News Release: JUST SOLD – Beaumont Medical Center – Rochester Hills, Michigan
Chicago, Illinois, November 28th, 2016 – Brown Gibbons Lang | Real Estate Partners (“BGLREP”), a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the sale of Beaumont Medical Center – Rochester Hills, located in Rochester Hills, Michigan. Christopher Stai and Clinton Parker, Managing Directors of BGLREP’s National Healthcare Real Estate Practice, […]
News Release: JUST SOLD – Two MOBs totaling 57,000 square feet, located in Pennsylvania
Chicago, Illinois, November 28th, 2016 – Brown Gibbons Lang | Real Estate Partners (“BGLREP”), a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the sale of two (2) medical office buildings, totaling 57,000 square feet, located in Wyomissing, Pennsylvania and Pottsville, Pennsylvania. Christopher Stai and Clinton Parker, Managing Directors of BGLREP’s […]
Transactions: MOB sales declined a bit during Q3
Quarter sees lowest sales volume in nine quarters, but market remains strong By John B. Mugford For the first time in nine quarters, medical office building (MOB) sales failed to top $2 billion, even though the third quarter (Q3) 2016 was still quite strong from a historical perspective. With sales for Q3 totaling $1.7 billion, […]
Transactions: MBRE makes big buy from Welltower
Firm acquired seven MOBs for $80.3 million in one of Q3’s largest transactions By Murray W. Wolf In a major Q3 deal that only recently came to light, Chicago-based MB Real Estate (MBRE) acquired a seven-building, 365,986 square foot medical office building (MOB) portfolio from Welltower Inc. (NYSE: HCN) for a total of $80.3 million. […]
Transactions: Starwood set to acquire record-setting MOB portfolio
Newcomer to MOB space to pay $837.9 million for 38 buildings from NorthStar By John B. Mugford The medical office building (MOB) sector is about as hot as it can get, as myriad investors of varying sizes and capital sources are clamoring to enter the space. One such investor that appears to have found an […]
Transactions: Hammes Partners lands MOB in Twin Cities suburb for $15.3 million, or $216 PSF
ROSEVILLE, Minn. – Milwaukee-based Hammes Partners, an investment affiliate of the Hammes Company, recently acquired the Twin Lakes Health building at 1835 County Road C W. in Roseville, a Twin Cities suburb, from Minneapolis-based Ryan Cos. Hammes, whose Hammes Partners II LP fund is closed to investors after raising $430 million of capital commitments, paid $15.3 […]
News Release: Just closed: Hock Plaza II & Duke Fertility Center in Durham, North Carolina
The transaction involved the investment sale of Hock Plaza II and Duke Fertility Center in Durham, North Carolina. Deal highlights Property type: Medical office Sale date: November 8, 2016 Square feet: 98,324 r.s.f. Purchase price: $34,750,000 Occupancy: 100% The JLL Healthcare Capital Markets Group is pleased to announce the sale of Hock Plaza II and […]
News Release: Meridian Sells Dialysis Clinic in Palmdale, Calif. for $6.97 Million, 5.0% Cap Rate
SAN RAMON, CALIF. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 13,750-square-foot dialysis clinic in Palmdale, Calif. The purchase price was $6.97 million, representing a cap rate of 5.0%. This is the second dialysis clinic that Meridian has […]
News Release: NorthStar Realty Finance Announces Third Quarter 2016 Results
NorthStar Realty Finance Announces Third Quarter 2016 Results NEWS PROVIDED BY NorthStar Realty Finance Corp. Nov 08, 2016, 07:00 ET SHARE THIS ARTICLE NEW YORK, Nov. 8, 2016 /PRNewswire/ — Third Quarter 2016 Highlights U.S. GAAP net (loss) to common stockholders of ($100.4) million, or ($0.56) per diluted share and cash available for distribution (“CAD”) […]
News Release: Brackett Flagship Properties completes Gastonia, N.C. acquisition
GASTONIA, NC, November 7, 2016 – Brackett Flagship Properties has completed its latest acquisition in the Charlotte metropolitan area. 2544 Court Drive, a two building medical campus located in Gastonia, North Carolina is the most recent addition to the Flagship Healthcare Real Estate Fund II portfolio. The buildings total approximately 30,000 square feet and sit on a 4.5 […]
News Release: JLL closes sale of Twin Creeks Medical Center I & II in Allen, Texas
JLL Healthcare Capital Markets Just closed: Twin Creeks Medical Center I & II in Allen, Texas The transaction involved the investment sale of Twin Creeks Medical Center I & II in Allen, Texas. Deal highlights Property type: Medical office Sale date: October 17, 2016 Square feet: 69,196 r.s.f. Year built: 2004 and 2005 Occupancy: 87% The […]
News release: Just Sold – Medical Office Building Sells to Owner/User – Fullerton, CA
1815-1837 Sunny Crest Drive, Fullerton, Calif. CBRE’s Investment Properties-So Cal team is pleased to announce the sale of a single tenant medical office building located at 1815-1837 Sunnycrest Drive in Fullerton, CA. The sale price was $6,500,000 or $250 PSF. Gary Stache, Brad McCarthy and Doug Mack of CBRE represented the both the seller and […]
Transactions: Big sale in the heart of Houston
Iconic twin tower and another clinical building purchased by Texas Children’s By John B. Mugford One of the most recognizable medical office buildings (MOBs) in the vast Texas Medical Center just outside of Houston recently traded hands as part of a big two-building transaction between affiliated but separate health systems. The buyer, Texas Children’s Hospital, […]
Transactions: Brackett Flagship makes joint venture MOBs acquisitions in North Carolina and Virginia
CHARLOTTE, N.C. – Flagship Healthcare Real Estate Fund II LLC, a joint venture (JV) of Brackett Flagship Properties and Broyhill Asset Management, announced Sept. 8 that it had acquired a 35,854 square foot, off-campus MOB in Greensboro, N.C.
Transactions: Six years after buying MOB in Lanham, Md., Heitman- NexCore sell the asset
LANHAM, Md. – Denver-based NexCore Group and joint JV partner Heitman LLC of Chicago recently sold a 64,261 square foot MOB in Lanham that the partnership acquired in June 2011.