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News Release: Just Sold – Value-Add Medical Office Project Trades for $6.3 Million in Redlands, CA
Transaction Summary CBRE’s Investment Properties-So Cal team is pleased to announce the sale of Park Plaza, a three-building medical office project located at 1776, 1782 and 1790 West Park Avenue in Redlands, California, at a price of $6,300,000. The 52,407-square-foot project was 32% occupied at the time of sale. Gary Stache, Sammy Cemo, Doug […]
News Release: Guthrie Sees Growth, Plans Tompkins County Expansion
Guthrie has announced plans to move forward with construction of a medical office building as part of a mixed-use property planned for Ithaca’s City Harbor waterfront development. Guthrie will occupy a three-story, 60,000 square-foot medical office building at 101 Pier Road. The building will house a mix of clinical services designed to meet the identified […]
News Release: St. James Hospital Cuts Ribbon on New Medical Office Building
Hornell, NY – St. James Hospital celebrated the opening of its new medical office building today at a ribbon-cutting ceremony and tour with community members, St. James providers and employees, UR Medicine leadership and elected officials, including New York Lt. Gov. Kathy Hochul. Located at 7309 Seneca Road North, in the former Wegmans plaza, the […]
News Release: Healthcare News to Use: TCC Begins Development of Hospital in the Northeast
Seavest & Trammell Crow Company Begin Development of Neighborhood Hospital for Allegheny Health Network The firms are helping to bring expanded emergency services, cancer care and other medical services to Westmoreland County, PA. Hempfield TWP, PA., and White Plains, N.Y., November 29, 2018 – Patients of Allegheny Health Network (AHN), a subsidiary of Highmark Health, […]
News Release: Ankura Healthcare Real Estate Solutions and Medicus Capital break ground on a 50,000-SF Outpatient Care Center for Northwest Community Healthcare in Kildeer, Illinois
Kildeer, IL – More than 60 guests, including Northwest Community Healthcare leadership, Kildeer’s Village President, real estate investor Medicus Capital, development firm Ankura Healthcare Real Estate, builder Leopardo Companies and lender Wintrust Financial, attended a groundbreaking ceremony held on November 16th to mark the start of construction on a 50,000-square-foot, two-story Outpatient Care Center. The […]
News Release: Montecito Medical Acquires Medical Office Portfolio in Virginia
Nashville, Tenn. — Montecito Medical, a premier owner of medical office buildings throughout the U.S., has acquired a portfolio consisting of three prime medical office buildings and a medical office condominium in the Richmond, Virginia, market area. The four properties in the portfolio — Boulders Medical Office Building, Memorial Regional Building, Johnston Willis Medical Office […]
News Release: Just Sold: Oceans Behavioral Health
Oceans Behavioral Health 3300 S FM 1788, Midland, TX 79706 64 Beds Just Sold in Midland, Texas: Krone Weidler, LJ Tsunis, and Kimberly Hamilton are pleased to announce the successful sale of Oceans Behavioral Health located in Midland, Texas. They had the exclusive listing to market the property on behalf of the seller, a professional […]
News Release: Sabal Bay Centre Sold
The medical and retail property in Naples sold for $5.8M Naples, FL (November 16, 2018) – Equity LLC announced that Mike Concilla and Hamish Williams recently brokered the sale of Sabal Bay Centre in Naples, FL for $5.8 million. Mike and Hamish represented Equity Sabal Bay MOB, LLC in the selling of the Sabal Bay, […]
News Release: American Healthcare Investors Negotiates Credit Facility of up to $650 Million on Behalf of Griffin-American Healthcare REIT IV
Irvine, Calif. (Nov. 27, 2018) – American Healthcare Investors, LLC and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT and certain of its subsidiaries have entered into a new credit facility totaling $400 million with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Key Bank Capital Markets and […]
Finalists: Best Post-Acute/Senior Living: PAM Rehabilitation Hospital of Centennial Hills, Las Vegas
Developer: Sina Companies Sina Companies determined there was a need for an inpatient rehabilitation facility near its 24-acre campus in northwest Las Vegas.
Transactions: ESJ Capital Partners sells repositioned medical services campus in Tampa, Fla., for $18 million
Washington NJ – A pair of New Jersey-based real estate firms were recently involved in a transaction involving a 106,415 square foot outpatient campus in the planned community of The Village at
Industry Pulse: A Stronger Post-Acute Sector Could Benefit HRE
If more health systems acquire post-acute operations, that could benefit the real estate One of the largest publicly traded, healthcare-focused real estate investment trusts (REITs), Toledo based Welltower Inc. (NYSE: WELL), has launched a new report focused on HRE trends and analyses.
Inpatient Projects: Mayo Clinic plans $648 million expansion at its campus in Phoenix, nearly doubling its size
Phoenix – As demand for its services continues to increase in the Southwest, Rochester, Minn.- based Mayo Clinic has announced plans for a $648 million expansion of its campus in the northern part of Phoenix. The five-year project, known as Arizona Forward,
Companies & People: Griffin-American Healthcare REIT III reports Q2 operating results; portfolio valued at $3 billion
Irvine, CA – Irvine-based Griffin-American Healthcare REIT III Inc. announced its operating results for the second quarter (Q2), when the non-traded real estate investment trust (REIT) achieved an average occupancy of 92.4 percent in its non-RIDEA properties and
Transactions: New Atlanta MOB sells for $83 million
DOC acquires 12-story Midtown MOB, which is anchored by Northside Hospital By John B. Mugford The sale of a large, newly completed MOB in the heart of Atlanta’s popular Midtown area comes on the heels of several years of diligent work by Atlanta based Northside Hospital Inc. and Realty Trust Group (RTG), a fullservice healthcare […]