Transactions: Commercial complex outside of Los Angeles sells, includes strong medical component
ARCADIA, Calif. – City of Industry, Calif.-based JLJ (USA) Investment LLC recently acquired a 156,046 square foot retail, restaurant and office complex in Arcadia, near Los Angeles, for $62.1 million.
Transactions: St. Paul, Minn.-based HealthEast system acquires MOBs on two of its suburban campuses
ST. PAUL, Minn. – St. Paul-based HealthEast, which operates four hospitals in St. Paul and its suburbs, recently acquired two MOBs on suburban campuses from Minot, N.D.-based Investors Real Estate Trust (NYSE: IRET).
Transactions: Health system in East San Gabriel Valley of California buys MOB on one of its campuses
WEST COVINA, Calif. – Covina, Calif.-based Citrus Valley Health Partners (CVHP), which has three hospitals in the East San Gabriel Valley, recently acquired an MOB on the campus of its Queen of the Valley Hospital in West Covina, about 20 miles east of Los Angeles.
Transactions: High-profile, large MOB in San Francisco part of Regency Centers’ REIT deal
SAN FRANCISCO – When Regency Centers Corp. (NYSE: REG) closed in early March on its $5 billion acquisition of Equity One Inc. (NYSE: EQY), more than 120 properties changed hands.
News Release: Hammond Hanlon Camp LLC Advises Health Systems on over $2 Billion of Financing Transactions in 2016
CHICAGO — March 23, 2017 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive financial advisor on $2.2 billion of financing transactions in 2016 for a distinguished group of clients, the second consecutive year in which the firm has advised on debt issues with an aggregate par value […]
News Release: Capital One Closes $30.5 Million Loan for Acquisition of Michigan Medical Office Building
Bethesda, Md. (March 22, 2017) – Capital One announced today that it served as the administrative agent for a $30.5 million loan for the acquisition of a 107,000-square-foot, medical office building in Grand Rapids, Mich. The principal is Carter Validus Mission Critical REIT II, which was formed in 2013 to invest in high-quality data centers and […]
News Release: Easterly Government Properties Announces Agreement to Acquire the Nation’s Second Largest Department of Veterans Affairs Outpatient Clinic Located in Loma Linda, California
~ Largest Easterly Acquisition to Date ~ ~ Completed in 2016 and 100% Leased to the VA through May 2036 ~ March 21, 2017 04:01 PM Eastern Daylight Time WASHINGTON–(BUSINESS WIRE)–Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial […]
News Release: Easterly Government Properties Announces Agreement to Acquire and Complete the Development of the 86,363 SF Department of Veterans Affairs Outpatient Clinic in South Bend, Indiana
March 21, 2017 04:01 PM Eastern Daylight Time WASHINGTON–(BUSINESS WIRE)–Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has agreed to acquire and complete the development of the Department […]
News Release: Griffin-American Healthcare REIT IV Acquires Class A Medical Office Building in Reno, Nevada
NEWS PROVIDED BY American Healthcare Investors, LLC Mar 17, 2017, 15:00 ET RENO, Nev., March 17, 2017 /PRNewswire/ — 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 Reno Medical Office Building (commonly known as Saint Mary’s Center for Health), an […]
Thought Leaders: HH2C Q4 MOB Report: Large Portfolio Activity Drives 2016 Transaction Volume
Hammond Hanlon Camp LLC Fourth Quarter Medical Office Building Report: Large Portfolio Activity Drives 2016 Transaction Volume posted on March 14, 2017 NEW YORK — Investor appetite remained strong for medical office buildings in 2016 with a total of $8.5 billion in reported transaction volume. It was a year marked by large portfolio sales, fueled by institutional capital. […]
News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building in Battle Creek, MI
NEWS PROVIDED BY American Healthcare Investors, LLC Mar 13, 2017, 16:30 ET BATTLE CREEK, Mich., March 13, 2017 /PRNewswire/ — 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 Battle Creek Medical Office Building, an approximately 46,000-square-foot property located on 7.34 acres […]
News Release: HFF Sold: Gresham Station Medical Plaza In Portland, Oregon
Announcing the closing of Gresham Station Medical Plaza, Portland, Ore. Adventist Health-anchored value-add medical office building in the bustling Portland MSA Closed: February 2017 Sale Price: $23.5 million Size: 100,419 square feet Major Tenants: Adventist Health, Providence Health &Services, DaVita Broker: HFF Healthcare Capital Markets
Transactions: MOB sales strong in Q4 2016
Bolstered by a big portfolio sale, quarter’s MOB volume hit $3.33 billion By John B. Mugford Commercial real estate brokers are known to say that sales of medical office buildings (MOBs), as well as other types of commercial real estate, typically pick up in the final quarter of most years. That was certainly the case […]
Transactions: Welcome back, TopMed team
Former ProMed Properties executives make first acquisition as new company By John B. Mugford For a time, between 2006 to 2012, New York-based ProMed Properties was a significant owner of medical office and healthcare properties up and down the East Coast. During that half dozen years or so, ProMed, a subsidiary of Tel Aviv, Israel-based […]
Transactions: LaSalle acquires 150,000 s.f. MOB
Price was $81.8 million for repurposed former retail store in Cherry Hill, N.J. By John B. Mugford When Bethesda, Md.-based Finmarc Management Inc. acquired a vacant Syms department store building on an 11-acre in a heavily trafficked area of Cherry Hill, N.J., for $4.75 million in 2013, it had a number of options for transforming […]
