Transactions: More HRE Transactions
MedSouth Healthcare Properties LLC and Sterling Fox Group LLC, both of Charlotte, N.C., recently made a JV acquisition of an MOB in the Medical Arts district of Greenville. The price was not disclosed for the 19,500 square foot, two-story facility across the street from Vidant Medical Center, the main acute care hospital for Greenville-based Vidant […]
Outpatient Projects: Ryan Cos. USA Inc. plans MOBs in suburban Minneapolis, Milwaukee
MAPLE GROVE, Minn., and DELAFIELD, Wis. – The Maple Grove City Council voted unanimously April 7 to approve plans for the 41,800 square foot Grove Health West MOB. The developer, Minneapolis-based Ryan Cos. US Inc., says the facility is 52 percent pre-leased to tenants that include Twin Cities Orthopedics (TCO), a Golden Valley-based medical practice that bills […]
News Release: Griffin-American Healthcare REIT II Reports First Quarter 2014 Results
Completed $105 Million in Acquisitions, Grows Portfolio to $2.9 Billion Based on Purchase Price Funds From Operations Grows 115 Percent; Modified Funds From Operations Up 94 Percent Net Operating Income Increases 88 Percent; Net Income Up 83 Percent IRVINE, Calif. (May 20, 2014) – Griffin-American Healthcare REIT II, Inc. today announced operating results for the […]
News Release: MedSouth Healthcare Properties, LLC purchases Medical Arts Plaza in Greenville, NC.
Greenville, NC – MedSouth Healthcare Properties, LLC (MedSouth) and Sterling Fox Group, LLC are pleased to announce a joint venture sale leaseback acquisition of a Class A medical office located in the heart of the Medical Arts district of Greenville, North Carolina. The property is located across the street from Vidant Medical Center which serves […]
News Release: Downey: Medical Building Trades at $11.3 Million
$11.3 Million Medical Building Sold by Marcus & Millichap DOWNEY, Calif., May 15, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the Brookshire Medical Building, a 56,121-square-foot medical building located in the southeast Los Angeles County […]
News Release: SNL Real Estate: Griffin-American REIT II’s Portfolio Captures REIT Attention
On May 6, The Wall Street Journal reported California-based Griffin-American Healthcare REIT II Inc. is the target of four bidders, representing a deal that could value the nontraded REIT at approximately $3.66 billion. If accepted, one of the following four companies the Journal named could expand its portfolio with 279 health care buildings: Ventas Inc., […]
News Release: Griffin-American Healthcare REIT III Meets Minimum Offering, Enters Agreements to Acquire Three Atlanta Medical Office Buildings
Executive stock purchase plans commence ATLANTA (May 14, 2014) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced today that the REIT reached its minimum offering of $2 million in subscriptions on May 12. As a result, all initial subscribers have been admitted as stockholders of Griffin-American […]
News Release: Meridian Property Company Welcomes Newest Tenant, Petaluma Health Center in Rohnert Park, Calif.
SAN RAMON, CALIF. – Meridian Property Company, a full service real estate developer and owner of medical real estate, is pleased to welcome its newest tenant, Petaluma Health Center, to the medical office building in Rohnert Park, Calif., located at 5900 State Farm Drive. Petaluma Health Center will occupy the entire second floor of the […]
News Release: Texas Center for Athletes Changes Hands
Transwestern Represented Seller, Was Retained by Buyer for Leasing and Management (MAY 6, 2014 – SAN ANTONIO) – Transwestern’s San Antonio office today announces it completed the sale of Texas Center for Athletes on behalf of Sports SA Holdings LP. The 128,347-square-foot, state-of-the-art medical office building in San Antonio’s South Texas Medical Center was 98 […]
News Release: Carter Validus Mission Critical REIT, Inc. Exceeds $1 Billion in Investment Assets
May 2, 2014, Carter Validus Mission Critical REIT, Inc. (“CVMC REIT”) announced that it acquired Walnut Hill Medical Center (“Walnut Hill”) in Dallas, TX for $99.4 million and Cypress Pointe Surgical Hospital (“Cypress Pointe”) in Hammond, LA for approximately $25 million. With these acquisitions, CVMC REIT’s portfolio of mission critical real estate assets now exceeds […]
Transactions: Another value-add MOB for N.Y. firm
Benedict Group plans to convert 47% occupied building to all medical space By John B. Mugford Fresh off successfully filling a large amount space in its first medical office acquisition, a Great Neck, N.Y.-based real estate firm is ready to take on another value-add project. The firm, Benedict Realty Group (BRG), recently acquired
Transactions: Meridian acquires value-add MOB
Sonoma County, Calif., building provides ‘rare” opportunity for medical tenants By John B. Mugford San Ramon, Calif.-based Meridian Property Co., a commercial real estate firm that focuses mostly on healthcare, recently closed escrow on the purchase of a value-add, 69,000 square foot MOB in Rohnert Park, Calif., about 50 miles north of San Francisco […]
Transactions: Griffin-American REIT II acquires MOB in Carson City, NV for $19.5M or $264 PSF
CARSON CITY, Nev. – With the largest hospital in the area as a major tenant, the off-campus, outpatient Eagle Medical Center in Carson City is a major medical destination on one of the city’s most-traveled thoroughfares. Newport Beach, Calif.-based Griffin-American Healthcare REIT II recently acquired the 73,975 square foot MOB at 2874 N. Carson St., […]
Hot Property: Portfolio hits the market in Indiana
Offering has six buildings, 170,000 square feet and a AA-rated system tenant Name: Northwest Indiana MOB Portfolio Cities: Munster, Schererville, Dyer and Hammond, Ind. Number of buildings: 6 Total square feet: 170,000 Occupancy: More than 90 percent Seller: Undisclosed Major tenant: Franciscan Alliance Lead brokers: Erik Foster, Mike Wilson Broker: Avison Young, Chicago office
Outpatient Projects: More Outpatient Projects
HSA PrimeCare announced in March that it has completed the 15,200 square foot Hawthorn Surgery Center at 240 Center Drive in Vernon Hills, Ill., a northern Chicago suburb. The tenant, Hawthorn Surgery Center, selected HSA PrimeCare as its development partner in 2012. HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real […]
