News Release: HFF closes sale of best-in-class medical office facility near Dallas’ Medical City Dallas Hospital
SAN DIEGO, CA – December 8, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Coit Medical Center, a 32,201-square-foot medical office building in Dallas, Texas. HFF marketed the property on behalf of the seller, Mohr Capital, LLC, and procured the buyer, Anchor Health Properties. Completed in 2009, […]
News Release: Integrated care pavilion opens at Stamford Health, expands access to specialized services
STAMFORD, Conn. (Dec. 8, 2016) – Stamford Health announced the first of several Stamford Health Medical Group practices to open in the new Stamford Integrated Care Pavilion (ICP), located at 29 Hospital Plaza on the Stamford Health main campus. The first practices available for patients are the Stamford Health Medical Group (SHMG) Electrophysiology, Cardiology, and Thoracic […]
News Release: HREI Insights Awards™ winners announced
Healthcare Real Estate Insights™ magazine presents this year’s awards in the only comprehensive national program recognizing excellence in healthcare real estate MINNEAPOLIS, Dec. 8, 2016 – Healthcare Real Estate Insights™ magazine has announced the Winners of the 2016 HREI Insights Awards™, the only national awards totally dedicated to recognizing excellence in the areas of healthcare […]
News Release: Award-winning Northside-Cherokee MOB expansion will add more healthcare service
Developer Duke Realty will combine new and existing space to create a multi-disciplinary surgery center in the 100,797-square-foot medical office building it delivered in June 2013 WOODSTOCK, Ga., and INDIANAPOLIS, Dec. 7, 2016– The 100,797-square-foot Northside-Cherokee Towne Lake Medical Office Building (MOB) near Atlanta, which opened in the summer of 2013, has seen its share […]
News Release: Just Sold – UCLA-MPTF Toluca Lake Health Center
CBRE ANNOUNCES SALE OF ONE OF THE LARGEST SINGLE-TENANT MEDICAL BUILDING IN BURBANK, CA Los Angeles – Dec. 7, 2016 – CBRE Group, Inc. announced the sale of one of the largest off-campus single-tenant medical buildings in Burbank, California to Worchell Hollywood Properties for approximately $14.3 million. CBRE’s Bryan Lewitt, Chris Isola, Chris Bodnar and […]
News Release: Capital One Closes $21.2 Million Loan to Finance Texas Medical Office Building
FOR IMMEDIATE RELEASE Bethesda, Md. (December 6, 2016) – Capital One announced today that it provided a $21.2 million first mortgage to a joint venture formed by Harrison Street Real Estate Partners and Pisula Development Company. The funds were used to purchase Imperial Medical Center, a 128,000-square-foot medical office building in Sugar Land, Texas, a suburb […]
News Release: SMH Moves Forward with Plans for New Laurel Road Hospital
Friday, December 02, 2016 SARASOTA, Fla. (Dec. 2, 2016) – Sarasota Memorial is moving ahead with plans to establish a new 110-bed hospital on Laurel Road in south Sarasota County. Florida’s Agency for Health Care Administration approved the health system’s Certificate of Need (CON) application today. “We look forward to moving ahead with our plans […]
News Release: JUST SOLD – Beaumont Medical Center – Rochester Hills, Michigan
Chicago, Illinois, November 28th, 2016 – Brown Gibbons Lang | Real Estate Partners (“BGLREP”), a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the sale of Beaumont Medical Center – Rochester Hills, located in Rochester Hills, Michigan. Christopher Stai and Clinton Parker, Managing Directors of BGLREP’s National Healthcare Real Estate Practice, […]
News Release: JUST SOLD – Two MOBs totaling 57,000 square feet, located in Pennsylvania
Chicago, Illinois, November 28th, 2016 – Brown Gibbons Lang | Real Estate Partners (“BGLREP”), a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the sale of two (2) medical office buildings, totaling 57,000 square feet, located in Wyomissing, Pennsylvania and Pottsville, Pennsylvania. Christopher Stai and Clinton Parker, Managing Directors of BGLREP’s […]
Cover Story: Still bullish on MOBs
Capital markets experts see long-term success for sector By John B. Mugford By the end of a fast-paced, upbeat and information-laden panel discussion about the medical office building (MOB) sector, moderator Jeffrey S. Langbaum, a senior real estate investment trust (REIT) analyst with Bloomberg Intelligence, had to make sure things didn’t end on too positive […]
Feature Story: Consumers are in the driver’s seat
What are the implications for healthcare and the healthcare real estate sector? By Murray W. Wolf There has been a lot of talk in recent years about how patients and their families are becoming more sophisticated consumers of healthcare services, and how providers need to adapt a more “consumer-driven” approach to care. But what exactly […]
Transactions: MOB sales declined a bit during Q3
Quarter sees lowest sales volume in nine quarters, but market remains strong By John B. Mugford For the first time in nine quarters, medical office building (MOB) sales failed to top $2 billion, even though the third quarter (Q3) 2016 was still quite strong from a historical perspective. With sales for Q3 totaling $1.7 billion, […]
Transactions: MBRE makes big buy from Welltower
Firm acquired seven MOBs for $80.3 million in one of Q3’s largest transactions By Murray W. Wolf In a major Q3 deal that only recently came to light, Chicago-based MB Real Estate (MBRE) acquired a seven-building, 365,986 square foot medical office building (MOB) portfolio from Welltower Inc. (NYSE: HCN) for a total of $80.3 million. […]
Transactions: Starwood set to acquire record-setting MOB portfolio
Newcomer to MOB space to pay $837.9 million for 38 buildings from NorthStar By John B. Mugford The medical office building (MOB) sector is about as hot as it can get, as myriad investors of varying sizes and capital sources are clamoring to enter the space. One such investor that appears to have found an […]
Transactions: Hammes Partners lands MOB in Twin Cities suburb for $15.3 million, or $216 PSF
ROSEVILLE, Minn. – Milwaukee-based Hammes Partners, an investment affiliate of the Hammes Company, recently acquired the Twin Lakes Health building at 1835 County Road C W. in Roseville, a Twin Cities suburb, from Minneapolis-based Ryan Cos. Hammes, whose Hammes Partners II LP fund is closed to investors after raising $430 million of capital commitments, paid $15.3 […]