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Transactions: MBRE Healthcare acquires Seattle-area MOB for $17.45 million in a sale-leaseback transaction
PUYALLUP, Wash. – Newmark Grubb Knight Frank (NGKF) Global Healthcare Services announced May 15 that it recently closed on the $17.45 million sale of the 31,921 square foot Rainier Orthopedic Institute in Puyallup.
Transactions: Pat Davis Properties acquires four-building Forest Green office/med complex in Dallas
DALLAS – Marcus & Millichap announced May 2 that it handled the recent sale of the four-building, 173,790 square foot Forest Green office/medical complex in Dallas.
Transactions: In a single day, Caddis buys two MOBs, advises in a sale and refinances a portfolio
DALLAS – Healthcare real estate professionals often say that closing just one transaction involves a grueling mix of stress and tedium that can drag on for days.
Transactions: Griffin American Healthcare REIT IV acquires a pair of identical Athens, Ga., MOBs for $16.8M
ATHENS, Ga. – American Healthcare Investors and Griffin Capital Company LLC, the co-sponsors of Griffin-American Healthcare REIT IV Inc., announced May 24 that the REIT has acquired two identical MOBs totaling 61,203 square feet in Athens.
Transactions: Hammes Partners II acquires medical group portfolio in Massachusetts for $28.5 million
CHICOPEE, Mass. – Brookfield, Wis.-based Hammes Partners II LP, an investment fund affiliated with Hammes Company, in May closed on the acquisition of a three-MOB portfolio anchored by Chicopee-based Riverbend Medical Group, which is part of Springfield, Mass.-based Sisters of Providence Health.
Transactions: JLL brokers $137.6 million sales of six inpatient rehabilitation hospitals in three states
BOSTON – JLL’s Boston-based Capital Markets group recently handled the sales of six inpatient rehabilitation hospitals in Arizona, Pennsylvania and Texas for a total of $137.6 million for the seller, Healthcare Realty Trust (NYSE: HR).
Outpatient Projects: A joint venture for the times
Cleveland Clinic selects Rendina for first partnership with a third-party developer By John B. Mugford The Cleveland Clinic’s real estate portfolio is a vast one, as it owns and/or operates about 32 million square feet of medical facilities, with the vast majority being in and around its home base in northeastern Ohio.
Outpatient Projects: Ryan Cos. completes new MOB for mental health group, creating a campus near Minneapolis
BROOKLYN PARK, Minn. – The recent opening of a new 41,000 square foot MOB in Brooklyn Park, a Minneapolis suburb, allows Minneapolis-based PrairieCare LLC to create a mental health campus on the site.
Outpatient Projects: Erlanger to lease most of Johnson Development’s $18 million MOB in Chattanooga, Tenn.
CHATTANOOGA, Tenn. – In more news from Chattanooga-based Erlanger, the system recently announced that it plans to open a full-service outpatient cancer center in a new $18 million, four-story, 80,000 square foot MOB being developed on its Erlanger Hospital East campus in Chattanooga.
Outpatient Projects: McCarthy, HKS start $40 million, 90,000 s.f. pediatric MOB for Erlanger in Chattanooga, Tenn.
CHATTANOOGA, Tenn. – A $40 million pediatric outpatient facility is underway as the first phase of a new replacement children’s hospital campus in Chattanooga for Erlanger Health System.
Outpatient Projects: Panattoni breaks ground for $30 million, 68,000 s.f. Dignity Health MOB near Sacramento, Calif.
CITRUS HEIGHTS, Calif. – Dignity Health Medical Foundation broke ground May 23 for a $30 million, three-story, 68,000 square foot MOB in Citrus Heights, northeast of Sacramento, Calif.
Outpatient Projects: Downtown Minneapolis hospital adding $224.6 million, 377,000 square foot outpatient facility
MINNEAPOLIS – Work is well underway on a future six-story, 377,000 square foot outpatient center in downtown Minneapolis for the 455-bed Hennepin County Medical Center (HCMC).
Outpatient Projects: Rendina opens 87,000 square foot expansion for Clara Maass Medical Center in New Jersey
BELLEVILLE, N.J. – In still more news from Rendina, the firm announced May 24 that it recently celebrated the opening of an 87,000 square foot MOB and intensive care unit (ICU) expansion of the Clara Maass Medical Center in Belleville, just north of Newark, N.J.
Outpatient Projects: PMB, Sawtooth Development start construction on $18.5 million, 60,000 s.f. MOB in Colorado
SUPERIOR, Colo. – In more news from PMB, the San Diego-based firm and Boise, Idaho-based Sawtooth Development Group, which has an office in San Diego, started work on a future $18.5 million, 60,000 square foot MOB as part of a mixed-use project in downtown Superior, near Boulder, Colo.
Outpatient Projects: Cornerstone Companies breaks ground on $7 million MOB in Tipton, Ind., north of Indianapolis
TIPTON, Ind. – Indianapolis-based Cornerstone Companies Inc. recently that it has broken ground on a $7 million MOB in Tipton, about 40 miles north of Indianapolis.
