Development: MOB development fell again in 2024
Revista outpatient report also lists last year’s most active developers in 2024 By John B. Mugford The pace of medical outpatient building (MOB) development declined for the fourth straight year in 2024, reflecting persistent challenges in the sector. That’s according to the newly released Revista 2025 Outpatient Real Estate Development Report, which summarizes 2024 data. […]
News Release: NAI Hiffman Represents Hanger Clinic in 19,000-Square-Foot, Full-Building Lease in Schaumburg, Ill.
Former retail store transformed into center for orthotic and prosthetic care SCHAUMBURG, Ill. (April 15, 2025) — NAI Hiffman, the Midwest’s leading independent commercial real estate firm, today announced it represented Hanger Clinic in a 19,000-square-foot, full-building lease for its new Integrated Care Center (ICC) at 640 E. Golf Road in Schaumburg, Ill. The former […]
News Release: Burke Rehabilitation® Opens New Outpatient Therapy Site in Scarsdale
Leading rehabilitation provider opens state-of-the-art facility to serve more tri-state area patients Scarsdale, NY (April 14, 2025): Burke Rehabilitation® announced today the opening of its newest outpatient facility, located in Scarsdale, New York. The state-of-the-art facility is a key initiative of the organization’s multi-year plan to expand its nationally recognized, comprehensive physical rehabilitation care to […]
News Release: MUSC Board of Trustees approves planning and construction of new comprehensive cancer hospital, medical office building in Charleston
Services provided will include expanded clinics and an outpatient surgery center CHARLESTON, S.C. (April 11, 2025) – The Medical University of South Carolina (MUSC) Board of Trustees today approved a resolution to initiate the planning and construction of a state-of-the-art comprehensive cancer hospital in Charleston, marking a bold and visionary step in advancing cancer care, […]
News Release: CPF Healthcare Real Estate Acquires 80,000 Square Foot, Class A Medical Outpatient Building for $22.75 Million via Off-Market Transaction
(Dearborn, MI) Completing its seventh medical outpatient building acquisition since raising a new real estate fund, Chicago Pacific Founders Healthcare Real Estate (CPF HCRE), a leading healthcare property investor, closed on a fully-leased, multi-story, 80,000 square foot Class A medical outpatient building in Dearborn, Michigan within the Detroit MSA. The asset was acquired for $22.75 […]
News Release: CBRE Facilitates Sale of Class A, Fully Leased Calhoun Health Center with Investment Grade Tenancy
Milwaukee – March 28, 2025 – CBRE advised on the sale of Calhoun Health Center, a 23,805-square-foot Class A medical outpatient building (MOB) located at 1905 N. Calhoun Road, Brookfield, Wisconsin to Chicago-based Remedy Medical Properties in a joint venture with Kayne Anderson Real Estate. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, […]
News Release: Comprehensive Keck Medicine of USC medical office building coming soon to Pasadena
Keck Medicine’s largest and most advanced outpatient setting brings Keck Medicine clinical expertise and world-class services to the greater Pasadena community in fall 2025 LOS ANGELES — Keck Medicine of USC will open a four-story, 100,000 square-foot, state-of-the-art medical office building located at 590 S. Fair Oaks Ave. in Pasadena in fall 2025. As the […]
News Release: Reiffman Group Expands Healthcare Portfolio with Sale-Leaseback and Redevelopment of Radiology Facility
Reiffman Group Expands Healthcare Portfolio with Sale-Leaseback and Redevelopment of Radiology Facility Firm Advances $100 Million Healthcare Real Estate Initiative Across New York Metro Area Huntington, NY – 4/6/2025 – Reiffman Group announced today the completion of a strategic sale-leaseback transaction and the commencement of redevelopment at 99 Smithtown Bypass, Hauppauge, NY. The 20,000-square-foot property, […]
News Release: Flagship Healthcare Properties Acquires East Ridge Physicians Building in Chattanooga, Tennessee
CHATTANOOGA, Tenn. — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, is pleased to announce the acquisition of a Class A, 100% leased medical outpatient building (MOB) in Chattanooga, Tennessee. The 27,657-square-foot property, located at 929 Spring Creek Road near the I-24 and I-75 interchange, sits adjacent to the 128-bed HCA Parkridge East Hospital. […]
News Release: White-Spunner Breaks Ground on Infirmary Health’s Surgery Center
White-Spunner Construction is proud to announce the groundbreaking of a new 95,000-square-foot Medical Office Building and Ambulatory Surgery Center in Malbis, Alabama, for the Infirmary Health System. Our successful pursuit of this project, amidst three strong competitors, highlights White-Spunner Construction’s trusted reputation and proven expertise in the healthcare market sector. The state-of-the-art, two-story facility will […]
News Release: UCLA Health signs 22,224 SF lease renewal in Santa Monica, California
JLL represents landlord in transaction at medical office building LOS ANGELES, April 4, 2025 – Confirming demand for well-located medical office properties in the Los Angeles area, JLL announced today that it has signed UCLA Health to a 22,224-square-foot lease renewal at a three-story 54,930 -square-foot medical office building located at 2825 Santa Monica Boulevard […]
News Release: First Citizens Bank Provides $53.5 Million in Refinancing to Birmingham, AL Medical Office Facility with Rethink Healthcare Real Estate
NEW YORK, N.Y. — April 1, 2025 — First Citizens Bank today announced that its Healthcare Finance business provided $53.5 million in financing to an affiliate of Rethink Healthcare Real Estate to refinance Grandview Physicians Plaza II in Birmingham, AL. Newly constructed in 2022, Grandview Plaza II covers over 140,000 square feet and is located […]
News Release: JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility
CHICAGO, April 3, 2025 /PRNewswire/ — JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today the acquisition of Naperville Medical Center, a high quality, newly converted single story medical outpatient building in the Chicago suburb of Naperville, […]
News Release: HealthPartners opens new specialty center in Woodbury
WOODBURY, Minn. (April 2025) – HealthPartners Specialty Center Woodbury is now open. Kraus-Anderson (KA) provided construction management for the nearly 56,000-square-foot facility located off Interstate 94 and Radio Drive. KA’s history with HealthPartners dates back to 1974. The multilevel specialty center was designed with patients in mind and offers 13 medical specialties, including allergy and […]
News Release: Novant Health breaks ground on Bluffton emergency department and medical office building
April 2, 2025 (Bluffton, S.C.) – Novant Health has officially broken ground on Novant Health Bluffton Emergency Department and Novant Health Bluffton Health Place, a new healthcare hub designed to expand access to high-quality medical care in the growing Bluffton community. Conveniently located off Buckwalter Parkway, the new facilities will provide residents with critical emergency […]