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News Release: ‘Breaking More Ground’ Celebration Set for Sept. 20
Minot, ND — With building activity well underway at the site of its new healthcare facility, Trinity Health is holding a “Breaking More Ground” event September 20th to celebrate construction of its new regional healthcare campus and medical district. The community is welcome to attend the event from 4 to 6 p.m. at the construction site […]
News Release: Montecito Acquires Pennsylvania Medical Office Portfolio
“We believe that this transaction reflects a recognition by Lancaster Neuroscience and Spine Associates of the advantages that our company can bring to its organization and to practicing physicians” Montecito Medical Real Estate, the nation’s top privately held acquirer of medical office real estate in the U.S., has acquired the medical office portfolio owned by Lancaster […]
News Release: H2C Perspectives
The Evolution of Healthcare Transformation: From Scale to Integration – September 6, 2018 What happens when economies of scale are not enough? We believe it likely the era of consolidation among hospitals will begin to slow as markets mature and attention shifts to the next stage of health care’s evolution. Familiar to nearly every healthcare provider […]
News Release: Meridian Sells Dialysis Clinic in Oakland, Calif. for $15.7 Million
Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 12,754-square-foot dialysis clinic in Oakland, California. The purchase price was $15.7 million, representing a price of $1,230+-per-square-foot or a cap rate of 5.1 percent. This is Meridian’s fifth transaction […]
News Release: Deal Announcement (CRE) | BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lead Arranger of $17.1 Million Credit Facility
BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lead Arranger of $17.1 Million Credit Facility for a Joint Venture advised by Heitman and managed by Montecito Medical Operating Company. BMO Harris Bank’s Healthcare Real Estate Finance group announced that it acted as the administrative agent and sole lead arranger on a […]
News Release: CBRE GROUP, INC. ENHANCES HEALTHCARE CAPABILITIES WITH ACQUISITION OF NOVEEN CONSULTING
CBRE Group, Inc. (NYSE: CBRE) today announced that it has acquired Noveen Consulting, a consulting firm focused on helping healthcare facility owners improve the economics of owning and operating healthcare facilities. Noveen, based in Louisville, Kentucky, serves healthcare systems throughout the U.S. Noveen’s service offerings include facility condition assessments, commissioning, energy management, facility optimization and […]
News Release: Strawberry Fields REIT Acquires a Nine-Property Skilled Nursing Facility Portfolio Located in Arkansas, and one in Kentucky, for a total of $42.4 Million
South Bend, Ind.— September 5, 2018—Strawberry Fields REIT LLC (Strawberry Fields), an owner and lessor of nursing homes, long-term acute care hospital facilities and medical office buildings in the Midwestern and Southern U.S., announced it has acquired nine skilled nursing facilities located in Arkansas, and one facility located in Kentucky in two separate deals. The […]
News Release: Catalyst Healthcare Real Estate opens Midwest office in Milwaukee & hires Anthony Lampasona as President of Off-Campus Development
Pensacola based Catalyst Healthcare Real Estate (Catalyst HRE) is excited to announce the opening of its new office in Milwaukee, Wisconsin. This expansion is Catalyst HRE’s second in two years with its other expansion office located in Ocala, Florida. “The decision to expand our presence into the Midwest was a logical step in our business […]
News Release: Strategic Student & Senior Housing Trust Acquires 286-Unit Senior Housing Community in Portland, Ore. for $92 Million
Existing facility offers independent living, assisted living and memory care and is scheduled to break ground on an expansion for 23 additional units of memory care in the fall of 2018 Strategic Student & Senior Housing Trust, Inc. (SSSHT), a public, non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today […]
News Release: Mayo Clinic doubling the size of its Phoenix campus to meet patient demand
To meet the increasing demand to treat patients with complex health conditions in the growing Southwest, Mayo Clinic announces a $648 million expansion that will nearly double the size of its Phoenix campus over five years. The Arizona Forward Project will add 1.4 million square feet of building space (to the existing 1.7 million) with […]
News Release: Newport News Orthopaedic Practice Breaks Ground on Ambulatory Surgery Center/Retail/Medical Office Building
Local officials, business leaders and friends joined the Physician Partners of Orthopaedic & Spine Center to celebrate the ground breaking at 580 City Center Boulevard, for a new Ambulatory Surgery Center/mixed-use building. “We are very excited about this historic advancement of Orthopaedic and Spine Center”, said Dr. Carlson. “We look forward to the improvement in […]
News Release: Montecito Acquires Flagship Ophthalmology Medical Office Building in Arizona
Nashville, Tenn.–(Business wire)–Montecito Medical Real Estate, the nation’s top privately held buyer of medical office properties throughout the U.S., has acquired the primary office building of one of Arizona’s leading ophthalmology practices. “This exceptional property represents the 11thmedical office building our company has acquired in 2018 and perfectly complements our strategy and growth projections.” Tweet this […]
News Release: Work Starts on $24 Million Medical Office Building
OSF HealthCare breaks ground in Bloomington As part of its ongoing investment in central Illinois, OSF HealthCare broke ground Wednesday on its new Medical Office Building in Bloomington. The new building will be located on the OSF HealthCare St. Joseph Medical Center campus at 210 St. Joseph Drive. The $24 million, 53,000 square foot, three-story building will be home to […]
News Release: Best healthcare projects of 2018: Emory University Hospital Tower & McCarthy
McCarthy Building Companies Wins 2018 ENR Regional Award for Best Project Atlanta(August 28, 2018) – McCarthy Building Companies Inc. is proud to announce that the Emory University Hospital Tower expansion has won Engineering News-Record (ENR) Southeast’s 2018 Best Projects in the healthcare category. The project was selected based on ENR Southeast’s criteria for overcoming challenges […]
News Release: Boynton West Professional Centre sells for $170PSF
Avison Young completes sale of Boynton West Professional Centre for $5.5M or $170-per-square-foot in Boynton Beach, Florida Value-add, 32,593 SF medical & professional office park trades to niche investor Boynton Beach, Fla. — Avison Young completed the $5.5 million sale of Boynton West Professional Centre, a set of twin buildings totaling 32,593 square feet at 1700 […]