Transactions (March 2008)
Illinois system offering 10 buildings LAKE FOREST HOSPITAL SELLING PORTFOLIO WITH 417,723 SQUARE FEET By John Mugford During a time of tight credit and somewhat bleak economic news, potential buyers are showing plenty of interest in a portfolio of 10 medical buildings being offered by Lake Forest Hospital in the northern suburbs of Chicago. The […]
Transactions (Febraury 2008)
Nationwide mops up MOBs in St. Louis REIT CONTINUES DIVERSIFICATION; TEAMS WITH McSHANE ON $50M PURCHASE By John Mugford Nationwide Health Properties (NYSE: NHP), a publicly traded healthcare real estate investment trust (REIT) based in Newport Beach, Calif., is continuing with its diversification toward owning more and more MOBs. As noted in an article starting […]
Transactions (December 2007)
Doc hopes to buy, convert Waco tower SOME OBSERVERS WEARY OF DR. B.B. CHANG’S PLAN FOR RESEARCH INSTITUTE By John Mugford A local physician is hoping to turn a soon-to-be vacant, 10-story patient tower into a medical research center in Waco, Texas, about 90 miles south of Dallas. However, a major problem facing Dr. B.B. […]
Transactions: Q2 MOB stats (October 2007)
MOBs are still the deal SALES VOLUME STRONG; PRICES LEVELING OFF By John Mugford While the commercial real estate liquidity crunch might be having a temporary effect on some healthcare real estate transactions, nationwide sales of medical office buildings (MOBs) show no signs of slowing. As of Oct. 1, in fact, the number of MOB […]
Transactions: 2006 and Q4 MOB Report (Febuary 2007)
MOB investment might change in 2007 REAL CAPITAL ANALYTICS FORESEES REGIONAL VARIATIONS, MORE DEVELOPMENT By Murray W. Wolf At first glance, 2006 appeared to be the same old story for medical office building (MOB) investors: rising prices per square foot and falling capitalization rates. In fact, that has been the consistent theme since […]
Transactions: Quarterly MOB Report (January 2007)
MOB prices still rising, caps still falling Q3 2006 SALES TRANSACTION DATA INDICATES A CONTINUATION OF THOSE TRENDS By Murray W. Wolf When it comes to medical office buildings (MOB), comprehensive information about national transactions is hard to come by. For example, if you conduct searches for MOB deals using CoStar Group Inc. […]
Q&A: John Cobb of GE HFS (July 2006)
Reorganization is paying off for GE HFS JOHN COBB SEES BRIGHT FUTURE FOR HIS GROUP AND THE INDUSTRY AS A WHOLE By Murray W. Wolf John Cobb is senior managing director of the real estate financing team for GE Healthcare Financial Services (GE HFS). A few weeks before GE HFS announced a whopping […]
Transactions: Atlanta MOB deal (March 2006)
RREEF acquires MOB for $61.3 million NEW DETAILS EMERGE IN RECENT ACQUISITION OF DOCTORS CENTER FOUR IN ATLANTA By Murray W. Wolf Newly obtained information reveals that RREEF North America paid $61.283 million, nearly $294 per square foot, for its recent acquisition of an Atlanta medical office building (MOB). As reported in last […]
Financing & Investment (January 2006)
Beverly Enterprises Inc. (NYSE: BEV) of Fort Smith, Ark., announced Nov. 21 that financing commitments related to its previously reported merger process had been fulfilled, including receipt of a $350 million equity commitment and a $50 million letter of credit. The company has entered into an amended merger agreement at a revised all-cash price of $12.50 per share. Under the amended agreement, Fillmore Strategic Investors LLC, an affiliate of Fillmore Capital Partners – a private equity firm focused on investments principally in the lodging and healthcare sectors – will replace North American Senior Care (NASC) and its affiliates as the acquiring entity.
Transactions: Demand for MOBs remains sky high
MEDICAL OFFICE BUILDING PRICES KEEP RISING AND CAP RATES KEEP FALLING By John Mugford Statistics concerning nationwide sales of medical office buildings (MOBs) continue to tell a compelling and, for that matter, somewhat incredible story. In a nutshell, the story goes like this: More and more investors are looking to acquire MOBs, finding available product […]
Transactions: Los Angeles R.E. investor, developer buys MOB in Orange County for $15.9M
LAGUNA HILLS, Calif. – Los Angelesbased Laurus Corp., a private real estate investment and development firm founded in 1999, recently acquired an MOB in Laguna Hills as a “value-add” opportunity. According to data from real estate research firm Real Capital Analytics, Laurus paid $15.9 million for the Saddle back Financial Center, a four-story, 72,928 square […]
Transactions: Local firm acquires iconic, illuminated MOB near Houston’s downtown
HOUSTON – A Houston-based commercial real estate firm, Boxer Property, recently acquired a long-standing landmark MOB and office building on a highly visible location in the city just off U.S. Interstate 45 at U.S. Highway 59. One of the reasons the St. Joseph Professional Building, at 200 Crawford St., has been so well known over […]
Transactions: Norvin Properties buys MOB in Sugar Land, Texas, near a CHI St. Luke’s hospital
SUGAR LAND, Texas – New Yorkbased Norvin Properties, which has a portfolio of more than 1 million square feet of healthcare facilities, recently acquired an MOB in Sugar Land, in the suburbs southwest of Houston. According to RCA, Norvin acquired the 79,629 square foot Sugar Land Medical Pavilion at 14815 Southwest Freeway for an undisclosed […]