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Transactions: Health complex in Phoenix sells for $12.1 million; local office of Avison Young brokers sale
PHOENIX – Foothills Health Center, a two-building, 53,310 square foot medical office property in the Ahwatukee submarket of Phoenix, recently changed hands for $12.1 million. Nicholas Pelusio and Kevin Helland of the Phoenix office of Toronto-based Avison Young represented the seller, Chicago-based United Insurance Company of America.
Transactions: Anchor Health Properties acquires Norwalk, Conn., MOB for $23 million; NKF handles sale
NORWALK, Conn. – Newmark Knight Frank (NKF) announced Sept. 11 that it represented Bostonbased Marcus Partners in the sale of the four-story, 71,401 square foot Cross Street Medical Center at 40 Cross St. in Norwalk to Anchor Health Properties for $23 million.
Transactions: Norvin Healthcare acquires three-MOB, 83 percent leased complex near Houston
SUGAR LAND, Texas – The Healthcare Capital Markets Group of Jones Lang LaSalle (NYSE: JLL) announced Sept. 7 the sale of the Sugar Land Medical Pavilion, a complex of three multi-tenant MOBS just outside of Houston in Sugar Land.
Companies & People: Avison Young names Julie Johnson and Mark Johnson as U.S. healthcare practice group co-leaders
Toronto-based real estate firm Avison Young recently announced that Julie Johnson, a principal based in Phoenix, and Mark Johnson, an executive VP in the firm’s suburban Chicago office, have been named co-leaders of the its U.S. healthcare practice group.
News Release: KeyBanc Capital Markets Closes Purchase Of Cain Brothers
KeyBanc Capital Markets Inc., the corporate and investment banking unit of KeyCorp (NYSE: KEY), announced today that it has closed its acquisition of Cain Brothers, a pre-eminent healthcare focused investment banking and public finance firm. The acquisition agreement was announced on August 15, 2017, and the transaction became effective today. About Cain Brothers: Cain Brothers is a pre-eminent investment […]
News Release: KeyBanc Capital Markets Closes Purchase Of Cain Brothers
KeyBanc Capital Markets Inc., the corporate and investment banking unit of KeyCorp (NYSE: KEY), announced today that it has closed its acquisition of Cain Brothers, a pre-eminent healthcare-focused investment banking and public finance firm. The acquisition agreement was announced on August 15, 2017, and the transaction became effective today. About Cain Brothers: Cain Brothers is […]
TRANSACTIONS: Benedict Realty Group reportedly plans to add medical space to newly acquired asset
GREENWICH, Conn. – New York-based Benedict Realty Group (BRG) has reportedly acquired a Greenwich office building for $33.8 million and plans to convert some of the space for medical use, according to a July 18 article in the local Greenwich Time newspaper.
TRANSACTIONS: Hammes Partners II acquires MOB portfolio in Massachusetts; BGL represents seller
CHICOPEE, Mass. – The healthcare team with Cleveland-based Brown Gibbons Lang | Real Estate Partners (BGLREP) represented the seller of a three-MOB, 138,000 square foot portfolio near Chicopee, Mass.
Transactions: Joint venture of USAA and HSA PrimeCare acquires MOB in northwest Minneapolis suburb
PLYMOUTH, Minn. – An equity investment fund comprising San Antonio-based USAA Real Estate and Chicago-based HSA PrimeCare recently expanded its portfolio with the acquisition of a 45,722 square foot medical office building (MOB) in a highly trafficked commercial area of Plymouth, a Minneapolis suburb.
TRANSACTIONS: Velocis acquires value-add MOB complex in San Antonio; JLL represented the seller
SAN ANTONIO – Legacy Oaks, a seven-building, 224,262 square foot medical office complex next to South Texas Medical Center in San Antonio, has been sold.
TRANSACTIONS: Griffin-American REIT IV buys CHI-anchored surgery center in Oregon for $23.2 million
ROSEBURG, Ore. – Irvine, Calif.-based Griffin American Healthcare REIT IV in late June acquired the three-story, 62,246 square foot Roseburg Surgery Center in southwest Oregon for $23.2 million, or $374 per square foot (PSF), according to data from Real Capital Analytics (RCA).
TRANSACTIONS: Global Medical REIT pays $49.5 million for Oklahoma City facilities; BGL brokers sale
OKLAHOMA CITY – Three facilities in Oklahoma City that are home to services provided by the Oklahoma Center for Orthopaedic & Multi-Specialty Surgery recently traded for $49.5 million, according to data from RCA.
TRANSACTIONS: MOB in Escondido, Calif., trades hands for $21.85 million; Fairfield advises
ESCONDIDO, Calif. – Denver-based Fairfield Advisors facilitated the $21.85 million sale of Citracado Plaza MOB in Escondido, Calif., north of San Diego.
CAPITAL MARKETS: Spotlight on JLL Capital Markets
Mindy Berman imparts her MOB knowledge and gives a market update By Erik Tellefson As part of my Capital Markets column – and in an effort to share thoughts on the healthcare real estate market from diverse viewpoints – I’ll be featuring commentary from some of my colleagues in the medical office community. This month, I spoke with Mindy Berman of JLL. […]
TRANSACTIONS: JLL handles sale of 77,825 s.f. Clearfork MOB on Texas Health hospital campus in Fort Worth
FORT WORTH, Texas – The Clearfork MOB, a fully leased, 77,825 square foot facility in Fort Worth, traded hands, the Healthcare Capital Markets Group with Chicago-based Jones Lang LaSalle Inc. (NYSE: JLL) announced July 17. The price was not disclosed, nor were the buyer and seller.