Product Focus: Private interest grows
More Small Investors are Turning to MOBs By Jessica Griffith Real estate buyers are responding to the lure of medical office buildings (MOBs), and institutional investors are not the only ones taking notice.
News & Analysis: Swedish sells to HCP
REIT Closes Deal for $111 Million Portfolio By Murray W. Wolf Times have changed, but it often used to be said that “nobody ever got fired for buying IBM.” The implication was that your boss could never fault you for choosing International Business Machines Corp. as your company’s computer hardware supplier. The market leader was considered the obvious, least risky choice.
Industry Pulse
LEXINGTON, Ky. – The University of Kentucky’s UK Healthcare unveiled a strategic plan Dec. 14 that calls for up to $680 million in capital investment through 2010 on the campus of its UK Chandler Medical Center. Phase 1A of the plan, to be completed by 2009, calls for a $330 million to $375 million, 200,000 square foot, 240-bed replacement hospital, including a replacement parking garage with about […]
Transactions: Los Angeles R.E. investor, developer buys MOB in Orange County for $15.9M
LAGUNA HILLS, Calif. – Los Angelesbased Laurus Corp., a private real estate investment and development firm founded in 1999, recently acquired an MOB in Laguna Hills as a “value-add” opportunity. According to data from real estate research firm Real Capital Analytics, Laurus paid $15.9 million for the Saddle back Financial Center, a four-story, 72,928 square […]
Transactions: Local firm acquires iconic, illuminated MOB near Houston’s downtown
HOUSTON – A Houston-based commercial real estate firm, Boxer Property, recently acquired a long-standing landmark MOB and office building on a highly visible location in the city just off U.S. Interstate 45 at U.S. Highway 59. One of the reasons the St. Joseph Professional Building, at 200 Crawford St., has been so well known over […]
Transactions: Norvin Properties buys MOB in Sugar Land, Texas, near a CHI St. Luke’s hospital
SUGAR LAND, Texas – New Yorkbased Norvin Properties, which has a portfolio of more than 1 million square feet of healthcare facilities, recently acquired an MOB in Sugar Land, in the suburbs southwest of Houston. According to RCA, Norvin acquired the 79,629 square foot Sugar Land Medical Pavilion at 14815 Southwest Freeway for an undisclosed […]