Companies & People: More Healthcare Real Estate Company & People News
he Healthcare Services Group of Los Angeles-based CBRE (NYSE: CBG) has been hired by Scottsdale, Ariz.-based Prime A Investments to provide property management and leasing services for four MOBs on the campus of Dallas Medical Center. The 155-bed acute care hospital, in the North Dallas suburb of Farmers Branch, was acquired by Ontario, Calif.-based Prime […]
Company Profile: Minnesota HRE developer is on a roll
The Davis Group is well- known in Twin Cities’ healthcare real estate circles By Dan Emerson Back when Mark Davis launched his real estate firm in 1986, he was something of a pioneer in the Twin Cities of Minneapolis and St. Paul, Minn. “At that point, I don’t think anyone was focusing on the healthcare […]
Companies & People: David Domres to lead Milwaukee firm’s HRE property management
MILWAUKEE – An award winning property manager has joined Milwaukee-based Siegel-Gallagher Management Co. (SGMC) as senior VP in charge of healthcare real estate. David Domres, who has been awarded the Certified Property Manager of the Year three times by the Milwaukee chapter of the Institute of Real Estate Management (IREM), is helping to position SGMC […]
Companies & People: Pacific Medical Buildings promotes two executives, adds a strategic advisor
SAN DIEGO – San Diego-based Pacific Medical Buildings (PMB), a well-known HRE development firm, recently promoted Jake Rohe to senior VP of development and Ben Ryan to chief financial officer and VP of operations. It also hired Michael C. Brinkley as healthcare strategic advisor for healthcare development and acquisitions in Arizona. In addition to gaining […]
Companies & People: DaVita adds space near Chicago
In other news from NexCore, kidney care provider DaVita Inc. has signed a second lease in Pavilion A on the Silver Cross Hospital campus in New Lenox, Ill., southwest Chicago, bringing its total leased space in the building to 9,631 square feet. NexCore Group developed, leases and manages the 182,000 square foot Pavilion A, the […]
Companies & People: NexCore delivers off-campus MOB
New facility in Monroe, Wash., serves Providence hospital and medical group By John B. Mugford In late 2013, Denver-based NexCore Group LP completed its participation in the delivery of a two-story, 43,000 square foot, off-campus ambulatory facility in Monroe, Wash. NexCore delivered the project for Providence Regional Medical Center Everett (PRMCE), in Everett, Wash., and […]
Hot Property: Cancer Institute Hits the Market
Hospital campus facility is in California’s ‘wealthiest’ county, Marin Name: Marin Cancer Institute Address: 1350 South Eliseo Dr. City: Greenbrae, Calif. Number of buildings: 1 Square feet: 45,277 Occupancy: 100% Tenant: Marin General Hospital Lease expiration: 2028 Brokers: Lee Asher, Chris Bodnar, Seth A. McKinnon Brokerage firm: CBRE GRENBRAE, Calif. – In November, residents in […]
Cover Story: A look ahead
Some of the HRE sector’s leading professionals weigh in on the year to come By John B. Mugford The first part of 2014 brings with it myriad questions regarding the nation’s healthcare industry. Subsequently, that also means that questions abound concerning healthcare real estate (HRE), even though our unscientific poll finds that most professionals involved […]
Cover Story: Development: More activity, but who will own the MOBs?
By John B. Mugford The number of newly developed MOBs has held steady in recent years, with about 7 million to 8 million square feet completed in 2012 and 2103, according to a number of sources. But even though most HRE professionals do not believe that the enrollment of newly insured patients under the PPACA […]
Cover Story: MOB sales: What’s next after a record-setting 2013?
By John B. Mugford As most people involved in the sector know by now, 2013 was a record year for medical office building (MOB) sales. Data from Real Capital Analytics Inc., a real estate research firm, indicate that more than $6.5 million worth of MOBs traded hands in 2013, a total that includes only transaction […]
Transactions: A record-setting year for MOB sales
The MOB sales volume reached new heights last year, exceeding $6.5 billion By John B. Mugford Just when it seemed as if the sales volume of medical office buildings (MOBs) couldn’t go any higher in a single year, along came 2013. Just a year earlier, 2012 became the second-highest year for MOB sales of all […]
Transactions: CNL Healthcare pays $60 million for MOBs
Unlisted REIT acquires two medical office buildings in Florida and two in California By John B. Mugford CNL Healthcare Properties, an unlisted real estate investment trust (REIT) sponsored by Orlando, Fla.-based CNL Financial Group LLC, continues to make headway in the HRE sector. In recent weeks, the REIT closed on the acquisition of two medical […]
Transactions: Sabra REIT moves into acute-care space with Texas deals
DALLAS – For the most part, Irvine, Calif.-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) looks to grow its portfolio primarily through the acquisition of senior housing and memory care facilities, with a secondary focus on skilled nursing facilities (SNFs). However, it also continues to search for “opportunistic” acquisitions of other types of healthcare real […]
Transactions: Ill.-based MedProperties Group looks west, to Arizona, for latest MOB acquisition
GILBERT, Ariz. – Northbrook, Ill.-based MedProperties Group (not to be confused with the unaffiliated, Dallas-based MedProperties Holdings) has ventured west for its latest MOB acquisition, acquiring Mercy Medical Commons in Gilbert, part of what the company calls the “rapidly growing” East Valley region of Greater Phoenix. According to MedProperties Group’s website, the Gilbert building is […]
Transactions: MedSouth Healthcare Properties LLC acquires Myrtle Beach, S.C., MOB
MYRTLE BEACH, S.C. – MedSouth Healthcare Properties LLC, a relatively new company focused on acquiring healthcare properties in the Southeast, recently purchased an MOB in Myrtle Beach in a JV with Sterling Fox Group LLC. Both MedSouth and Sterling Fox Group are based in Charlotte, N.C. The JV acquired Market Commons Medical, a 20,000 square […]