News Release: HFF announces second Hartford Healthcare-anchored (Moody’s A2) medical office building sale in central Connecticut
Holliday Fenoglio Fowler, L.P. (HFF) announces the $5.5 million sale of 440 New Britain Avenue, a 27,685-square-foot medical office building in the central Connecticut community of Plainville. The HFF team marketed the property on behalf of the seller, Tomasso Brothers, Inc. and procured the buyer, Atkins Companies. The transaction follows Physician Realty Trust’s 2017 $30 […]
News Release: Welltower Reports Second Quarter 2018 Results
Toledo, Ohio, July 27, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced results for the quarter ended June 30, 2018. For the quarter, we generated net income attributable to common stockholders of $0.41 per share, FFO attributable to common stockholders of $1.02 per share and normalized FFO attributable to common stockholders of $1.00 per share. Quarterly Highlights Closed the acquisition of QCP and […]
News Release: Cushman & Wakefield Negotiates $11.5M Sale of Hollywood Medical Office Building
Hollywood, FL, July 27, 2018— Cushman & Wakefield has negotiated the sale of the Hollywood Medical Office Building, a ±57,815-square-foot facility on the campus of Memorial Regional Hospital South in Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Greg Miller, Dominic Montazemi, Miguel Alcivar and Jason Hochman along with office leasing expert Donna Korn negotiated the sale on behalf of Miami-based SF Partners. A private […]
News Release: Welltower And ProMedica Health System
Welltower And ProMedica Health System Complete Acquisition Of Quality Care Properties And HCR ManorCare For $4.4 Billion – First of its kind partnership between Welltower and a health system propels ProMedica into the top 15 largest U.S. nonprofit health systems and scales its presence across full spectrum of care, including wellness, skilled nursing, memory care, […]
Transactions: Biggest single-asset MOB deal?
Unit of German bank pays $332.5M for Manhattan MOB leased by NYU Langone By John B. Mugford In what looks to be the largest investment ever made for a single medical office building (MOB) – at least to date – the real estate arm of a German bank closed in late May on the acquisition […]
News Release: LaSalle Acquires Memorial Hermann Medical Plaza in Houston
Trophy Medical Office Tower Located in the World’s Largest Healthcare Complex Houston (July 24, 2018) – LaSalle Investment Management (“LaSalle”) announced today that it has acquired Memorial Hermann Medical Plaza (“MHMP” or “the property”), a trophy medical office tower in Houston, on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (“LPF”). […]
News Release: Bull Realty Brokers $10.4 Million Medical Office Building in TN
Atlanta (July 19, 2018) — The Healthcare Real Estate Services Group at Bull Realty brokered the sale of the Knoxville Dermatology Group building, a Medical Office Building located on 2.65 acres in Knoxville, TN. The sale closed on July 16, 2018 for $10,400,000. The property is 100% occupied by Knoxville Dermatology Group, who has been […]
News Release: HFF announces $30M sale of and $25M financing for Physicians Medical Center in the Bay Area
HFF announces the $30 million sale of and the $25 million financing for Physicians Medical Center, a 70,705-square-foot, purpose-built medical office building immediately south of San Francisco in Daly City, California. The HFF team represented the seller, Swift Real Estate Partners, and procured the buyer, Pinnacle Capital Management Services (PCMS) and joint venture investment partners, […]
News Release: Marcus & Millichap arranges the sale of a 3,736-square-foot property type
St Petersburg, Fla., July 18, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of BayCare Urgent Care, a 3,736-square-foot hospital in St. Petersburg, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office. The […]
News Release: Leading National Healthcare Property Company Acquires $27 Million Rehabilitation Hospital in Texas
The Sanders Trust acquires $27 Million Rehabilitation Hospital in Texas The Sanders Trust, one of the nation’s leading healthcare real estate investment companies, recently announced a $27 million acquisition in Kyle, Texas. Warm Springs Rehabilitation Hospital is a two-story rehabilitation hospital that totals 54,500 rentable square feet and is the only freestanding, licensed rehabilitation hospital […]
News Release: HFF announces $14.5M financing for two medical office properties in Phoenix
HFF announces financing totaling $14.5 million for 101 Gateway and Paradise Valley Professional, two medical office properties in Phoenix, Arizona. The HFF team worked on behalf of the borrower, Cypress West Partners, to secure two floating-rate acquisition loans through CIT Group Inc.’s Healthcare Finance unit. A $6.7 million, 36-month loan was arranged for 101 Gateway, […]
News Release: Sold – Banner Health Desert Ridge
JLL is pleased to announce the sale of Banner Health Desert Ridge Phoenix, Arizona The property is a +/- 29,350 SF medical office build-to-suit for Banner Health with great visibility along the Loop 101 and within close proximity to State Route 51. The sale closed on June 6, 2018. Seller: Ryan Companies Buyer: Inland Real […]
News Release: Sold – Banner Health Desert Ridge
JLL is pleased to announce the sale of Banner Health Desert Ridge Phoenix, Arizona The property is a +/- 29,350 SF medical office build-to-suit for Banner Health with great visibility along the Loop 101 and within close proximity to State Route 51. The sale closed on June 6, 2018. Seller: Ryan Companies Buyer: Inland Real […]
News Release: Inland Real Estate Acquisitions Closes on Two MOBs in Arizona
Inland Real Estate Acquisitions, LLC Closes the Purchase of Two Medical Office Buildings in Arizona Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of two Swagel Wootton Hiatt Eye Centers, located in Mesa and Chandler, Arizona, approximately 20 miles east of Phoenix. Matthew Tice, senior vice president of Inland […]
News Release: Cypress West Adds to AZ Portfolio
Cypress West Partners Acquires 50,040-SquareFoot Phoenix Medical Office Building Rancho Santa Margarita, CA (July 10, 2018) — Cypress West Partners, a Southern California-based healthcare investment, leasing and property management firm, has acquired a class A medical office building in Phoenix in a joint venture with MedProperties Holdings LLC, a national, healthcare-focused real estate private equity firm […]