News Release: U of L Tops Out New Pediatric Medical Office Building
Published on May 26, 2017 The first new health care delivery facility to be constructed in the Louisville Medical Center in nearly a decade reached its full height today. The University of Louisville celebrated the topping off the Pediatrics Medical Office Building with the ceremonial placement of the final, signed beam. The 171,000 sq. ft. […]
Transactions: Government REIT enters VA arena
Easterly REIT to spend $260M on federal outpatient centers in California, Indiana By John B. Mugford With a long-term lease backed by a government agency, a built-in patient base of military veterans and brand new construction, the Dept. of Veterans Affairs (VA) ambulatory care center in Loma Linda, Calif., was sure to attract investors – […]
Transactions: Inland Real Estate Group has acquired four MOBs so far in 2017
OAK BROOK, Ill. – Oak Brook-based Inland Real Estate Group has made four MOB acquisitions with a total of about 119,000 square feet since the start of 2017, according to the company.
Inpatient Projects: Kaiser Permanente opens its first new hospital in San Diego in 40 years
SAN DIEGO – Oakland, Calif.-based Kaiser Permanente recently opened its newest hospital, the $850 million, 617,215 square foot San Diego Medical Center in the Kearny Mesa area of the city.
Transactions: MOB sales drop a bit in Q1 2017
First quarter’s volume was $1.82 billion, according to Real Capital Analytics By John B. Mugford The incredible run that medical office building (MOB) sales have been on in recent years is due to come to an end, or at least come to a slowdown, at some point, according to conventional wisdom as well as a […]
Hot Property: Rehab facility offers room for growth
Florida asset is leased by a growing provider and has land for future expansion Name: NeuLife Rehabilitation Address: 2725 Robie Ave. City, State: Mount Dora, Fla. Seller: NeuLife Neurological Services LLC Year opened: 2013 Size: 54 suites, 64,224 square feet Lot size: 43 acres Brokerage: Brown Gibbons Lang & Co. Brokers: Christopher Stai, Clinton Parker […]
Transaction: Montecito buys medical facility in Del Webb community in Sun City for $9.3 million
SUN CITY, Ariz. – Nashville, Tenn.-based Montecito Medical Real Estate recently expanded its national portfolio by acquiring a 35,420 square foot MOB in the densely populated, master-planned retirement community of Sun City, Ariz.
Transactions: Stage Equity Partners lands multi-tenant MOB from physician owners for $14.5 million
BLOOMINGTON, Ill. – Chicago-based Stage Equity Partners LLC, which focuses on HRE investments, has acquired The Center for Outpatient Medicine (TCOM), a 45,150 square foot multi-specialty outpatient surgical center in Bloomington, Ill.
Transactions: Carter Validus Mission Critical REIT II buys MOBs in separate deals in Illinois, Texas
TAMPA, Fla. – Tampa-based Carter Validus Mission Critical REIT II (C-V REIT II), which acquires healthcare and data center properties, recently made two medical purchases.
Transactions: Encino, Calif., asset fetches $35.5 million; HFF brokers sale of ‘value-add’ MOB
ENCINO, Calif. – Holliday Fenoglio Fowler LP (HFF) announced April 6 that it was the seller’s exclusive agent for the $35.5 million sale of the nine-story, 128,243 square foot Encino Corporate Plaza on 1.18 acres at 16661 Ventura Blvd. in Encino, outside of Los Angeles.
Transactions: Local New York firm acquires fully occupied MOB on Long Island for $14.7 million
NORTH HILLS, N.Y. – New York-based CHC Management Group recently acquired a 24,690 square foot MOB in North Hills, in Nassau County on Long Island, for $14.7 million, or $593 PSF.
Outpatient Projects: Big mixed-use project adds ASC
Aurora Health Care to occupy 130,000 square foot facility in Greenfield, Wis. By John B. Mugford Among the future tenants garnering headlines at the emerging 84South commercial and residential development underway just off U.S. Interstate 41 in Greenfield, Wis., a Milwaukee suburb, is Portillo’s, a famous Chicago-based restaurant chain featuring Italian beef sandwiches, Chicago-style hotdogs, […]
Outpatient Projects: Rush University to bring more outpatient services to suburbs in $65 million facility
OAK BROOK, Ill. – Seeing a need to bring more services closer to its large patient base in the suburbs, Rush University Medical Center of Chicago recently broke ground on a $65 million, 100,000 square foot outpatient facility in Oak Brook.
Outpatient Projects: Avera Health plans large, ‘consumer-friendly’ campus in Sioux Falls, S.D.
SIOUX FALLS, S.D. – Avera Health, which has 300 locations in South Dakota, has big plans for a new outpatient health campus.
Outpatient Projects: MedCore Partners, Spine Team Texas break ground for on-campus MOB in Dallas suburb
ALLEN, Texas – In order to bring outpatient spine care and other services to its campus in growing Allen, a north Dallas suburb, Texas Health Presbyterian Hospital Allen (THA), part of Arlington-based Texas Health Resources (THR), along with healthcare real estate firm MedCore Partners, recently broke ground on a 48,000 square foot MOB.