News Release: Cornerstar Healthcare Plaza – SOLD!
April 20, 2018 Health Connect Properties (HCP) closed on the sale of Cornerstar Healthcare Plaza on Monday, April 16th. The Class A medical office building is located at 15901 East Briarwood Circle, Aurora, Colorado. HCP represented the seller, Cornerstar Healthcare Plaza, LLC. The buyer was an entity advised by Anchor Health Properties and Chestnut Real […]
News Release: Confluent Development Delivers MedExpress Project in Fort Collins
Local Developer Converts Traditional Retail Property into Urgent Care Facility DENVER – Denver-based real estate investment and development firm Confluent Development has teamed up with MedExpress, delivering an urgent care clinic in Fort Collins. Confluent Development served as the owner and developer for the adaptive reuse project, which converted a former Ruby Tuesday location into the […]
News Release: Cushman & Wakefield Announces Sale of Medical Office Condominium De-conversion
Acquired by private equity healthcare real estate investor IRA Capital Cushman & Wakefield announced today that Gino Lollio and Scott Niedergang of the firm’s Healthcare Capital Markets team have facilitated the sale of the Fletcher Drive Medical Center located 40 miles northwest of Chicago in Elgin, Illinois, to California-based private equity real estate investor IRA […]
News Release: NexCore Group Again Grows its Design & Construction, Property Management Teams
The national healthcare real estate firm’s rapid growth and expansion continues, requiring the additions of three more seasoned executives: Gina Patrick, Geoff Baldwin and Bruce Jackson Gina Patrick, Geoff Baldwin and Bruce Jackson (from left to right) are the latest additions to NexCore’s rapidly expanding Design & Construction and Property Management teams. […]
News Release: Ridgeline Capital Partners Acquires Medical Office Building in Little Rock
Ridgeline Capital Partners (“Ridgeline”), a privately-held commercial real estate investment company, recently completed the acquisition of the three-story, 43,000 square foot Chenal Medical Pavilion in Little Rock. The property was built in 2015 and is located in the Chenal Valley neighborhood at 16115 St. Vincent Way, adjacent to the Promenade at Chenal shopping center. The […]
News Release: Keith Konkoli Named Head of Outpatient Medical and Real Estate Services
4/17/2018 4:31:00 PM TOLEDO, Ohio, April 17, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced that Keith Konkoli will join the Company as Senior Vice President – Real Estate Services succeeding Mike Noto, who has announced his retirement. Konkoli will lead Welltower’s outpatient medical portfolio that is currently comprised of 17 million square feet in top markets and 95% health system affiliated. Konkoli […]
News Release: Anchor Health Properties Acquires Three Class A Medical Office Buildings with Morgan Stanley
FOR IMMEDIATE RELEASE APRIL 17, 2018 Contact: Rachael Osberger, Anchor Health Properties rosberger@anchorhealthproperties.com; 302-655-1010 ANCHOR HEALTH PROPERTIES ACQUIRES THREE CLASS A EAST COAST MEDICAL OFFICE BUILDINGS WITH MORGAN STANLEY (Charlottesville, VA) Anchor Health Properties has formed a joint venture with a Morgan Stanley Real Estate Investing advised fund for the purpose of acquiring three medical […]
News Release: Mohr Capital Sells Medical Office Building
MEDICAL OFFICE BUILDING SALE Mohr Capital, a privately held real estate investment firm headquartered in Dallas, Texas, has sold a 42,000 square foot medical office building in Little Rock, Arkansas. The property was developed by Mohr Capital and was completed in July 2015. Gary Horn, Chief Investment Officer for Mohr Capital, says “The property is anchored by CHI/St. Vincents […]
News Release: Avison Young Negotiates Sale of Four-Building 74K SF Medical Office Portfolio in Chicago Suburbs
Avison Young Negotiates Sale of Four-Building Medical Office Portfolio in Chicago Suburbs 74,422 SF Presence Cancer Center portfolio is tied to strong regional hospital systems April 17, 2018 CHICAGO, IL – Avison Young announced today that it has negotiated the sale of a four building, 74,42-square-foot medical office portfolio in Chicago’s suburban market. The JOHA […]
News Release: Montecito Continues to Expand – Hires New AVP of Investments and Underwriting
Montecito Medical Hires New AVP of Investments and Underwriting Gudnyy brings extensive experience in medical office acquisitions and development FOR IMMEDIATE RELEASE April 17, 2018 Nashville, Tenn. — Montecito Medical, the nation’s top privately held acquirer of medical real estate for the last two years, has expanded its executive team with the addition of Rus Gudnyy as […]
News Release: Opportunity to Redevelop Charity Hospital in New Orleans
LSU Real Estate and Facilities Foundation issues RFQ for adaptive reuse and revitalization opportunity of million square-foot historic site 04/16/20178 Baton Rouge, La. – LSU announced today that the LSU Real Estate and Facilities Foundation, an affiliate of the LSU Foundation, has partnered with the State of Louisiana to seek qualified developers, investors and their […]
News Release: Meridian Purchases Vacant Parcel in Modesto to Build 11,250 SF Medical Out-Patient Clinic; This transaction marks Meridian’s 10th acquisition in 24 months
This transaction marks Meridian’s 10th acquisition in 24 months. Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce the purchase of 1328 Coffee Road in Modesto, California, marking its second acquisition of 2018, and 10th acquisition in 24 months. The site consists of a vacant 39,204-square-foot parcel where Meridian will […]
News Release: Just Sold | Medical Office Building | Santa Clarita, CA
Canyon Medical Plaza 27141 Hidaway Avenue, Santa Clarita JUST SOLD PROPERTY TYPE MEDICAL OFFICE In-place CAP Rate 2.9% Sold Price $3,250,000 Total GLA 19,396 SF Canyon Medical Plaza is a medical office building totaling ±19,396 square feet, situated on two separate APN’s on approximately 1 Acre (±43,335 Square Feet) of land located in the city […]
News Release: HFF announces sale and financing of Lonza Viral Therapy Facility in Pearland, Texas
HFF announces the sale and acquisition financing of the Lonza Viral Therapy Facility, a, 276,770-square-foot biotechnology facility in Pearland, Texas. The HFF team represented the seller, Pinchal & Co, and procured the buyer, Zeller Realty Group (ZRG). Additionally, HFF worked on behalf of ZRG to secure the fixed-rate acquisition loan through Bank of Texas. Completed […]
News Release: Seniors Housing Occupancy Rate Falls to Six-Year Low of 88.3% in First Quarter
Assisted Living Occupancy Rate Slips to a New Low, While Independent Living Occupancy Rate Remains Above 90% The occupancy rate for seniors housing properties averaged 88.3% in the first quarter of 2018 down 0.5 percentage point from the prior quarter and down 0.9 percentage point from year-earlier levels. This placed occupancy 1.4 percentage points above its […]