News Release: Caddis donates money, expertise to build new community for adults with autism
Innovative prototype ‘29 Acres’ near Dallas is designed to meet local demand and offer housing and skills development to build self-esteem and independence CROSS ROADS and DALLAS, Texas, April 17, 2019 – In a continuation of its ongoing philanthropic initiatives, Caddis® announced that it is donating more than $400,000 and its real estate development expertise […]
News Release: Just Sold: Springs Professional Center
Marcus & Millichap Springs Professional Center 679 Douglas Avenue, Altamonte Springs, FL 32714 22,363 SF | 2.30 Acres Just Sold in Altamonte Springs, FL: Krone Weidler, with LJ Tsunis, are pleased to announce the successful sale of Springs Professional Center in Altamonte Springs, Florida. Transaction Summary Price: $1,774,500 Price per SqFt: $79.34 Type: Professional Office […]
News Release: Atkins Companies Inks Six Lease Renewals at Atkins Medical Plaza in West Orange, N.J.
For Immediate Release Class A Medical Office Building Continues to See High Occupancy in One of New Jersey’s Most Competitive Markets West Orange, N.J. (April 15, 2019) – Atkins Companies, a leading multigenerational commercial real estate development, investment, and property management firm, has signed six lease renewals totaling approximately 13,000 square feet at Atkins Medical […]
News Release: Just closed: HSA PrimeCare Medical Office Portfolio
JLL Healthcare Capital Markets The JLL Healthcare Capital Markets Group is pleased to announce the sale of the HSA PrimeCare Medical Office Portfolio. The multi-state portfolio consists of four outpatient facilities totaling 143,228 square feet located across desirable and growing submarkets within the Chicago and Minneapolis metropolitan areas. The institutional quality assets were 94% occupied at the time […]
Industry Pulse: Rents rising, occupancies to tighten in MOB space
Marcus & Millichap report cites a rise in med school students, drop in cap rates NATIONWIDE — The optimism concerning medical office buildings (MOBs) as a real estate product type continues to grow, with a certain number of reasons for such optimism being cited time and time again. Among them are the country’s aging demographics, […]
News Releases: Virtus Real Estate Capital, Ryan Companies Acquire Richfield Medical Office Property
APRIL 15, 2019 AUSTIN, Texas – Virtus Real Estate Capital (“Virtus”), a leading asset manager of alternative real estate property types, and its partner, Ryan Companies, today announced the acquisition of Woodlake Centre (“Woodlake”), a hybrid medical office and traditional office property in Richfield, MN. The partnership plans to focus its efforts on repositioning the […]
News Release: JLL adds industry veteran Jay Johnson to grow healthcare real estate business across US markets
Johnson will focus on partnering with local teams to deliver the full depth and breadth of JLL’s global healthcare real estate business. April 15, 2019 CHICAGO, April 15, 2019 – JLL today announced Jay Johnson has joined the firm as Managing Director, JLL Healthcare. Johnson will focus on partnering with local teams to deliver the full […]
Outpatient Projects: Seavest’s risk pays off in San Fran
HRE investor receives go ahead to convert building to medical in a tight market Embarking on any type of commercial real estate (CRE) project in San Francisco can be a difficult task fraught with risk, be it for a new ground-up development or the repurposing of an existing building to a new use. Gaining the […]
News Release: CBRE Completes Sale of $90 Million Medical Buildings Portfolio Across Four States
Atlanta – CBRE announced today the closing of 23 medical buildings through three separate transactions totaling approximately $90 million. The deals, sold to separate buyers over the last week, totaled over 300,000 square feet across four states. Properties include the Greenleaf Center Medical Portfolio in the Chicago Metropolitan Area, the Dermatology Solutions Group Portfolio in […]
News Release: CIT Arranges $14.8 Million Financing for Acquisition of Dallas Medical Office Building
NEW YORK, April 12, 2019 /PRNewswire/ — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit arranged $14.8 million in financing for the acquisition of Greenville Medical Tower in Dallas, Texas. The financing was arranged on behalf of a joint venture managed by Catalyst Healthcare Real Estate and Bain Capital Real […]
News Release: Carter Validus Mission Critical REIT, Inc. to Merge with Carter Validus Mission Critical REIT II, Inc.
TAMPA, FL – Carter Validus Mission Critical REIT, Inc. (“CVMC REIT I”) and Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”), both registered, non-traded real estate investment trusts focused on investing in income producing commercial real estate, announced today that the companies have entered into a definitive agreement to merge in a stock […]
News Release: Harrison Street and HealthAmerica Welcome Piedmont Internal Medicine to Newly-Renovated Northwest Medical Center in Atlanta
Private internal medicine practice to occupy 16,000-square-foot, custom-built space in premier, multi-tenant medical office building ATLANTA – April 11, 2019 – Harrison Street, one of the largest real estate investment firms dedicated to the Education, Healthcare and Storage sectors, and HealthAmerica Realty Group (“HealthAmerica”), an Atlanta-based health care real estate firm with more than 25 years […]
News Release: Meridian Repositions and Recapitalizes Historic Medical Office Building in Phoenix
PHOENIX – Meridian, a full-service commercial real estate developer and owner of medical real estate, is pleased to announce that it has completed the renovation and repositioning of Grunow Memorial Medical Center, a landmark 53,000-square-foot, two-story, medical office building located at 926 East McDowell Road in Phoenix, Arizona. Once the repositioning was completed, Meridian formed […]
News Release: Anchor Health Properties Appoints Vice President, Asset Management to Lead Nationwide Investment Operations
(Charlottesville, VA) Anchor Health Properties (Anchor), a national, full-service healthcare real estate development, management and investment company focused solely on medical facilities, is pleased to announce that healthcare and commercial real estate veteran Jay Buckley has joined the firm as Vice President, Asset Management. Mr. Buckley will be based in the firm’s Nashville, Tennessee office. […]
News Release: Marvin Crossing Medical Office Building Sold
April 10, 2019 | Press Release Charlotte, NC (April, 2019) – MPV Properties (MPV) is pleased to announce the sale of 16817 Marvin Road, Charlotte, North Carolina. This single-tenant 29,070 square foot medical office building is home to Tryon Medical Partners’ Ballantyne location. Eighteen doctors will practice at this well-located office that sits at the signalized intersection of Ardrey Kell […]