News Release: Woodside Health Adds Another Florida Medical Building
January 5th, 2017 Woodside Health has acquired the Boynton Beach Medical Plaza, a two-story medical office building in Boynton Beach, Florida. Built in 2007, the 50,000 square foot southeast Florida property is home to fifteen tenants, all of which are health related. There are two vacant suites. “We’re really excited to close on this property,” […]
News Release: Just Closed Carrollton Medical Office Building
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Carrollton Medical Office Building in Carrollton, Texas. Sale Date: December 16, 2016 Building Size: 38,648 SF Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Carrollton Medical Office Building (the “Property”) in Carrollton, Texas. Lee Asher and […]
News Release: $12.25M Veteran’s Affairs Medical Office Property Sold
$12.25 Million Veteran’s Affairs Medical Office Property Sold by Marcus & Millichap BALTIMORE, Dec. 29, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Baltimore VA Annex, a 74,000-square-foot medical office fully leased to the Department […]
Transactions: HCP Inc. acquires 10 MOBs from CHS
REIT pays $163 million in sale-leaseback deal as provider seeks to reduce debt By Murray W. Wolf On Dec. 22, 2016, just as this edition of Healthcare Real Estate Insights™ was going to press, Community Health Systems Inc. (NYSE: CYH) announced one of the year’s largest medical office building (MOBs) monetizations. The Franklin, Tenn.-based, for-profit […]
Transactions: Value-add MOB nets a nice profit
Transwestern handles sale to HCP as Origin Investments reaps a healthy return By John B. Mugford In what can be considered a classic value-add success story in the healthcare real estate (HRE) acquisitions market, Chicago-based Origin Investments recently sold a medical office building (MOB) in Kingwood, in the northern suburbs of Houston, for a solid […]
Transactions: Mount Sinai plans Florida expansion
New York-based provider to anchor conversion of newly acquired office building By John B. Mugford Sunny West Palm Beach, Fla., with its affluent older population – many of whom are retired snowbirds from the Northeast – is a prime area for providing medical services.
Transactions: Griffin-American REIT IV acquires its 12th building, an MOB near Cincinnati
EVENDALE, Ohio – Irvine, Calif.-based Griffin-American Healthcare REIT IV Inc., recently entered into an agreement to acquire Evendale Medical Office Building, a 66,000 square foot MOB in the northern Cincinnati suburb of Evendale.
Transactions: Hammes Partners lands MOB in Twin Cities suburb for $15.3 million, or $216 per square foot
ROSEVILLE, Minn. – Milwaukee-based Hammes Partners, an affiliate of Hammes Company, has 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 million […]
Transactions: Anchor Health Properties lands Coit MOB in Dallas, home to Baylor Surgicare
DALLAS – Wilmington, Del.-based Anchor Health Properties recently purchased Coit Medical Center, a 32,201 square foot MOB in Dallas.
Transcations: MOB in high-demand Burbank, Calif., market trades for $572 per square foot
BURBANK, Calif. – The largest off-campus, single-tenant MOB in Burbank, outside of Los Angeles, recently changed hands for $14.3 million, or about $572 PSF.
Transactions: DocREIT buys surgery center from physicians in Traverse City, Mich.
TRAVERSE CITY, Mich. – Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently acquired the Northwest Michigan Surgery Center, a 55,215 square foot ambulatory surgery facility in Traverse City, a town of about 15,000 residents in the far northwest corner of the state.
Transactions: Dallas-based Caddis makes entrée into South Carolina with Hilton Head ASC acquisition
HILTON HEAD, S.C. – Dallas-based Caddis recently paid an undisclosed amount for the 19,728 square foot Outpatient Surgery Center of Hilton Head, a one-story ambulatory surgery center (ASC) at 190 Pembroke Drive.
Transactions: Catalyst CRE acquires five Florida buildings housing area oncology practice for $16.9 million
PENSACOLA, Fla. – Pensacola-based Catalyst CRE, which focuses on healthcare real estate consulting, investment, and development, recently announced that it paid $16.9 million for five facilities in Central Florida that are home to Ocala, Fla.-based Robert Boissoneault Oncology Institute (RBOI).
News Release: Just Closed – Flower Mound Medical Portfolio
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Flower Mound Medical Portfolio in Flower Mound, Texas. The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Flower Mound Medical Portfolio (the “Property”) in Flower Mound, Texas. Lee Asher and Chris Bodnar of the U.S. Healthcare […]
News Release: Community Health Systems Completes Sale and Leaseback of Ten Medical Office Buildings
December 22, 2016 04:15 PM Eastern Standard Time FRANKLIN, Tenn.–(BUSINESS WIRE)–Community Health Systems, Inc. (NYSE:CYH) announced today that subsidiaries of the Company have completed the sale and leaseback of ten (10) medical office buildings for $163 million to HCP, Inc. (NYSE:HCP). The buildings, with a combined total of 756,183 square feet, are located in five […]