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 […]
Transactions: ARC Healthcare Trust II pays $15 million for MOB in central California
HANFORD, Calif. – Aggressive buyers are looking far and wide for MOBs, as evidenced by New York-based ARC Healthcare Trust II Inc.’s recent acquisition in Hanford, a city of about 55,000 people in central California.
Hot Property: OKC portfolio offers MOBs, hospitals
Also available, in a separate deal, is a portfolio of four MOBs with 97,238 s.f. Name: HPI Healthcare Portfolio Location: Oklahoma City, Okla. Number of buildings: Four Square footage: 245,658 Leased: 100% Tenant: Healthcare Partners Investments LLC (HPI) First-year NOI: $5.875 million Brokers: Christopher Stai , Clinton Parker Brokerage: Brown Gibbons Lang In Greater Oklahoma […]
Transactions: CNL Healthcare Properties acquires 105,000 square foot medical clinic in Bend, Ore.
BEND, Ore. – Orlando, Fla.-based CNL Health Properties recently acquired the home of a large, independent group practice in Bend, a city of about 170,000 residents in the central part of Oregon.
Transactions: G-A REIT III lands a ‘medical village’
MOB in Mount Dora, Fla., was sold by Central Florida HRE development firm By John B. Mugford Irvine, Calif.-based Griffin-American Healthcare REIT III Inc. continues to add to its portfolio, as it recently acquired what is labeled as a “medical village” in Mount Dora, Fla.
Transactions: Rendina acquires MOB in San Antonio’s South Texas Medical Center
SAN ANTONIO – Rendina Healthcare Real Estate, long known as an HRE development firm, is also on the lookout for properties to add to its portfolio through acquisitions.
Transactions: Largest single-asset MOB sale ever?
HFF brokers sale of 705,601 s.f. foot Philadelphia building to HCP for $160.5M By John B. Mugford 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 […]
Outpatient Projects: More Outpatient Real Estate Project News
Phoenix-based LGE Design Build recently completed a 47,863 square foot, $9.5 million building in Tempe, Ariz., for the Southwest College of Naturopathic Medicine. The two-story Community Commons, is home to classrooms with study areas, exercise spaces and a library expansion four times larger than the previous space. Also included is a 6,100 square foot regenerative pain […]
Outpatient Projects: Trammell Crow finishes MOB on growing hospital campus west of Houston
KATY, Texas – Demand for healthcare services continues to grow at the campus of the 142-bed – and expanding – Memorial Hermann Katy Hospital in the western Houston suburbs.