News Release: Just Sold: Foster City Medical Pavilion
Just Closed: Foster City Medical Pavilion The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Foster City Medical Pavilion (the “Property”) in Foster City, California. Chris Bodnar and Lee Asher of the CBRE U.S. Healthcare Capital Markets Group partnered with Seth McKinnon and Scott Prosser in the Northern California market to act […]
Thought Leaders: Colliers International Releases 2017 Health Care Marketplace Report
Despite Record Occupancy, Areas of Uncertainty Remain for Health Care Overall, 2016 was a year of expansion for health care real estate in the United States. The national vacancy rate for medical office buildings (MOB) hit an all-time low. Net absorption of MOB space was the highest since 2008 while average rents grew. Investment activity—while down slightly from 2015—remained strong […]
News Release: Global Medical REIT Inc. Provides Acquisition Update
Press Release Company Release – 2/1/2017 8:30 AM ET Company Announces Two Completed Acquisitions and Five Executed Purchase Contracts for an Aggregate of $103.5 million BETHESDA, Md.–(BUSINESS WIRE)– Global Medical REIT Inc. (NYSE:GMRE) (the “Company” or “GMR”), a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities […]
News Release: Capital One closes $534.9M loan to finance Starwood Property Trust MOB portfolio acquisition
FOR IMMEDIATE RELEASE Capital One Closes $534.9 Million Loan to Finance Acquisition of Medical Office Building Portfolio Bethesda, Md. (January 30, 2017) – Capital One announced today that it served as lead arranger and bookrunner for a $534.9 million loan used to acquire a portfolio of 34 medical office buildings—one of the largest medical office building […]
News Release: Marcus & Millichap arranges the sale of a 14,527 square foot net-leased medical property
FOR IMMEDIATE RELEASE Contact: Richard A. Bird First Vice President/District Manager, Denver (303) 328-2000 INDIANAPOLIS, IN, February 1, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 14,527-square foot net-leased plasma collection facility located in Indianapolis, […]
News Release: TopMed Realty acquires medical office, retail and public garage components of 680 North Lake Shore Drive
TopMed Realty forms joint venture with Golub & Company in the medical and university corridor of downtown Chicago’s Streeterville neighborhood TopMed Realty is pleased to announce the acquisition of the commercial component of 680 North Lake Shore Drive (“680”), representing 493,064 square feet of commercial space, as well as 331 public garage parking spaces. Golub & Company, which […]
Transactions: Connecticut MOB saw high demand Physicians Realty Trust acquires outpatient cancer care facility for $30.25 million
Physicians Realty Trust acquires outpatient cancer care facility for $30.25 million By John B. Mugford At 95 percent occupied and sitting on the outpatient campus of a prestigious cancer institute in the Northeast, the two-year-old Medical Arts Center at The Hartford HealthCare Cancer Institute in Plainville, Conn., looked to be a lock to attract strong […]
Transactions: Benedict adds to medical portfolio
Most recent $60 million buy brings firm’s total to more than 600,000 square feet By John B. Mugford In an early fourth quarter (Q4) 2016 transaction that seemed to slip under the radar of many publications, New York-based Benedict Realty Group (BRG) closed on purchase of a $60 million, 12-building portfolio comprising mostly medical tenants […]
Transactions: MB Real Estate lands pair of MOBs near Salt Lake City for $12.6M
SALT LAKE CITY – Chicago-based MBRE Healthcare, an affiliate of MB Real Estate, acquired a two-building MOB portfolio in December in Salt Lake City and Ogden, Utah, for $12.6 million, or about $265 PSF, according to RCA.
Transactions: Griffin-American REIT III acquires pair of MOBs in Connecticut for $15.6M
NORWICH, Conn. – Irvine, Calif.-based Griffin-American Healthcare REIT III recently acquired a two-MOB portfolio with a total of 56,265 square feet in Norwich for $15.6 million, or about $277 PSF.
Transactions: Carter Validus REIT II acquires large MOB in Michigan for $43.5 million
GRAND RAPIDS, Mich. – Tampa, Fla.-based Carter Validus Mission Critical REIT II Inc. (CVMC REIT II), non-traded REIT focused on healthcare and data center facilities, recently acquired a four-story, 109,482 square foot MOB in Grand Rapids for $43.5 million, or about $400 PSF, according to data from RCA.
Transactions: Florida investor Triarch pays $21.4M for four-MOB complex north of Miami
PEMBROKE PINES, Fla. – A local real estate investor, Aventura, Fla.-based Triarch Capital, in December 2016 acquired the 91,955 square foot Pembroke Pines Medical outpatient campus for $21.4 million, or about $232 PSF.
Transactions: $35.5M sale in Encino, Calif.
In more news from the healthcare practice with HFF, Los Angeles-based SRG Properties in the fourth quarter (Q4) 2016 acquired Encino Corporate Plaza, a 126,275 square foot MOB, for $35.5 million, or $281 PSF.
Transactions: Carter Validus REIT II pays Welltower $63.6M for rehab facility in Greater Philly
MARLTON, N.J. – In more news from Carter Validus Mission Critical REIT II, the company announced that in December 2016 it acquired the 89,000 square foot Select Medical Rehabilitation Facility in Marlton, N.J., outside of Philadelphia, for about $63.6 million.
Transactions: HTA Inc. acquires MOB for $22 million in Brockton, Mass., south of Boston
BROCKTON, Mass. – Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA) in December 2016 acquired a 45,075 square foot MOB in Brockton for $22 million, or $489 PSF, according to RCA data.
