News Release: Just Closed: Community Health / Kindred Rehabilitation Hospital Construction Financing
The JLL Healthcare Capital Markets Group is pleased to announce the closing of the construction/mini-perm financing of a 44-bed, full-service rehabilitation hospital for PMB in Greenwood, Indiana. Synovus Bank provided the financing for the facility. The 53,560 rentable square foot inpatient rehabilitation hospital, Community Health Network Rehabilitation Hospital South, is a joint venture between Kindred […]
News Release: Plaza Companies Breaks Ground on Estrella Medical Plaza II With Nearly Half of Class A Facility Pre-Leased
64,000-square-foot, modern medical space expected to open in December The West Valley medical office market is about to get a new star. Plaza Companies has secured two new leases totaling over 23,000 square feet for Estrella Medical Plaza II, and recently broke ground on the building on the growing Banner Estrella Medical Campus, located at […]
News Release: Mountain States Health Alliance, Wellmont Health System boards authorize final approval of merger, Ballad Health to celebrate launch Friday
Leaders named for top positions in new health system The boards of directors of Mountain States Health Alliance and Wellmont Health System have voted unanimously to approve the final terms that will govern their merger, forming a new health system to serve the 1.2 million residents of Northeast Tennessee and Southwest Virginia. The transaction creating […]
News Release: Capital One Closes More Than $1 Billion Unitranche Commitments in 2017
ULTra Program Now Open to Borrowers for Leveraged Financings across Industries Just one year after its initial launch, Capital One announced today that its unitranche loan program, ULTra, closed more than $1 billion in commitments to borrowers in the healthcare industry in 2017. The program, with HPS Investment Partners as its strategic co-investor, helps borrowers […]
News Release: Ponte Health brings Vertical Medical City to Downtown Orlando to serve the city’s elders
VERTICAL MEDICAL CITY, LLC, a new High Rise Development Project is coming to the core of Downtown Orlando. The primary focus of the Facility is to bring into the urban core the Next Level Assisted Living, Care, and Wellness for Residents and Outpatients 60 and over. Developer PONTE HEALTH PROPERTIES, LLC seeks Equity Partner for […]
News Release: RCCH Healthcare Partners and Rendina Celebrate Groundbreaking that Expands New Hospital Campus
As construction continues on the new North Alabama Medical Center (NAMC) hospital campus in Florence, RCCH Healthcare Partners and Rendina Healthcare Real Estate have broken ground on a nearly 72,000 square foot medical office building (MOB) that will be attached to the new hospital. The MOB will house complementary services to those offered in the […]
News Release: Welltower Names Joe Weisenburger Senior Vice President, Business Development
Welltower Inc. (NYSE: HCN) announced today that Joe Weisenburger has been named Senior Vice President, Business Development of Welltower. Mr. Weisenburger has been with the company since 1998 and previously served as Vice President – Business Development. “Joe’s long and successful tenure at Welltower has been defined by his deep industry relationships and specialized knowledge base in seniors housing,” said Mercedes Kerr, […]
News Release: PR: FLAGSHIP HEALTHCARE PROPERTIES NAMES GERALD QUATTLEBAUM AS SENIOR VICE PRESIDENT OF ACQUISITIONS
FLAGSHIP HEALTHCARE PROPERTIES NAMES GERALD QUATTLEBAUM AS SENIOR VICE PRESIDENT OF ACQUISITIONS Flagship Healthcare Properties, LLC is pleased to announce that Gerald E. Quattlebaum has joined the firm as Senior Vice President of Acquisitions, effective January 18, 2018. Gerald will oversee all aspects of the firm’s acquisition group including sourcing, screening, managing the analytical and […]
News Release: Just Closed :: CityPlace 5 Medical Office Building
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the CityPlace 5 Medical Office Building in Creve Coeur, Missouri. Sale Date: January 22, 2018 Sale Price: $21,825,000 Price Per SF: $265 Property Size: 82,280 SF Occupancy: 90.1% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the […]
News Release: Amazon, Berkshire Hathaway and JPMorgan Chase & Co. to partner on U.S. employee healthcare
Goal is to improve U.S. employee satisfaction while reducing overall costs January 30, 2018 07:00 AM Eastern Standard Time SEATTLE & OMAHA, Neb. & NEW YORK — (BUSINESS WIRE) — Amazon (NASDAQ: AMZN), Berkshire Hathaway (NYSE: BRK.A, BRK.B) and JPMorgan Chase & Co. (NYSE: JPM) announced today that they are partnering on ways to address […]
News Release: Inland Real Estate Acquisitions Closes Purchase of a Salt Lake City MOB
Inland Real Estate Acquisitions, LLC Closes the Purchase of a Medical Office Building in Salt Lake City Oak Brook, Ill. (January 29, 2018) – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of a 29,702-square-foot medical office building located in Salt Lake City. Matthew Tice, senior vice president of […]
News Release: 28‐Year Commercial Real Estate Veteran Matt Bear Launches Investment Services Firm Bear Real Estate Advisors
Matt Bear, a commercial real estate veteran with nearly three decades of investment services experience, today announced the launch of Bear Real Estate Advisors LLC, a boutique real estate investment services firm. The firm focuses on IRS Section 1031 exchange buyer representation, national single‐tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build‐to‐suit […]
News Release: The Neenan Company Completes Two Health Care Projects, Breaks Ground on Two
Design-build firm expands footprint along West Coast FORT COLLINS, Colo. — The Neenan Company, a fully integrated design-build firm based in Colorado, recently completed two health care projects in Washington and Oregon, while also breaking ground on two health care projects in California. The Neenan Company completed its first project with Columbia Basin Health Association (CBHA), […]
Inpatient Projects: Memphis hospital tops off $275 million tower that’s set to open in spring 2019
Construction has reached the halfway point on Methodist University Hospital’s future $275 million tower, which was given a new name during a recent “topping off” ceremony. Named after former
Industry Pulse: 2017 Mob Sales Were On a Record Pace
Transaction volume was on a pace to top 2015, JLL says The JLL Healthcare Capital Markets group says MOB sales through the end of the third quarter (Q3) of 2017 were on pace to break the annual record set in 2015.