Post-Acute & Senior Living: Capital Square 101 buys a newly built memory care facility in suburb near Houston
Spring, Texas – Glen Allen, Va.-based Capital Square 1031 recently announced its purchase of a newly constructed, 10,000 square foot memory care facility in the Houston suburb of Spring. Las Vegas based Bear Real Estate Advisors represented Capital Square 1031
Transactions: A 114,414 square foot MOB next to Texas Medical Center West in Katy, Texas, trades hands
Katy, Texas – A 114,414 square foot MOB adjacent to the Texas Medical West campus in the Houston suburb of Katy recently traded hands, according to a local team with Chicago-based Jones Lang
Outpatient Projects: Advocate Aurora gets approval for third phase of $130 million complex in Pleasant Prairie, Wis.
PLEASANT PRAIRIE, Wis.- The Plan Commission of Pleasant Prairie recently approved the third stage of a planned $130 million ambulatory surgery center (ASC) and MOB in the city, which is near the Illinois border along Lake Michigan.
Transactions: 1031 exchange buyer acquires fully occupied, 22,564 square foot MOB near Los Angeles
West Covina, CA – Eight offers were submitted for a 22,564 square foot, 100 percent leased MOB in West Covina, a Los Angeles suburb, that recently traded for $5.9 million, or $261 per square
Inpatient Projects: UPMC Hamot hospital in Erie, Pa., starts work on new $111 million, seven-story tower
Erie, Pa. – Construction began in early October on a $111 million expansion at UPMC Hamot hospital in Erie. The project, the largest in the 135-year history of the hospital, entails building a seven-floor patient tower that will include 64 intensive care unit (ICU) be ds, an
Outpatient Projects: Local doctor started the process of developing an MOB in Shenandoah, Texas, near Houston
Shenandoah, Texas – As we reported in May, construction is continuing on a future 58,000 square foot MOB at 121 Vision Park
Companies & People: CBRE hires Mark Lamp as executive managing director of national healthcare practice
Los Angeles – In more news from CBRE Group Inc., Mark Lamp is the new executive managing director of the firm’s healthcare practice, according to the company. CBRE Healthcare, which is separate from the company’s Healthcare Capital Markets group,
Transactions: TopMed Realty buys a pair of buildings with 32,593 square feet in Boynton Beach, Fla.
Boynton Beach, FL – TopMed Realty Acquisitions LLC, the healthcare investment firm led by Roni Soffer and Joshua Friedman, recently acquired Boynton West Professional Centre, a
Transactions: Meridian sells dialysis clinic that it developed in Oakland for $1,230 per square foot
Oakland, CA – San Ramon, Calif.-based Meridian, which develops and owns medical facilities, recently sold a 12,754 square foot dialysis clinic that it completed in late 2017 in Oakland for $15.7
Companies & People: Consulting firm Ankara acquires business units from Navigant for $470 million
Washington, DC – Washington-based Ankura, a business advisory and services firm, has closed on its previously announced acquisition of two business units from Chicago-based Navigant Consulting (NYSE: NCI), a well-known consulting firm in the healthcare industry. The price was $470 million for a deal that includes the sale of Navigant’s Healthcare Real Estate & Facilities […]
Outpatient Projects: Work starts on $24 million, on-campus MOB at OSF Healthcare hospital in Bloomington, Ill
Bloomington IL – Construction started recently on a $24 million, 53,000 square foot MOB on the campus of OSF HealthCare St. Joseph Medical Center campus in Bloomington. The future
Outpatient Projects: Orthopedics group breaks ground on 57,000 square foot MOB in Newport News, Va
Newport News, VA – Construction is underway on a future MOB and ambulatory surgery center (ASC) for Newport News based
Companies & People: Welltower closes offering of $1.3 billion in senior unsecured notes; will repay loan facility
Toledo, Ohio – Toledo-based Welltower Inc. (NYSE: WELL) announced that it has closed its offering of $1.3 billion in aggregate principal senior unsecured notes across three tranche. The notes have a weighted average maturity of 15.4 years and a blended yield
Industry Pulse: Seavest, TCC Working On ‘Small-Format’ Hospitals
The partners are working with micro hospital operator Emerus on projects for AHN
Transactions: Montecito-Heitman partnership pays $13.2 million for adjacent MOBs in Lancaster, Pa.
Lancaster, PA – A joint venture (JV) partnership of Chicago based private equity investor Heitman and Nashville, Tenn.-based Montecito Medical Real Estate recently acquired a two-MOB