Transactions: Welltower adds to record year
Newly announced MOB investments would bring REIT’s 2019 total to $3.5 billion By John B. Mugford Final 2019 medical office building (MOB) sales volume totals were not yet available when this edition of Healthcare Real Estate Insights™ went to press. But whatever the country’s total ends up being for last year – and well over […]
Transactions: Newsbreak (Jan/Feb 2020 edition)
Elliott Bay Capital Trust sells 50 dialysis clinics to a public REIT for $142.9 million SEATTLE – Seattle-based Elliott Bay Capital Trust has sold a portfolio of 50 net-leased dialysis clinics with 430,000 square feet of space in 22 states to an undisclosed REIT for $142.9 million. The clinics are leased to Fresenius Medical Care […]
News Release: Cushman & Wakefield Negotiates $24.3M Sale of Gardens Medical Pavilion
For Immediate Release Scott O’Donnell, Michael Ciadella, Dominic Montazemi, Greg Miller, Miguel Alcivar, Anthony Librizzi and Michael Feldman Represented Gardens Medical Pavilion, LLC in the Sale of the ±75,424-Square-Foot Medical Office Tower PALM BEACH GARDENS, FL, January 22, 2020 — Cushman & Wakefield has negotiated the sale of Gardens Medical Pavilion, a ±75,424-square-foot, Class A medical office tower […]
News Release: NKF Handles $59 M Portfolio Sale for PSJH; Kicks off Phase Two
Newmark Knight Frank Completes Phase One Sale of 10-Property Portfolio for Providence St. Joseph Health NEWPORT BEACH, CA (January 22, 2020) — Newmark Knight Frank (NKF) has announced the sale of the first phase of a more than 344,000- square-foot, 10-property portfolio for Providence St. Joseph Health (PSJH) for a total value of approximately $59 […]
News Release: Colliers facilitates $42,000,000 sale of the iconic “Taj Mahal” medical office building in Laguna Hils, Ca
FOR IMMEDIATE RELEASE Located Across the Street from Saddleback Hospital, Institutional Quality Asset is a Rare MOB Trade Laguna Hills, CA (January 22, 2020) – The Colliers’ Healthcare Orange County Team just announced the closing of the highly-sought-after medical building known as the “Taj Mahal” located at 23521 Paseo De Valencia Laguna Hills, CA 92637. […]
News Release: BGL Announces the Real Estate Sale of the Musculoskeletal Institute of Tyler
Brown Gibbons Lang & Company Deal Announcement BGL Announces the Real Estate Sale of the Musculoskeletal Institute of Tyler Cleveland – January 22, 2020 — Brown Gibbons Lang & Company (BGL) is pleased to announce the real estate sale of the Musculoskeletal Institute of Tyler consisting of approximately 68,952 total rentable square feet. BGL’s Healthcare Real Estate […]
News Release: Just Sold: High Quality Medical Office in Pomona, CA
790 East Bonita Ave., Pomona, CA JUST SOLD CBRE’s Investment Properties-SoCal/Phoenix/Vegas team is pleased to announce the sale of 790 E Bonita Avenue in Pomona, California, at a price of $6,850,000 ($311/PSF). The 22,055-SF building was 100% occupied at the time of sale with two prominent providers of medical services with durable cash flow. Chaparral […]
News Release: Holladay Properties brokers sale of 28 White Bridge Road
For Immediate Release (Nashville, Tenn.) – Holladay Properties is pleased to announce the sale of The Anderson Building, a medical office property located at 28 White Bridge Road. Chad DeRossett, CCIM, and Tracy Francis, SIOR, acted as the Buyer’s exclusive advisors in acquiring the property. The Anderson Building is a 60,000 square foot medical office building […]
News Release: Shockwave Medical expands footprint By 50,000 SF
Shockwave Medical expands footprint By 50,000 SF i Santa Clara, California Project Earns SIOR Northern California’s Top R&D/Flex Deal of the Year Award (Jan. 16, 2020 – SANTA CLARA, Calif.) – Transwestern Commercial Services (TCS) today announces the restructure and expansion of Shockwave Medical Inc.’s (NAS:SWAV) headquarters in Silicon Valley. Transwestern Senior Vice President David […]
News Release: MLL Capital Expands Medical Office Portfolio with Four Acquisitions
FOR IMMEDIATE RELEASE MLL Capital Expands Medical Office Portfolio Acquires properties in Chicago, Minneapolis/St Paul, Nashville, and Washington D.C. markets BOSTON (January 15, 2020) – MLL Capital, a Boston-based commercial real estate investor focused on medical office, laboratory and life sciences properties across the US, announced today the recent acquisition of four medical office buildings, […]
News Release: MedSquare Health inks 63,000 sq.ft. in new leases
New Medical Building Near Baptist Hospital Signs New Leases with Gastro Health, VITAS Healthcare, My OB/GYN Specialists, Village Pharmacy and Compounding, MedSquare Café, Studio M Pilates and Yoga, and South Miami Physical Therapy & Pilates MIAMI (January 15, 2020) — MedSquare Health, a new $40 million Class “A” Medical Office Building by owners/developers AJP Ventures […]
News Release: JLL completes $16.6M sale of medical office campus in Charlotte MSA
Serves as Piedmont HealthCare’s largest, all-in-one location in the region CHARLOTTE, January 15, 2020 – JLL Capital Markets announced today that it has closed the $16.6 million sale of The Piedmont Healthcare Medical Office Campus, a five-building, 91,844-square-foot medical office campus in Statesville, North Carolina. JLL represented the seller, SMG Leasing Associates, LLC, a real […]
News Release: JLL advises Intuitive Health on developer selection for a pipeline of over 40 healthcare facilities
Intuitive Health to develop pipeline of outpatient hybrid ER and Urgent Care facilities across the U.S. PHILADELPHIA, January 15, 2020 – JLL Capital Markets announced today that it has advised Intuitive Health and its network of hospitals and health systems, on the selection of development partners for its growing pipeline of over 40 outpatient healthcare […]
News Release: MedCore Sells On-Campus MOB in Allen, Texas
NEWS PROVIDED BY MedCore Partners Jan 14, 2020, 14:53 ET ALLEN, Texas, Jan. 14, 2020 /PRNewswire/ — MedCore Partners announced today that it has successfully brokered the sale of Allen Medical Plaza to an institutional buyer for an undisclosed purchase price. Constructed in 2018, the 44,761 square foot multi-tenant on-campus medical office building sits on 3.37 acres and is […]
News Release: Capital One Closes $20.7 Million Loan to LaSalle for California Medical Office Building
New York (January 14, 2020) – Capital One announced today that it provided a $20.7 million adjustable-rate loan to LaSalle Investment Management for the acquisition of a 90,000-square-foot medical office building in Brea, California. “This was our first transaction with LaSalle,” said Erik Tellefson, Managing Director of Capital One Healthcare. “Their two-decade history of investing in […]
