News Release: Montecito Medical Acquires Minneapolis Area Medical Office Complex
FOR IMMEDIATE RELEASE November 19, 2020 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office properties throughout the U.S., has completed the acquisition of Ridges Pondview Medical Office Building, a high-profile medical complex in the Greater Minneapolis area. The two-story facility is situated on the campus of M Health Fairview Ridges […]
News Release: It’s a Done Deal: Maine HHEFA (ADV)
Raymond James Healthcare Finance It’s a done deal Raymond James serves as Sole Manager for Maine Health and Higher Educational Facilities Authority’s $13.105 million revenue bonds MHHEFA was able to yield a positive result and capitalize on very favorable market conditions, with an all-in TIC of 2.66%. To learn more about this transaction, please view the […]
Transactions: MOB sales were $7.2B through Q3
Five-year streak of at least $10 billion per year is in jeopardy after weak third quarter By John B. Mugford With medical office building (MOB) sales volume of about $7.2 billion through Sept. 30, it’s going to take a big fourth quarter (Q4) to top $10 billion for the sixth consecutive year. According to nationwide […]
News Release: Just Sold – Linden Oaks Behavioral Health Outpatient Center
November 16, 2020 CBRE Healthcare & Life Sciences Capital Markets Just Sold Linden Oaks Behavioral Outpatient Center Naperville, Il Transaction Highlights Date Sold: 11/13/2020 Size: 43,340 Sf Occupancy: 100% Linden Oaks Behavioral Outpatient Center CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Linden Oaks Behavioral Health Outpatient Center […]
News Release: Marcus & Millichap Brokers Multi-Tenant Medical Office Building Sale in Amarillo Texas
AMARILLO, Texas, Nov. 16, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 3501 MedCenter, a 145,096-square-foot multi-tenant medical office property in Amarillo, Texas. “We marketed this asset to a deep buyer pool and generated multiple […]
News Release: IRA Capital Acquires Illinois and North Carolina Medical Office Buildings
November 16th, 2020 – Southern California private equity firm IRA Capital “IRA” is pleased to announce the acquisition of two single-tenant medical office buildings in Oswego, Illinois and Raleigh, North Carolina. The Oswego property is 100% occupied by Edward-Elmhurst Healthcare, one of the larger integrated health systems in Illinois which was created by the merger […]
News Release: Just Sold – Mercy Healthcare Center
CBRE Healthcare & Life Sciences Capital Markets Just Sold Mercy Healthcare Center Coon Rapids, MN TRANSACTION HIGHLIGHTS DATE SOLD: 11/12/2020 SIZE: 91,767 SF OCCUPANCY: 70.4% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Mercy Healthcare Center (the “Property”). Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger, Sabrina Solomiany […]
News Release: Medical Office Building Sale in Inland Empire (Calif.) for $7.85 Million
Latham Medical Plaza 4361 Latham St., Riverside, CA Just Sold CBRE’s Investment Properties-SoCal/Phoenix/Vegas team is pleased to announce the sale of Latham Medical Plaza, at 4361 Latham Street in Riverside, California, for $7.85 million. The 31,201 square-foot, two-story building was originally built in 1991. DaVita Dialysis, who occupies nearly half of the rentable area and has […]
News Release: Avison Young negotiates 12K SF Lease with L.A. Care Health Plan in El Monte, CA
Avison Young negotiates 12,000-sf retail lease with L.A. Care Health Plan at Santa Fe Plaza in El Monte, CA Los Angeles, CA – Avison Young announced today it has negotiated a 12,000 square-foot retail lease at Santa Fe Plaza, a retail center located at 3570 Santa Anita Avenue in El Monte, CA. The 10-year lease […]
News Release: Just Closed – PennMarc Centre (Memphis, TN)
JUST CLOSED PENNMARC CENTRE Memphis, TN Sale Date: 11/9/20 Building Size: 135,270 SF Occupancy: 81% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the PennMarc Centre (the “Property”), located in Memphis, Tennessee. Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Sabrina Solomiany and Zack Holderman partnered with Johnny […]
News Release: Just Closed – Church Street Medical Center I, II & III (Greensboro, N.C.)
JUST CLOSED CHURCH STREET MEDICAL CENTER I, II & III Greensboro, NC Sale Date: 11/9/20 Portfolio Size: 149,351 SF Occupancy: 89% CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Church Street Medical Center I, II & III (the “Portfolio”), located in Greensboro, North Carolina. Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan […]
Feature Story: Wall Street analysts laud sector during BOMA MOB conference
Despite COVID, total MOB sales volume is likely to top 2019, according to panelists By John B. Mugford With medical office buildings (MOBs) continuing to show their resiliency amid the COVID-19 pandemic, it would only make sense that the product type continues trading at strong pricing and attracting an even wider range of investor types. […]
Transactions: Healthpeak acquires a seven-MOB portfolio for $169M
Purchase is part of strategy focused on MOBs, life science, CCRCs; JLL brokered the deal By John B. Mugford As Irvine, Calif.-based Healthpeak Properties Inc. carries out a four-year-old strategy that involves selling much of its senior housing and senior housing operating portfolio (SHOP) properties, it continues to invest the proceeds from such sales into […]
News Release: Cushman & Wakefield’s Healthcare Capital Markets Team Closes Sale of GenesisCare Portfolio
For Immediate Release Cushman & Wakefield’s Healthcare Capital Markets Team Closes Sale of GenesisCare (formerly 21st Century Oncology) Portfolio Nine-Property Portfolio with Locations in Premier Medical Pockets Around U.S. Attracts $37.9M Investment CHICAGO, November 9, 2020 – Cushman & Wakefield announced today that the firm’s Healthcare Capital Markets team has completed the sale of the GenesisCare […]
News Release: Midwest core medical office building portfolio totaling 439,000 square feet trades
JLL Capital Markets predicts MOB asset class will remain strong through and post-COVID BOSTON, November 9, 2020 – JLL Capital Markets announced today that it has completed the sale of a core medical office (MOB) portfolio totaling 439,000 square feet across seven properties, primarily located on hospital campuses in top metro areas in Indiana, Illinois […]