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News Release: Marcus & Millichap Arranges Sale of 18,708 Square Foot Medical Office Building
RIVERVIEW, FL, July 5, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Bay Area Physicians Surgery Center, an 18,708 square foot medical office property located in Riverview, Florida, according to Ari Ravi, regional manager of […]
News Release: Blue Moon Capital Partners Acquires Off-Market Senior Housing Community
Boston, MA (June 30, 2017)—Blue Moon Capital Partners LP (“Blue Moon”), a leading senior housing private equity investor, announced today that it has acquired a majority interest in The Carillon at Boulder Creek (“The Carillon”), a 117- unit senior living community located in Boulder, Colorado adjacent to the University of Colorado campus. Blue Moon replaced […]
News Release: Just Sold – 2690 Pacific Avenue Long Beach, California
Transaction Summary CBRE’s Investment Properties SoCal team is pleased to announce the sale of 2690 Pacific Ave located in Long Beach, CA at a price of $6,575,000 ($250 / SF). The 26,293 SF medical office building was 91% leased to 8 tenants and is located adjacent to the renowned Long Beach Memorial Medical Center. Gary […]
News Release: A M King Starts Multi-Tenant Medical Office Building in Steele Creek
Charlotte, NC—A M King, a fast-growing Design-Build firm, announced that it has begun construction of a new medical office building at the intersection of Steele Creek and S. Tryon St. The two-story building is a joint venture between The Keith Corporation and Sports Med Properties, LLC. and will comprise roughly 24,000-square-feet. The building is being […]
News Release: Longtime San Antonio building/ infrastructure professional joins forces with nation’s leading healthcare facility developer
SAN ANTONIO, TEXAS, June, 29, 2017 – Alvaro Rizo-Patron has recently joined Hammes, the nation’s leading provider of healthcare building strategies, as the new Regional Vice President for the company’s growing Texas market. Mr. Rizo-Patron has been involved in many of San Antonio’s most important capital projects, including the San Antonio Airport Expansion, Bexar County […]
News Release: Ryan Architecture and Engineering Makes Key Hires in Healthcare Sector
Johnson and McLane Bring 22 Years of Collective Experience to Healthcare Team Minneapolis, MN (June 29, 2017) Ryan A+E, Inc., Ryan Companies’ architecture and engineering practice, announces the hiring of two key architects to their growing team. The addition of Alena (Sakalouski) Johnson and Adam McLane demonstrates the significant value Ryan Companies places on the […]
Outpatient Projects: Rendina to break ground in fall 2017 on ambulatory care center in Bristol, Conn.
BRISTOL, Conn. – In more news from Jupiter, Fla.-based Rendina Healthcare Real Estate, the company says it plans to break ground this coming fall on a 60,000 square foot ambulatory care center (ACC) in downtown Bristol, a city of about 60,000 residents.
Hot Property: Office park emerging as MOB hotbed
Five-building property complements Houston’s Texas Medical Center Name: Pin Oak Portfolio City: Bellaire, Texas (Houston metro) Number of buildings: 5 Square feet: 504,721 Campus size: 12 acres Occupancy: 93 percent Medical tenancy: 58 percent Brokers: Mindy Berman, Tom Fish, Brian Bacharach and Rudy Hubbard of JLL In Greater Houston, one of the most affluent, conveniently […]
Transactions: Montecito acquires “premier destination” MOB in Carlsbad, Calif., for $27.3 million
CARLSBAD, Calif. – Nashville, Tenn.-based Montecito Medical Real Estate in May acquired the 49,580 square foot North Coast Medical Plaza in Carlsbad, an affluent coastal town just north of San Diego.
Transactions: The Sanders Trust enters its 22nd state with $21 million purchase in Maryland
HAGERSTOWN, Md. – Birmingham, Ala.-based The Sanders Trust (TST), an HRE facilities owner and development firm, recently made its foray into Maryland, the 22nd state where it has a presence.
Transactions: Pension fund buys Houston-area MOBs for $58 million; Marcus & Millichap brokers the sale
HOUSTON – Institutional Property Advisors (IPA), a Marcus & Millichap subsidiary, announced in early June that it brokered the $58 million sale of a portfolio of fully leased medical office buildings (MOBs) near Houston: Memorial Hermann Surgical Hospital and Physicians Pavilion in Sugar Land, and two UT Physicians facilities in Sugar Land and Richmond.
Transactions: MPT to acquire 11 hospitals for $1.4B
Hospital-focused REIT will buy 11 IASIS facilities from Steward Health Care By John B. Mugford Birmingham, Ala.-based Medical Properties Trust Inc. (NYSE: MPW) in May announced that it had signed definitive agreements to acquire the real estate interests of 10 acute care hospitals and one behavioral health facility operated by Franklin, Tenn.-based IASIS Healthcare. The […]
Transactions: HTA lands $150 million MOB portfolio
REIT acquires 11 assets in Arizona, California from NexCore-Heitman joint venture By John B. Mugford Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) grabbed headlines in May for its pending acquisition of most of Indianapolis-based Duke Realty Corp.’s (NYSE: DRE) medical office building (MOB) portfolio. The price tag is likely to be at or […]
Transactions: MedProperties Holdings, Cypress West acquire Bakersfield, Calif., MOB for $16.1 million
BAKERSFIELD, Calif. – A partnership of Dallas-based MedProperties Holdings LLC and Rancho Santa Margarita, Calif.-based Cypress West Partners recently acquired Riverwalk Medical Plaza, a 54,923 square foot MOB in Bakersfield.
