News Release: NexCore to break ground on Women’s Care Florida women’s health center in Tampa
New three-story, 63,289 square foot WCF hub to provide high-level women’s ambulatory surgery, imaging and patient counseling services in high growth area of Tampa TAMPA, Fla., and DENVER, Oct. 18, 2016 – The Westshore District is the largest commercial market in the Tampa Bay region and the center of activity not only for the region […]
News Release: Avison Young negotiates sale of Inova Loudoun II medical office building in Leesburg, VA
Washington, DC – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today the sale of Inova Loudoun II, a 103,500-square-foot (sf) class A medical office building located on the campus of Inova Loudoun Hospital at 44035 Riverside Parkway in Leesburg, Virginia. Avison Young Principals Jim Kornick, Chip Ryan, Mike Wilson, Erik Foster […]
News Release: Just Closed – Magnolia Medical Tower
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Magnolia Medical Tower in Fort Worth, TX. Sale Date: September 21, 2016 Portfolio Size: 89,991 SF Occupancy: 72.9% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Magnolia Medical Tower (the “Property”) […]
News Release: Ridgeline sells Midtown Medical office building for $19.2 million
Ridgeline Capital Partners has sold the Midtown Medical office building, a 57,905 SF building that is 95% occupied and located at 900 Jerome Street in Fort Worth. The building was bought by a private investor for $19,200,000. The property is in the center of the medical district in close proximity to Baylor All Saints Medical […]
News Release: 378 healthcare REIT properties threatened by Hurricane Matthew
More than 10,000 REIT-owned properties lie in the wider path of Hurricane Matthew, with the bulk comprising homes owned by single-family REITs. The now-Category 3 hurricane approached Florida’s east coast early Friday morning and began moving north just offshore, with reported wind gusts around 100 miles per hour. Current projections show the storm heading up […]
News Release: Meridian Hires Senior Healthcare Real Estate Executive Indrajit Obeysekere as VP of Client Services
Meridian Hire Enhances Client Services Function of its Industry-Leading Healthcare Division SAN RAMON, CALIF. – Meridian, a full service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that senior healthcare executive Indrajit Obeysekere has been hired as vice president of client services. Obeysekere will play a […]
News Release: Seavest acquires Fair Oaks Medical Office Building I in metro D.C.’s Fairfax County
The four-story, 79,038 square foot MOB is immediately adjacent to another Seavest-owned facility on the campus of the 182-bed Inova Fair Oaks Hospital FAIRFAX, Va., and WHITE PLAINS, N.Y., Sept. 28, 2016 – Real estate investment firm Seavest Healthcare Properties LLC has acquired the Fair Oaks Medical Office Building I in Fairfax, a suburb of […]
Transactions: HTA lands California MOBs for $150 million
REIT also makes separate MOB portfolio acquisitions in Alabama, Connecticut By John B. Mugford One of the bigger deals of the third quarter (Q3) of 2016 closed in recent weeks, as Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA) pounced on the chance to acquire a four-facility, on-campus portfolio in the affluent Orange County, Calif., […]
Transactions: G-A REIT IV continues strong activity
Griffin-American acquires four Alabama MOBs for a total of $47.7 million By John B. Mugford According to the commercial real estate data firm Real Capital Analytics (RCA) Inc., Irvine, Calif.-based Griffin-American Healthcare REIT IV Inc. (G-A REIT IV) looks to have entered two separate agreements with two different sellers to acquire four medical office buildings […]
Transactions: Anchor Health Properties makes new purchases in Connecticut, Minnesota
STAMFORD, Conn. – One of the relatively new players in the MOB investment sector, Anchor Health Properties, the longtime healthcare real estate (HRE) development firm, recently acquired, in a joint venture (JV) partnership, what it calls a “Class A” MOB in Stamford, near the border with New York. The longtime development firm, which now employs […]
Transactions: Global Medical REIT keeps acquiring MOBs as it buys 11 facilities
BETHESDA, Md. – Another one of the relatively new investors in the MOB and healthcare real estate (HRE) acquisitions arena, Bethesda-based Global Medical REIT Inc. (NYSE: GMRE), made a number of purchases in buying 11 buildings in recent weeks. The publicly traded real estate investment trust (REIT) said it has entered into purchase contracts to […]
Transactions: Montecito Medical acquires on-campus MOB in Iowa, in the Quad Cities
BETTENDORF, Iowa – Nashville, Tenn.-based Montecito Medical keeps growing its portfolio. The company recently acquired the Terrace Park Professional Center in Bettendorf, part of the Quad Cities metropolitan area straddling Iowa and Illinois along the Mississippi River. According to Montecito, the three-story MOB at
Hot Property: MOB to be neighbor of the L.A. Rams
Offering in Inglewood, Calif., is just a few blocks from $7.5B multi-use project Name: Freeman Medical Arts Center Address: 301 N. Prairie Ave. City: Inglewood, Calif. Total leasable square feet: 85,314 Number of floors: 6 Number of tenants: 22 Occupancy: 40% Year built: 1979 Brokerage: CBRE Brokers: Bill Maher, Greg Stumm Sure, the six-story, 85,314 […]
Outpatient Projects: Trammell Crow looks to hot area
New MOB is planned for National Harbor mixed-use area near Washington, D.C. By John B. Mugford After hearing from a number of physician practices wanting new space in the new National Harbor mixed-use area down the Potomac River from Washington, D.C., Dallas-based Trammell Crow Company is answering the call. The company, which also has a […]
Transactions: Physicians Realty Trust acquires six-building portfolio in Florida
MAITLAND, Fla. – Fresh off making what is most likely the largest MOB portfolio acquisition from a single healthcare system in the history of the MOB sector, Milwaukee-based Physicians Realty Trust (NYSE: DOC), often referred to as DocREIT, has acquired a six-building portfolio of properties in Maitland, a suburb of Orlando. The REIT paid