News Release: Ensemble Real Estate Solutions Experiences Encouraging Growth in Second Quarter
Phoenix, AZ (August 12, 2013) – Ensemble Real Estate Solutions closed out its 2013 second quarter with 59 medical office transactions totaling over $18.9 million in total lease value, representing a 38% increase in total leasing activity when compared to Ensemble’s 2012 second quarter. With just over 200,000 square feet in closed deals, some of the […]
News Release: Just Closed – Emory Aesthetic Center at Paces – CBRE Inc.
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Emory Aesthetic Center at Paces in Atlanta, Georgia. Sale Date: July 31, 2013 Sale Price: $6,840,000 Price PSF: $287 Condo Size: 23,869 SF Year Built: 1991 Occupancy: 100% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the […]
News Release: American Realty Capital Healthcare Trust Crosses $1 Billion Mark for Acquisitions; Acquires $162.9 Million of Properties Since July 1st
New York, New York, August 2, 2013 – merican Realty Capital Healthcare Trust, Inc. (“ARC Healthcare”) announced today that it has acquired nine high quality senior living facilities located in Florida, Georgia, Tennessee, Washington and Oregon for an aggregate contract purchase price of $128.3 million, exclusive of closing costs. These purchases made up a significant part […]
News Release: Nashville based Centerre Healthcare and University of Wisconsin Hospital for partnership for new inpatient rehabilitation hospital
Nashville, TN – University of Wisconsin Hospital and Clinics, in partnership with Centerre Healthcare Corporation, today announced plans to build a freestanding inpatient rehabilitation hospital in Madison. Pending purchase of the site and required city approvals, the new hospital will be built across the street from UW Health at The American Center, the planned new […]
News Release: Nashville based Centerre Healthcare and University of Wisconsin Hospital announce partnership for new inpatient rehabilitation hospital
Nashville, TN – University of Wisconsin Hospital and Clinics, in partnership with Centerre Healthcare Corporation, today announced plans to build a freestanding inpatient rehabilitation hospital in Madison. Pending purchase of the site and required city approvals, the new hospital will be built across the street from UW Health at The American Center, the planned new campus […]
News Release: Just Closed – Lincoln Medical Center – CBRE Inc.
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Lincoln Medical Center in Parker, Colorado. Sale Date: July 29, 2013 Sale Price: $42,000,000 Price PSF: $364 Building Size: 115,362 SF Year Built: 2008 Occupancy: 91.6% The CBRE U.S. Healthcare Capital Markets Group is pleased […]
News Release: Just Closed: Advocate Medical Office Portfolio – CBRE Inc.
The CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the monetization of the Advocate Medical Office Portfolio in Chicago, Illinois. Sale Date: July 23, 2013 Portfolio Size: 408,734 SF Year Built: 1976-1996 Occupancy: 88% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Advocate Medical Office Portfolio […]
Industry Pulse: Lillibridge/Ventas nabs Advocate MOB Portfolio
Lillibridge didn’t need to travel far to find its newest medical office portfolio acquisition. Lillibridge, and its parent company, publicly traded Ventas (NYSE: VTR), are both based in Chicago, whose metropolitan area is home to the seven buildings offered in the in the Advocate Medical Office Portfolio. Lillibridge/Ventas closed on the 408,734 square foot portfolio […]
Transactions: CNL is on the move in the MOB space
Non-traded REIT acquires Knoxville portfolio for $57.3M; enters two other markets By John B. Mugford For much of the early 2000s, CNL Retirement Properties Inc. was one of the kings of the medical office building (MOB) sector, amassing a portfolio of more than 70 facilities nationwide.
Transactions: MB takes a prize-winner in Atlanta
Chicago-based firm acquires Piedmont West MOB and land for $84 million By John B. Mugford A year after winning BOMA International’s 2012 TOBY award as the medical office building (MOB) of the year, the Piedmont West building in Atlanta has landed a new owner.
Hot Property: Atlanta-area MOBs hit the market
Three-building, 184,705 square foot portfolio is seen as a ‘value-add’ opportunity Name: Atlanta Medical Office Portfolio Number of MOBs: 3 Locations: Marietta and Stockbridge, Ga. Size: 184,705 square feet (total) Occupancy: 75% (average) Seller: Affiliates of Marcus Partners Major tenants: Great Expressions Dental Centers, Northside Hospital, Piedmont Medical Care, Emory Healthcare Brokerage firm: Avison Young
Company Profile: New HRE investment firm starts up
Former Flagship execs form joint venture called MedSouth Healthcare Properties By John B. Mugford Two real estate executives based in Charlotte, N.C., are teaming up to form what they hope to grow into the “premiere investment firm for healthcare real estate in the Southeast.” The executives, who previously worked together at Flagship Capital Partners […]
Outpatient Projects: $450M facility underway in Boston
Construction has started on Brigham and Women’s project in Longwood area By John B. Mugford The goal for a massive future research and outpatient facility under construction in Boston is quite ambitious, to say the least. According to officials with Brigham and Women’s Hospital (BHW), the work that will take place inside the 11-story, 620,000 […]
Inpatient Projects: $2B hospital plans gain OK in S.F.
Scaled-down, 274-bed Cathedral Hill facility planned; St. Luke’s to be rebuilt By Dan Emerson After five months of negotiations that led to a long-awaited compromise, California Pacific Medical Center recently gained city approval to go ahead with its planned $2 billion Cathedral Hill hospital and a related rebuild of St. Luke’s Hospital. Opposition by some […]
Outpatient Projects: Duke Realty adding two Texas MOBs
Firm developing medical office buildings on Scott & White Healthcare campuses By John B. Mugford Two outpatient projects are underway on the campuses of two major hospitals in the Texas cities of Waco and Temple. Both of the facilities are being developed by Indianapolis-based Duke Realty Corp. (NYSE: DRE), which has an office in Dallas, […]