Companies & People: Five questions for Aole Ansari
U.S. Navy veteran brings unique perspective to leading Lendlease healthcare team By John B. Mugford For a number of years here in the United States, Australia-based Lendlease’s involvement in healthcare was heavily focused on project management and the construction of hospitals and buildings for health systems.
Companies & People: Danis Construction chosen as contractor for $36.1 million ED replacement in southern Ohio
CHILLICOTHE, Ohio – Chillicothe-based Adena Health System recently selected Dayton, Ohio-based Danis Building Construction Co. to serve as the general contractor for the building of a new, expanded emergency department (ED) at its 209-bed Adena Regional Medical Center in Chillicothe, a city of about 22,000 residents in the southern part of the state.
Companies & People: Growth of staff, portfolio prompts Montecito Medical to relocate headquarters
NASHVILLE, Tenn. – Montecito Medical Real Estate, which continues to grow its staff and portfolio of MOBs, recently announced that it is moving its headquarters from Brentwood, Tenn., to space in One American Center, a 12-story building in Nashville’s Midtown area.
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February 2017
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Transactions: MOB sales strong in Q4 2016
Bolstered by a big portfolio sale, quarter’s MOB volume hit $3.33 billion By John B. Mugford Commercial real estate brokers are known to say that sales of medical office buildings (MOBs), as well as other types of commercial real estate, typically pick up in the final quarter of most years. That was certainly the case […]
Transactions: Welcome back, TopMed team
Former ProMed Properties executives make first acquisition as new company By John B. Mugford For a time, between 2006 to 2012, New York-based ProMed Properties was a significant owner of medical office and healthcare properties up and down the East Coast. During that half dozen years or so, ProMed, a subsidiary of Tel Aviv, Israel-based […]
Transactions: LaSalle acquires 150,000 s.f. MOB
Price was $81.8 million for repurposed former retail store in Cherry Hill, N.J. By John B. Mugford When Bethesda, Md.-based Finmarc Management Inc. acquired a vacant Syms department store building on an 11-acre in a heavily trafficked area of Cherry Hill, N.J., for $4.75 million in 2013, it had a number of options for transforming […]
Transactions: LaSalle acquires 150,000 s.f. MOB
Price was $81.8 million for repurposed former retail store in Cherry Hill, N.J. By John B. Mugford When Bethesda, Md.-based Finmarc Management Inc. acquired a vacant Syms department store building on an 11-acre in a heavily trafficked area of Cherry Hill, N.J., for $4.75 million in 2013, it had a number of options for transforming […]
Hot Property: Miami MOB is in high barrier market
Mercy Medical Arts Building, completed in late 2016, is a value-add offering Name: Mercy Medical Arts Building Address: 3683 S. Miami Ave. Location: Miami Year built: 2016 Square feet: 115,920 Occupancy: Vacant Stories: 5 Seller: Undisclosed Brokerage: JLL Brokers: Steve Leathers, Mindy Berman, Daniel Turley and Brian Bacharach The campus of the 488-bed Mercy Hospital […]
Transactions: Flagship Healthcare Properties buys MOB for $13.9M in Rome, Ga.
ROME, Ga. – Charlotte, N.C.-based Flagship Healthcare Properties recently acquired a fully occupied MOB in Rome, a city of about 40,000 residents at the foot of the Appalachian Mountains some 60 miles northwest of Atlanta.
Transactions: Welcome back, TopMed team
Former ProMed Properties executives make first acquisition as new company By John B. Mugford For a time, between 2006 to 2012, New York-based ProMed Properties was a significant owner of medical office and healthcare properties up and down the East Coast.
Transactions: Physicians Realty Trust makes a number of buys in late 2016, early 2017
MILWAUKEE – Milwaukee-based Physicians Realty Trust (NYSE: DOC) made big headlines in mid-2016, closing on the largest health system monetization, or sale, of an MOB portfolio ever recorded.
Transactions: Starwood’s $796.6M deal closes
Transaction was finalized just before year-end, making it the biggest deal of 2016 By John B. Mugford Just days before the end of 2016, the largest medical office building (MOB) deal of the year closed with a few days to spare.
Outpatient Projects: Baptist Health South Florida proposes $30 million MOB as Broward County expansion continues
PLANTATION, Fla. – Miami-based Baptist Health South Florida recently announced plans for a 30,000 square foot, $30 million MOB in the Cornerstone Corporate Center in Plantation, just west of Fort Lauderdale, according to The Real Deal South Florida, a local publication.
