News Release: LaSalle Investment Management selects JLL to lease, manage iconic medical office building in the Texas Medical Center
HOUSTON, Aug. 6, 2018 – JLL today announced the firm has been selected by LaSalle Investment Management to lease and manage 6400 Fannin Street, a 510,000-square-foot ultra-core, trophy medical office building (MOB) within the world’s largest medical complex, the Texas Medical Center (TMC). One of the nation’s largest medical office buildings, the Class A+ building […]
News Release: Bear Real Estate Advisors Represents Columbia Property Investors in More Than $6 Million Acquisition of Medical Office Building
PHILADELPHIA – (Aug. 2, 2018) – Bear Real Estate Advisors announced today that the real estate investment services firm represented Columbia Property Investors in its acquisition of a 15,000-square-foot medical office building 100 percent leased to St. Luke’s University Health Network in Brodheadsville, Pennsylvania. Columbia Property Investors acquired the property for in excess of $6 […]
News Release: Just Closed: Edmonds Medical Center
CBRE U.S. Healthcare Capital Markets acted as the exclusive advisor for the sale of the Edmonds Medical Center in Edmonds, Washington. Sale Date: July 30, 2018 Sale Price: $23,500,000 Price Per SF: $431/SF Property Size: 54,516 SF Occupancy: 100% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Edmonds Medical Center (the “Property”). […]
News Release: Healthcare Trust of America, Inc. Announces Greenville, SC Medical Office Sale Agreement
News Provided by Healthcare Trust of America, Inc. Scottsdale, Ariz., Aug. 2, 2018 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE: HTA) announced today that it entered into an agreement to sell a portfolio of medical office buildings affiliated with Greenville Health System (“GHS”) for $285 million. The portfolio consists of 16 MOBs totaling approximately 856,000 square feet of GLA […]
News Release: Investor purchases net leased medical office buildings in Asheville, NC
JLL completes $35.2 million sale of Mission Health’s Asheville portfolio to MB Real Estate unit Ashville, NC. August 1, 2018 – JLL’s Capital Markets experts have completed the $35.2 million sale of three medical office buildings in Asheville, North Carolina on behalf of health system Mission Health and its affiliated physicians. The buyer, Chicago-based MBRE Healthcare, is […]
News Release: Davis enters Iowa healthcare real estate market with acquisition of Mercy Coral West
National firm known for its Minnesota projects recently closed on the 60,000 square foot, 100 percent occupied multi-specialty medical center in Coralville near Iowa City IOWA CITY, Iowa, and MINNEAPOLIS, Aug. 1, 2018 – Davis, a national healthcare real estate (HRE) development, property management, brokerage and investment firm, announced its first HRE transaction in Iowa with […]
News Release: H2C Advises Marin Healthcare District on $224 Million Series 2017A General Obligation Bond Financing
New York — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused investment banking firm, through its wholly-owned subsidiary H2C Securities Inc. (“H2C”), served as the exclusive financial advisor to the Marin Healthcare District (“MHD”) in connection with the issuance of MHD’s $224 million General Obligation Election of 2013, Series 2017A Bonds. On Nov. 5, 2013, Marin County […]
Transactions: Largest single-asset MOB sale ever?
LaSalle acquires Memorial Hermann tower for an estimated $405 million By John B. Mugford The 28-story, glass-skinned Memorial Hermann Medical Plaza in Houston is certainly one of the country’s trophy medical office assets. After all, the 510,000 square foot medical office building (MOB) is situated at the gateway of perhaps the world’s best-known medical complex, […]
News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Seattle
SEATTLE (July 31, 2018) – American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired an approximately 55,000-square-foot medical office building in the Seattle suburb of Edmonds, Washington for $23.5 million. Built in 1991, Edmonds Medical Office Building underwent an extensive renovation […]
News Release: Flagship Healthcare Properties Grows REIT Portfolio With Tennessee Acquisition
Knoxville, Tennessee – July 30, 2018 – Flagship Healthcare Properties is pleased to announce it has acquired for its private REIT portfolio, the Knoxville Dermatology Group medical office building in Knoxville, Tennessee. The two story, 28,000 square foot, state-of-the-art medical office building was developed in 2015 and is occupied by Knoxville Dermatology Group, one of […]
News Release: Avison Young brokers $2.8-million sale of 32nd Street SurgiCenter in Phoenix
ST Real Estate, LLC sells fully occupied medical office building to private trust Phoenix, AZ – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has brokered the $2.8-million sale of 32nd Street SurgiCenter, a fully occupied, 10,488-square-foot (sf) medical office building in Phoenix. Avison Young Principals, Julie Johnson and […]
News Release: Montecito Medical Acquires Massachusetts Medical Office Building
Montecito Medical Acquires Flagship Medical Office Building of Beth Israel Deaconess July 24, 2018 Nashville, Tenn. — Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired the Beth Israel Deaconess medical office building in Plymouth, Massachusetts. The 30,803 square-foot building is located adjacent to the 155-bed Beth Israel Deaconess Plymouth Hospital […]
News Release: HFF announces second Hartford Healthcare-anchored (Moody’s A2) medical office building sale in central Connecticut
Holliday Fenoglio Fowler, L.P. (HFF) announces the $5.5 million sale of 440 New Britain Avenue, a 27,685-square-foot medical office building in the central Connecticut community of Plainville. The HFF team marketed the property on behalf of the seller, Tomasso Brothers, Inc. and procured the buyer, Atkins Companies. The transaction follows Physician Realty Trust’s 2017 $30 […]
News Release: Welltower Reports Second Quarter 2018 Results
Toledo, Ohio, July 27, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced results for the quarter ended June 30, 2018. For the quarter, we generated net income attributable to common stockholders of $0.41 per share, FFO attributable to common stockholders of $1.02 per share and normalized FFO attributable to common stockholders of $1.00 per share. Quarterly Highlights Closed the acquisition of QCP and […]
News Release: Cushman & Wakefield Negotiates $11.5M Sale of Hollywood Medical Office Building
Hollywood, FL, July 27, 2018— Cushman & Wakefield has negotiated the sale of the Hollywood Medical Office Building, a ±57,815-square-foot facility on the campus of Memorial Regional Hospital South in Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Greg Miller, Dominic Montazemi, Miguel Alcivar and Jason Hochman along with office leasing expert Donna Korn negotiated the sale on behalf of Miami-based SF Partners. A private […]