News Release: Market Street Dermatology Moving to International Market Square
Practice to Open October 2013 MINNEAPOLIS, (Sept. 19, 2013) – Greywolf Partners, Inc., property and asset manager for International Market Square (IMS), recently finalized the execution of a 4,328 square foot, ten-year lease with Market Street Dermatology. Elyse Scheuer, MD and Lynda Kauls, MD will be opening their new practice in IMS in October 2013. […]
News Release: Griffin-American Healthcare REIT II Completes $472.2 Million Acquisition of 44-Facility UK Senior Housing Portfolio
REIT adds significant international component; expands portfolio to $2.1 billion in value, based on aggregate acquisition price NEWPORT BEACH, Calif. (Sept. 12, 2013) – Griffin-American Healthcare REIT II, Inc. announced today that it has completed the acquisition of a 44-facility portfolio of premium senior housing and care facilities located in England, Scotland and the Channel […]
News Release: CNL Healthcare Properties Acquires Six Medical Facilities
Portfolio includes five medical office and healthcare related buildings and one specialty hospital (ORLANDO, Fla.) Aug. 29, 2013 – CNL Healthcare Properties, an investment offering focused on senior housing and healthcare real estate, has acquired a portfolio including five medical office buildings and one specialty hospital for $59.5 million. The properties are located in the Cleveland; […]
News Release: Medical Office Remains Prime Asset Class Amongst Investors
Jones Lang LaSalle says transaction volumes in 2013 expected to meet or exceed 2012 levels; performance, long-term demand and significant capital raises contribute to favored status CHICAGO, August 23, 2013 – The Medical Office Building sector continues its reign as one of the most sought-after product types in commercial real estate following record-setting pace for […]
Transactions: HTA closes three MOBs acquisitions
Separate deals in Colorado, Texas and Pennsylvania total about $85 million By John B. Mugford Growing Parker, Colo., is in the far southern suburbs of the Denver metropolitan area and was picked this year by Money magazine as the 12th best place to live in the country. According to the magazine, the city of […]
Transactions: MPT to acquire three IASIS hospitals
REIT’s purchase is expected to generate more than $280 million for the system By John B. Mugford Medical Properties Trust Inc. (NYSE: MPW), a publicly traded real estate investment trust (REIT) that focuses on net-leased healthcare facilities, namely hospitals, recently announced that it will acquire the real estate assets of three major acute-care facilities operated […]
Transactions: MedProperties Holdings, Equity Inc. team up to buy MOB in Cincy suburb
EVENDALE, Ohio – A recently formed and expanding partnership of Dallas-based MedProperties Holdings LLC and Columbus, Ohio-based Equity Inc. has acquired a 65,670 square foot MOB in Evendale, a suburb of Cincinnati. The Evendale Healthcare Center has four stories, was completed in 1988 and is on 4.6 acres at 10475 Reading Rd., between U.S. interstates […]
Transactions: Chicago-area MOB portfolio acquired by Griffin-American REIT
HINSDALE, Ill. – Newport Beach, Calif.-based Griffin-American Healthcare REIT II recently acquired a two-building, 88 percent leased MOB portfolio in Hinsdale, Ill., that is anchored by two large Chicago-area providers. Griffin-American paid $35.5 million for the facilities at 908 N. Elm St., or about $210 PSF, according to RCA. The 169,078 square foot, two building […]
News Release: Montecito Medical Acquires Columbia Medical Campus
SANTA BARBARA, CA (July 30, 2013) – Montecito Medical, a premier owner of medical office buildings throughout the US, has acquired the Columbia Medical Campus (CMC) in Columbia, Maryland. Located in Howard County, the 3rd wealthiest county in the nation, Columbia Medical Campus is comprised of two medical office buildings (Knoll I and Knoll II) totaling […]
Transactions: Q2 sees sizable drop in MOB sales
But HRE professionals say demand remains strong and won’t ease anytime soon By John Mugford Not since the third quarter (Q3) of 2011 has the nationwide sales volume for medical office buildings (MOBs) been lower than the total for the second quarter (Q2) of this year. In fact, the sales total of
News Release: Lillibridge Acquires Advocate MOBs
409,000 square feet added to MOB portfolio, strengthening Advocate relationship CHICAGO, Aug. 19, 2013 – Lillibridge Healthcare Services, Inc. (Lillibridge), the nation’s largest owner and manager of medical office buildings (MOBs) and a wholly owned subsidiary of Ventas, Inc. (NYSE: VTR), has acquired a 409,000 square foot MOB portfolio located on the campuses of five Advocate […]
News Release: Ensemble Real Estate Solutions Experiences Encouraging Growth in Second Quarter
Phoenix, AZ (August 12, 2013) – Ensemble Real Estate Solutions closed out its 2013 second quarter with 59 medical office transactions totaling over $18.9 million in total lease value, representing a 38% increase in total leasing activity when compared to Ensemble’s 2012 second quarter. With just over 200,000 square feet in closed deals, some of the notable […]
News Release: Ensemble Real Estate Solutions Experiences Encouraging Growth in Second Quarter
Phoenix, AZ (August 12, 2013) – Ensemble Real Estate Solutions closed out its 2013 second quarter with 59 medical office transactions totaling over $18.9 million in total lease value, representing a 38% increase in total leasing activity when compared to Ensemble’s 2012 second quarter. With just over 200,000 square feet in closed deals, some of the […]
News Release: Just Closed – Emory Aesthetic Center at Paces – CBRE Inc.
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Emory Aesthetic Center at Paces in Atlanta, Georgia. Sale Date: July 31, 2013 Sale Price: $6,840,000 Price PSF: $287 Condo Size: 23,869 SF Year Built: 1991 Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the […]