News Release: Cushman & Wakefield Sells Long Island Medical Office Building
Fully-Leased Medical Office On 1.75 Acres New York, March 28, 2017 – A two-story medical office building located at 3111 New Hyde Park Road in North Hills, New York, has sold in an all-cash transaction valued at $14,650,000. Cushman & Wakefield’s Ben Efraimov, Jonathan Hageman and Patrick Yannotta exclusively handled this transaction. “3111 New Hyde […]
News Release: Raymond James serves as placement agent for Greater Baltimore Medical Center financing
Raymond James serves as Placement Agent for Greater Baltimore Medical Center’s $73.720M Tax-Exempt Revenue Bond and $25.725M Taxable Note Raymond James Healthcare Finance has been a long-time strategic advisor and underwriter to Greater Baltimore Medical Center, working on various capital raising and strategic engagements. For additional information please click here to view the case study. About Raymond James […]
News Release: CBRE Capital Markets Debt & Structured Finance Team Secures $41 Million Loan For MOB In Cherry Hill, NJ
CBRE’s Capital Markets Debt & Structured Finance team announced today that it has arranged a $41 million life company loan for a 155,000 square-foot office building located at 1865 Marlton Pike East in Cherry Hill, New Jersey. The property, which is leased on a long-term basis to University of Pennsylvania Health System, is a state-of-the-art multi-disciplinary […]
Transactions: Cleveland-based Woodside Health adds to MOB portfolio with Florida purchase
BOYNTON BEACH, Fla. – Cleveland, Ohio-based Woodside Health LLC, an MOB investment and management company, in early 2017 added to its portfolio of more than 20 properties by acquiring a 50,684 square foot facility in Boynton Beach, in Palm Beach County.
Transactions: HTA acquires Medical Village of Tampa, a repurposed supermarket, from developer
TAMPA, Fla. – Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA), recently acquired the Medical Village of Tampa, 2333 W. Hillsborough Ave., from a local development firm.
Transactions: MOB in Redmond, Wash., acquired by individual investor for $569 per square foot
REDMOND, Wash. – The 41,153 square foot Redmond Medical Center, a three-story MOB at 8301 161st St. N.E., in Redmond, recently changed hands for $23.4 million, or about $569 PSF, according to data from RCA.
Transactions: USC buys building it occupies on its in Los Angeles health campus for $111 million
LOS ANGELES – Professionals involved in MOB transactions say that while some health systems are considering selling certain outpatient facilities to third-party investors, others are, under certain circumstances, looking to acquire properties in which they are, or will be, the main or sole tenants.
Transactions: Griffin-American IV bets big on Reno
REIT acquires 191,000 square foot on-campus facility for $66.3 million By John B. Mugford On its campus in Reno, Nevada, Saint Mary’s Regional Medical Center’s primary outpatient location is a six-story, 191,000 square foot medical office building (MOB) at 633 N. Arlington Ave.
Hot Property: Oregon MOB is home to large group
Credit-rated health system also occupies facility in Portland’s Gateway area Name: Oregon Clinic Gateway MOB Address: 1111 N.E. 99th Ave. City, State: Portland, Ore. Year built: 2006 Stories: three Square feet: 101,142 Occupancy: 100 percent Avg. remaining lease: 9.7 years Brokerage: CBRE Brokers: Chris Bodnar, Lee Asher With more than 230 doctors practicing in 60 […]
Transactions: Commercial complex outside of Los Angeles sells, includes strong medical component
ARCADIA, Calif. – City of Industry, Calif.-based JLJ (USA) Investment LLC recently acquired a 156,046 square foot retail, restaurant and office complex in Arcadia, near Los Angeles, for $62.1 million.
Transactions: St. Paul, Minn.-based HealthEast system acquires MOBs on two of its suburban campuses
ST. PAUL, Minn. – St. Paul-based HealthEast, which operates four hospitals in St. Paul and its suburbs, recently acquired two MOBs on suburban campuses from Minot, N.D.-based Investors Real Estate Trust (NYSE: IRET).
Transactions: Health system in East San Gabriel Valley of California buys MOB on one of its campuses
WEST COVINA, Calif. – Covina, Calif.-based Citrus Valley Health Partners (CVHP), which has three hospitals in the East San Gabriel Valley, recently acquired an MOB on the campus of its Queen of the Valley Hospital in West Covina, about 20 miles east of Los Angeles.
Transactions: High-profile, large MOB in San Francisco part of Regency Centers’ REIT deal
SAN FRANCISCO – When Regency Centers Corp. (NYSE: REG) closed in early March on its $5 billion acquisition of Equity One Inc. (NYSE: EQY), more than 120 properties changed hands.
News Release: Hammond Hanlon Camp LLC Advises Health Systems on over $2 Billion of Financing Transactions in 2016
CHICAGO — March 23, 2017 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive financial advisor on $2.2 billion of financing transactions in 2016 for a distinguished group of clients, the second consecutive year in which the firm has advised on debt issues with an aggregate par value […]
News Release: Capital One Closes $30.5 Million Loan for Acquisition of Michigan Medical Office Building
Bethesda, Md. (March 22, 2017) – Capital One announced today that it served as the administrative agent for a $30.5 million loan for the acquisition of a 107,000-square-foot, medical office building in Grand Rapids, Mich. The principal is Carter Validus Mission Critical REIT II, which was formed in 2013 to invest in high-quality data centers and […]