News Release: Just Sold – Indian River Medical Office & Apartments
Marcus & Millichap Recently Closed Indian River Medical Office & Apartments 1485 37th Street, Vero Beach, FL 32960 23,580 SF | 1.25 Acres Just Sold in Vero Beach, FL: L.J. Tsunis & Jason Hague, along with their teams, are pleased to announce the successful sale of Indian River Medical Office & Apartments in Vero Beach, […]
Feature Story: Urgent care opportunities abound
R.E. strategies for such facilities is no longer an ‘affluent suburban’ or ‘Sunbelt’ play By John B. Mugford Although some suburban markets nationwide have reached a saturation point when it comes to the number of urgent care centers (UCCs), changes in healthcare and payment systems are creating more and more opportunities in new areas throughout […]
News Release: Bear Real Estate Advisors Represents Eye Surgery Associates in Sale of South Carolina Medical Office Building for $7.35 Million
NEWS PROVIDED BY Bear Real Estate Advisors Jun 25, 2019, 11:13 ET FLORENCE, S.C., June 25, 2019 /PRNewswire/ — Bear Real Estate Advisors announced today that the national real estate investment services firm represented Dr. Sam Seltzer of Eye Surgery Associates in the sale of a nearly 20,000-square-foot medical office building in Florence, South Carolina. The property was purchased by Block Funds […]
News Release: Just Closed – Scottsdale Medical Office Portfolio
CBRE Capital Markets | Healthcare JUST CLOSED SCOTTSDALE MEDICAL OFFICE PORTFOLIO Scottsdale, Arizona Sale Date : 6/24/2019 Portfolio Size: 140,448 SF Occupancy: 90% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Scottsdale Medical Office Portfolio (the “Portfolio” or “Properties”), located in Scottsdale, Arizona. Chris Bodnar, Lee Asher, Shane Seitz, Ryan Lindsley and Sabrina Solomiany […]
Cover Story: Montecito keeps finding MOBs to its liking
From calendars and posters to condo conversions to healthcare real estate, the entrepreneurial Conk clan continues to find success By John B. Mugford The four-year span from 2015-18 can generally be described as a Golden Age for medical office building (MOB) sales, as the product type became a mainstream real estate investment and saw annual […]
Transactions: MOB sales rebound in Q2 to $3.06 billion
That total came after a slow Q1, when sales totaled $1.5 billion By John B. Mugford Prior to the start of 2019, a number of professionals involved in the medical office building (MOB) sector predicted that sales of the facility type would once again, for the fifth year in a row, be right around — […]
Feature Story: Kaiser Permanente’s retail strategy
America’s largest MOB owner explains what it looks for in a retail location By John B. Mugford Plenty of health systems and physician practices these days are setting up shop in retrofitted spaces in retail centers, including large shopping malls. But how does this get done, what malls make the best locations for such spaces, […]
Transactions: HTA enters Chicago market
REIT pays $40 million for 8 floors of tower across from Northwestern Memorial By John B. Mugford Aside from Welltower Inc.’s (NYSE: WELL) $1.25 billion purchase of 55 medical office buildings (MOBs) from CNL Healthcare Properties on May 15, there has been a bit of a dearth of large healthcare real estate (HRE) deals in […]
News Release: Adena Health System $83,270,000 Financing (Series 2019)
Cain Brothers is pleased to announce Adena Health System $83,270,000 Financing (Series 2019) June 25, 2019 Cain Brothers served as the Sole Manager in the public issuance of $83,270,000 of fixed rate revenue bonds on behalf of Adena Health System (“Adena”). Adena is a not-for-profit, three-hospital system headquartered in Chillicothe, Ohio. The System includes a […]
News Release: Capital Square 1031 Takes Medical Office Building DST Full Cycle, Resulting in Nearly 190 Percent Return on Equity in Five Years*
Sale marks the sixth DST offering Capital Square has taken full cycle in 12 months NEW YORK (June 25, 2019) – Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust (DST) offerings, announced today the sale of an approximately 18,000-square-foot medical office building in the New York hamlet […]
News Release: Just Closed – Towne Lake Overlook
JUST CLOSED TOWNE LAKE OVERLOOK Woodstock, Georgia Sale Date: 6/18/2019 Property Size: 52,297 SF Occupancy: 85% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of Towne Lake Overlook (the “Property”), located in Woodstock, Georgia. Lee Asher, Chris Bodnar, Shane Seitz, Sabrina Solomiany and Ryan Lindsley acted as the seller’s exclusive advisors. The […]
News Release: 3367 S. Mercy Road, Gilbert, AZ – Just Sold
JLL Sold! Spectrum Medical Commons 3367 South Mercy Road Gilbert, AZ 85297 $17,750,000 43,354 square feet $409.42/SF Buyer: Hammes Partners Seller: Irgens Brian Ackerman | +1 602 282 6247 | brian.ackerman@jll.com
News Release: Just Closed – Pasadena Retail & Medical Center | Sold All Cash Above List Price
Just Closed Multi-Tenant Medical/Retail Investment 777 S. Arroyo Pkwy Pasadena, CA Closing Highlights PURCHASE PRICE: $5,175,000 OM DOWNLOADS: 150+ TOTAL GLA: 8,050 SF TRAFFIC COUNTS: 40,000 CPD All Cash International Buyer Sold Over $450K Above List Price Procured 15 Offers First Two Weeks of Marketing – Competitive Bidding Process Excellent Freeway Adjacent Location, Located Along Historic Route 66 National […]
News Release: Just Closed – Center for Minimally Invasive Surgery
JUST CLOSED CENTER FOR MINIMALLY INVASIVE SURGERY Mokena, Illinois Sale Date: 6/13/2019 Property Size: 28,834 SF Sale Price: $19.25M Price Per SF: $685 % Leased: 100% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Center for Minimally Invasive Surgery (the “Property”), located in Mokena, Illinois, an affluent village located approximately 30 miles […]
News Release: Bristol Health and Rendina Celebrate Grand Opening of Downtown Medical Care Center
FOR IMMEDIATE RELEASE BRISTOL, Conn., June 19, 2019 – City officials, staff from Bristol Health and representatives from Rendina Healthcare Real Estate gathered to celebrate the grand opening of Bristol Health’s new Medical Care Center (MCC), a 62,000-square-foot healthcare facility that will expand critical health services for the Bristol community. As a pioneer project in […]