News Release: Just Closed: Class A Medical Office Building
LAKEBROOK MEDICAL CENTER WESTBROOK, CONNECTICUT Westbrook, CT – Lisa Menin of Jacobson Properties, New York, and John LaBella of RE/MAX Right Choice, Trumbull, Connecticut are pleased to announce the sale of Lakebrook Medical Center in Westbrook, Connecticut. The Class A medical office building, which totals 24,500 square feet, was purchased by an institutional healthcare real […]
News Release: Another Pasadena Medical Office Trades
The 22,000 sf medical building at, one block from Huntington Hospital, has been acquired by Huntington Orthopedics Institute. The building, built in 1962, was 100% occupied on the date of close but with expiring leases in the next year, the medical group will occupy much of the building soon afterward. The sale price was $9,250,000 […]
News Release: Meridian Buys Medical Office Building in Pasadena, Calif. for $37.5 Million
Purchase Represents Meridian’s Largest Acquisition at 115,000 SF and Company’s 8th MOB Transaction in Last 12 Months 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 purchase of Cotton Medical Center, a 115,000-square-foot medical office complex in […]
Transactions: More Healthcare Real Estate Transactions
Wealth Migrate Medical 3 Holdings LLC, part of crowdfunding investment firm Wealth Migrate, which has nine offices worldwide, including one in Atlanta, recently acquired the Swan Building MOB in Alpharetta, Ga. The investor paid $8.5 million for the 44,893 square foot building at 4165 Old Milton Parkway, or $189 PSF. The seller was Alpharetta Aesthetics […]
Transactions: MOB sets PSF price record in Seattle
Heitman, NexCore JV acquires First Hill Medical Pavilion for $884 per square foot By John B. Mugford Leave it to healthcare real estate (HRE), which has been on a record-setting ride when it comes to facility sales in recent years, to generate the highest price per square foot (PSF) ever paid for a commercial office […]
Transactions: Sale of Fort Wayne MOBs
In more news from Fairfield Advisors, the firm also recently represented the seller, an ophthalmology group, in the sale of a two-building MOB portfolio in Fort Wayne, Ind.
Transactions: Urology center in Denver trades for $35.15 million, for a record $624 PSF
DENVER – Olympus Ventures, which in fall 2014 paid what was believed to be the highest price per square foot (PSF) ever for a Colorado MOB, appears to have topped its own record.
Transactions: Griffin-American III lands pair of MOBs from developer in affluent Chicago suburb
NAPERVILLE, Ill. – Irvine, Calif.-based Griffin-American Healthcare REIT III, which in 2015 terminated its public offering of stock after raising more than $1.8 billion, recently acquired a two-building portfolio of MOBs in Naperville, Ill., an affluent suburb of Chicago.
Transactions: Flagship Healthcare fund buys building in Tennessee to close out its first fund
KNOXVILLE, Tenn. – Charlotte, N.C.-based Flagship Healthcare Real Estate Fund recently made its 14th and final acquisition in its first private equity fund, according to Brannen Edge, president of Brackett Flagship Properties, which started the private equity fund.
Transactions: Greenlaw-UBS JV acquires suburban Los Angeles MOB from Ventas for $34.5 million
LAGUNA HILLS, Calif. – Greenlaw Partners LLC and UBS Realty Investors LLC, a joint venture partnership, recently acquired the Saddleback Medical Center in Laguna Hills.
Transactions: CNL pays $54.8 million for MOB complex near Las Vegas; Fairfield brokers deal
HENDERSON, Nev. – A Las Vegas-based development firm that specializes in shopping centers delved into healthcare real estate back in 2006, completing the three-building, 139,222 square foot Siena Heights Medical Pavilion across the street from a major hospital in Henderson. The company, Siena Heights Holding Co., recently took advantage of strong HRE market pricing, selling […]
Transactions: Beverly Hills MOB tops $1,500 PSF
Archway Holdings, which bought the asset in 2008, sells it to UBS affiliate By John B. Mugford Anytime a medical office building (MOB) with a Beverly Hills, Calif., address sells, one can rest assured that the sales price will be quite eye popping. And that’s exactly the case with the recent transaction involving the building […]
Transactions: Stage Equity Partners LLC acquires 31,000 s.f. MOB in Atlanta area for $6.1 million
LITHONIA, Ga. – Stage Equity Partners LLC continues to be on the lookout for potential acquisitions in the HRE sector, as evidenced by its recent purchase of Stonecrest Medical Office Building in Lithonia, Ga., east of Atlanta.
Transactions: MOB sales remain on record pace
Relentlessly red-hot investment market accelerated to another record during Q3 By John B. Mugford With just one quarter left in 2015, the total dollar volume of medical office building (MOB) sales for the year was approaching, and was certainly on a course to surpass, the record-setting total of a 2014. That 2015 is turning out […]
Transactions: Seavest lands MOB on Trinity campus
Private equity firm acquires Grandview Physicians Plaza in Birmingham, Ala. By John B. Mugford For more than a decade, a nearly completed but never opened 12-story hospital loomed over a busy stretch of U.S. Highway 280 about eight miles south of downtown Birmingham, Ala. The Digital Hospital was to be the flagship hospital for HealthSouth […]