News Release: Mohawk Asset Management Corp. announces the purchase of an urban, on-campus medical office building in Chicago, IL
NEWS PROVIDED BY Mohawk Asset Management Corp. Mar 26, 2020, 16:26 ET TORONTO, March 26, 2020 /CNW/ – Mohawk Asset Management Corp. (“Mohawk”), a Toronto-based private equity and alternative asset management firm specializing in healthcare real estate, announced today the formation of Mohawk Chicago (Portage Park) Opportunity Partners (I) LP and the purchase of an urban, on-campus medical office building […]
News Release: MD Anderson MOB
CLOSED Cadence Capital Partners Healthcare Real Estate Group $115,000,000 Acquisition MD Anderson Cancer Center • Long-term NNN Lease • Core MOB • 200,000 SF • The Woodlands (Houston), TX Michael Bennett Managing Principal mbennett@cadencerec.com cadencerec.com
News Release: JDS Real Estate Services, Inc. in Association with Out-of-State Co-Broker Bear Real Estate Advisors Represents Global Medical REIT in Acquisition of North Carolina Medical Office Building
NEWS PROVIDED BY Bear Real Estate Advisors Mar 25, 2020, 13:00 ET CHARLOTTE, N.C., March 25, 2020 /PRNewswire/ — JDS Real Estate Services, Inc. in association with out of state co-broker Bear Real Estate Advisors, a real estate investment services firm, announced today that it represented Global Medical REIT Inc. in its acquisition of an approximately 98,000-square-foot medical office […]
Transactions: Newsbreak (March/April 2020 edition)
In first phase of its monetization, Providence St. Joseph sells 10 properties for $59 million WEST COAST – As Providence St. Joseph Health (PSJH), a West Coast-based health system with 50 hospitals and 829 clinics, looks to right-size its real estate holdings and unlock capital, it recently sold 10 properties in the West with 344,000 […]
Transactions: Harrison Street nabs Houston-area asset for $115M
Harrison Street acquires the 208,000 s.f. MD Anderson outpatient facility in Conroe, Texas By John B. Mugford CONROE, Texas — While the outbreak of the COVID-19 pandemic could possibly result in a slowdown in the medical office building (MOB) transactions market, a large deal involving a trophy asset outside of Houston closed just as the […]
News Release: Anchor Health Properties Acquires Strategic Investment in Affluent Submarket of Howard County, Maryland
FOR IMMEDIATE RELEASE March 23, 2020 (Media, PA) Anchor Health Properties (Anchor) a national full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, has recently invested in an institutional quality medical office building and ambulatory surgery center located in Ellicott City, Maryland. Anchor directly acquired the asset with the […]
News Release: Desert Mirage Medical Plaza Signs Two New Long-Term Leases
North West Valley Medical Complex Attracts Multiple Offers for Space Phoenix, March 17, 2020 – Loye and Johnson of Colliers represent Boomerang Capital Partners Mesa, AZ (Principal Allen Marsh) in two new long-term leases totaling 27,204 SF at Desert Mirage Medical Plaza, located at 12361 W. Bola Dr. in Surprise, bringing the project to 95 […]
News Release: Leading Healthcare Real Estate Investment Co. Acquires $29 Million Rehab Hospital in New Orleans
The Sanders Trust Acquires $29 Million Inpatient Rehabilitation Hospital In New Orleans, Louisiana Company Enters Its 29th State Birmingham, Ala. – The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, announces the recent acquisition of a $29 million inpatient rehabilitation hospital (“hospital”) in New Orleans, Louisiana. Built in 2016, the 60-bed hospital has historically been operated […]
News Release: Recently Sold – Medical Associates of Clinton Medical Office Building, Clinton, Iowa
NKF Global Healthcare Services RECENTLY SOLD Medical Associates of Clinton Medical Office Building Clinton, Iowa Total SF: 115,842 Selling Price: $11,350,000 Sale Date: 2.27.20 Todd Perman, CCIM Vice Chairman Global Healthcare Services 404.806.2510 tperman@ngkf.com Dana Hamric Senior Managing Director Global Healthcare Services 404.806.2513 dhamric@ngkf.com Jonathan Kesler Associate Global Healthcare Services 404.806.2730 jkesler@ngkf.com […]
News Release: Catalyst Acquires Free-Standing Medical Office Building in Spring Hill, Tennessee.
Pensacola, Florida (March 10, 2020) Catalyst Healthcare Real Estate (“Catalyst HRE”), a national healthcare real estate developer, announces the acquisition of a 22,279 square foot free-standing medical office building in Spring Hill, Tennessee. Vanderbilt Health and Benchmark Physical Therapy currently lease the acquired medical office building in a densely populated residential area. Catalyst looks forward […]
Transactions: 2019 MOB sales exceed $11 billion for fifth straight year
Volume confirmed by both Revista and RCA; cap rates remained in the mid-6% range By John B. Mugford Whether the coronavirus and its potential economic fallout will result in a pause in the medical office building (MOB) sales market in 2020 in pure speculation at this point. But what is certain is that 2019 turned […]
News Release: Avison Young negotiates sale of 60,231-SF McLean County Orthopedics facility in Illinois
Hammes Partners buys asset as sale leaseback March 4, 2020 — Chicago, IL — Avison Young announced today that it negotiated the sale of a 60,231-square-foot (sf) Class A medical office building at 1111 Trinity Lane in Bloomington, IL. Hammes Partners was the buyer. The seller, McLean County Orthopedics, will lease the building back on a long term […]
News Release: New Era Partners Expands its Premier Healthcare Facility Portfolio
Grapevine, Texas – March 4, 2020 – New Era Partners today announced the acquisition of a hospital with attached medical office in Louisiana and the development of multiple healthcare assets in Texas and Indiana. These assets include 3 behavioral hospitals that were acquired or developed for Oceans Healthcare, based in Plano, Texas. They also include […]
News Release: NKF Orchestrates $9M Sale of 53,000SF Scottsdale Medical Pavilion
FOR IMMEDIATE RELEASE Newmark Knight Frank Orchestrates $9.18 Million Sale of 53,000 SF Scottsdale Medical Pavilion Phoenix, AZ (March 2, 2020) — Newmark Knight Frank (NKF) announces the sale of Scottsdale Medical Pavilion located in Old Town Scottsdale. The 53,157-square-foot, three-story, multi-tenant medical office building sold for $9.18 million or $172.70 per square foot. Located […]
News Release: Just Closed – Hammes Partners Medical Office Portfolio
JLL Investment Advisory Healthcare Capital Markets Just closed: Hammes Partners Medical Office Portfolio 1.5M square feet | 29 properties | Multi-state The JLL Healthcare Capital Markets Group is pleased to announce the sale of Hammes Partners Medical Office Portfolio, a 1.5 million square foot, core quality collection of 29 Class A medical office buildings occupied […]