Companies & People: HRE developers combine strengths
Anchor Health Properties, Brinkman merge to grow services and footprint By John B. Mugford Two long-standing healthcare real estate (HRE) firms have joined forces with a goal of expanding their range of services and growing their national footprint.
Companies & People: Sharon Harper a finalist for Phoenix Business Person of the Year
PHOENIX – Sharon Harper is well-known not only in national healthcare real estate circles, she’s also quite a familiar and highly respected businesswoman in her adopted hometown of Phoenix as well.
Companies & People: Former multi-family and retail developer turns to healthcare in Houston
HOUSTON – A new player with experience in various other types of commercial real estate has emerged on the healthcare real estate (HRE) scene in Houston.
Companies & People: AW Property executive forms new company focused on MOBs, office
WEST PALM BEACH, Fla. – Peter Applefield, formerly a principal of West Palm Beach, Fla.-based AW Property Co., recently formed a new company focusing on acquiring and managing medical and professional office buildings in South Florida and the Southeast United States.
Post-Acute & Senior Living: More Post-Acute & Senior Living News
Evans Senior Investments reports that an undisclosed non-traded real estate trust (REIT) recently acquired The Shores of Lake Phalen, a 105-unit independent living, assisted living, and memory care community located in Maplewood, Minn. The Chicago-based investment banking firm says the REIT was the winner of a competitive bidding process, paying a price of $30 million, […]
Cover Story: Is development back?
Maybe not at peak 2006-08 levels, but healthcare construction is strong By John B. Mugford Editor’s note: This is an extended version of the article that appeared in the print edition of HREI. Has development truly made a comeback in the medical office building (MOB) sector since the throes of the Great Recession? To explore […]
Transactions: Montecito lands large MOB in Johnson City, in northeastern Tennessee
JOHNSON CITY, Tenn. – In a sale-leaseback transaction, Brentwood, Tenn.-based Montecito Medical Acquisition & Development Co. recently acquired a large medical office building (MOB) in Johnson City, a city of about 70,000 residents in the northeastern part of Tennessee.
Transactions: Physicians Realty Trust enters agreements for purchases totaling $91.5M
MILWAUKEE – In last month’s edition of Healthcare Real Estate Insights™, John T. Thomas, president and CEO of Milwaukee-based Physicians Realty Trust (NYSE: DOC), told us that the publicly traded real estate investment trust (REIT) will likely double the size of its portfolio in 2015.
Transactions: DocREIT pays $40.4 million for two-building medical office complex in Katy, Texas
KATY, Texas – In more news from Physicians Realty Trust, the REIT recently acquired the two-building Kingsland Medical Office complex in Katy. The two buildings, one a surgery center and one a rehabilitation facility, are fully occupied by tenants that include Houston-based Memorial Hermann Health System, which has 13 hospitals, seven cancer centers and numerous […]
Transactions: Owner of historic MOB in downtown Seattle lands $69.5 million in financing
SEATTLE – The owner of one of downtown Seattle’s landmark MOBs, the Medical Dental Building, recently secured $69.5 million in financing for the facility, which total 294,286 square feet, including ground floor retail.
Hot Property: Big offering in the hottest of markets
Newly rebuilt MOB in Seattle’s First Hill submarket is 100 percent occupied Name: First Hill Medical Pavilion Address, City: 1124 Columbia St., Seattle Year completed: 2015 Total leasable space: 227,628 Occupancy: 100% Parking spaces: 415 Originally built: 1975 Rebuilt, expanded: 2015 Largest tenant: Swedish Medical Center Seller: Trammell Crow Company Brokerage: CBRE Group Inc. Brokers: […]
Transactions: MOB in ‘hot’ area trades for $710 PSF
Investor pays $38.5 million for asset in Santa Monica, Calif., healthcare corridor By John B. Mugford Los Angeles-based Stockdale Capital Partners, which started out of a family office 25 years ago, recently acquired a medical office building (MOB) in Santa Monica for $38.5 million, or $710 per square foot (PSF).
Transactions: More Healthcare Real Estate Transactions News
Associates in Ophthalmology of West Miffin, Pa., a south Pittsburgh suburb, recently sold its 27,193 square foot facility for $10.75 million. According to the brokerage firm that represented the seller, the Healthcare Capital Markets Group of Jones Lang LaSalle (JLL), the building is a Class A facility with a surgery center. Associates in Ophthalmology, the […]
Outpatient Projects: Rendina and Axis reportedly plan to develop 80,000 s.f. MOB in Fort Lauderdale, Fla.
FORT LAUDERDALE, Fla. –Rendina Healthcare Real Estate and Axis HealthCare Partners are reportedly planning a $30 million, 80,000 square foot MOB and surgery center in Fort Lauderdale.
Outpatient Projects: Greystone and Ashley submit plans for 15,000 square foot MOB near Bethlehem, Pa.
BRODHEADSVILLE, Pa. – Greystone Capital Inc., in association with Ashley Development Corp., plans to develop a 15,000 square foot medical office building in Brodheadsville that would house a primary care medical practice affiliated with St. Luke’s University Health Network, as well as other medical services.