News Release: $39M financing secured for outpatient healthcare facility in Philadelphia
JLL Capital Markets led financing efforts for 3 Crescent Drive, a Class A property anchored by Thomas Jefferson University Hospital System PHILADELPHIA – Mar. 30, 2021 – JLL Capital Markets announced today that it has arranged $39 million in financing for 3 Crescent Drive, a 95,261-square-foot, outpatient healthcare facility located within the Navy Yard Campus […]
News Release: SCL Health Heart & Vascular Institute leases full floor in Fidelis medical building in Denver
FOR IMMEDIATE RELEASE The organization will occupy 26,345 square feet on the fourth floor of the new Saint Joseph Medical Pavilion on Saint Joseph Hospital’s popular downtown campus DENVER and DALLAS, March 30, 2021 – Fidelis Strategic Healthcare Partners, Saint Joseph Hospital and its parent SCL Health announced that SCL Health Heart & Vascular Institute […]
Transactions: Harrison Street acquires campus-adjacent MOB for $53.6M
The 75,000 square foot facility is next to the Palomar Medical Center in Escondido, Calif. By John B. Mugford As we noted last week in HREI, there seems to a bit of a dearth when it comes to pricier medical office building (MOB) deals so far in 2021. However, just as we reported on March […]
News Release: $220M construction loan secured for National Real Estate Advisors to build Jefferson Health’s new ambulatory clinic
JLL Capital Markets secured construction financing for the build-to-suit in Center City, Philadelphia PHILADELPHIA – Mar. 29, 2021 – JLL Capital Markets announced today that it has arranged $220 million in construction financing for the new Jefferson Health, 452,000-square-foot, specialty care pavilion to be constructed at 1101 Chestnut St. in Center City, Philadelphia. Serving as […]
News Release: Just Closed – Oakwood Medical Park, Round Rock, TX
JLL Investment Advisory Healthcare Capital Markets Just Closed: Oakwood Medical Park Round Rock, Texas Oakwood Medical Park On-Campus Medical Office Building | 36,419 Square Feet | Round Rock, Texas The JLL Healthcare Capital Markets Group is pleased to announce the sale of Oakwood Medical Park, a three-story medical office building consisting of 36,419 rentable square […]
News Release: Newmark Announces $74.4 Million Sale of Medical Office Building in Beverly Hills, CA
FOR IMMEDIATE RELEASE Los Angeles, CA (March 25, 2021) — Newmark announces the $74.4 million sale of a five-story medical office building located at 9033 Wilshire in Beverly Hills, California. Totaling 49,721 square feet of Class A space, the property is anchored by USC’s Keck Medical Center. Newmark’s Co-Head of U.S. Capital Markets Kevin Shannon, […]
News Release: LifeStance Health Moves Headquarters to Scottsdale, AZ
For Immediate Release One of the nation’s largest providers of outpatient behavioral health care relocating office headquarters from Bellevue, WA SCOTTSDALE, Ariz., March 25, 2021 – Cushman & Wakefield announced today the firm has represented LifeStance Health in the company’s corporate headquarters relocation to Scottsdale, Arizona from Bellevue, Washington. The behavioral health care company signed […]
Cover Story: Specializing in deals with ‘hair’ on them
Woodside Health is often willing to chase MOB transactions others won’t touch – and it’s paying off By John B. Mugford It’s probably safe to say that not many investors would pursue the purchase of a medical office building (MOB) in which the seller, an individual owner, did not keep any business records at all. […]
News Release: Ryan Companies Hires Jaime Northam to Lead Healthcare Development for Western Division
FOR IMMEDIATE RELEASE PHOENIX, Ariz. (March 25, 2021) Experienced healthcare real estate developer Jaime Northam has joined Ryan Companies US, Inc. as vice president of development, healthcare. Northam began March 1 and is based in Ryan’s Phoenix office. With 20 years of experience, Northam will oversee Ryan’s healthcare strategy and growth within its Western division […]
News Release: Realty Trust Group selected to provide property management services for West Tennessee Healthcare
KNOXVILLE, TN. — Continuing an existing relationship with West Tennessee Healthcare, Realty Trust Group (RTG) has expanded its scope of services to the not-for-profit healthcare system to include property management and property accounting for its 1.2 million-square-foot real estate portfolio of nearly 100 non-hospital facilities, including medical office buildings, clinics, and administrative buildings. “We are […]
News Release: Montecito Medical Names Brandi Meeks as Vice President of Marketing
FOR IMMEDIATE RELEASE March 25, 2021 Nashville, Tenn. — Montecito Medical Real Estate, one of the nation’s top acquirers of medical office properties, has expanded its leadership team with the appointment of Brandi Meeks as Vice President of Marketing. Meeks leads branding strategy and execution for the company, including marketing related to Montecito’s medical real […]
News Release: Prism Health North Texas Establishes Major Presence on Baylor Medical Center Campus, Continuing to Care for Community
Prism Health North Texas Establishes Major Presence on Baylor Medical Center Campus with 46,000 SF in Leases Together at Last: Prism Health North Texas Administrative Offices to Relocate to Baylor University Medical Center Campus, Near the Organization’s Research Facilities, Pharmacies, & Clinics DALLAS, March 22, 2021 – Prism Health North Texas (PHNTX) has signed a 22,623-square-foot lease […]
News Release: RWJBarnabas Health & Rendina Healthcare Real Estate Break Ground on RWJBarnabas Health Family Care & Wellness at the Monmouth Mall
NEWS PROVIDED BY Rendina Healthcare Real Estate Mar 24, 2021, 13:30 ET EATONTOWN, N.J., March 24, 2021 /PRNewswire/ — RWJBarnabas Health (RWJBH) and Rendina Healthcare Real Estate are celebrating the groundbreaking of RWJBarnabas Health Family Care & Wellness at the Monmouth Mall in Eatontown, NJ. When completed, the 82,000-square-foot building will feature healthcare services offered by […]
News Release: Steward Health Care Set to Build New Hospital in St. George, Utah
Nation’s Largest Private & Physician-Led Health Care Network to Build New Facility, With Plans to Open Doors in October 2023 Hospital Will Serve Southern Utah, Offering New Care Options to One of the Fastest-Growing Patient Populations in the Southwest U.S. UTAH, March 24, 2021 – Steward Health Care, the nation’s largest private, physician-owned health care network, today […]
News Release: Mediplex Property Group Expands its Portfolio of Tenant-Partner Facilities with Delivery of Another Class-A Medical Office Building
(Horsham, PA): Mediplex Property Group (Mediplex) is pleased to announce the successful completion of the latest addition to its portfolio of healthcare-focused real estate. Mediplex Prudential Road is strategically located in Horsham, PA, home to an expanding concentration of both healthcare providers and life sciences companies. Serving Philadelphia’s northern suburbs, the property at 508 Prudential Road […]