News Release: Skanska USA Signs Contract to Build New Hospital in New Jersey
New five story hospital building for Inspira Health Network underscores increasing demand for innovative construction methods in healthcare delivery Philadelphia, PA – Skanska USA has signed a contract with Inspira Health Network to build a new hospital building in Mullica Hill, New Jersey. This is the second major hospital contract Skanska USA has announced in […]
News Release: Investors Real Estate Trust Announces Planned Dispositions of Senior Housing Properties for $236.0 Million
Expected Closings in Calendar 2017 Would Complete Exit from Senior Housing Portfolio- MINOT, N.D., Aug. 31, 2016 /PRNewswire/ — Investors Real Estate Trust (NYSE: IRET) (NYSE: IRETPR) (NYSE: IRETPRB) (the “Company”), a real estate investment trust focusing on the acquisition, development, redevelopment and management of multifamily communities located primarily in select growth markets throughout the Midwest, […]
News Release: Duke Realty’s Healthcare Group ramps up on West Coast with addition of David Chung
New Vice President of Development, Healthcare, will leverage his more than 20 years of experience in all phases of healthcare development to increase company’s western footprint INDIANAPOLIS, Aug. 31, 2016 – Duke Realty, an Indianapolis-based nationwide commercial real estate company, has hired experienced West Coast medical real estate professional David Chung as Vice President of Development, Healthcare. […]
News Release: Stream Launches Healthcare Division in DFW with Hire of Managing Director
John Huff to Lead New Platform and Drive Strategic Opportunities Throughout DFW Region DALLAS (August 29, 2016) – Stream Realty Partners (Stream), a full-service national real estate investment, development and services company, announced today the hiring of John Huff as managing director to lead its new healthcare real estate division. In this capacity, Huff will […]
Transactions: MOB sales stay strong in Q2
However, dollar volume of $2.13 billion was bolstered by two big deals By John B. Mugford Medical office building (MOB) sales volume was strong during the second quarter (Q2) of 2016, with two large deals dominating the transaction activity. According to commercial real estate research firm Real Capital Analytics (RCA) Inc., Q2 sales totaled a […]
Transactions: Multi-Employer Property Trust acquires MOB in downtown Boston for $625 per foot
BOSTON – Bethesda, Md.-based Multi-Employer Property Trust (MEPT), an investment vehicle for multi-employer and public employee pension plans, recently acquired what is known as the Harvard Vanguard Post Office Square medical office in downtown Boston.
Transactions: Pair of Pennsy MOBs sell for $52M
Side-by-side MOBs in Glen Mills, west of Philly, house Crozer-Keystone services By John B. Mugford Even though Springfield, Pa.-based Crozer-Keystone Health System was in the midst of being acquired in recent months – a situation that could create uncertainties when properties are put on the market – demand was still “very” strong for a pair […]
Transactions: Newly launched G-A REIT IV adds to its fledgling portfolio of HRE properties
POTTSVILLE, Pa. – Irvine, Calif.-based Griffin-American Healthcare REIT IV Inc., a newly formed non-traded real estate investment trust (REIT) in the early stages of building its portfolio of healthcare real estate (HRE) facilities, recently entered an agreement to purchase a 36,000 square foot, multi-tenant MOB in Pottsville, about 50 miles from the state capital of […]
Transactions: Canadian medical REIT enters U.S. market with a pair of MOB buys in Florida
ORLANDO, Fla. – Sunny Florida is where Toronto-based Mohawk Medical Properties REIT recently made its entrée into the U.S. MOB market, where it is called Mohawk America. In July, the private REIT acquired two medical facilities in Greater Orlando, paying a total of $14.6 million for the two buildings.
Hot Property: Fully leased to county-owned tenant
MOB in Half Moon Bay, Calif., provides valuable medical services to residents Name: Coastside Clinic Address: 225 Cabrillo Highway South City: Half Moon Bay, Calif. Total leasable square feet: 15,335 Number of floors: 1 Tenant: San Mateo County Health System Occupancy: 100% Year built: 1980 Year renovated: 2011 Seller: NetREIT Inc. Brokerage: Marcus & Millichap […]
Outpatient Projects: Children’s MOB coming in San Antonio
Seavest will own the facility being developed by Trammell Crow for CHRISTUS By John B. Mugford As hospitals and health systems across the country continue to employ a strategy that calls for bringing more medical services out to where patients live, they have a number of methods for doing so.
Outpatient Projects: University of Pittsburgh Medical Center building a new MOB in outer suburbs
HAMPTON TOWNSHIP, Pa. – The University of Pittsburgh Medical Center (UPMC) is building what it calls a “comprehensive” outpatient facility in Hampton Township, about 30 minutes north of downtown Pittsburgh.
Outpatient Projects: Kaiser’s future 50,000 square foot MOB in Chino, Calif., to use latest in technology
CHINO, Calif. – Construction is more than half complete on Oakland, Calif.-based Kaiser Permanente’s future Chino Grand Medical Office Building in Chino, about 35 miles east of Los Angeles.
Outpatient Project: The Neenan Co. starts construction on clinic in Central Coast town of Oceano, Calif.
OCEANO, Calif. – Fort Collins, Colo.-based The Neenan Co. recently broke ground on its fourth clinic project for Santa Maria, Calif.-based Community Health Centers of the Central Coast.