Publisher’s Letter: It’s a deluge of deals
We’re busy tracking more and bigger transactions Dear Reader: There are a number of ways to track the volumes of sales of medical office building (MOBs) and other healthcare real estate (HRE). Some people turn to the commercial real estate data services, including Real Capital Analytics (RCA) Inc. and Revista. Others rely on reports from […]
Companies & People: ARCO/Murray Construction begins development of 31,200 square foot facility in Brandon, Fla.
BRANDON, Fla. – ARCO/Murray Construction recently began developing a 31,200 square foot facility for Community Health Centers in Brandon, about 12 miles east of Tampa. Community Health Centers is a not-for-profit organization that provides health services to underserved communities. The facility will house the organization’s corporate headquarters and a variety of healthcare services, including general […]
Companies & People: Wells Fargo meets senior housing development boom with specialty finance group
CHARLOTTE, N.C. – San Francisco-based Wells Fargo & Co. (WFC) recently created a new specialty finance group dedicated to the growing demand for senior housing.
Companies & People: JLL names Susan Silverman as SVP leading new business development and projects
NEW YORK – Jones Lang LaSalle (NYSE: JLL) announced that healthcare facilities veteran Susan Silverman has been named senior VP of the firm’s New York-based Project and Development Services Group.
Companies & People: CNL Healthcare Properties names Kevin Maddron as its chief financial officer
ORLANDO – Kevin R. Maddron, who recently served as the chief operating office and chief financial officer at Servant Healthcare Investments, recently joined Orlando-based CNL Healthcare Properties. He is the new chief financial officer, treasurer and chief operating officer of the real statement investment trust (REIT).
Companies & People: Cain Brothers advises on $18.63M bond financing for SNF near Cincinnati
FORT THOMAS, Ky. – New York-based Cain Brothers & Co. LLC, an independent investment banking firm that focuses exclusively on the healthcare industry, recently served as the sole investment banking advisor for the direct bank placement bond financing of $18.63 million for Carmel Manor, a not-for-profit skilled nursing facility (SNF) in Fort Thomas, a suburb […]
Companies & People: Opus Group jumps into healthcare
Longtime, national developer names key project management team members By Erin E. Porter Minneapolis-based Opus Group, one of the largest developers of office buildings and shopping centers in the country, has marked its foray into healthcare real estate (HRE) development with the announcement of several key appointments.
Companies & People: More Healthcare Real Estate Companies & People News
Seattle-based Colliers International has beefed up its healthcare real estate capabilities in North Texas by acquiring Dallas-based CASE Commercial Real Estate Partners LLC. The acquisition of the boutique commercial real estate firm adds 50 professionals to Colliers International’s Dallas-Fort Worth area team, bringing its total in the area to 182. The CASE entities are being […]
Feature Story: Where is pricing? Where is it going?
An InterFace West panel discusses the current and future state of MOB cap rates By Murray W. Wolf Of all the information that healthcare real estate (HRE) professionals can gather about medical office building (MOB) sales, the data point that seems to mean the most is the capitalization (cap) rate. After all, the cap rate, […]
Transactions: Norvin closes $66M deal in New York
NYU to repurpose Long Island City industrial building for ambulatory care facility By John B. Mugford An affiliate of the New York-based real estate private equity firm Norvin Healthcare Properties has acquired a two-story, 45,000 square foot property in one of New York’s hottest neighborhoods in a transaction valued at about $66 million, or $1,467 […]
Transactions: Record MOB sales continued in Q1
First quarter volume topped $3 billion, 157% more than the same quarter last year By John B. Mugford Rest assured, there will have to be, at some point in time, a hiccup in this record-setting era of medical office building (MOB) sales.
Transactions: More Healthcare Real Estate Sales Transactions
Harrison Street Real Estate Capital recently paid $15.9 million for the Community Medical Center, a 58,455 square foot MOB at 23101 Sherman Place in West Hills, Calif. West Hills is about 30 miles northwest of Los Angeles, near Thousand Oaks. The five-story building is in an area of medical facilities surrounding the 225-bed West Hills […]
Transactions: Hammes acquires two MOBs in Kitsap County, Wash., for $33.7 million
KITSAP COUNTY, Wash. – Brookfield, Wis.-based The Hammes Co., a longtime HRE development firm that launched an equity investment fund to acquire medical facilities in 2014, recently purchased a two-MOB portfolio in Kitsap County, Wash. Hammes paid $33.7 million for properties in the cities of Port Orchard and Silverdale, both of which are about 13 […]
Transactions: The Sanders Trust enters its 20th state with $12M buy outside of Albany, N.Y.
CLIFTON PARK, N.Y. – For Birmingham, Ala.-based The Sanders Trust (TST), a recent MOB acquisition has increased the company’s presence to 20 states nationwide.
Transactions: Largest single-asset MOB sale ever?
HFF brokers sale of 705,601 square foot Philadelphia building to HCP Inc. for $160.5 million PHILADELPHIA – In what looks to be the highest price ever paid in the United States for a single medical office building (MOB), Long Beach, Calif.-based HCP Inc. (NYSE: HCP) has closed on the acquisition of a 12-story facility in […]