News Release: Capital One Closes $162.5 Senior Secured Credit Facility for Palm Garden Healthcare
Bethesda, Md. (October 24, 2016) – Capital One announced today that it served as sole lead arranger and administrative agent for a $162.5 million senior secured credit facility consisting of a real estate term loan, a capex line of credit and an asset-based revolver. Palm Garden Healthcare, the borrower, owns 14 skilled nursing facilities and an […]
News Release: Marcus & Millichap sells San Fernando Valley office and medical campus for $32 million
TARZANA, Calif., Oct. 20, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Tarzana Professional Center, an office and medical campus consisting of approximately 160,345 rentable square feet in Tarzana, California. The $32 million sales price […]
News Release: Just Closed – 1720 El Camino Real
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of 1720 El Camino Real in Burlingame, California. Sale Date: October 5, 2016 Sale Price: $28,500,000 Price Per SF: $312 Building Size: 91,396 SF Occupancy: 91% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of […]
News Release: Just Closed – Peter Jefferson Place Medical Center
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Peter Jefferson Place Medical Center in Charlottesville, Virginia. Sale Date: September 22, 2016 Building Size: 73,997 SF Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Peter Jefferson Place Medical Center (the “Property”) in Charlottesville, […]
News Release: Just closed – Doctors Community Hospital Professional Office Building
The transaction involved the investment sale of Doctors Professional Building located on the Doctors Community Hospital campus in Washington, D.C. The JLL Healthcare Capital Markets Group is pleased to announce the sale of Doctors Professional Building, a 100% leased, 64,261 square-foot, Class A medical office building located on the campus of Doctors Community Hospital in […]
News Release: NexCore to break ground on Women’s Care Florida women’s health center in Tampa
New three-story, 63,289 square foot WCF hub to provide high-level women’s ambulatory surgery, imaging and patient counseling services in high growth area of Tampa TAMPA, Fla., and DENVER, Oct. 18, 2016 – The Westshore District is the largest commercial market in the Tampa Bay region and the center of activity not only for the region […]
News Release: Avison Young negotiates sale of Inova Loudoun II medical office building in Leesburg, VA
Washington, DC – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today the sale of Inova Loudoun II, a 103,500-square-foot (sf) class A medical office building located on the campus of Inova Loudoun Hospital at 44035 Riverside Parkway in Leesburg, Virginia. Avison Young Principals Jim Kornick, Chip Ryan, Mike Wilson, Erik Foster […]
News Release: Just Closed – Magnolia Medical Tower
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Magnolia Medical Tower in Fort Worth, TX. Sale Date: September 21, 2016 Portfolio Size: 89,991 SF Occupancy: 72.9% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Magnolia Medical Tower (the “Property”) […]
News Release: Ridgeline sells Midtown Medical office building for $19.2 million
Ridgeline Capital Partners has sold the Midtown Medical office building, a 57,905 SF building that is 95% occupied and located at 900 Jerome Street in Fort Worth. The building was bought by a private investor for $19,200,000. The property is in the center of the medical district in close proximity to Baylor All Saints Medical […]
News Release: Meridian Hires Senior Healthcare Real Estate Executive Indrajit Obeysekere as VP of Client Services
Meridian Hire Enhances Client Services Function of its Industry-Leading Healthcare Division SAN RAMON, CALIF. – Meridian, a full service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that senior healthcare executive Indrajit Obeysekere has been hired as vice president of client services. Obeysekere will play a […]
Companies & People: 5 Questions for Mindy Berman
Managing director with JLL’s healthcare group talks about the firm, the market By John B. Mugford When a new investment banking group with a big name behind it entered the medial office building (MOB) sales sector in 2010, it was basically a one-person shop with an analyst for support. Fast forward six years later, and […]
Companies & People: Colorado ski town gets a new MOB
NexCore Group was persistent in its quest to find a site, complete building By John B. Mugford The city of Avon, Colo., has about 7,000 residents and is in the heart of the Colorado Rockies, about 15 miles from Vail. These days, town officials and the mayor are praising the efforts of a national healthcare […]
Companies & People: New buyer finding MOBs
Everest made three purchases in its first few months By John B. Mugford The list of investors entering the medical office building (MOB) space keeps growing. One of the new players is New York-based Everest Medical Core Properties, which says it is focusing on acquiring MOBs, wellness centers and outpatient clinics. So far, the company […]
News Release: Caddis setting a new standard with fifth Dallas/Fort Worth community
The national healthcare real estate firm is building an amenity-filled independent living, memory care and assisted living residence in Bedford FORT WORTH and DALLAS, Texas, Sept. 21, 2016 – About a month after the grand opening of Heartis® Arlington, three months after opening its popular Heartis Eagle Mountain community and a year after the grand […]
News Release: UCF Selects Hospital Corporation of America as Partner to Build Teaching Hospital
LAKE NONA, Fla., Sept. 13, 2016 – The University of Central Florida today selected Hospital Corporation of America, the nation’s largest hospital company, as its partner to build a proposed teaching hospital next door to the College of Medicine in Lake Nona. The new teaching hospital would be located adjacent to the College of Medicine […]