News Release: Cornerstone Companies Inc. MOB Fund II Spends $22.6 Million To Acquire Three Medical Office Buildings
FOR IMMEDIATE RELEASE INDIANAPOLIS, IN (May 30, 2017) – Cornerstone Companies, Inc. recently announced the acquisition of three health care real estate properties totaling 82,000 square feet in Indiana, Kentucky, and Colorado with an aggregate purchase price of $22.6 million. The properties were acquired by Cornerstone MOB Fund II, a private equity fund focused solely […]
News Release: Houston: IPA Brokers $58M Medical Office Portfolio Sale
FOR IMMEDIATE RELEASE Institutional Property Advisors Brokers $58 Million Sale Of Medical Office Portfolio Near Houston HOUSTON, June 6, 2017 – Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, announced the $58 million sale of a portfolio of fully leased medical office properties outside […]
News Release: Kaiser Permanente Opens New Chino Grand Medical Offices
Press Release 50,000-square foot space will change the way health care is delivered June 6, 2017 Kaiser Permanente representatives cut the ribbon for the the New Chino Grand Medical Offices. CHINO, Calif. — The new Kaiser Permanente Chino Grand Medical Offices opened to members today. The 50,000-square foot, three-story medical office building changes the way health care […]
News Release: Viva MedSuites Opening A New Type of Medical Office Space in Scottsdale, Arizona
Viva MedSuites to open Arizona’s first co-working office space for medical and wellness practitioners. SCOTTSDALE (PRWEB) JUNE 01, 2017 Viva MedSuites announced today that it is opening a new type of medical office space in Scottsdale in June, 2017. Viva MedSuites has taken the popular co-working concept for regular office space and applied it to medical office space. […]
News Release: LCS Community, Windsor at Celebration, Launches Preleasing
May 31, 2017 CELEBRATION, Fla. – Windsor at Celebration, the new upscale senior living rental community by developer/owner Big Rock Partners in Disney-originated master-planned Celebration, is launching preleasing of its 239 independent living, assisted living and memory care residences on June 1. Set on a high-profile site just south of Walt Disney World along I-4 – […]
News Release: Cypress West Adds Bakersfield MOB to Healthcare Portfolio
Cypress West Partners Acquires Riverwalk Medical Plaza Rancho Santa Margarita, CA (May 31, 2017) – Cypress West Partners announced that it has acquired Riverwalk Medical Plaza, a 54,923-square-foot campus-adjacent medical office building located at 9450-9500 Stockdale Hwy. in Bakersfield. The Southern California-based healthcare investment, leasing and property management firm acquired the property in a joint […]
News Release: The Neenan Company, Gerding Builders break ground on Samaritan Pacific Communities
Community Approval of $57 Million Bond Supports Updated Critical Access Hospital FORT COLLINS, Colo. — The Neenan Company, a fully integrated design-build firm based in Colorado, and Gerding Builders have broken ground on the redevelopment of a 126,000-square-foot critical access hospital for Samaritan Pacific Communities Hospital (SPCH) in Newport, Ore. The Neenan Company serves […]
News Release: Spectrum Health Opens Newest Integrated Care Campus
SPECTRUM HEALTH MEDICAL GROUP GRAND RAPIDS, Mich., May 26, 2017 – Spectrum Health will celebrate the opening of its newest integrated care campus next week. The newly-renovated facility is located at 426 Michigan Street NE in Grand Rapids. A ribbon-cutting event will be held at 3:30 p.m. on Tuesday, May 30. Several Spectrum Health representatives […]
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.