News Release: Just Closed – Aa3 Rated MOB
Recently closed transaction, Spectrum Health West Pavilion – Grand Rapids, MI (MSA) Michael Bennett of Newmark Grubb Knight Frank acted as exclusive advisor on the sale of the Spectrum Health West Pavilion, located ub the Grand Rapids, MI MSA. The Property was 100% occupied by Spectrum Healthcare, rated Aa3 by Moody’s. The 15 Year NNN […]
News Release: Equity REIT Term Loans Top $30B
Between April 2012 and May 2013, aggregate outstanding equity REIT term loans jumped from $18 billion to $30 billion. General Growth Properties took out the largest term loan in 2013, with its $1.5 billion loan originated April 26. Equity REIT term loan usage has increased steadily over the last 18 months. As of May 10, […]
News Release: Jeannine Kirk Joins Montecito Medical Operating Company
SANTA BARBARA, Calif. (May 10, 2013) – Montecito Medical Operating Company (MMOC), a leading medical related real estate company, is pleased to announce the addition of a new Closing Coordinator to its in-house due diligence group. Jeannine Kirk, originally of the South Jersey area, brings twenty plus years of paralegal experience with a concentration in […]
News Release: Hudson Health Plan Has Entered into a Membership Substitution Transaction with MVP Health Care.
May, 15, 2013 – Hudson Health Plan, one of the largest Medicaid managed care companies in New York, was established in 1985 by a group of Federally Qualified Health Centers. Hudson Health Plan currently serves approximately 120,000 members in Medicaid, Family Health Plus, and Child Health Plus programs across six counties in New York State. […]
News Release: ERDMAN expasnds Board of Directors
Madison, Wis. (May 15, 2013) – ERDMAN, a national leader in healthcare consulting, facility planning, development and design-build, today announced the appointment of Bruce Cohen, President and Chief Operating Officer of Ares Commercial Real Estate Corporation – a publicly traded specialty finance company – to its board of directors. As a respected leader, Cohen will […]
News Release: Irgens, St. Clare Hospital Announce New On-Campus Medical Office Building in Baraboo, Wisconsin
FOR IMMEDIATE RELEASE Irgens Contact: Eric Nelson (414) 443-2593 enelson@irgens.com twitter.com/irgenspartners Dean Health System, SSM Healthcare to Lease Facility, Provide Ophthalmology, Orthopedics, General Surgery and OB-GYN Services 5.15.2013 – Milwaukee – Irgens and St. Clare Hospital have announced the development of a $6.5 million, 30,000 square foot medical office building on the hospital’s campus in […]
News Release: American Realty Capital Healthcare Trust Reports First Quarter 2013 Results and Announces Completion of $160.8 million in New Acquisitions since the Fourth Quarter 2012
FOR IMMEDIATE RELEASE New York, New York, May 15, 2013 – American Realty Capital Healthcare Trust, Inc. (“ARCHT” or the “Company”) announced today that modified funds from operations (“MFFO”), as defined by the Investment Program Association (“IPA”), for the quarter ended March 31, 2013 increased 535.7% to $8.9 million from $1.4 million for the quarter […]
News Release: C.C. Hodgson Architectural Group announces opening of Resthaven Care Community in Michigan, emphasizing wellness & spirituality
CLEVELAND, May 10, 2013— Resthaven Care Community (Holland, MI) recently opened a $4.6 million patient-centered expansion that includes a 16-suite rehab cottage, chapel/life center and wellness center. C.C. Hodgson Architectural Group, a Planetree certified architectural firm specializing in senior living, worked closely with the Resthaven team to design a facility that emphasizes wellness and spirituality. […]
News Release: $16.4 Million Medical Office Refinance Arranged by Marcus & Millichap Capital Corp.
HOUSTON, May 14, 2013 – Marcus & Millichap Capital Corporation (MMCC) has arranged the $16.4 million refinance of a 125,000-square foot medical office building in Houston. Peter Dunn, a senior director in MMCC’s Houston office, arranged the loan. “The property was severely damaged by Hurricane Ike in 2008 and then completely abandoned,” says Dunn. “The […]
News Release: Matthei & Colin Associates Announces Design Commission for Radiation Oncology Center at Advocate Condell Medical Center
CHICAGO-A new and updated Radiation Oncology Center is under design at Advocate Condell Medical Center with Matthei & Colin Associates(M&CA) as the leading healthcare design firm. They are reconfiguring the Center to add 2500 square feet of new space and will renovate about 4200 square feet of existing space in the facility located on the […]
News Release: CBRE’S U.S. Healthcare Capital Markets Group Sells Willow Creek Medical Center
DALLAS, Texas – May 10, 2013 – CBRE arranged the sale of Willow Creek Medical Center, a 27,993-square-foot medical office building in Palestine, Texas, anchored by an ambulatory surgery center. Scott Herbold, Chris Bodnar and Lee Asher of CBRE’s U.S. Healthcare Capital Markets Group represented the seller. The facility is located in Palestine’s Willow Creek […]
News Release: Just Closed – Willow Creek Medical Center
The CBRE Healthcare Capital Markets Group is pleased to announce the sale of Willow Creek Medical Center, a 27,993-square-foot medical office building in Palestine, TX, anchored by an ambulatory surgery center. Scott Herbold, Chris Bodnar and Lee Asher represented the seller. Designed to stem the outflow of surgical procedures to medical centers in Tyler and […]
News Release: Presbyterian Hospital Announces Dedication of W. P. Carey Emergency Unit
NEW YORK (May 08, 2013) — NewYork-Presbyterian Hospital celebrated the dedication of the W. P. Carey Emergency Unit at a ceremony held on Thursday, May 2, 2013. Made possible by a $5 million gift from the W. P. Carey Foundation, the facility is a critical component of the hospital’s emergency services. The W. P. Carey […]
News Release: iMed campus set to open in Naperville
DynaCom Management Inc. is accepting early lease applications for its brand new iMed Campus in Naperville. Occupancy is expected for fall 2014 but the Naperville office space provider is offering special incentives for leases signed by Aug. 31. The premium medical campus is located at 1249 W. 75th St. in Naperville. “The iMed Campus has […]
News Release: ERDMAN Partners with Memorial Hospital of Converse County
MADISON, Wis. (May 9, 2013) — ERDMAN, a national leader in healthcare consulting, facility planning, development and design-build, today announced a new partnership with Memorial Hospital of Converse County. Hospital officials engaged ERDMAN to plan, develop and build a new $6.7 million medical office building in Douglas, Wyoming. The project is scheduled to be completed […]
