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Industry Pulse: Mid-Year Reports Highlight MOB Sector
Investor demand remains high as development declines Late August and early September tend to be the time when national healthcare real estate (HRE) brokerage firms issue their midyear medical office building (MOB) reports. So, perhaps not surprisingly, a flurry of reports were issued in recent weeks by firms including Marcus & Millichap, Newmark Knight Frank […]
Outpatient Projects: Future 60,000 square foot MOB in Fargo, N.D., is attracting interest from potential tenants
Fargo, ND – Pre-leasing looks to be moving along rather nicely at a future 60,000 square foot MOB slated to open in early 2019 in a growing area of western Fargo. The future MEDPark Medical
Outpatient Projects: Deaconess Health plans new MOB in Evansville, Ind., a mile from its
Evansville, Ind. – Construction is expected to start in coming months on the future Deaconess Clinic Downtown, a three-story MOB planned for downtown Evansville for locally based Deaconess
Transactions: Capital One provides $57.6 million refinancing for surgical hospital and MOB in Houston
Houston – Bethesda, Md.-based Capital One Healthcare recently provided a $57.6 million adjustable-rate loan to refinance a two building healthcare portfolio in Houston. The adjacent properties –
Companies & People: HRE Capital acted as the advisor to AW Property Co. in securing debt for MOB purchase
Hollywood, FL – In more news from HRE Capital, the firm served as the financial advisor in a $9.57 million debt raise for the purchase when Palm Beach Gardens, Fla.-based AW Property Company
REIT Report: Flagship’s new REIT off and running
Flagship Healthcare Trust is a private REIT with 37 properties and 1.2 million sf. By John B. Mugford As Charlotte, N.C.-based Flagship Healthcare Properties continued to grow its portfolio of owned medical office buildings (MOBs) and healthcare facilities, its leaders decided in 2016 to “pause” and examine whether their ownership structure was the best one […]
Companies & People: HRE Capital facilitated a $285 million MOB portfolio sale in and around Greenville, S.C.
Palm Beach, FL – One of the largest MOB deals in recent months, as reported in the Healthcare Real Estate Insights™ weekly e newsletter Aug. 8, a partnership of HCP Inc. (NYSE: HCP) and
Industry Pulse: Which Systems are the Most Rapidly Expanding?
Revista report finds that many providers are adding tremendously to their real estate We always eagerly await the release of Revista’s annual “Top 50 Owners of Medical Real Estate” report, which our friends from the Arnold, Md.-based healthcare real estate (HRE) research firm are always so generously willing to share with Healthcare Real Estate Insights™.
Post-Acute & Senior Living: Ventas Inc. to pay $194 million for independent senior living facility in heart of Manhattan
New York – Brentwood, Tenn.-based Brookdale Senior Living Inc. (NYSE: BKD) has agreed to sell a senior living community it owns in Manhattan to Chicago-based Ventas Inc. (NYSE: VTR) for $194
Transactions: Another big deal for Harrison Street
Private investor pays an estimated $165.2 million for three-MOB N.J. complex By John B. Mugford Although the offering was marketed somewhat quietly and directly to a select group of potential investors, demand was “very” strong for a three-building, 538,107 square foot medical office building (MOB) complex in Morristown, N.J., 30 miles or so west of […]
Transactions: Urgent care, retail building trades in Tucson, Ariz.; Sun Commercial sourced the deal
Tucson, AZ – A 7,200 square foot, two-tenant medical and retail building in Tucson recently traded hands for $3 million, according to the Investment Services Group with Las Vegas-based Sun
Companies & People: Rendina Healthcare Real Estate promotes Brian Cich to COO, overseeing national operations
Jupiter, FA – Jupiter-based Rendina Healthcare Real Estate, which has six offices nationwide, the firm recently promoted Brian Cich to chief operating officer (COO). In his new role, Mr. Cich oversees all
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
Transactions: Piedmont Healthcare-occupied MOB in Loganville, Ga., trades for $7.35 million
Loganville, GA – Piedmont Healthcare Medical Center, a 15,000 square foot MOB in Loganville, about 40 miles east of Atlanta, traded hands on Sept. 4 for $7.35 million. Brokering the sale for the private seller was Paul Zeman, president of the Healthcare Real
Inpatient Projects: $400M Pittsburgh eye hospital OK’d
UPMC gains city approval for 10-story Vision and Rehabilitation Hospital By John B. Mugford As part of a $2 billion system-wide capital improvement plan that would including adding three new specialty hospitals to its extensive network in western Pennsylvania, Pittsburgh-based UPMC recently received the approval it needs to move forward with a $400 million expansion […]