News Release: Carter Validus acquires Select Medical Rehabilitation Facility for about $63.6 million
Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”) announced its acquisition of the Select Medical Rehabilitation Facility for approximately $63.6 million PROPERTY FEATURES AND HIGHLIGHTS: Three-story rehabilitation building located in Marlton, New Jersey built in 1995 89,000 total rentable square feet 100% net leased to Kessler Institute for Rehabilitation, Inc. (“Kessler”), a subsidiary […]
News Release: Healthcare Real Estate Capital advises Harrison Street on $21 million North Carolina MOB sale
Transaction Overview Healthcare Real Estate Capital (“HRE Capital”) was selected as the exclusive financial advisor to Harrison Street Real Estate Capital LLC (“HSRE”) related to the disposition of a 57,580 square foot medical office building known as CMC Mint Hill Medical Plaza (“Asset”), which is located in Mint Hill, North Carolina. The Asset is 100% […]
News Release: Just Closed – Chino Hills Professional Plaza MOB
The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of Chino Hills Professional Plaza MOB (the “Property”) in Chino Hills, California. Chris Bodnar and Lee Asher of the CBRE U.S. Healthcare Capital Markets Group acted as the Seller’s exclusive advisors. The Property is located in one of the most affluent markets in Southern California. Built […]
News Release: HFF closes sale of best-in-class medical office facility near Dallas’ Medical City Dallas Hospital
SAN DIEGO, CA – December 8, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Coit Medical Center, a 32,201-square-foot medical office building in Dallas, Texas. HFF marketed the property on behalf of the seller, Mohr Capital, LLC, and procured the buyer, Anchor Health Properties. Completed in 2009, […]
News Release: Just Sold – UCLA-MPTF Toluca Lake Health Center
CBRE ANNOUNCES SALE OF ONE OF THE LARGEST SINGLE-TENANT MEDICAL BUILDING IN BURBANK, CA Los Angeles – Dec. 7, 2016 – CBRE Group, Inc. announced the sale of one of the largest off-campus single-tenant medical buildings in Burbank, California to Worchell Hollywood Properties for approximately $14.3 million. CBRE’s Bryan Lewitt, Chris Isola, Chris Bodnar and […]
News Release: Capital One Closes $21.2 Million Loan to Finance Texas Medical Office Building
FOR IMMEDIATE RELEASE Bethesda, Md. (December 6, 2016) – Capital One announced today that it provided a $21.2 million first mortgage to a joint venture formed by Harrison Street Real Estate Partners and Pisula Development Company. The funds were used to purchase Imperial Medical Center, a 128,000-square-foot medical office building in Sugar Land, Texas, a suburb […]
News Release: JUST SOLD – Beaumont Medical Center – Rochester Hills, Michigan
Chicago, Illinois, November 28th, 2016 – Brown Gibbons Lang | Real Estate Partners (“BGLREP”), a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the sale of Beaumont Medical Center – Rochester Hills, located in Rochester Hills, Michigan. Christopher Stai and Clinton Parker, Managing Directors of BGLREP’s National Healthcare Real Estate Practice, […]
News Release: JUST SOLD – Two MOBs totaling 57,000 square feet, located in Pennsylvania
Chicago, Illinois, November 28th, 2016 – Brown Gibbons Lang | Real Estate Partners (“BGLREP”), a division of Brown Gibbons Lang & Company (“BGL”), is pleased to announce the sale of two (2) medical office buildings, totaling 57,000 square feet, located in Wyomissing, Pennsylvania and Pottsville, Pennsylvania. Christopher Stai and Clinton Parker, Managing Directors of BGLREP’s […]
Transactions: MOB sales declined a bit during Q3
Quarter sees lowest sales volume in nine quarters, but market remains strong By John B. Mugford For the first time in nine quarters, medical office building (MOB) sales failed to top $2 billion, even though the third quarter (Q3) 2016 was still quite strong from a historical perspective. With sales for Q3 totaling $1.7 billion, […]
Transactions: MBRE makes big buy from Welltower
Firm acquired seven MOBs for $80.3 million in one of Q3’s largest transactions By Murray W. Wolf In a major Q3 deal that only recently came to light, Chicago-based MB Real Estate (MBRE) acquired a seven-building, 365,986 square foot medical office building (MOB) portfolio from Welltower Inc. (NYSE: HCN) for a total of $80.3 million. […]
Transactions: Starwood set to acquire record-setting MOB portfolio
Newcomer to MOB space to pay $837.9 million for 38 buildings from NorthStar By John B. Mugford The medical office building (MOB) sector is about as hot as it can get, as myriad investors of varying sizes and capital sources are clamoring to enter the space. One such investor that appears to have found an […]
Transactions: Hammes Partners lands MOB in Twin Cities suburb for $15.3 million, or $216 PSF
ROSEVILLE, Minn. – Milwaukee-based Hammes Partners, an investment affiliate of the Hammes Company, recently acquired the Twin Lakes Health building at 1835 County Road C W. in Roseville, a Twin Cities suburb, from Minneapolis-based Ryan Cos. Hammes, whose Hammes Partners II LP fund is closed to investors after raising $430 million of capital commitments, paid $15.3 […]
News Release: Just closed: Hock Plaza II & Duke Fertility Center in Durham, North Carolina
The transaction involved the investment sale of Hock Plaza II and Duke Fertility Center in Durham, North Carolina. Deal highlights Property type: Medical office Sale date: November 8, 2016 Square feet: 98,324 r.s.f. Purchase price: $34,750,000 Occupancy: 100% The JLL Healthcare Capital Markets Group is pleased to announce the sale of Hock Plaza II and […]
News Release: Meridian Sells Dialysis Clinic in Palmdale, Calif. for $6.97 Million, 5.0% Cap Rate
SAN RAMON, CALIF. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 13,750-square-foot dialysis clinic in Palmdale, Calif. The purchase price was $6.97 million, representing a cap rate of 5.0%. This is the second dialysis clinic that Meridian has […]
News Release: NorthStar Realty Finance Announces Third Quarter 2016 Results
NorthStar Realty Finance Announces Third Quarter 2016 Results NEWS PROVIDED BY NorthStar Realty Finance Corp. Nov 08, 2016, 07:00 ET SHARE THIS ARTICLE NEW YORK, Nov. 8, 2016 /PRNewswire/ — Third Quarter 2016 Highlights U.S. GAAP net (loss) to common stockholders of ($100.4) million, or ($0.56) per diluted share and cash available for distribution (“CAD”) […]
