People & Companies: Remembering Bob Rosenthal, an HRE ‘pioneer’
Founder and longtime president of PMB passed away on July 3 at the age of 91 By John B. Mugford As far as Mark Toothacre is concerned, the most influential and positive person in his life has been his wife, Alice, to whom he has been married 34 years. Next on the list is Robert […]
News Release: Realty Trust Group Partners with Hamilton Health Care System on New Cardiovascular Pavilion
KNOXVILLE, Tenn., July 18, 2023 /PRNewswire/ — Realty Trust Group (RTG) has been selected to provide program management services for the recently announced Cardiovascular Pavilion to be constructed on the main campus of Hamilton Medical Center in Dalton, Georgia. The 175,000-square-foot expansion will offer a broad range of services, spanning cardiovascular surgery, electrophysiology, interventional cardiology, and structural […]
News Release: Geisinger Behavioral Health Center Northeast Celebrates Grand Opening in Moosic (Pa.)
July 17, 2023 05:40 PM Eastern Daylight Time MOOSIC, Pa.–(BUSINESS WIRE)–Geisinger Behavioral Health Center Northeast held a ribbon cutting ceremony today to mark the completion of construction and celebrate the joint venture between Geisinger and Acadia Healthcare. The 96-bed facility will provide care for adult, pediatric and adolescent patients who struggle with acute symptoms of […]
News Release: Anchor Health Properties Furthers Atlanta MSA Footprint with Significant Investment in a Nearly 92,000 Square Foot Class A MOB
FOR IMMEDIATE RELEASE July 17, 2023 (Atlanta, GA) Continuing to expand the company’s nearly one million square foot owned and managed portfolio in Georgia, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, recently closed on a three story, 91,940 square foot Class […]
News Release: LVHN Plans Gilbertsville Hospital to Boost Access to Quality Care
NEWS ANNOUNCEMENT Acute care facility fills need in tri-county region By Brian Downs July 13, 2023 Lehigh Valley Health Network (LVHN) has started construction on a new hospital in Gilbertsville, Montgomery County to help meet increasing demand for accessible, convenient ER and inpatient care. Lehigh Valley Hospital (LVH)–Gilbertsville, LVHN’s first in Montgomery County, is expected […]
News Release: Meadows & Ohly Celebrates Groundbreaking of Atrium Health Carolinas Medical Center Bed Tower
Atlanta, GA, July 13, 2023 – Meadows & Ohly, LLC, a comprehensive healthcare real estate services firm, attended the groundbreaking for the new, state-of-the-art bed tower on Atrium Health’s flagship Carolinas Medical Center campus. In partnership with Storey Program Management, Meadows & Ohly takes great pride in its role as the program manager of this […]
News Release: NAI Chase Commercial Represents Sale of Medical Office Center at 4025 Pepperwood Circle, Huntsville, AL to Home Healthcare LLC
Huntsville, AL July 13, 2023 – NAI Chase Commercial, a member of the world’s premier managed network of commercial real estate firms, announced today that it represented the seller in the sale of 4025 Pepperwood Circle located in Huntsville, Alabama to Home Healthcare LLC. Wilson Enslen and Douglas McCullough, CCIM represented the seller. The buyer […]
News Release: NexCore Group-developed Cancer Center opens in Amarillo, TX
Texas Oncology opens state-of-the-art cancer center NexCore Group, a national healthcare, life sciences, and senior living real estate developer, announced they celebrated the grand opening of the new Texas Oncology-Amarillo, a comprehensive cancer center serving the residents in the panhandle of Texas. In collaboration with Texas Oncology, the NexCore team led the single-story, 50,000-square-foot build-to-suit […]
News Release: Assisted living and memory care community sells in Tulsa suburb
JLL Capital Markets arranges the sale of Prairie House in Oklahoma DALLAS, Jul. 11, 2023 – JLL Capital Markets announced today that it has arranged the sale of Prairie House, a 105-unit assisted living and memory care community located in the growing Tulsa suburb of Broken Arrow, Oklahoma. JLL represented the seller, Prevarian Senior Living, […]
News Release: Meridian Names Michael Arvin as Managing Director, Strategy & Development
WALNUT CREEK, Calif. – Meridian, a full-service real estate developer and investor specializing in high-quality, brand-enhancing healthcare and life science developments, is pleased to announce the addition of Michael Arvin to the team as Managing Director, Strategy & Development. Arvin brings over 25-plus years of healthcare executive experience to Meridian and will provide strategic advisory […]
News Release: Sendero Capital and Angelo Gordon complete first MOB acquisition as part of their programmatic joint venture
JLL Capital Markets advised the two firms on the acquisition of the mission critical healthcare facility in Hamden, Connecticut BOSTON, Jul. 12, 2023 – JLL Capital Markets announced today that it advised on the acquisition of 1952 Whitney Ave., a 53,120-square-foot medical office building in Hamden, Connecticut. JLL represented Sendero Capital and Angelo Gordon, who […]
News Release: JLL — Just Closed: Greenway Park, San Antonio, TX
Just Closed: Greenway Park, San Antonio, TX JLL Medical Properties Group (Capital Markets) is pleased to announce the sale of Greenway Park, a fully occupied medical office and life sciences building located in San Antonio, Texas. The 109,320 square foot property is strategically located along San Antonio’s innermost loop, Interstate 410, and less than one mile […]
News Release: Nebraska Medicine Celebrates the Beginning of Kearney Cancer Center Construction
OMAHA, Neb. (July 12, 2023) – With the turn of the key to a bulldozer, McCarthy Building Companies-Omaha joined Nebraska Medicine and the University of Nebraska-Kearney in celebrating the beginning of construction for Nebraska Medicine’s Kearney Cancer Center. The celebration of construction was commenced by Nebraska Medicine CEO James Linder, MD, ‘bulldozing cancer’ on June […]
Companies & People: Bob Rosenthal, founder of PMB, dies at 91
A true industry ‘pioneer,’ he started focusing on designing, developing MOBs in the 1960s SAN DIEGO – It is with great sadness that HREI must report the passing of one of the HRE sector’s true pioneers and innovators, Bob Rosenthal, the founder of longtime HRE development and investment firm Pacific Medical Buildings, now known as […]
Transactions: What’s happening with MOB sales?
James A. Schmid III of Anchor Health Properties discusses the market By John B. Mugford Anytime you want straight answers about the current state of the medical office building (MOB) sector, especially in terms of acquisitions, a good person to ask is James A. Schmid III, the chief investment officer and managing partner with long-time […]