Thought Leaders: CBRE Winter 2018 National Healthcare Real Estate Investor Update
Included in this edition: As Interest Rates Creep, Door Opens for Institutional Medical Investors • U.S. Medical Office Building Construction Trends • Notable Healthcare Real Estate Transactions from Last Quarter • National Medical Office Cap Rate Trends • National Medical Office Sales Volume • Debt Market Update for Medical Properties As Interest Rates Creep, Door […]
News Release: Cypress West Partners continues to grow its portfolio adding a 100 percent occupied 32,471 SF medical office property in Temecula.
Cypress West Partners Acquires Redhawk Medical Plaza Cypress West Partners has announced the acquisition of Redhawk Medical Plaza, a 32,471-square-foot two-story medical office property located at 44274 George Cushman Court in Temecula, CA. Cypress West Partners, a Southern California-based healthcare investment, leasing and property management firm, acquired the high-profile medical office building in a joint […]
News Release: Ventas Names Peter J. Bulgarelli EVP Office and President & CEO Lillibridge Healthcare Services
Proven Executive Brings More Than 30 Years’ Experience to the Role Strong Track Record of Success across Real Estate, Healthcare, Life Sciences and Higher Education Ventas, Inc. (NYSE: VTR) has named Peter J. Bulgarelli Executive Vice President of Office and President and Chief Executive Officer of Lillibridge Healthcare Services, Inc. (“LHS”) to lead its integrated 25 […]
Industry Pulse: New HRE Report Says Uncertainty Remains
But fundamentals still strong, Cushman & Wakefield says: The past six months “have brought dramatic changes to both healthcare regulations and policy-making, all of which port end significant challenges for healthcare providers and their real estate partners in the coming months.”
Outpatient Projects: A new MOB for a growing campus
Plaza Companies breaks ground in Phoenix for another MOB on Banner campus By John B. Mugford When Peoria, Ariz.-based Plaza Companies landed two new leases totaling 23,000 square feet of space in late 2017, the company moved forward with construction on a second medical office building (MOB) on the campus of Banner Estrella Medical […]
Industry Pulse: Who was America’s Top MOB Developer last year?
Surprise! It was Kaiser Permanente with 15 new MOBs for a total of 682 such facilities This month’s cover story, “Largest outpatient developers revealed,” on Page 23 reports on which third-party healthcare real estate (HRE) firms started or completed the most outpatient HRE projects last year.
Transactions: Caddis acquires MOBs in Texas and Georgia for its newly closed investment fund
Dallas-based Caddis recently acquired three MOBs with more than 120,000 square feet of space, adding them to its first investment
Companies & People: Linda Shoemaker Haskins leads Meridian’s Northern California asset management team
San Ramon-based Meridian, which develops and owns medical and general office real estate, recently hired Linda Shoemaker Haskins as VP, asset management. Previously a senior property manager for
Outpatient Projects: Neenan Company completes two healthcare projects, breaks ground on two others
In late 2017, Fort Collins-based The Neenan Company completed two healthcare facilities in Washington and Oregon while breaking ground on new facilities in California. The California projects are: a
Companies & People: Commercial real estate veteran Matt Bear launches his own boutique firm
Matt Bear, a commercial real estate veteran with nearly three decades of experience, recently launched his own nationally focused boutique real estate investment services firm. Bear Real Estate
Hot Property: A rare Bay Area MOB offering
Physicians Medical Center in Daly City is in an ‘extremely tight’ med office market Name: Physicians Medical Center Address: 901 Campus Drive City: Daly City, Calif. Square feet: 75,559 Stories: three In-place NOI: $1.54 million Year built: 1989 Occupancy: 92 percent Site size: 2.48 acres Brokerage: HFF Brokers: Evan Kovac, Andrew Milne and David Dokko […]
Transactions: Harrison Street pays $141.9 million for 327,160 square foot MOB in Durham, N.C.
Chicago-based Harrison Street Real Estate in recent weeks acquired the 327,160 square foot Hock Plaza I in Durham for $141.9 million, according to a transaction listing posted by Real Capital Analytics
Post-Acute & Senior Living: Senior Housing Properties Trust selling four communities for a gain of $308 million
Newton-based Senior Housing Properties Trust (Nasdaq: SNH) expects to report a gain of about $308 million on the sale of four senior living communities it has owned since 1994. The unnamed
Post-Acute & Senior Living: JLL healthcare group closes on financing for PMB’s rehab hospital in Indiana
The Healthcare Capital Markets Group with Jones Lang LaSalle (NYSE: JLL) recently closed on the construction/mini-perm financing of a 44-bed inpatient rehabilitation hospital in
REIT Report: HCP Inc. closes 2017 on a big note
The REIT made most of its purchases, including an MOB portfolio, during Q4 By John B. Mugford It’s long been said that commercial real estate sales pick up during the fourth quarter (Q4), as buyers and sellers alike strive to get as many transactions on the books as possible before the end of the year.