News Release: HFF closes $17 million sale of Philadelphia medical office portfolio anchored by Thomas Jefferson University Hospital
PHILADELPHIA, PA – February 21, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $17 million sale of two medical office buildings totaling 86,000 square feet and anchored by Thomas Jefferson University Hospital (Moody’s, A2) in Philadelphia, Pennsylvania. HFF marketed the properties on behalf of an affiliate of George Comfort […]
News Release: Steward Health Care to Acquire Eight Hospitals from Community Health Systems
NEWS PROVIDED BY Steward Health Care System Feb 16, 2017, 16:15 ET BOSTON, Feb. 16, 2017 /PRNewswire/ — Steward Health Care System (“Steward”) today announced it has signed an Asset Purchase Agreement to acquire eight community hospitals affiliated with Community Health Systems (“CHS”). The transaction is expected to close in the second quarter of 2017, subject […]
News Release: Community Health Systems Announces Definitive Agreement to Divest Eight Hospitals – Three in Florida, Three in Ohio and Two in Pennsylvania
FRANKLIN, Tenn.–(BUSINESS WIRE)–Feb. 16, 2017– Community Health Systems, Inc. (NYSE:CYH) announced today that subsidiaries of the Company have signed a definitive agreement to sell eight hospitals and their associated assets to subsidiaries of Steward Health Care LLC. Facilities included in the transaction are 119-bed Wuesthoff Health System-Melbourne in Melbourne, Fla.; 298-bed Wuesthoff Health System-Rockledge in […]
News Release: Medical Office Sales at Near Record in 2016
JLL research reports that medical office sales in 2016 were $7.64 billion, the second highest year on record, following the breakout year of 2015 with $9.03 billion in sale volume. Sales Highlights Key Points: Sales of medical office buildings and outpatient care facilities exceeded all prior years except for 2015, providing solid support to the […]
News Release: Lankenau Medical Center planning to enhance and expand emergency department
LANKENAU MEDICAL CENTER FEBRUARY 16, 2017 NEWS RELEASES The $52.8 million dollar expansion project is expected to be complete in early 2019 Lankenau Medical Center, part of Main Line Health, received approval from the Main Line Health Board of Governors to move forward with an Emergency Department Expansion Project. Originally built to handle 35,000 visits per year, […]
News Release: UCHealth’s new outpatient health center to provide primary care, specialty care and a surgery center for Denver, Cherry Creek residents
Five-story building with four-level underground parking garage at 100 Cook Street brings access to advanced care and clinical trials close to home Aurora, Colo. (February 16, 2017) – Patients throughout Cherry Creek and metro Denver will soon have access to additional health care options, close to home, at UCHealth’s new health center at the intersection of […]
Thought Leaders: Marcus & Millichap Medical Office Research National Report “2017 Outlook”
Generational Differences Driving Growth, Advancement in Today’s Medical Office Market Generational cohorts create diverging trends in healthcare. The aging U.S. population, combined with emerging differences in the way generations process healthcare information, have been signifi cant drivers in the nation’s healthcare industry. As the 65-and-older age segment increases by 20 million individuals over the next 10 years, demand for healthcare services […]
News Release: SSM Health Names Laura Kaiser as Next President and CEO
February 14, 2017 05:00 PM Eastern Standard Time ST. LOUIS–(BUSINESS WIRE)–Following a nationwide search, the SSM Health Board of Directors has selected Laura Kaiser as the health system’s new President/Chief Executive Officer. Kaiser will begin with SSM Health on May 1 and replace William P. Thompson, who will retire at the end of April after […]
News Release: Children’s Healthcare of Atlanta Breaks New Ground to Meet Growing Demand for Care
Campus at North Druid Hills and I-85 to Include New Hospital ATLANTA (Feb. 9, 2017) – Children’s Healthcare of Atlanta announced today major developments in its strategy for expanding to serve more children. The not-for-profit organization’s plans include a new pediatric hospital at its campus at North Druid Hills Road. “As the only freestanding pediatric healthcare system […]
News Release: Trigild Closes $35.5 Million Dollar Receivership Sale of Encino Office Building
Press Release (ePRNews.com) – SAN DIEGO – Feb 07, 2017 – Trigild, a San Diego-based real estate firm specializing in property/asset management and fiduciary services, has announced the $35.5 million receivership sale of the Encino Corporate Plaza. Located at 16661 Ventura Boulevard in Encino, Calif., the nine-story, 126,275-square-foot office complex was sold to an undisclosed […]
News Release: Just Sold: Key-Whitman Eye Center
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Key-Whitman Eye Center in Dallas, Texas. Sale Date: January 30, 2017 Building Size: 35,709 SF Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Key-Whitman Eye Center (the “Property”) in Dallas, Texas. Lee Asher and Chris Bodnar of […]
News Release: MedEquities Realty Trust Makes $12.5 Million Investment In Acute Care Surgical Hospital In Houston
NEWS PROVIDED BY MedEquities Realty Trust, Inc. Feb 07, 2017, 06:30 ET NASHVILLE, Tenn., Feb. 7, 2017 /PRNewswire/ — MedEquities Realty Trust, Inc. (NYSE: MRT) announced it has made a $12.5 million investment in an acute care surgical hospital in Houston, Texas. The investment is in the form of a newly originated interest-only loan with […]
News Release: Just Sold: Foster City Medical Pavilion
Just Closed: Foster City Medical Pavilion The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Foster City Medical Pavilion (the “Property”) in Foster City, California. Chris Bodnar and Lee Asher of the CBRE U.S. Healthcare Capital Markets Group partnered with Seth McKinnon and Scott Prosser in the Northern California market to act […]
Thought Leaders: Colliers International Releases 2017 Health Care Marketplace Report
Despite Record Occupancy, Areas of Uncertainty Remain for Health Care Overall, 2016 was a year of expansion for health care real estate in the United States. The national vacancy rate for medical office buildings (MOB) hit an all-time low. Net absorption of MOB space was the highest since 2008 while average rents grew. Investment activity—while down slightly from 2015—remained strong […]
News Release: Healthcare Building Solutions Adds Two Senior Executives to Management Staff
Key Hires Will Augment Project Management Resources to Meet Growth Demands Langhorne, PA – Healthcare Building Solutions (HBS) is pleased to announce that Earle Robert (Dusty) Bray, Jr. and Stephen J. Mooney, MS, PMP have joined the firm to bolster HBS’ growing portfolio of regional and national accounts. Recognized leaders in managing the design and […]