Post-Acute & Senior Living: Another seniors project to break ground in booming Charleston, S.C., area
CHARLESTON, S.C. – With its charming and historic downtown and temperate winter weather, the Charleston area is seeing plenty of demand for a variety of senior housing projects. Among the dozen or so projects planned or underway in the area is one in Mount Pleasant, a suburb just across the Cooper River from the heart […]
Industry Pulse: HRE Leasing Market Will Tighten Further in 2016
Increasing demand and falling construction might be a positive for current MOB landlords. Although medical office building (MOB) construction, occupancies and rental rates still haven’t returned to pre-Great Recession levels, a first quarter (Q1) 2016 decline in construction has helped to improve occupancies and rents, according to the “U.S. Healthcare Real Estate Outlook 2016” report […]
Post-Acute & Senior Living: Houston-based Cardinal Bay acquires eight-property senior portfolio for $210 million
TEXAS and OKLAHOMA – Cardinal Bay recently closed on the acquisition of an eight-property senior housing portfolio in Greater Houston and Oklahoma City.
Post-Acute & Senior Living: Sonata Senior Living plans $30 million senior community in Winter Garden, Fla.
WINTER GARDEN, Fla. – On a site across from its memory care community in Winter Garden, Sonata Senior Living, based in Orlando, Fla., has plans to build a 139,000 square foot, 113-unit independent living seniors community.
Companies & People: Scott North joins McGough Construction as executive VP of national healthcare group
ST. PAUL, Minn. – McGough Construction recently announced that Scott North has joined the company as EVP of its national healthcare group.
Companies & People: Stream Realty joins HRE arena
Large Dallas-based CRE firm hires Rob Choksi to head new healthcare division By John B. Mugford One of the big hitters in Texas real estate – and now in a number of other major markets – is launching a new healthcare division in Houston, where healthcare real estate (HRE) is experiencing quite a boom.
Companies & People: Alan L. Pontius promoted to director of specialty divisions at Marcus & Millichap
CALABASAS, Calif. – Calabasas-based Marcus & Millichap (NYSE: MMI) recently named Alan L. Pontius, a senior VP, as national director of the firm’s specialty divisions, which include MOBs and senior housing, among other sectors.
Companies & People: HRE Cap represents MedProperties Group in recapitalization of six-MOB portfolio
GREATER CHICAGO – New York-based Healthcare Real Estate Capital (HRE Cap) recently represented Northbrook, Ill.-based MedProperties Group (MPG) in a recapitalization with an undisclosed investor of a six-building, 219,000 square foot MOB portfolio.
Companies & People: JLL Healthcare Capital Markets facilitates permanent financing for Wisconsin portfolio
MILWAUKEE – The JLL Healthcare Capital Markets Group closed May 9 on the permanent financing for a portfolio of MOBs in the Milwaukee area.
Companies & People: Fairfield Asset Advisors brokers $5.2 million sale of Houston MOB occupied by two tenants
HOUSTON — Denver-based Fairfield Advisors recently arranged the $5.2 million sale of the University of Texas (UT) Physicians Medical Office Building (MOB) in Houston.
Companies & People: NexCore completes Denver area MOB
Firm completes its second building on new St. Anthony North Health Campus By John B. Mugford Denver-based NexCore Group recently completed the 41,400 square foot Medical Pavilion on the new St. Anthony North Health Campus in Westminster, Colo., a suburb north of Denver.
Archives: April 2016
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Cover Story: DocREIT was in buying mode in Q1, increasing its guidance for 2016
MILWAUKEE – Even though officials with Physicians Realty Trust say they are being careful about not making too many MOB acquisitions, they continue to see buying opportunities that, at least some of which, they believe are in the best interests of the company to complete.
Cover Story: Biggest deal ever
Physicians Realty Trust pays $692 million for 52 MOBs, 3.16 million square feet By John B. Mugford This is the type of deal healthcare real estate (HRE) professionals have been hoping for and perhaps anticipating for some time: a major health system selling a large number of its ancillary facilities in order to deploy a […]