News Release: NexCore Group helps expand health care in Tucson with new facility at Northwest Medical Center Houghton
45,250 square-foot on-campus medical office building now open in connection with NMC DENVER, Sept. 28, 2022 /PRNewswire/ — NexCore Group has completed the construction of a new medical office building (MOB) on the 52-bed Northwest Medical Center (NMC) Houghton hospital campus. Located at 2300 S. Houghton Road in Tucson, Ariz., this building serves as a […]
News Release: Resiliency and innovation fueling life sciences growth
Despite short-term challenges, the industry is set for long-term gains, and a new cluster model offers directional guidance for markets to focus investment efforts CHICAGO, Sept. 28, 2022 – The last few years catapulted the life sciences industry to record levels of demand. Though the sector isn’t immune to short-term, macroeconomic challenges, science doesn’t stop, […]
News Release: Phoenix medical office building acquired for $14.85M
JLL Capital Markets led financing efforts for the fully leased Simon Medical Plaza PHOENIX – September 27, 2022 – JLL Capital Markets announced today that it has sourced acquisition financing of $7.58 million for Simon Medical Plaza, a fully leased medical office building in Phoenix, Arizona. JLL worked on behalf of the borrower, a joint […]
News Release: CBRE Investment Management Fund Acquires 662,607-Square-Foot, Class A Life Sciences Campus in Raleigh-Durham’s Research Triangle
RALEIGH-DURHAM, NC, Sept. 27, 2022 — CBRE Investment Management, on behalf of a separate account client, has acquired Park Point, a 662,607-square-foot life sciences campus in Raleigh-Durham’s Research Triangle. Located at 4001 NC Highway 54, Durham, North Carolina, the Class A property is aligned with the firm’s commitment to investing in life sciences assets as the […]
News Release: Abrazo continues Buckeye Campus development planning
BUCKEYE, Ariz., Sept. 27, 2022 – Abrazo Health continues development planning for its new Buckeye campus, releasing a conceptual rendering of a 65,000 sq. ft. medical office building. Construction on the site is expected to begin in the coming months. Abrazo Health acquired 27 acres for its Buckeye medical campus near the southwest corner of […]
News Release: CBRE Investment Management Closes $45 Million Mortgage Loan for Medical Office Property Outside Denver
DENVER, Sept. 22, 2022 — A fund sponsored by CBRE Investment Management closed on a $45.2 million mortgage loan for the refinancing of the Synergy Medical Center. The floating-rate loan has an initial term of three years and can extend for up to two years. Synergy Medical Center is a newly constructed, Class A, 104,000-square-foot medical […]
News Release: Portneuf Health Opens Doors in Northgate
POCATELLO, Sept. 27, 2022 —The Portneuf Health Medical Office Building, the first healthcare building in the Portneuf Medical Plaza, opened its doors on Thursday night for a Pocatello Chubbuck Chamber of Commerce Business After Hours. The Portneuf Primary Care and Portneuf WorkMed teams along with on-site lab and imaging services, will welcome their first patients […]
News Release: CIT Arranges $58.9 Million Financing for Micro-Hospital Portfolio
NEW YORK, Sept. 27, 2022 /PRNewswire/ — CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as lead arranger of $58.9 million in financing for the acquisition of a portfolio of six micro-hospitals. The buyer is a joint venture directed by an affiliate of Rethink Healthcare Real Estate, formerly […]
Feature Story: COVID? It might be the least of their worries
Colliers provider panel discusses $150 per hour nurses and other challenges By John B. Mugford As Bradley Case, president of Minneapolis-based the Good Clinic, a startup focused on primary care services, noted during last week’s Colliers National Healthcare Conference in Denver: “I think the panic phase of the COVID-19 pandemic is over, as we can […]
Transactions: Investor buys into Anchor’s operating platform
A ‘large international pension fund’ acquires a share of the firm; JLL helps facilitate By John B. Mugford One of the healthcare real estate (HRE) sector’s most prolific private development, management and acquisition firms has sold a share of ownership in its operating platform. In what is being described as a “win-win” transaction for the […]
News Release: New 45,000 SF Medical Office Building Takes Shape at Mercy Medical Commons
NEWS PROVIDED BY PMB Sep 27, 2022, 07:58 ET New Construction of Gilbert, AZ medical facility will host much-needed graduate medical education program in the East Valley. GILBERT, Ariz., Sept. 27, 2022 /PRNewswire/ — The first frame panels for the third Mercy Gilbert Medical Office Building have been lifted into place, keeping the project on schedule […]
News Release: StepStone Real Estate to Make a Significant Investment in Anchor Health Properties
September 26, 2022 (Charlottesville, VA & Media, PA) StepStone Real Estate (“SRE”), the real estate arm of private markets investment firm StepStone Group Inc. (NASDAQ: STEP), has made a significant strategic equity investment in Anchor Health Properties (“Anchor”), a best-in-class owner, manager, and developer of healthcare real estate across the United States. The investment was […]
News Release: Montecito Medical Acquires Portfolio of Orthopedic Properties in Southeast Pennsylvania
EAST NORRITON and POTTSVILLE, Pa., Sept. 26, 2022 — Montecito Medical has completed the acquisition of two orthopedic medical office properties in East Norriton and Pottsville, PA. The buildings are fully occupied under long-term lease by Premier Orthopaedics. The newly constructed East Norriton property opened earlier this year. With over 35 locations in the Greater Philadelphia […]
News Release: Medical office plaza near Palm Beach, FL trades
JLL Capital Markets closed the sale of the two-building Woolbright Medical Plaza in Boynton Beach, FL MIAMI, September 26, 2022 – JLL Capital Markets announced today that it has closed the sale of Woolbright Medical Plaza, two institutional-grade medical office buildings totaling 33,154 square feet in Boynton Beach, Florida. JLL represented the seller, TopMed Realty, […]
Cover Story: Rethink: Investing with an impact
The rebranded Seavest seeks to make a difference in healthcare and beyond By John B. Mugford When White Plains, N.Y.-based Seavest Inc., as it was called at the time, started strategically investing in the development of medical office buildings (MOBs) in the mid- to late 1990s, it was well ahead of its time – an […]