Companies & People: New strategy, team kick off ‘17 at HCP
New executives look to ‘de-risk’ portfolio; REIT closes out ‘16 with big MOB buy By John B. Mugford Many of the changes that have taken place at Irvine, Calif.-based HCP Inc. (NYSE: HCP) within the past year so have been geared toward removing as much risk as possible from the portfolio of properties owned by […]
News Release: HFF closes $81.45 million recapitalization of 8-building Long Island medical office portfolio
NEW YORK, NY – April 24, 2017– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $81.45 million recapitalization of Stony Brook Technology Center, an eight-building medical office portfolio totaling 261,824 square feet in the Long Island community of East Setauket, New York. HFF represented TRITEC Real Estate, and procured the partner, […]
News Release: Cornerstone Companies Inc. Breaks Ground on $7 Million Medical Office Building in Tipton
TIPTON, IN (April 24, 2017) – Cornerstone Companies Inc. has broken ground on a $7 million medical office building in Tipton, IN. The nearly 25,000-squarefoot building is located on the grounds of IU Health Tipton Hospital and IU Health will serve as its anchor tenant. The two-story building, designed by American Structurepoint Inc., will be […]
News Release: Montecito Acquires DaVita Building in Albuquerque
April 19, 2017 07:30 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired the newly constructed DaVita Medical Group clinic in Albuquerque, N.M. Formerly known as ABQ Health Partners, DaVita Medical Group is one of the area’s largest multi-specialty medical groups and […]
News Release: Leopardo Breaks Ground on 100,000-SF Rush Oak Brook Orthopaedic Center
Leopardo Companies broke ground on the new 100,000-square-foot Rush Oak Brook Orthopaedic Center at 2011 York Road in Oak Brook. The new medical outpatient building and surgery center is a joint venture between Rush University Medical Center and Midwest Orthopaedics at Rush. It will accommodate 17 specialties, ranging from primary care and neurology to endocrinology […]
News Release: Stage Equity Partners Acquires Multi-Specialty Outpatient Surgical Center in Bloomington, Illinois
CHICAGO (April 17, 2017) – Chicago-based healthcare real estate investment company Stage Equity Partners LLC (“Stage”) announced the recent acquisition of The Center for Outpatient Medicine (TCOM), a 45,150 square foot multi-specialty outpatient surgical center in Bloomington, Illinois. According to Principals Brian Howard and Russell Brenner, Stage purchased the hospital- affiliated property from the physician […]
News Release: Montecito Acquires Thunderbird Square Building in Arizona
High-profile acquisition brings Arizona portfolio to 120,000 square feet April 17, 2017 07:30 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired a 35,420-square-foot, Class A, single-story medical building in the densely populated, master-planned retirement community of Sun City, Ariz Strategically located […]
News Release: CCG Acquires 18 Midwest SNFs
press release | 13 April, 2017 | 0 Chicago, IL- April 1, 2017- Cascade Capital Group, a healthcare real estate investment & management company announces the acquisition of eighteen Midwest skilled nursing facilities (SNF’s). The portfolio consisted of facilities located in Iowa (2), Kansas (9), Missouri (6), and Nebraska (1). Purchased from a national, publicly-traded owner/operator, the […]
News Release: Avera Health Announces Largest Building Project in Sioux Falls History
Avera Health announced it will begin construction on $174 million worth of projects. The focus includes a new health campus at 69th Street and Louise Avenue – the largest building project in Sioux Falls’ history. “This bold, transformative campus is part of a broad and unified development plan to meet the rapidly growing needs of Sioux […]
News Release: SwedishAmerican Investing $130 Million into Downtown Hospital Campus
April 11, 2017 SwedishAmerican, a division of UW Health, is expanding its excellence in health care by investing $130 Million to construct a new state-of-the art women’s and children’s tower while making significant additional renovations on its main hospital campus in downtown Rockford. The new four-story structure is expected to be open in 2020, with […]
News Release: Duff & Phelps Expands Healthcare M&A Advisory Practice with New Managing Director and Director Hire
Duff & Phelps Expands Healthcare M&A Advisory Practice with New Managing Director and Director Hire New York April 11, 2017 – Duff & Phelps, the premier global valuation and corporate finance advisor, has announced the expansion of its Healthcare M&A Advisory Practice with the addition of Managing Director Phil Smith and Director Adam Stormoen. Smith […]
News Release: Construction Begins on Oak Brook Outpatient Building
April 10, 2017 Facility will provide more convenient access to Rush care in western suburbs Rush and Midwest Orthopaedics at Rush began construction this week on a new medical professional building in Oak Brook, Illinois, that will expand access to academic health care in Chicago’s western suburbs. The anticipated opening of the building, located at 2011 York […]
News Release: Ryan Companies Completes Land Acquisition in Hendersonville, Tenn.
FOR IMMEDIATE RELEASE Acquisition paves way for new senior living community, Clarendale® at Indian Lake Naperville, Ill. (April 10, 2017)—Ryan Companies US, Inc. has acquired an 11-acre land parcel at the Southwest corner of Indian Lake Boulevard and Maple Drive in Hendersonville’s Indian Lake Center area that paves the way for the development and construction […]
Thought Leaders: 2017 Healthcare Real Estate Investor & Developer Survey Results
CBRE’s U.S. Healthcare Capital Markets Group is pleased to present the findings of our 2017 Investor & Developer Survey. In developing the survey, our main objective was to identify trends in the healthcare real estate industry and to share this information with our clients to help them better understand the state of the market. The […]
News Release: The Shores at Clearlake Breaks Ground
April 6, 2017 Greater Houston area community will set a new standard of senior housing in the area Clear Lake, TX – The Shores at Clearlake, a new assisted living and memory care community being developed in the greater Houston area, is one step closer to opening. Recently, the new development broke ground in anticipation of […]