News Release: Glenview Three-Building Medical Complex Sold by Bull Realty
FOR IMMEDIATE RELEASE NEWS RELEASE Date: March 25, 2019 Glenview, Illinois—Prairie Glen Medical Office Center in Glenview is centrally located to large Chicago-based hospitals and healthcare systems and is known to attract sizeable private practices and health system tenants. The 74,200 SF, three-building complex has been sold as of January 25, 2019 for $21,100,000. The seller was […]
News Release: Bull Realty is leading the commercial market with the most recent sale of two medical office buildings
FOR IMMEDIATE RELEASE NEWS RELEASE Date: March 25, 2019 ROCK HILL, SOUTH CAROLINA—Bull Realty managed the recent sale of two medical office buildings occupied by Atrium Health / Carolinas Healthcare System adjacent to the Piedmont Medical Center Campus. The properties have been sold at a total price of $11,875,000. Both buildings were acquired by Montecito Medical. Two […]
Feature Story: Combatting the likes of CVS, Walmart
At InterFace West, executives talk about adapting to a changing landscape LOS ANGELES – Competition from the likes of Amazon, CVS and Walmart. The continued consolidation of health systems and physician practices. Increased competition from other, often growing, health systems invading new turf. The need to get out into the community to provide services in […]
News Release: CBRE appointed by Providence St. Joseph Health to provide property management services across its medical offices
CBRE APPOINTED BY PROVIDENCE ST. JOSEPH HEALTH TO PROVIDE PROPERTY MANAGEMENT SERVICES ACROSS ITS MEDICAL OFFICES Providence St. Joseph Health (PSJH), one of the nation’s largest health systems, has appointed CBRE to provide property management and portfolio services for 14-million-square-feet of their medical office portfolio. PSJH is a not-for-profit, Catholic health system that employs more […]
Transactions: $1.2 billion deal kicks off 2019’s MOB sales
Here are a few more details about Welltower’s pending acquisition from CNL By John B. Mugford After a big finish to 2018, Welltower Inc. (NYSE: WELL) is kicking off 2019 with one of the biggest arm’s length medical office building (MOB) transactions ever recorded. The Toledo, Ohio-based healthcare real estate investment trust (REIT), which made […]
Transactions: Anchor is off to a fast start in 2019
Firm teamed with JV partner Carlyle to acquire three MOBs in two markets By John B. Mugford Anchor Health Properties, which had a big year for acquisitions in 2018, is off to a fast start in 2019. The Charlottesville, Va..-based healthcare real estate (HRE) investor, developer and manager acquired a total of three medical office […]
Post-Acute & Senior Living: Caddis announces three new Heartis projects
Company has projects planned for Atlanta, Milwaukee and Philadelphia markets DALLAS – Dallas-based healthcare real estate (HRE) development firm Caddis continues to expand its senior housing portfolio, periodically adding new developments in new markets for the company. The company, which develops senior housing facilities through its Heartis brand, in recent weeks announced three new projects […]
News Release: Seniors Housing Occupancy Rate During Fourth Quarter Again Stable at 88%
Fourth Quarter Registers the Highest Increase in Occupied Seniors Housing Units Since NIC Began to Report the Data in 2006 FOR IMMEDIATE RELEASE: January 10, 2019 ANNAPOLIS, Md. – The occupancy rate for seniors housing across the United States was steady in the fourth quarter of 2018, according to new data from the National Investment Center for Seniors […]
News Release: Anchor Health Properties Expands Greater Atlanta Area Footprint with Two Building Portfolio Investment
FOR IMMEDIATE RELEASE March 25, 2019 (Wilmington, DE) Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, recently completed the acquisition of two medical office buildings in suburban Atlanta, Georgia. Totaling over 45,000 square feet, 721 Wellness Way in Gwinnett, Georgia and 710 Newnan […]
News Release: HRE Capital is please to announce the closing of the following transaction – Physicians Realty Trust
Transaction Overview Healthcare Real Estate Capital (“HRE Capital”) was selected as the exclusive financial advisor to Physicians Realty Trust (“DOC” or “Company”) related to the disposition of a 17-building, 462,714-square foot medical office portfolio (“Portfolio”) located across seven states (Florida, Georgia, Illinois, Indiana, North Carolina, Tennessee and Texas). The 96 percent occupied Portfolio included both […]
News Release: H2C Advises Mercy Iowa City on $41.8 Million Refinancing, Sale of Medical Office Portfolio
Hammond Hanlon Camp LLC Advises Mercy Iowa City on $41.8 Million Refinancing, Sale of Medical Office Portfolio Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, through its wholly-owned subsidiary H2C Securities Inc. (“H2C”), served as the exclusive financial advisor to Mercy Iowa City (“Mercy”) on a year-long, multiphase process to […]
News Release: Newmark Knight Frank Partners with Providence St. Joseph Health to Provide Asset Optimization Strategy for its Non-Acute and Non-Core Assets
Looking to optimize its operational efficiency and unlock capital, Providence St Joseph Health has partnered with Newmark Knight Frank (NKF) to sell a selection of non-essential real estate assets located across Alaska, Washington, Oregon, Montana and California. The portfolio of properties comprises medical office, industrial, office assets and vacant land. “Revenue diversification is a key […]
News Release: DZMI taps Transwestern to lease 105,000 SF medical office building
DZmI taps Transwestern to lease 105,000 sf Corpus Christi Medical Tower Transwestern Commercial Services (TCS) today announces it has been retained by David Z. Mafrige Interests (DZMI) to provide leasing services for Corpus Christi Medical Tower, consisting of approximately 105,000 square feet of medical office space at 1521 S. Staples St. in Corpus Christi, Texas. […]
News Release: HFF closes sale of Lakeshore Medical Center in Chicago
CHICAGO, IL – March 20, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Lakeshore Medical Center, a 135,093-square-foot medical office building (MOB) located on Lake Shore Drive in Chicago, Illinois. HFF marketed the Class A MOB on behalf of the seller, a partnership between CarVal Investors and Zeller Realty Group, and procured […]
News Release: Cadence Capital Partners opens new office in the Minneapolis-St. Paul area
Growing equity and debt intermediary with offices in Denver and Chicago opens a third regional office to focus on connecting capital providers to capital users in the Twin Cities area and throughout the Midwest DENVER, CHICAGO and MINNEAPOLIS, March 20, 2019 – Cadence, a growing capital markets intermediary with a primary focus on raising equity […]