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 […]
News Release: Just closed: Hock Plaza II & Duke Fertility Center in Durham, North Carolina
The transaction involved the investment sale of Hock Plaza II and Duke Fertility Center in Durham, North Carolina. Deal highlights Property type: Medical office Sale date: November 8, 2016 Square feet: 98,324 r.s.f. Purchase price: $34,750,000 Occupancy: 100% The JLL Healthcare Capital Markets Group is pleased to announce the sale of Hock Plaza II and […]
News Release: Kevin Tyler Joins Welltower as Vice President – Investments
November 14, 2016 TOLEDO, Ohio–(BUSINESS WIRE)–Nov. 14, 2016– Welltower Inc. (NYSE:HCN) today announced Kevin Tyler has joined Welltower as Vice President – Investments. Mr. Tyler joins Welltower from Green Street Advisors where he served as Analyst and Healthcare Sector Head. He will be headquartered at the company’s Beverly Hills, California office and will focus on […]
HREI Insights Awards™ Finalists announced
Healthcare Real Estate Insights™ reveals the Finalists for the fourth annual awards recognizing excellence in healthcare real estate development and leadership MINNEAPOLIS, Nov. 14, 2016 – Healthcare Real Estate Insights™ magazine is pleased to announce the Finalists of the 2016 HREI Insights Awards™, the only national awards dedicated to recognizing excellence in the areas of healthcare […]
News Release: HCP Announces Next Generation of Leadership with Promotions of Tom Herzog and Justin Hutchens
Mr. Herzog to Become CEO and Mr. Hutchens President, Effective January 1, 2017 Company Retains Korn Ferry to Conduct CFO Search IRVINE, Calif. and SAN FRANCISCO, Nov. 14, 2016 /PRNewswire/ — HCP (NYSE:HCP) (“HCP” or the “Company”) announced today that its Board of Directors intends to elect, HCP’s current Chief Financial Officer, as Chief Executive Officer and […]
News Release: Medical industry executive Jared Stark named Duke Realty SVP, Healthcare Development
Former University Hospital & Clinics’ CEO will leverage more than 20 years of experience to help expand the company’s healthcare real estate development activities across the country INDIANAPOLIS, Nov. 10, 2016 – Jared L. Stark, who has served in executive leadership positions with several leading healthcare organizations, has been named Senior Vice President of Healthcare Development at […]
News Release: AP Break Ground on Major Renovations and Expansion at Coryell Memorial
11/09/2016 GATESVILLE, Tex. – Today at 12:30, Coryell Memorial Healthcare System hosted a groundbreaking ceremony to officially kick off construction for a major renovation and expansion project at Coryell Memorial Hospital in Gatesville, TX. Designed by Mike Hale Architects, Adolfson & Peterson Construction (AP) is serving as the construction manager for this project which includes […]
Industry Pulse: What will the Trump win mean for the HRE sector?
With ObamaCare facing an uncertain fate, will we see a return to “analysis paralysis?” If you attended the annual BOMA Medical Office Buildings (MOBs) conference in Orlando in May, you might recall that the luncheon keynote speaker on Day 2 was Charlie Cook, publisher of The Cook Political Report. During his very interesting and entertaining […]
News Release: Meridian Sells Dialysis Clinic in Palmdale, Calif. for $6.97 Million, 5.0% Cap Rate
SAN RAMON, CALIF. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 13,750-square-foot dialysis clinic in Palmdale, Calif. The purchase price was $6.97 million, representing a cap rate of 5.0%. This is the second dialysis clinic that Meridian has […]