News Release: Montecito Medical Appoints Mike Freiburg as Director of Capital Markets
FOR IMMEDIATE RELEASE April 2, 2021 Nashville, Tenn. — Montecito Medical Real Estate, one of the nation’s top acquirers of medical office properties, continues to expand its growing team with the addition of Mike Freiburg as Director of Capital Markets. Freiburg leads the company’s investor relations efforts, working with the hundreds of individuals and institutional […]
News Release: Atkins Companies Inks Five Leases at West Orange (N.J.) Medical Office Building
For Immediate Release West Orange, N.J. (April 27, 2021) – Atkins Companies, a leading multigenerational commercial real estate development, investment, and property management firm, announces a new lease and four lease renewals at Atkins-Kent 101 located at 101 Short Hills Road in West Orange, N.J. The deals include a 3,300-square-foot renewal with a pediatric practice, […]
News Release: Newmark Completes Sale of 147 Milk Street in Downtown Boston, Massachusetts
FOR IMMEDIATE RELEASE Boston, MA (Apr. 1, 2021) — Newmark announces the sale of 147 Milk Street, a trophy urban medical office building located in downtown Boston, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin, Executive Managing Director Frank Nelson and Senior Managing Director Michael Greeley of the firm’s Boston Capital Markets Group represented […]
Thought Leaders: 2020 MOB Buyers Show Strong Appeal By Institutional Investors and Private Equity (JLL)
JLL Medical Office Perspectives Healthcare Capital Markets March 2021 2020 was a hot year for medical office and a notable shift in new entrants Medical office acquisitions by investor category ($B)* *Investor acquisitions of medical office ≥ 25,000 s.f. Source: JLL Research, SEC filings, Real Capital Analytics […]
News Release: The Signorelli Company Releases Valley Ranch Medical District Site Plan; Now Pre-leasing for Various Components
March 31, 2021 On the heels of The Signorelli Company announcing the ground breaking of the Valley Ranch Medical District, the award-winning real estate firm just released the new site plan and initial programming concepts for the +/-200-acre health and wellness centered district. With its convenient location off Interstate 69, the site offers high visibility […]
News Release: Healthpeak’s West Medical One to Undergo Major Redevelopment
Renovation Marks Third Major Investment to Healthpeak’s Houston Portfolio (MARCH 31, 2021 – HOUSTON) – Transwestern Real Estate Services (TRS) announces the redevelopment of West Medical One, a four-story, 168,790-square-foot medical office building at 12121 Richmond Ave., just west of Royal Oaks Country Club in Houston. Transwestern’s Senior Vice President Ashley Cassel and Associate Danielle […]
News Release: $39M financing secured for outpatient healthcare facility in Philadelphia
JLL Capital Markets led financing efforts for 3 Crescent Drive, a Class A property anchored by Thomas Jefferson University Hospital System PHILADELPHIA – Mar. 30, 2021 – JLL Capital Markets announced today that it has arranged $39 million in financing for 3 Crescent Drive, a 95,261-square-foot, outpatient healthcare facility located within the Navy Yard Campus […]
News Release: SCL Health Heart & Vascular Institute leases full floor in Fidelis medical building in Denver
FOR IMMEDIATE RELEASE The organization will occupy 26,345 square feet on the fourth floor of the new Saint Joseph Medical Pavilion on Saint Joseph Hospital’s popular downtown campus DENVER and DALLAS, March 30, 2021 – Fidelis Strategic Healthcare Partners, Saint Joseph Hospital and its parent SCL Health announced that SCL Health Heart & Vascular Institute […]
News Release: $220M construction loan secured for National Real Estate Advisors to build Jefferson Health’s new ambulatory clinic
JLL Capital Markets secured construction financing for the build-to-suit in Center City, Philadelphia PHILADELPHIA – Mar. 29, 2021 – JLL Capital Markets announced today that it has arranged $220 million in construction financing for the new Jefferson Health, 452,000-square-foot, specialty care pavilion to be constructed at 1101 Chestnut St. in Center City, Philadelphia. Serving as […]
News Release: Just Closed – Oakwood Medical Park, Round Rock, TX
JLL Investment Advisory Healthcare Capital Markets Just Closed: Oakwood Medical Park Round Rock, Texas Oakwood Medical Park On-Campus Medical Office Building | 36,419 Square Feet | Round Rock, Texas The JLL Healthcare Capital Markets Group is pleased to announce the sale of Oakwood Medical Park, a three-story medical office building consisting of 36,419 rentable square […]
News Release: Newmark Announces $74.4 Million Sale of Medical Office Building in Beverly Hills, CA
FOR IMMEDIATE RELEASE Los Angeles, CA (March 25, 2021) — Newmark announces the $74.4 million sale of a five-story medical office building located at 9033 Wilshire in Beverly Hills, California. Totaling 49,721 square feet of Class A space, the property is anchored by USC’s Keck Medical Center. Newmark’s Co-Head of U.S. Capital Markets Kevin Shannon, […]
News Release: LifeStance Health Moves Headquarters to Scottsdale, AZ
For Immediate Release One of the nation’s largest providers of outpatient behavioral health care relocating office headquarters from Bellevue, WA SCOTTSDALE, Ariz., March 25, 2021 – Cushman & Wakefield announced today the firm has represented LifeStance Health in the company’s corporate headquarters relocation to Scottsdale, Arizona from Bellevue, Washington. The behavioral health care company signed […]
Cover Story: Specializing in deals with ‘hair’ on them
Woodside Health is often willing to chase MOB transactions others won’t touch – and it’s paying off By John B. Mugford It’s probably safe to say that not many investors would pursue the purchase of a medical office building (MOB) in which the seller, an individual owner, did not keep any business records at all. […]
News Release: Ryan Companies Hires Jaime Northam to Lead Healthcare Development for Western Division
FOR IMMEDIATE RELEASE PHOENIX, Ariz. (March 25, 2021) Experienced healthcare real estate developer Jaime Northam has joined Ryan Companies US, Inc. as vice president of development, healthcare. Northam began March 1 and is based in Ryan’s Phoenix office. With 20 years of experience, Northam will oversee Ryan’s healthcare strategy and growth within its Western division […]
News Release: Realty Trust Group selected to provide property management services for West Tennessee Healthcare
KNOXVILLE, TN. — Continuing an existing relationship with West Tennessee Healthcare, Realty Trust Group (RTG) has expanded its scope of services to the not-for-profit healthcare system to include property management and property accounting for its 1.2 million-square-foot real estate portfolio of nearly 100 non-hospital facilities, including medical office buildings, clinics, and administrative buildings. “We are […]