Hot Property: MOB in a thriving, mixed-use area
Prairie Glen Medical Office Center in Glenview, Ill., is home to large tenants Name: Prairie Glen Medical Office Center Number of buildings: 2 Square feet: 44,200 Address: 2551 and 2591 Compass Road City: Glenview, Ill. Offered cap rate: 6.5 percent Avg. remaining lease: 8.9 years Brokerage: Bull Realty Broker: Paul Zeman The Village of Glenview, […]
Transactions: Flagship REIT pays $12.4 million for 75,000 square foot MOB in Blue Ridge, Ga.
BLUE RIDGE, Ga. – Charlotte, N.C.-based Flagship Healthcare Properties has added another MOB to its new healthcare-focused, non-traded real estate investment trust (REIT).
Transactions: Freestanding emergency department in Littleton, Colo., trades for $1,213 per square foot
LITTLETON, Colo. – A 7,430 square foot freestanding emergency department (FED) facility in Littleton, about 20 miles southwest of Denver, recently traded hands for a substantial price per square (PSF) of $1,213.
Transactions: Miami-based Flagler Investment Holdings acquires MOB near hospital in Delray Beach, Fla.
DELRAY BEACH, Fla. – Miami-based Flagler Investment Holdings recently acquired the 32,520 square foot Delray Medical Office at 4675 Linton Blvd. in Delray Beach, a city along the Atlantic Ocean.
Transactions: DaVita dialysis clinic near Phoenix sells for $4.55M; Sun Commercial brokers the deal
GLENDALE, Ariz. – A 12,148 square foot DaVita dialysis clinic in Glendale, south of Phoenix, recently traded hands for $4.55 million, or $375 per square foot (PSF). The property at 20325 North 51st Ave. is fully leased to Denver-based DaVita Inc. (NYSE: DVA), which recently extended its term by 10 years.
Companies & People: Colliers completes HSRE investment
CRE firm closes on acquisition of 75 percent niche investor Harrison Street By Murray W. Wolf Just in case you missed the news because it happened the day after the Fourth of July, global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) completed its previously announced strategic investment in Harrison […]
Thought Leaders: Revista Releases Mid Year Transactions Report
By Hilda Martin The Mid Year Revista transactions report has been released and is available to subscribers. Some highlights: $19.1B in hospitals and MOBs traded in the last 12 months – down somewhat from this time last year Average MOB cap rates increased to 6.4 from 6.1, although many trades are still in the 5′s […]
News Release: Nationwide portfolio of medical office buildings finds buyer
JLL arranges sale of 10 MOBs in six states to Everest Healthcare Properties BOSTON, August 23, 2018 – JLL’s Capital Markets, Healthcare experts have arranged the sale of a 10-building medical office portfolio on behalf of Jupiter, Florida-based developer Rendina Healthcare Real Estate. The buyer was Everest Healthcare Properties LLC, a healthcare real estate investment manager based […]
News Release: HFF announces financing for senior housing development in Denver, Colorado
Dallas, TX – August 23, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing for the development of Solera at Cherry Creek, a Class A seniors housing development in the Cherry Creek neighborhood of Denver, Colorado. The HFF team worked on behalf of the developer, a joint venture between affiliates of Banner Senior, LLC, […]
News Release: Raymond James serves as Strategic Advisor to Glens Falls Hospital
Raymond James serves as Strategic Advisor to Glens Falls Hospital on the successful sale of its Dialysis Operations to Dialysis Clinic, Inc. The sale of Glens Falls’ Dialysis Operations to Dialysis Clinic, Inc. has enhanced the community’s healthcare offerings with the expertise of a national not-for-profit dialysis provider, while maintaining the hospital’s culture and commitment […]
News Release: Avison Young Arranges Sale of Class A Medical Office Park in Virginia
Three Multistory Buildings Ideally Located at Center of Ashburn Park in Loudoun County Ashburn, Va. – Avison Young announced today that it has arranged the sale of the Ashburn Farm Professional Plaza, a 75,191-square-foot, Class A medical office park in Loudoun County, Va. The three-building office park is ideally located at the center of Ashburn Park, a […]
Transactions: 10-MOB Rendina MOB portfolio sold to Everest
Private equity investment firm acquires medical office buildings in five states JUPITER, Fla. — As large and often institutional investors look to acquire medical office buildings (MOBs), they are typically attracted to portfolios – which help them add immediate scale – of high-quality, Class A facilities affiliated with strong healthcare systems. In many cases, portfolios […]
News Release : Capital One Closes $57.6 Million Loan to Refinance Houston Healthcare Portfolio
Bethesda, Md. (August 21, 2018) – Capital One announced today that it provided a $57.6 million adjustable-rate loan to refinance a two-building healthcare portfolio in Houston, Texas. The properties are owned by CNL Healthcare Properties. The proceeds were used to refinance existing debt and recapture equity. The portfolio consists of a four-story, 126,000-square-foot orthopedic and spine […]
News Release: ESI Arranges Sale of Arizona Skilled Nursing Facility for $15M
Tucson, AZ – August 20th, 2018 – Evans Senior Investments (ESI) successfully represented the sale of Avalon Southwest Health & Rehabilitation, a 211-bed skilled nursing facility in Tucson, for $15 million or $71,000 per bed. Built in 1983, the facility was managed by Avalon Healthcare. Located in southern Tucson with 211 operating beds, it was Avalon’s […]