Feature Story: MOB sales slowed in Q1, but it’s still early for 2021
Revista principals share data on sales, construction, leasing and more By John B. Mugford After the medical office building (MOB) sales volume rallied in late 2020 to finish off what could be considered a surprisingly strong 2020 – considering that COVID-19 pandemic started early in the year – 2021 is not necessarily off to a […]
News Release: Newmark Completes $55.2 Million Sale of Andover Medical Center in Andover, MA
FOR IMMEDIATE RELEASE Boston, MA (May 10, 2021) — Newmark announces the $55.2 million sale of Andover Medical Center, a trophy medical office complex located in the Boston suburb of Andover, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin, Executive Managing Director Frank Nelson, Senior Managing Director Michael Greeley, Director Blake McLaughlin and Associate […]
News Release: Cushman & Wakefield’s Healthcare Capital Markets Team Closes Sale of Anderson Ferry Plaza (Cincinnati)
For Immediate Release $4.2M Sale of Well-Located MOB in Cincinnati Suburbs CHICAGO, May 7, 2021 – Cushman & Wakefield announced today that the firm’s Healthcare Capital Markets team has completed the $4.2 million sale of Anderson Ferry Plaza, a 43,599-square-foot medical office building (MOB) in Cincinnati, Ohio. Cushman & Wakefield Managing Directors Gino Lollio, Scott […]
News Release: CIT Serves as Sole Lead Arranger of $17.4 Million Financing for Medical Office Buildings in Bakersfield, California
NEW YORK — May 6, 2021 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $17.4 million loan to finance the acquisition of a portfolio of three medical office buildings in Bakersfield, California. The medical office building portfolio includes more than 65,000 square feet, […]
News Release: Cushman & Wakefield Sources Equity Placement from Turner Impact Capital for New Freedom’s Behavioral Health Campus in Phoenix
For Immediate Release Leading Social Impact Investment Firm Commits $17.6M to Groundbreaking Repositioning CHICAGO, May 4, 2021 – Cushman & Wakefield announced today that the firm’s Healthcare Capital Markets team has sourced an equity placement from social impact investment firm Turner Impact Capital for a joint venture of Waltz Construction and New Freedom. Turner Impact […]
News Release: Flagship Healthcare Trust Expands Raleigh Portfolio
REIT Acquires North Hills Property, Home to Prominent Medical Clinic CHARLOTTE, N.C. (May 3, 2021) – Flagship Healthcare Trust (Flagship REIT), a Charlotte-based outpatient healthcare real estate investment trust, has acquired North Hills Medical Office Building (MOB) in Raleigh, the REIT’s 8th property in the Raleigh-Durham area. Located at 3900 Browning Place, the 20,877 square […]
News Release: Top-rated Bay Area life science cluster attracts new development
JLL’s Capital Markets team places $400+ million construction loan for Genesis Marina SAN DIEGO – May 3, 2021 – JLL Capital Markets announced today that it has secured a $400+ million construction loan for Genesis Marina, a to-be-built, waterfront Class A+ life science campus totaling approximately 570,000 square feet in Brisbane, Calif. Working on behalf […]
News Release: HCA Healthcare to Sell Four of Its Hospitals in Georgia to Piedmont Healthcare
May 03, 2021 09:20 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–HCA Healthcare, Inc. (NYSE:HCA), one of the nation’s leading healthcare providers, today announced the signing of a definitive agreement to sell four of its hospitals in Georgia for approximately $950,000,000. HCA Healthcare has agreed to sell the following hospitals in north Georgia and Macon to […]
News Release: BMO Harris Healthcare Real Estate Finance provides a $28.6 Million Credit Facility for Kayne Anderson Real Estate and Remedy Medical Properties
Chicago, April 15, 2021 – BMO Harris Bank’s Healthcare Real Estate Finance group announces that it has closed on a $28.6 million term loan to Kayne Anderson Real Estate and Remedy Medical Properties to acquire a portfolio of medical office buildings. The portfolio consists of 4 facilities in Albuquerque, NM totaling 115k SF. The portfolio is […]
News Release: BioMed Realty Acquires Development Site in Seattle
New property capable of supporting a large-scale multi-tenant campus for life science and technology companies April 30, 2021 12:00 PM Eastern Daylight Time SAN DIEGO — (BUSINESS WIRE) — BioMed Realty, a leading provider of real estate solutions for the life science and technology industries, has acquired two adjacent parcels from Clise Properties totalling 1.8 […]
News Release: Montecito Acquires Surgical Facility In Suburban Cleveland
FOR IMMEDIATE RELEASE April 30, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of an outpatient-oriented surgical facility in the Cleveland suburb of Beachwood, Ohio. Beachwood Medical Center, which was built in 2019, encompasses 69,800 square feet and is 100% leased to an […]
News Release: Just Closed – Bridge Financing (West Orange, N.J.)
CLOSED Cadence Capital Partners Secures $12,955,000 Bridge Financing Cadence Capital Partners is pleased to announce the closing of a $12,955,000, 5-year term, Acquisition, Capex, TI/LC Bridge Loan for a multi-tenant medical office building located 0.75 miles from Saint Barnabas Medical Center in West Orange, New Jersey. Cadence worked diligently to source the non-recourse loan through a large debt fund. Cadence […]
News Release: Medical Office Conversion Financing – Rio Vista Plaza (San Diego)
JUST FINANCED RIO VISTA PLAZA San Diego, CA Medical Office Conversion Financing: Rio Vista Plaza CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the placement of acquisition and reposition financing for Anchor Health Properties, to help facilitate the purchase and conversion of Rio Vista Plaza to a 100% medical office building. Zack […]
News Release: Wilshire West Medical Tower refinanced with $42.5M loan
JLL Capital Markets led financing efforts for the Los Angeles-area property; continues to see resiliency/strength in the medical office sector LOS ANGELES – April 28, 2021 – JLL Capital Markets announced today that it has arranged a $42.5 million refinancing for Wilshire West Medical Tower, a 78,702-square-foot, trophy medical office building in the desirable Brentwood […]
News Release: Continued healthcare demand fuels on-campus Fullerton, CA MOB sale
JLL Capital Markets arranged the sale and financing of the 101 Laguna medical office building SAN DIEGO – Apr. XX, 2021 – JLL Capital Markets announced today that it has closed the sale and financing of 101 Laguna, a 21,554-square-foot medical office building in Fullerton, California. JLL worked on behalf of the seller, Healthcare Property […]