Transactions: Griffin-American REIT IV acquires large, fully occupied MOB in growing Grand Junction, Colo.
GRAND JUNCTION, Colo. – In the fast-growing city of Grand Junction, Irvine, Calif.-based Griffin-American Healthcare REIT IV (G-A REIT IV), a non-traded real estate investment trust (REIT), recently acquired an 83,000 square foot MOB for $31.5 million, or $380 PSF.
Transactions: In acquiring an MOB in Oxford, Mich., Cornerstone Companies closes its second fund
OXFORD, Mich. – Indianapolis-based Cornerstone Companies Inc. recently added the final property to its Cornerstone MOB Fund II, acquiring the 19,123 square foot Crittenton Medical Plaza in Oxford, about 40 miles north of Detroit.
Transactions: Q2 MOB sales topped $3 billion
It was only one of six quarters to exceed that level since records have been kept By John B. Mugford Demand for medical office buildings (MOBs) is not showing any signs of slowing down, as professionals involved in the sector report that investors – especially private equity firms and funds – continue to raise capital […]
Transactions: Fully occupied Northside MOB II in Pell City, Ala., trades hands for $15.8 million
PELL CITY, Ala. – A 50,469 square foot MOB in Pell City recently traded for $15.8 million, or $313 PSF, according to Denver-based Fairfield Advisors, which represented the seller.
Transactions: Carter Validus Mission Critical REIT II buys fully occupied MOB near Dallas for $8.5 million
CARROLLTON, Texas – Tampa, Fla.-based Carter Validus Mission Critical REIT II recently acquired an MOB in Carrollton, 15 miles outside of Dallas, for about $8.5 million.
Hot Property: MOB in a thriving, mixed-use area
Prairie Glen Medical Office Center in Glenview, Ill., is home to large tenants Name: Prairie Glen Medical Office Center Number of buildings: 2 Square feet: 44,200 Address: 2551 and 2591 Compass Road City: Glenview, Ill. Offered cap rate: 6.5 percent Avg. remaining lease: 8.9 years Brokerage: Bull Realty Broker: Paul Zeman The Village of Glenview, […]
Transactions: Flagship REIT pays $12.4 million for 75,000 square foot MOB in Blue Ridge, Ga.
BLUE RIDGE, Ga. – Charlotte, N.C.-based Flagship Healthcare Properties has added another MOB to its new healthcare-focused, non-traded real estate investment trust (REIT).
Transactions: Freestanding emergency department in Littleton, Colo., trades for $1,213 per square foot
LITTLETON, Colo. – A 7,430 square foot freestanding emergency department (FED) facility in Littleton, about 20 miles southwest of Denver, recently traded hands for a substantial price per square (PSF) of $1,213.
Transactions: Miami-based Flagler Investment Holdings acquires MOB near hospital in Delray Beach, Fla.
DELRAY BEACH, Fla. – Miami-based Flagler Investment Holdings recently acquired the 32,520 square foot Delray Medical Office at 4675 Linton Blvd. in Delray Beach, a city along the Atlantic Ocean.
Transactions: DaVita dialysis clinic near Phoenix sells for $4.55M; Sun Commercial brokers the deal
GLENDALE, Ariz. – A 12,148 square foot DaVita dialysis clinic in Glendale, south of Phoenix, recently traded hands for $4.55 million, or $375 per square foot (PSF). The property at 20325 North 51st Ave. is fully leased to Denver-based DaVita Inc. (NYSE: DVA), which recently extended its term by 10 years.
Outpatient Projects: Rendina breaks ground for 120,000 square foot orthopedic facility in Germantown, Tenn.
GERMANTOWN, Tenn. – With its current orthopedics surgery center in the Memphis, Tenn., suburb of Germantown operating at full capacity, locally based Campbell Clinic recently broke ground with its development partner, Jupiter, Fla.-based Rendina Healthcare Real Estate, on a new facility next door.
Outpatient Projects: Rendina and Cleveland Clinic to open new $32 million health center in Coral Springs, Fla.
CORAL SPRINGS, Fla. – In more news from Rendina, the company and Cleveland, Ohio-based The Cleveland Clinic were recently preparing to open the new Coral Springs Family Health Center about 45 miles north of Miami.
Outpatient Projects: The Keith Corp. and AM King start work on 11,000 square foot surgery center in Charlotte, N.C.
CHARLOTTE, N.C. – The Keith Corp. (TKC) and AM King Group, both based in Charlotte, announced in early June that construction is underway on a single-specialty, dental-only surgery center in the University area of Charlotte.
Outpatient Projects: HTA plans $43 million project
REIT’s development unit to raze buildings, add large MOB at Cary, N.C., campus By John B. Mugford Although most of its medical office building (MOB) developments to date have been continuations of projects that it took over when it acquired the healthcare real estate (HRE) development unit of Duke Realty Corp. (NYSE: DRE), Healthcare Trust […]