Transactions: Evergreen buys seven Raleigh, N.C., medical assets
Highwoods Properties sold the portfolio for $62.5 million; JLL was the broker By Murray W. Wolf RALEIGH, N.C. – Highwoods Properties Inc. (NYSE: HIW) announced last Thursday, April 4, that it has sold eight Raleigh-area properties – including seven medical buildings – for a total of $79.4 million. The medical outpatient buildings (MOBs), plus one […]
Transactions: Remedy buys Rochester, N.Y., area MOB for $43 million
Broadstone Net Lease sold the 119,983 s.f. facility in the suburb of Greece, N.Y. By Murray W. Wolf GREECE, N.Y. – An affiliate of Chicago-based Remedy Medical Properties has acquired a four-story, 119,983 square foot MOB in the Rochester, N.Y., suburb of Greece from Broadstone Net Lease (NYSE: BNL) for $43 million. That’s according to […]
News Release: Medical Properties Trust Completes $350 Million Sale of Facilities to Prime Healthcare
BIRMINGHAM, Ala.–(BUSINESS WIRE)–Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it completed its previously announced sale of five facilities in California and New Jersey to Prime Healthcare (“Prime”) for aggregate consideration of $350 million. The total consideration consists of $250 million paid in immediate cash and a $100 million interest-bearing […]
News Release: JLL Capital Markets arranged the sale and financing for an eight-building medical property portfolio in Raleigh, North Carolina
JLL Capital Markets represented Highwoods in the sale of the non-core assets April 05, 2024 CAROLINAS, Apr. 5, 2024 – JLL Capital Markets announced today that it arranged the sale of eight buildings totaling 338,000 square feet across from UNC-REX Hospital in the West Raleigh submarket to two separate buyers. One buyer purchased seven of the […]
News Release: Cambridge Savings Bank Supports the Expansion of Fair Haven Community Health Care with Loans Totaling Over $26 Million
Financing will support development of a comprehensive health clinic set to serve an additional 20,000 patients, increasing Fair Haven CHC’s capacity by 45 percent April 04, 2024 10:08 AM Eastern Daylight Time CAMBRIDGE, Mass.–(BUSINESS WIRE)–Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that […]
News Release: Montecito Continues Fast Pace in Q1 Medical Office Acquisitions with 11 MOB Deals
April 04, 2024 08:00 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, continued its fast pace during the first quarter of 2024. Some of the company’s latest acquisitions included properties tenanted by market-leading providers ranging from the Mountain West to the eastern seaboard: Springfield Clinic / Peoria, […]
News Release: Woodside Health Announces Sale of Medical Office Park
CLEVELAND, OH (April 3, 2024) – Woodside Health, an Ohio based private equity firm specializing in healthcare real estate, has completed the sale of a large medical office park located in the Cleveland MSA. The 218,000 square foot portfolio consists of 19 buildings across three submarkets. Tenants include hospital systems plus a number of high […]
News Release: Tenet Completes Sale of Six Hospitals in California
April 1, 2024 DALLAS–(BUSINESS WIRE)– Tenet Healthcare Corporation (NYSE: THC) today announced that it has completed the sale of six hospitals and related operations in California consistent with previously disclosed terms. Tenet completed the sale of its four Orange County and Los Angeles County hospitals and related operations to UCI Health – consistent with the […]
News Release: UCLA Health acquires West Hills Hospital and Medical Center
March 29, 2024 UCLA Health has acquired the 260-bed West Hills Hospital and Medical Center and related assets from HCA Healthcare. The transaction, which was finalized on March 28, will help address hospital inpatient capacity needs, allowing UCLA Health to provide world-class care to more patients across the region. The hospital has been renamed UCLA […]
News Release: Hospital acquisitions met with celebration, excitement
Ribbon-cutting ceremony at UCI Health ― Fountain Valley marks historic moment March 28, 2024 IN THE NEWS: This week, UCI Health celebrated the acquisition of four medical centers and their associated outpatient locations. The purchase will enable Orange County’s only academic health system to build on its commitment to improve health in communities by expanding […]
News Release: Montecito acquires Wisconsin portfolio
Montecito acquires medical office portfolio in Milwaukee area Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two buildings in the Milwaukee suburb of Germantown, Wisconsin. The two adjacent properties, which encompass a total of 92,573 square feet, are 100% occupied by Advocate Aurora Health. “We are excited to acquire these two […]
News Release: Maple Grove Executive Plaza sells in Minneapolis-St Paul Metro
Transwestern Brokers $8M Sale of the Medical Office Building (MAR. 19, 2024 – MINNEAPOLIS) – Transwestern Real Estate Services (TRS) announces the sale of Maple Grove Executive Plaza to an entity linked to MSP Commercial, a real estate firm focused on developing, acquiring and managing healthcare properties in the Twin Cities. The asset, located at […]
News Release: Avison Young closes $9M sale of 25,482-SF office building in Weston, Florida
For Immediate Release Tuesday, March 12, 2024 Sale closes at peak pricing of $353-per-square-foot despite challenging office market conditions Weston, Fla. – Avison Young’s Florida Capital Markets Group completed the $9 million sale of a three-story, ±25,482-square-foot, multi-tenant office building at 1040 Weston Road in Weston, Florida. The $353-per-square-foot transaction far surpassed the current $225-per-square-foot […]
News Release: Montecito Medical Acquires Two More Women’s Health Properties in Minnesota
March 12th 2024 Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two buildings in Minnesota that are home to a leading provider of women’s health services in the Twin Cities area. The two buildings, which encompass a total of 13,100 square feet, are located in the suburban communities of Maplewood and […]
News Release: Sendero Capital and TPG Angelo Gordon complete the acquisition of a multi-specialty healthcare facility in Warwick, Rhode Island
JLL Capital Markets advised on the purchase of 227 Centerville Rd. in Warwick, RI, the fifth acquisition in Sendero Capital and TPG Angelo Gordon’s programmatic joint venture. BOSTON, Mar. 11, 2024 – JLL Capital Markets announced today that it advised Sendero Capital and TPG Angelo Gordon on the acquisition of 227 Centerville Rd., a 30,000-square-foot […]
