COMPANIES & PEOPLE: Alvaro Rizo-Patron joins Hammes Company as regional VP at the firm’s new San Antonio office
SAN ANTONIO – Alvaro Rizo-Patron recently joined Brookfield, Wis.-based Hammes Company’s growing Texas operations as regional VP. Mr. Rizo-Patron, a building/infrastructure professional, works in company’s new office in San Antonio, which adds to the firm’s offices in Dallas and Houston.
COMPANIES & PEOPLE: Anchor Health lands 300,000 square foot management portfolio near Philadelphia
WILMINGTON, Del. – Wilmington-based Anchor Health Properties, a long-time healthcare real estate (HRE) developer that has expanded its platform in the last couple of years, announced July 7 that it was chosen to provide property management and leasing services for a large medical office portfolio in Chester County, Pa., outside of Philadelphia.
COMPANIES & PEOPLE: Five questions for John Thomas
Physicians Realty Trust CEO credit relationships for recent flurry of acquisitions By John B. Mugford Coming off a remarkable 2016 in which Milwaukee-based Physicians Realty Trust (NYSE: DOC) acquired about $1.3 billion worth of healthcare facilities, mostly medical office buildings (MOBs), officers with the real estate investment trust (REIT) indicated they were not likely to keep up with such a pace in 2017. […]
News Release: Sabra Quickly Moves Through Sabra 2.0 With the CCP Acquisition to Sabra 3.0
Follows Up Announcement of $371 Million Investment in Enlivant Joint Ventures With (1) $430 Million Sale/Leaseback Transaction With a Premier SNF Operator and (2) a Divestiture Plan for Entire Genesis Portfolio in 2018; Reaffirms 2017 Outlook and Updates 2018 Outlook IRVINE, Calif., Sept. 25, 2017 (GLOBE NEWSWIRE) — Sabra Health Care REIT, Inc. (“Sabra,” the “Company” […]
Companies & People: Five questions for John Thomas
Physicians Realty Trust CEO credit relationships for recent flurry of acquisitions By John B. Mugford Coming off a remarkable 2016 in which Milwaukee-based Physicians Realty Trust (NYSE: DOC) acquired about $1.3 billion worth of healthcare facilities, mostly medical office buildings (MOBs), officers with the real estate investment trust (REIT) indicated they were not likely to […]
News Release: Cornerstone Begins Development on Second Facility for OSF Healthcare
INDIANAPOLIS — Cornerstone Companies is scheduled to begin work on a new outpatient primary care facility for OSF Healthcare in Godfrey, Illinois. The development will include approximately 8,200 square feet of medical office space. The new facility will be built at 107 Watters Drive, Dwight, Illinois, and construction is expected to take seven months, completing […]
News Release: The Missner Group Completes New Location For Illinois Bone & Joint Institute In Lake Bluff And Chicago, Illinois
Expansion Also Completed at Bannockburn, Illinois Location (Des Plaines, Illinois) – The Missner Group is pleased to announce that the firm has completed renovations in Lake Bluff and Chicago, Illinois, bringing two new locations for the Illinois Bone & Joint Institute (IBJI) to the Chicago area. The construction firm has also completed an expansion of […]
News Release: BGL Real Estate Partners Announces the Sale of Kleiman Evangelista Eye Center
Chicago, IL – September 21, 2017 – BGL Real Estate Partners (BGLREP), a division of Brown Gibbons Lang & Company (BGL), is pleased to announce the real estate sale of the Kleiman | Evangelista Eye Center, located in Arlington, Texas to Inland Private Capital. BGLREP’s National Healthcare Real Estate team served as the exclusive advisors to […]
News Release: Berkadia’s Seniors Housing and Healthcare Group Finances Over $1 Billion in One Day
SEPTEMBER 20, 2017 NEW YORK – September 20, 2017 – Today, Berkadia’s Seniors Housing and Healthcare Group announced the closing of over $1.03 billion in financings in one day. The September 7 financings consisted of two separate transactions. The first financing was over $995 million for Columbia Pacific Advisors’ (CPA) acquisition of Hawthorn Retirement’s properties, and […]
News Release: MedProperties Holdings acquires multistate Harrison Street healthcare real estate portfolio
The acquisition is the largest to date for the Dallas-based private equity firm. It includes a diverse 10-state, 17-property, 92% leased portfolio totaling 620,750 square feet, with an approximate cost of $230 million. DALLAS, Sept. 13, 2017 – Acquiring any sizable healthcare real estate (HRE) portfolio can be a challenge. But the recent acquisition of […]
News releases: Farbman closed on 57,964 SF of new and renewed leases for medical space in August
For the month of August, Farbman closed on 57,964 SF of new and renewed leases for medical space, including a 38,476 SF lease renewal to VHS Children’s Hospital of Michigan, Inc. and 10,381 lease renewal to VHS Rehabilitation Institute of Michigan Inc. in Clinton Township and Sterling Heights, Michigan respectively. Office/Medical Leases 38,476 SF lease […]
News releaseE: Faith Regional Expanding Campus with New Medical Office Building
SEPTEMBER 19, 2017 Faith Regional Health Services plans to expand its campus footprint with the addition of a 109,000 square foot medical office building located directly south of Norfolk Avenue. The land was purchased by Faith Regional Health Services for future development in 1999 and over the last three years has been part of ongoing […]
News Release: Avison Young brokers $4.9-million sale of historic Grunow Memorial Medical Center in Phoenix
Phoenix, AZ – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated the $4.9-million sale of Grunow Memorial Medical Center, a historic 47,494-square-foot medical office building in Phoenix. Avison Young Principals Julie Johnson and Alexandra Loye, based in the company’s Phoenix office, brokered the sale. The seller was […]
News Release: Hammes Appoints New Vice President for Facility Development
MILWAUKEE, Wis., September 15, 2017 – Hammes Company, the nation’s leader in healthcare facilities development, (hammesco.com) today announced that Marvin Daniels, has joined the firm to meet growing market demand for specialized project management services. Hammes Company is hiring to meet growing demand in most parts of the country, including the Southeast, Midwest and Northeast. […]
News Release: HCP Provides Update on Impact of Hurricane Irma
IRVINE, Calif., Sept. 15, 2017 /PRNewswire/ — HCP, Inc. (NYSE: HCP) today provided an update on the impact from Hurricane Irma. HCP’s preliminary assessment indicates that its assets in the impacted regions incurred either no or limited wind, flood or other storm-related damage. Utility power has been restored at all but one property. “The care […]