, on-campus MOB
WINTER GARDEN, Fla. – A 72,000 square foot MOB now under construction in Winter Garden, west of Orlando, Fla., will house specialty physicians providing services for adults and children.
Outpatient Projects: Project’s aim is to improve health
Winter Park, Fla., complex will offer MOB space, rehab and fitness … even a farmers’ market By John B. Mugford A project slated for Winter Park, Fla., near Orlando, could be considered a new type of outpatient healthcare destination, as the 80,000 square foot complex will have a goal of improving the health of the […]
Outpatient Projects: Florida-based developers to develop 82,000 square foot MOB in Fort Lauderdale
FORT LAUDERDALE, Fla. – Ground was scheduled to be broken March 15 for the 82,000 square foot Cypress Creek Medical Pavilion on an 8.5-acre site at 2122 West Cypress Creek Road in Fort Lauderdale.
Outpatient Projects: Nashville, Tenn.-area developer building MOB for local health system physicians group
BELLEVUE, Tenn. – Nashville, Tenn.-based Saint Thomas Medical Partners, affiliated with Saint Thomas Health and St. Louis-based Ascension Health, will be the sole tenant in a three-story MOB underway in Bellevue, near Nashville.
