Companies & People: More Healthcare Real Estate Company & People News
Brandon Muzik recently joined Chicago-based Stage Equity Partners LLC, an HRE investment company, as director of acquisitions. According to Stage Equity principals Brian Howard and Russell Brenner, Mr. Muzik’s primary responsibilities include sourcing, underwriting and closing company transactions. Before joining the firm, Mr. Muzik was senior acquisitions analyst at Chicago-based Ventas Inc. (NYSE: VTR), where […]
Companies & People: McCarthy completes $456M project
Seven-story, 383,000 s.f. Prebys Cardiovascular Institute added to Scripps campus By Erin E. Porter McCarthy Building Companies Inc., which is based in St. Louis and has several offices in California, recently announced the completion of construction on the Prebys Cardiovascular Institute, a 383,000 square foot, seven-story heart hospital on the campus of Scripps Memorial Hospital […]
Companies & People: USAA teams with Brackett Flagship
Regional healthcare real estate partnership seen as first step in national roll-out By Murray W. Wolf San Antonio-based USAA Real Estate Co. and Brackett Flagship Properties LLC of Charlotte, N.C., have formed a healthcare real estate (HRE) joint venture (JV) focused on the Southeastern region of the United States. For USAA, the partnership is the start of […]
Companies & People: Marcus & Millichap brokers $14.8 million sale of single-tenant MOB in Fort Myers, Fla.
FORT MYERS, Fla. – Marcus & Millichap (NYSE: MMI) announced March 25 that it has arranged the sale of the 39,281 square foot Orthopedic Medical Center in Fort Myers for $14.8 million, or about $377 PSF. The buyer is New York-based Rose Hill Fort Myers LLC and the seller was The Macsydney Co. LLC. CNL […]
Companies & People: Investment bank Brown Gibbons Lang & Co. expands its healthcare group
ATLANTA – Brown Gibbons Lang Real Estate Partners (BGLRP), a division of Brown Gibbons Lang & Co. (BGL), announced March 25 that it has added two senior associates to its National Healthcare Real Estate Group. The new additions, based in Atlanta, are Andrew R. Larwood and Allen C. Inman. BGL is a middle market investment […]
Companies & People: Investment bank Brown Gibbons Lang & Co. expands its healthcare group
ATLANTA – Brown Gibbons Lang Real Estate Partners (BGLRP), a division of Brown Gibbons Lang & Co. (BGL), announced March 25 that it has added two senior associates to its National Healthcare Real Estate Group. The new additions, based in Atlanta, are Andrew R. Larwood and Allen C. Inman.
Companies & People: Marcus & Millichap brokers $14.8 million sale of single-tenant MOB in Fort Myers, Fla.
FORT MYERS, Fla. – Marcus & Millichap (NYSE: MMI) announced March 25 that it has arranged the sale of the 39,281 square foot Orthopedic Medical Center in Fort Myers for $14.8 million, or about $377 PSF. The buyer is New York-based Rose Hill Fort Myers LLC and the seller was The Macsydney Co. LLC. CNL […]
Companies & People: HRE data firm Revista adds new partners and advisory board members
ANNAPOLIS, Md. – Annapolis-based HRE data provider Revista announced March 25 that it has added five advisory board members and two partners. The new board members are Mark Burkemper, David Elkins, Erik Gainor, Courtney Hanfland and Robert A. Milligan. The new partners are real estate advisory firms Harrison Street Real Estate Capital and Zeustra Real […]
Companies & People: Cornerstone wins contract to manage, lease large portfolio in Ohio, Indiana
INDIANAPOLIS – Indianapolis-based Cornerstone Companies Inc. recently landed a contract to provide property management and leasing services for a 676,473 square foot portfolio of MOBs in Ohio and Indiana. The new owner of the buildings is New York-based NorthStar Realty Finance Corp. (NYSE: NRF), which gained ownership of the facilities through its recent $4 billion […]
Companies & People: Growing company is focused on ERs
Medical Properties Trust is part of Adeptus Health’s plan for national expansion By John B. Mugford Even as the traditional acute care hospital loses some of its luster and importance in the country’s healthcare delivery care model, the emergency room (ER), be it on a hospital campus or in a freestanding location, is likely to […]
Companies & People: Five questions for: Malcolm S. Sina
Two years after leaving Lend Lease, he is back at developing healthcare facilities By John B. Mugford When Malcolm S. Sina first started developing medical office buildings (MOBs) in the mid-1990s, most health systems were accustomed to, and comfortable with, developing their own MOBs with their own capital.
Companies & People: HRE Capital was advisor on the sale of ASCs in Houston and St. Joseph, Mo.
HOUSTON and ST. JOSEPH, Mo. – Healthcare Real Estate Capital (HRE Capital), a national advisory firm focused on the HRE sector, acted as the financial advisory firm to a group of physicians who recently sold standalone ambulatory surgery centers (ASCs) in Houston and St. Joseph.
Companies & People: More Healthcare Real Estate Company & People News
CNL Financial Group recently hired Scott McCorvie as VP of acquisitions. Mr. McCorvie has extensive experience working with senior housing and HRE and will continue to focus on those sectors. Prior to joining Orlando, Fla.-based CNL, Mr. McCorvie was the manager of investments at Sentio Investments LLC, also of Orlando, where he served as an […]
Companies & People: Cain advises system on monetization
Investment bank handles sale and partial leaseback for Good Shepherd in Texas By Erin E. Porter Hospital-driven monetizations have been few and far between in recent years. But at least one recent transaction shows that the strategy of selling and leasing back non-core assets is still a viable option for some providers. New York-based Cain […]
Companies & People: No HRE slowdown yet, says attorney
HREI™ recently caught up with a very busy Steven Kaye of Arnall Golden Gregory By Erin E. Porter Whenever big deals, or small ones for that matter, take place in any industry, including healthcare real estate (HRE), there’s a period of time before the closing can take place for the dotting of the “I’s” and […]