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News Release: Cushman & Wakefield Announces Sale of Medical Office Condominium De-conversion
Acquired by private equity healthcare real estate investor IRA Capital Cushman & Wakefield announced today that Gino Lollio and Scott Niedergang of the firm’s Healthcare Capital Markets team have facilitated the sale of the Fletcher Drive Medical Center located 40 miles northwest of Chicago in Elgin, Illinois, to California-based private equity real estate investor IRA […]
NE MOB 3 – Debt Quote Summary
Debt Guidance, Northwest MOB 3, 3 Medical Office Buildings – 107,536 square feet – HFF – www.hfflp.com Overview Holliday Fenoglio Fowler, L.P. (“HFF”), has been retained by Deutsche Asset Management, on behalf of a separately-managed account, (the “Owner”) on an exclusive basis with respect to the
News Release: Ridgeline Capital Partners Acquires Medical Office Building in Little Rock
Ridgeline Capital Partners (“Ridgeline”), a privately-held commercial real estate investment company, recently completed the acquisition of the three-story, 43,000 square foot Chenal Medical Pavilion in Little Rock. The property was built in 2015 and is located in the Chenal Valley neighborhood at 16115 St. Vincent Way, adjacent to the Promenade at Chenal shopping center. The […]
News Release: Mohr Capital Sells Medical Office Building
MEDICAL OFFICE BUILDING SALE Mohr Capital, a privately held real estate investment firm headquartered in Dallas, Texas, has sold a 42,000 square foot medical office building in Little Rock, Arkansas. The property was developed by Mohr Capital and was completed in July 2015. Gary Horn, Chief Investment Officer for Mohr Capital, says “The property is anchored by CHI/St. Vincents […]
News Release: Meridian Purchases Vacant Parcel in Modesto to Build 11,250 SF Medical Out-Patient Clinic; This transaction marks Meridian’s 10th acquisition in 24 months
This transaction marks Meridian’s 10th acquisition in 24 months. Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce the purchase of 1328 Coffee Road in Modesto, California, marking its second acquisition of 2018, and 10th acquisition in 24 months. The site consists of a vacant 39,204-square-foot parcel where Meridian will […]
News Release: Just Sold | Medical Office Building | Santa Clarita, CA
Canyon Medical Plaza 27141 Hidaway Avenue, Santa Clarita JUST SOLD PROPERTY TYPE MEDICAL OFFICE In-place CAP Rate 2.9% Sold Price $3,250,000 Total GLA 19,396 SF Canyon Medical Plaza is a medical office building totaling ±19,396 square feet, situated on two separate APN’s on approximately 1 Acre (±43,335 Square Feet) of land located in the city […]
News Release: HFF announces sale and financing of Lonza Viral Therapy Facility in Pearland, Texas
HFF announces the sale and acquisition financing of the Lonza Viral Therapy Facility, a, 276,770-square-foot biotechnology facility in Pearland, Texas. The HFF team represented the seller, Pinchal & Co, and procured the buyer, Zeller Realty Group (ZRG). Additionally, HFF worked on behalf of ZRG to secure the fixed-rate acquisition loan through Bank of Texas. Completed […]
News Release: Seniors Housing Occupancy Rate Falls to Six-Year Low of 88.3% in First Quarter
Assisted Living Occupancy Rate Slips to a New Low, While Independent Living Occupancy Rate Remains Above 90% The occupancy rate for seniors housing properties averaged 88.3% in the first quarter of 2018 down 0.5 percentage point from the prior quarter and down 0.9 percentage point from year-earlier levels. This placed occupancy 1.4 percentage points above its […]
News Release: Industry Veteran Shane Seitz Joins CBRE’s Healthcare Capital Markets
CBRE announced the addition of Shane Seitz to its Healthcare Capital Markets team as a Senior Vice President. Based in Denver, Mr. Seitz will join Chris Bodnar and Lee Asher, Vice Chairmen of the company, to focus on debt and equity structuring for its healthcare and life sciences clients. The addition of Mr. Seitz significantly […]
Reduced Price | 39-Unit Senior Living Asset | Springfield, OR | 7.25% Cap | ~12 Year Lease Term
Radiant Senior Living, Sweetbriar Villa, 6135 E St Springfield, Oregon 97478 Cap. Rate: 7.25% Price: $8,100,000 Building SF: 17,738 Lot Size: 2.97 Acres Year Built: 2001 (renovated) Status: Available Notes: ~12-Years Remaining | Absolute NNN Lease Investment Summary Existing Asset class healthcare (senior living) Est. Annual rent $587,378 Capitalization rate 7.25% Purchase price $8,100,000 Est. […]
Class-A, 17-Property Medical Office Portfolio Investment Opportunity Across 9 States
Offers Requested By Wednesday, April 25th, 2018 – 5:00 Pm EDT The Offering CBRE’s U.S. Healthcare Capital Markets Group is pleased to exclusively offer the opportunity to acquire The MMRE Portfolio (the “Portfolio” or alternatively, the “Properties”). The Portfolio consists of seventeen (17) medical office buildings located in nine (9) states across the country, including […]
News Release: UAB closes on Hoover property for new medical office building
UAB will build a 39,000-square-foot medical facility to house a variety of medical services. The University of Alabama at Birmingham Health System has closed on the property in the Stadium Trace Village development for a new medical office building serving residents of Hoover and southwest Jefferson County. UAB will build a 39,000-square-foot medical facility to […]
For Sale: Elliott Bay Healthcare Portfolio | 1,020,000 RSF
Elliott Bay Healthcare Portfolio JLL is pleased to offer for sale a premier portfolio of 91 single-tenants, net lease healthcare properties with 1.02 million rentable square feet associated with leading health system and best-in-class dialysis providers. The multi-state portfolio is 100% occupied and backed by 91% investment grade credit tenancy or NYSE public companies with […]
New Listing: ±55,662 SF Ideal Owner/User Or Value-Add Investment Opportunity
Arizona Professional Plaza For Sale – Ideal Medical/Office Owner/User or Value-Add Investment Opportunity Avison Young, as Exclusive Adviser, is pleased to present the opportunity to acquire Arizona Professional Plaza. The property is offered at a price significantly below replacement cost, while providing an excellent future upside value creation for an owner-user, investor or developer. This […]
News Release: HFF announces $16.285M sale of 8 condominium units in Southern California medical office building
HFF announces the $16.285 million sales of eight fully leased condominium units totaling 40,027 square feet within a Class A medical office building in Rancho Mirage, California. The HFF team marketed the units on behalf of five separate sellers. Milwaukee-based Hammes Partners purchased the assets in an off-market, sale-leaseback transaction. Completed in 2008, the majority […]