News Release: Duke Realty, JV partners break ground on emergency medical center in Grand Prairie
This will be the seventh Baylor Scott & White-Emerus emergency medical center developed by Duke Realty in Texas to provide more convenient medical services in local neighborhoods GRAND PRAIRIE, Texas, and INDIANAPOLIS, March 15, 2017 – Outpatient emergency medical centers, which offer high quality healthcare services and accessible, convenient neighborhood locations, are becoming more prevalent […]
Thought Leaders: HH2C Q4 MOB Report: Large Portfolio Activity Drives 2016 Transaction Volume
Hammond Hanlon Camp LLC Fourth Quarter Medical Office Building Report: Large Portfolio Activity Drives 2016 Transaction Volume posted on March 14, 2017 NEW YORK — Investor appetite remained strong for medical office buildings in 2016 with a total of $8.5 billion in reported transaction volume. It was a year marked by large portfolio sales, fueled by institutional capital. […]
News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building in Battle Creek, MI
NEWS PROVIDED BY American Healthcare Investors, LLC Mar 13, 2017, 16:30 ET BATTLE CREEK, Mich., March 13, 2017 /PRNewswire/ — American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired Battle Creek Medical Office Building, an approximately 46,000-square-foot property located on 7.34 acres […]
Industry Pulse: Duke Realty CEO declines to comment on rumors of potential MOB portfolio sale
Since we learned March 2 about rumors that Duke Realty Corp. (NYSE: DRE) might be exploring the sale of some or all of its 86-asset medical office building (MOB) portfolio, we at Healthcare Real Estate Insights have been trying to determine the veracity of the story. So far, our efforts to obtain any comment from Duke Realty have […]
Industry Pulse: $3 billion MOB portfolio sale on the horizon?
For an update version of this story, please see: Industry Pulse: Duke Realty CEO declines to comment on rumors of potential MOB portfolio sale Unconfirmed news report about a possible sale by Duke Realty was a hot topic at March 8 HRE conference in Los Angeles By John B. Mugford At the InterFace Healthcare Real Estate […]
News Release: HFF Sold: Gresham Station Medical Plaza In Portland, Oregon
Announcing the closing of Gresham Station Medical Plaza, Portland, Ore. Adventist Health-anchored value-add medical office building in the bustling Portland MSA Closed: February 2017 Sale Price: $23.5 million Size: 100,419 square feet Major Tenants: Adventist Health, Providence Health &Services, DaVita Broker: HFF Healthcare Capital Markets
News Release: A New Breed of Senior Living Community Is Coming to Pooler
POOLER, GEORGIA. March 6, 2017 Shepherd Health and Cobalt Seniors announce Shepherd Living at Savannah Quarters, an upscale 124-resident community offering spa-like living on roughly 10 acres in Pooler, Georgia. The joint venture has purchased the property from Southwest Quadrant Development and is developing the community with United Community Bank, architectural firm Erdman, and contractor […]
Transactions: MOB sales strong in Q4 2016
Bolstered by a big portfolio sale, quarter’s MOB volume hit $3.33 billion By John B. Mugford Commercial real estate brokers are known to say that sales of medical office buildings (MOBs), as well as other types of commercial real estate, typically pick up in the final quarter of most years. That was certainly the case […]
Transactions: Welcome back, TopMed team
Former ProMed Properties executives make first acquisition as new company By John B. Mugford For a time, between 2006 to 2012, New York-based ProMed Properties was a significant owner of medical office and healthcare properties up and down the East Coast. During that half dozen years or so, ProMed, a subsidiary of Tel Aviv, Israel-based […]
Transactions: LaSalle acquires 150,000 s.f. MOB
Price was $81.8 million for repurposed former retail store in Cherry Hill, N.J. By John B. Mugford When Bethesda, Md.-based Finmarc Management Inc. acquired a vacant Syms department store building on an 11-acre in a heavily trafficked area of Cherry Hill, N.J., for $4.75 million in 2013, it had a number of options for transforming […]
Transactions: LaSalle acquires 150,000 s.f. MOB
Price was $81.8 million for repurposed former retail store in Cherry Hill, N.J. By John B. Mugford When Bethesda, Md.-based Finmarc Management Inc. acquired a vacant Syms department store building on an 11-acre in a heavily trafficked area of Cherry Hill, N.J., for $4.75 million in 2013, it had a number of options for transforming […]
Hot Property: Miami MOB is in high barrier market
Mercy Medical Arts Building, completed in late 2016, is a value-add offering Name: Mercy Medical Arts Building Address: 3683 S. Miami Ave. Location: Miami Year built: 2016 Square feet: 115,920 Occupancy: Vacant Stories: 5 Seller: Undisclosed Brokerage: JLL Brokers: Steve Leathers, Mindy Berman, Daniel Turley and Brian Bacharach The campus of the 488-bed Mercy Hospital […]
Transactions: Flagship Healthcare Properties buys MOB for $13.9M in Rome, Ga.
ROME, Ga. – Charlotte, N.C.-based Flagship Healthcare Properties recently acquired a fully occupied MOB in Rome, a city of about 40,000 residents at the foot of the Appalachian Mountains some 60 miles northwest of Atlanta.
Transactions: Welcome back, TopMed team
Former ProMed Properties executives make first acquisition as new company By John B. Mugford For a time, between 2006 to 2012, New York-based ProMed Properties was a significant owner of medical office and healthcare properties up and down the East Coast.
Transactions: Physicians Realty Trust makes a number of buys in late 2016, early 2017
MILWAUKEE – Milwaukee-based Physicians Realty Trust (NYSE: DOC) made big headlines in mid-2016, closing on the largest health system monetization, or sale, of an MOB portfolio ever recorded.