Hot Property: Portfolio for sale in TMC ‘profit zone’
Planned Baylor St. Luke’s Medical Center relocation creates new opportunities Name: Texas Medical Center portfolio City: Houston Number of buildings: 2 Total leasable square feet: 673,395 Occupancy (total): 89.9% Numbers of floors: 27 and 15 Years built: 1991 and 2003 Lot size: 6 acres In-place NOI: about $6.6 million Broker: CBRE Brokers: Chris Bodnar, Lee […]
Transactions: HTA buys six assets for nearly $162M
Public REIT acquires medical and office buildings in three separate transactions By Murray W. Wolf Healthcare Trust of America Inc. (NYSE: HTA) acquired six medical and office buildings in three separate transaction totaling nearly $162 million and 726,525 square feet during the first quarter (Q1) of 2016.
Transactions: Meridian acquires MOBs for $37.5M
Two-building Pasadena, Calif., complex is the firm’s biggest purchase so far By Murray W. Wolf Meridian Property Co. recently closed on the $37.5 million acquisition of the 115,000 square foot Cotton Medical Center complex in Pasadena, Calif. It was the San Ramon, Calif.-based healthcare real estate developer-owner’s largest acquisition to date and its eighth medical […]
Transactions: Universal Health Realty Income Trust acquires Alabama MOB for about $10.1 million
MADISON, Ala. – Universal Health Realty Income Trust (NYSE: UHT) of King of Prussia, Pa., closed in March on the acquisition of the three-story, 30,096 square foot Madison MOB for about $10.1 million, or about $336 per square foot.
Transactions: Greenlaw Partners and UBS acquire California MOB from Ventas for $34.5 million
LAGUNA HILLS, Calif. – A joint venture (JV) of Greenlaw Partners and a fund advised by UBS Realty Investors LLC recently acquired Saddleback Valley Medical Center in Laguna Hills for $34.5 million, or $256 per square foot (PSF).
Transactions: MedProperties Holdings acquires Illinois surgery center for $17.1 million
MOKENA, Ill. – Dallas-based MedProperties Holdings LLC closed Feb. 29 on the acquisition of a Chicago-area ambulatory surgery center (ASC), the Center for Minimally Invasive Surgery (CMIS) in Mokena.
Transactions: Welltower acquires Wisconsin MOB for $18 million from Ministry Health Care
MENASHA, Wis. – Welltower Inc. (NYSE: HCN), the nation’s largest publicly traded healthcare REIT, acquired the three-story, 71,648 square foot 1550 Midway Place MOB in Menasha from Ministry Health Care in January for $18 million, or $251 PSF, according to RCA data.
Transactions: Hammes Partners buys Baltimore MOB from Caves Valley Partners for $23 million
BALTIMORE – Hammes Partners has acquired the three-story, 45,000 square foot Riverside Wharf MOB at 1420 Key Highway in Baltimore from Caves Valley Partners for $23 million, the Baltimore Business Journal reports.
Outpatient Projects: Two big MOBs planned in Louisville
Unrelated projects would each add about 84,000 square feet of space By Connie M. McCaffrey Louisville residents will soon have many more healthcare options, thanks to two large medical office buildings (MOBs) that are being developed in the area by two separate organizations.
Outpatient Projects: Irgens developing single-story, 23,600 square foot MOB in Brookfield, Wis.
BROOKFIELD, Wis. – Irgens plans to break ground soon for the one-story, 23,600 square foot Calhoun Health Center at 1905 N. Calhoun Road in Brookfield.
Outpatient Projects: Kittitas Valley Healthcare approves master site facility plan, including $17 million MOB
ELLENSBURG, Wash. – On March 7, the Kittitas Valley Healthcare (KVH) Board of Commissioners unanimously approved a master site facility plan for the future of the KVH campus in Ellensburg.
Outpatient Projects: HealthCare Partners breaks ground on 58,000 square foot MOB in Pahrump, Nev.
PAHRUMP, Nev. – HealthCare Partners Medical Group recently announced plans for a new 58,000 square foot MOB at 1397 S. Loop Road in Pahrump, about 60 miles west of Las Vegas.
Outpatient Projects: RJ Capital Holdings plans five-story, 100,000 square foot retail and MOB in Queens, N.Y.
QUEENS, N.Y. – RJ Capital Holdings wants to transform an entire block in the Rego Park area of Queens into a five-story, 100,000 square foot MOB with ground floor retail space and underground parking, the local Queens Courier newspaper reports.
Outpatient Projects: Sutter Gould Medical Foundation breaks ground for $30 million, 45,000 s.f. MOB in Tracy, Calif.
TRACY, Calif. – Sutter Gould Medical Foundation recently broke ground for the new $30 million, two-story, 45,000 square foot Tracy Care Center at 447 W. Eaton Ave., next to Sutter Tracy Community Hospital.
Outpatient Projects: Cooper University Health Care hopes to repurpose former Lockheed Martin building in N.J.
CHERRY HILL, N.J. – Cooper University Health Care reportedly plans to convert a vacant office building on New Jersey Route 70 into a medical center.
