Companies & People: Lorie Damon honored by BOMA International with Outstanding Achievement Award
ST. LOUIS – Cushman & Wakefield announced May 31 that Lorie Damon, managing director of its Healthcare Practice Group, was honored with the Outstanding Achievement Award at the recent Building Owners and Managers Association (BOMA) International Medical Office Building and Healthcare Facilities Conference in Orlando, Fla.
Companies & People: Tom Herzog to rejoin HCP Inc. in late June as executive VP and chief financial officer
IRVINE, Calif. – Irvine-based HCP Inc. (NYSE: HCP) recently announced that Tom Herzog is the new executive vice president (EVP) and chief financial officer (CFO).
Norvin Partners purchases fully occupied, repurposed MOB outside of Baltimore
MOUNT AIRY, Md. – The Healthcare Capital Markets Group of Jones Lang LaSalle (NYSE: JLL) recently brokered the sale of the Carroll Hospital Mount Airy MOB at 520 E. Ridgeville Blvd. in Mount Airy. The outer-ring suburb, with a population of 10,000, is about 35 miles west of Baltimore.
Archives: May 2016
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Cover Story: The Hospital of the Future
What will it mean for healthcare real estate? By John B. Mugford Imagine for a moment that you are the CEO of a health system. Everything you’ve done throughout your career, everything you’ve accomplished for your organization and every promotion you’ve achieved has elevated you to the pinnacle of your profession.
Feature Story: Nearly $100 billion in development
1,270 projects were in late planning or underway at the end of 2015, Revista says By Erin E. Porter At least for the near future, the outlook is quite bright for the healthcare real estate (HRE) sector, as a wide variety of hospitals and medical office buildings (MOBs) remain in high demand with investors and […]
Transactions: Capital Square 1031, headed by Louis Rogers, makes an MOB purchase in Winchester, Va.
WINCHESTER, Va. – Capital Square 1031, a Glen Allen, Va.-based 1031 exchange investment firm headed by Louis Rogers, continues to acquire medical facilities.
Transactions: Atlanta-based Bauman & Co. acquires three MOBs in the Southeast for a total of about $25M
ORLANDO, Fla. – Atlanta-based Bauman & Co. recently paid $10.7 million for the three-story, 45,458 square foot Lake Lurna Professional Center in downtown Orlando, across from Orlando Regional Medical Center and other major health facilities.
Transactions: UCLA pays more than $10M for MOB that its health system occupies in Thousand Oaks, Calif.
THOUSAND OAKS, Calif. – Instead of continuing to pay rent for a building that it fully occupies in Thousand Oaks, the UCLA Board of Regents recently acquired a medical office building (MOB) where UCLA Health offers a number of medical services.
Transactions: HTA acquires portfolio of 29 buildings for $178M in Hartford and New Haven
HARTFORD and NEW HAVEN, Conn. – Following a strong first quarter (Q1) 2016 of acquisitions, Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) acquired a large portfolio of MOBs in Connecticut in April.
Transactions: Strong ride for MOB sales continues
Q1 sales were $1.95 billion – a strong total, but perhaps the start of slow falloff By John B. Mugford As many healthcare real estate (HRE) professionals had predicted, the strong ride for medical office building (MOB) sales continued into early 2016 after a record-setting year of 2015.
Hot Property: Fully occupied, with Baylor name
Tenants at Coit Medical Center in Dallas have invested heavily in their spaces Name: Coit Medical Center Address: 12230 Coit Road City: Dallas Total leasable square feet: 32,201 Number of floors: 2 Number of tenants: 5 Occupancy: 100% Year built: 2009 Average lease term: 7.3 years Lot size: 1.36 acres Brokerage: HFF Brokers: Evan Kovac, […]
Transactions: DOC completes $202.3M in Q1 deals
Physicians Realty Trust says it expects to acquire more than planned in 2016 By Murray W. Wolf As previously reported in Healthcare Real Estate Insights™, Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently announced that it had agreed to acquire 52 MOBs from Catholic Health Initiatives. (Please see “Biggest deal ever” on page 19 of the […]
Transactions: German pension fund makes big buy
Blackhawk on Halsted, with 93,000 square feet of medical, sells for $130 million By John B. Mugford As demand for medical properties has soared in recent years, foreign investors have joined the fray of those interested in and making strong bids on the product type.
