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Transactions: Griffin-American REIT IV acquires 43,000 square foot MOB near Milwaukee for $7.6 million
Glendale, Wis. – Irvine, Calif.-based Griffin-American Healthcare REIT IV recently purchased an 80 percent occupied, 43,000 square foot MOB in Glendale, a suburb north of Milwaukee.
Industry Pulse: Two More Sizable Mob Portfolios Hit The Market
USAA Real Estate and partners are selling two MOB portfolios acquired via joint ventures If 2017 was “The Year of the Portfolio” with respect to the total dollar volume of multi-asset medical office building (MOB) transactions, 2018 might be shaping up to be “The Year of the Portfolio” in terms of the sheer number of MOB […]
Post-Acute & Senior Living: Unnamed investor pays $15 million for 211-bed skilled nursing facility in Tucson, Ariz.
Tucson, AZ – Avalon Southwest Health & Rehabilitation, a 211-bed skilled nursing facility (SNF) in Tucson, recently traded for $15 million, or $71,000 per bed. The buyer was an unnamed Chicago
Inpatient Projects: Fargo, N.D.-based provider of mental health services plans $40 million replacement
Fargo, ND – Prairie St. John’s LLC, a locally based provider of mental health and substance abuse treatments, recently announced plans for a $40 million, 128-bed facility offering residential and partial hospitalization care. The new facility would replace Prairie
Companies & People: Ackerman & Co. expands its healthcare platform, hiring Brett Buchwald and Larry Jarema
Atlanta – In continuing to grow its healthcare real estate services platform, Atlanta-based Ackerman & Co. recently hired Brett Buchwald to specialize in medical office investment sales and Larry Jarema to focus on landlord and tenant representation. Mr.
Outpatient Projects: Orlando (Fla.) Health and area health district open $37 million MOB on future hospital campus
Horizon West, Fla. – Orlando Health and the West Orange Healthcare District on Sept. 25 opened the first phase of a future hospital campus in the planned community of Horizon West, about 23 miles southwest of Orlando. The $37 million two-story, 78,000
Inpatient Projects: Wise Health System opens new surgical hospital, with an ED, in the northern part of DFW
Argyle, Texas – Decatur, Texas-based Wise Health System recently opened a 44,782 square foot surgical hospital with an emergency department and a full-service imaging suite in Argyle, in the northern part of the Dallas-Fort Worth (DFW) Metroplex. Managing
Industry Pulse: Is ‘Medtail’ The Cure For Retail’s Woes?
Mainstream media has finally ‘discovered’ retailization This is no big news flash for healthcare real estate (HRE) professionals, but a new article posted Sept. 24 to the Forbes. com website suggests that “medtail,” the positioning of medical facilities in former retail spaces and in retail areas, could be at least part of the answer for […]
Outpatient Projects: Developer plans 90,000 square foot MOB as part of a mixed-use project near Boise, Idaho
Meridian, Idaho – A new company co-founded by a former Idaho gubernatorial candidate recently announced plans for a mixed-use project in Meridian, just outside of Boise, that will be anchored by a
Inpatient Projects: New $550 million St. Louis University Hospital and ACC reaches construction milestone
ST. Louis – A topping out ceremony was held Aug. 16 for the new $550 million, 365-bed SSM Health St. Louis University Hospital. Plans for the replacement hospital and ambulatory care center
Inpatient Projects: Dallas-based Methodist acquires land for a future hospital in Midlothian, Texas
Midlothian, Texas – A 67-acre parcel was recently acquired for Dallas-based Methodist Health System’s future hospital campus in Midlothian, on the south side of the DFW Metroplex. The campus
Transactions: New York-based Thor Equities pays $23.5 million for renovated MOB in suburban Boston
Norwood, Mass. – New York-based Thor Equities recently closed on the acquisition of the 92,000 square foot Norwood Medical Center in Norwood. In making its first purchase in Greater Boston,
Transactions: 33,640 square foot MOB on Dignity Health campus near Sacramento trades hands
Carmichael, CA – A 33,640 square foot MOB on the campus of Mercy San Juan Hospital campus in Carmichael, a suburb of Sacramento, recently traded hands. The price was not disclosed for
Transactions: Q3 MOB sales were a strong $2.57B
Based on volume so far this year, sales are on a pace to again top $10 billion By John B. Mugford At this point, with the results of medical office buildings (MOB) sales for the third quarter (Q3) now in, it looks as if the total volume for 2018 is going to surpass $10 billion […]
Outpatient Projects: Mayo continues its expansion
Clinic is teaming with a Singapore firm to add a hotel and medical space By John B. Mugford Even though Rochester, Minn., has long been home to the main campus and headquarters of the world-renowned Mayo Clinic, it remained, by Midwest standards, a somewhat small to medium sized city with a functional downtown for many […]