Transactions: Physicians Realty Trust enters agreements for purchases totaling $91.5M
MILWAUKEE – In last month’s edition of Healthcare Real Estate Insights™, John T. Thomas, president and CEO of Milwaukee-based Physicians Realty Trust (NYSE: DOC), told us that the publicly traded real estate investment trust (REIT) will likely double the size of its portfolio in 2015.
Transactions: DocREIT pays $40.4 million for two-building medical office complex in Katy, Texas
KATY, Texas – In more news from Physicians Realty Trust, the REIT recently acquired the two-building Kingsland Medical Office complex in Katy. The two buildings, one a surgery center and one a rehabilitation facility, are fully occupied by tenants that include Houston-based Memorial Hermann Health System, which has 13 hospitals, seven cancer centers and numerous […]
Transactions: Owner of historic MOB in downtown Seattle lands $69.5 million in financing
SEATTLE – The owner of one of downtown Seattle’s landmark MOBs, the Medical Dental Building, recently secured $69.5 million in financing for the facility, which total 294,286 square feet, including ground floor retail.
Hot Property: Big offering in the hottest of markets
Newly rebuilt MOB in Seattle’s First Hill submarket is 100 percent occupied Name: First Hill Medical Pavilion Address, City: 1124 Columbia St., Seattle Year completed: 2015 Total leasable space: 227,628 Occupancy: 100% Parking spaces: 415 Originally built: 1975 Rebuilt, expanded: 2015 Largest tenant: Swedish Medical Center Seller: Trammell Crow Company Brokerage: CBRE Group Inc. Brokers: […]
Transactions: MOB in ‘hot’ area trades for $710 PSF
Investor pays $38.5 million for asset in Santa Monica, Calif., healthcare corridor By John B. Mugford Los Angeles-based Stockdale Capital Partners, which started out of a family office 25 years ago, recently acquired a medical office building (MOB) in Santa Monica for $38.5 million, or $710 per square foot (PSF).
Transactions: More Healthcare Real Estate Transactions News
Associates in Ophthalmology of West Miffin, Pa., a south Pittsburgh suburb, recently sold its 27,193 square foot facility for $10.75 million. According to the brokerage firm that represented the seller, the Healthcare Capital Markets Group of Jones Lang LaSalle (JLL), the building is a Class A facility with a surgery center. Associates in Ophthalmology, the […]
Outpatient Projects: Rendina and Axis reportedly plan to develop 80,000 s.f. MOB in Fort Lauderdale, Fla.
FORT LAUDERDALE, Fla. –Rendina Healthcare Real Estate and Axis HealthCare Partners are reportedly planning a $30 million, 80,000 square foot MOB and surgery center in Fort Lauderdale.
Outpatient Projects: Greystone and Ashley submit plans for 15,000 square foot MOB near Bethlehem, Pa.
BRODHEADSVILLE, Pa. – Greystone Capital Inc., in association with Ashley Development Corp., plans to develop a 15,000 square foot medical office building in Brodheadsville that would house a primary care medical practice affiliated with St. Luke’s University Health Network, as well as other medical services.
Outpatient Projects: Ryan Cos. US gets geen light for large medical facility north of Milwaukee
MEQUON, Wis. – The potential tenant, or tenants, of a new MOB coming to Mequon, in the far northern suburbs of Milwaukee, have not been revealed.
Outpatient Projects: RTG starts MOB in Knoxville, Tenn.
$15 million project is being developed for area’s largest gastrointestinal practice By John B. Mugford For several years now, the Dowell Springs Business Park on the west side of Knoxville, Tenn., has been putting together quite a collection of medical facilities, most notably the $120 million Provision Center for Proton Therapy, which opened in 2013.
Inpatient Projects: HCA hospital underway in Florida
The $109 million, 64-bed campus is being built in Oviedo, northeast of Orlando By John B. Mugford The country’s largest healthcare company continues to grow, as Nashville, Tenn.-based HCA Holdings Inc. (NYSE: HCA) recently broke ground for a new community hospital in Oviedo, Fla., a growing city of 35,000 or so residents about 20 miles […]
Inpatient Projects: New seismic-conforming replacement hospital opens in Santa Barbara County
GOLETA, Calif. – Santa Barbara, Calif.-based Cottage Health recently opened its new 152,000 square foot, 52-bed replacement hospital in Goleta, a city along the Pacific Coast in Santa Barbara County.
Inpatient Projects: St. Luke’s plans major expansion at campus in Bethlehem Township, Pa.
BETHLEHEM TOWNSHIP, Pa. – When St. Luke’s University Health Network opened its Anderson campus in Bethlehem Township in 2011, the hospital on the site had 72 beds, 15 ED rooms and about 250,000 square feet of total space.
Inpatient Projects: St. Luke’s network also building hospital in growing Monroe County, Pa.
BARTONSVILLE, Pa. – In more news from St. Luke’s University Health Network, the system started construction earlier in 2015 on what will become its seventh hospital in eastern Pennsylvania and western New Jersey.
Inpatient Projects: Virtua system proposes $1 billion replacement campus in New Jersey
WESTAMPTON, N.J. – Marlton, N.J.-based Virtua has proposed a $1 billion replacement facility for one of its four hospitals in the southern half of the state, a large area known as South Jersey.
