News Release: Capital One closes $33.6 million loan for Chicago-area MOB acquisition
Bethesda, Md. (July 25, 2016) – Capital One announced today that it provided a $33.6 million term loan for the acquisition of a portfolio of four medical office buildings in the Chicago area. A joint venture of Harrison Street Real Estate Capital and MedProperties Group purchased the properties. The commitment includes $26.8 million in initial […]
News Release: CBC Real Estate Group to Develop $40 Million Rock Regional Hospital in Derby, Kan.
KANSAS CITY, Mo. (July 13, 2016) – Yesterday, CBC Real Estate Group announced its plans to develop Rock Regional Hospital in Derby, Kan. The 65,000 square-foot, 30-bed general acute care hospital and adjacent 40,000 square-foot medical office building will be located north of Patriot Avenue and west of Rock Road, in the proposed STAR Bond […]
Cover Story: Out of the woods
Former Forest Park properties finding new life By John B. Mugford It seemed like a good idea at the time. Frustrated by what they considered to be bureaucracy and inefficiency at other local hospitals, a group of Texas physicians launched the Forest Park chain of physician-owned specialty hospitals, opening the first of six such facilities […]
Feature Story: Still a lot to be optimistic about
Economist, keynote speaker educates BOMA audience about the U.S. economy By John B. Mugford On the surface, there certainly seems to be a lot to be worried about, both in our country as well as in rest of the world. These include, among others, ongoing threats of terrorism, a troubling pair (to many voters) of […]
Transactions: Griffin-American REIT IV, new on the scene, makes one deal, agrees to another
IRVINE, Calif. – The newest non-traded real estate investment trust (REIT) offering from California-based co-sponsors American Healthcare Investors and Griffin Capital Corp. – Irvine-based Griffin-American Healthcare REIT IV (G-A REIT IV) – recently made its initial acquisitions.
Transactions: The Sanders Trust makes MOB purchases totaling $11.2 million in New Mexico and Wisconsin
BIRMINGHAM, Ala. – Birmingham-based The Sanders Trust (TST), a healthcare real estate (HRE) firm, says it has a goal of adding anywhere from $100 million to $200 million worth of properties to its portfolio annually, be it through purchases or developments.
Transactions: VCU Health of Richmond acquires building it was occupying in the Richmond, Va., suburbs
SHORT PUMP, Va. – VCU Health System of Richmond, Va., recently acquired an MOB that it was occupying in the suburub of Short Pump, about 15 miles outside of Richmond.
Transactions: Seavest buys MOB in L.A. hot spot
Loker building is on Dignity Health campus, near Staples Center and L.A. Live By John B. Mugford The South Park district of Los Angeles is as hot as ever, with plenty of new residential units, retail stores, restaurants and entertainment options available to the growing area’s population.
Hot Property: Dignity anchored MOB offered
Durango Medical Plaza offers strong demographics in affluent Las Vegas area Name: Durango Medical Plaza Address: 8530 West Sunset Road City: Spring Valley, Nev. Total leasable square feet: 73,178 Number of floors: 3 Anchor tenant: Durango Surgery Center Occupancy: 75% Year built: 2008 Brokerage: JLL Las Vegas Brokers: Dean Kaufman, Randy Fleisher The demographics supporting […]
Transactions: G-A REIT III makes a number of MOB and senior housing buys
IRVINE, Calif. – In more news from Irvine-based American Healthcare Investors and Los Angeles-based Griffin Capital Corp., another REIT that they co-sponsor, Griffin-American Healthcare REIT III (G-A REIT III), recently made a number of purchases to end the second quarter (Q2) of 2016.
Transactions: New York’s Mount Sinai Health System sells MOBs for $111.5M; buyer plans luxury residences
NEW YORK – The buyer of one of the priciest medical office building (MOB) deals in recent months has no history in the MOB arena, nor does it look to be entering the space.
Outpatient Projects: Davis starts new Minnesota project
Prolific Twin Cities healthcare developer has nearby hospital as anchor tenant By John B. Mugford As health systems do their best to expand their reach into new markets these days, perhaps they shouldn’t forget about defending their home turf as well.
Outpatient Projects: Ryan Cos. US to develop new 40,000 square foot MOB in suburb north of Minneapolis
BROOKLYN PARK, Minn. – Minneapolis-based Ryan Companies US Inc. plans to develop, build and manage a 40,000 square foot MOB in the 610 Zane Business Park in Brooklyn Park, a suburb of Minneapolis.
Outpatient Projects: Developer moving forward with MOB near massive mixed-use project in Superior, Colo.
SUPERIOR, Colo. – Plans are progressing for the development of a 62,006 square foot multi-tenant MOB in Superior, a city of 13,000 people about 8 miles southeast of Boulder, Colo.
Outpatient Projects: MedCraft developing $13.5 million MOB as part of future campus in Howell, Mich.
HOWELL, Mich. – Minneapolis-based MedCraft Healthcare Real Estate, formerly Frauenshuh, recently broke ground on its fourth new project in 2016.