Thought Leaders: 2021 Medical Office Property Sales at Unprecedented Level
Medical office sales volume totaled $19.6 billion in 2021 — demonstrative evidence of the acceleration in investor appetite during the global pandemic for this stable, income-producing real estate investment class. JLL Healthcare Capital Markets February 2022 JLL Research reports medical office sales totaled nearly $20 billion in 2021, reaching an all-time high. Total Medical Office […]
News Release: Diversified Healthcare Trust Announces $703 Million Joint Venture for 10 Properties in Its Office Portfolio Segment
DHC to Receive Cash Proceeds of Approximately $653 Million and Retain a 20% Equity Interest in the Joint Venture Selling 80% Joint Venture Equity Interest at a 4.98% Capitalization Rate and Expected Gain on Sale of Approximately $320 Million January 31, 2022 07:00 AM Eastern Standard Time NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today […]
News Release: Seavest and Nuveen partner in $1 Billion medical office transaction
Seavest Healthcare Properties and Nuveen Real Estate concluded the transaction in December 2021, which included a recapitalization of a portion of Seavest’s medical office portfolio NEW YORK, N.Y. and WHITE PLAINS, N.Y., Jan. 26, 2022 – Seavest Healthcare Properties, LLC, the New York City and White Plains based healthcare real estate investment management firm, a division […]
News Release: Retail/Medical Property in North Denver Sells for $10.25 Million
For Immediate Release Cushman & Wakefield Advises Sale of Wilmore Center Retail/Medical Property in North Denver for $10.25 Million Wheat Ridge, Colorado asset received many offers DENVER, Colo, – December 22, 2021 – Cushman & Wakefield has brokered the sale of Wilmore Center, a 52,743-square-foot mixed-use retail and medical property located at 7615 & 7777 […]
News Release: UC San Diego Breaks Ground on Revitalization of Hillcrest Campus
Project includes a 250,000-square-foot outpatient pavilion, adding more health care services to the region and addressing growing demand for specialized diagnostic, treatment and surgical services 17-Dec-2021 4:45 PM EST, by University of California San Diego Health Contact Patient Services A celebratory groundbreaking event today marks the beginning of a comprehensive revitalization project of UC San […]
November/December 2021 PDF
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News Release: Landmark Land Holdings Sells 11-Acre Site to City of Alexandria’s Industrial Development Agency
IDA signs 99-year lease with INOVA for new Alexandria hospital NEWS PROVIDED BY The Howard Hughes Corporation Nov 23, 2021, 08:41 ET POTOMAC, Md., Nov. 23, 2021 /PRNewswire/ — Landmark Land Holdings, LLC—a joint venture that includes Foulger-Pratt, The Howard Hughes Corporation® (NYSE: HHC) and Seritage Growth Properties (NYSE: SRG)—today announced the successful sale of an […]
Thought Leaders: Q3 2021 Net Lease Medical Report Released
The Net Lease Medical Report Q3 2021 Net Lease Medical Report Released The Boulder Group releases its 3rd Quarter 2021 Net Lease Medical Report. The report provides comprehensive numbers and analysis of the net lease medical property market. HIGHLIGHTS OF THE REPORT INCLUDE: Overall cap rate for net lease medical properties decreased by 55 basis points from the third quarter of […]
News Release: 2021 HREI Insights Awards Finalists announced
9th annual awards recognize excellence in HRE development and leadership MINNEAPOLIS – HREI is pleased to announce the finalists of the 2021 HREI Insights Awards, the first and only national awards dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership. The awards are presented by Minnetonka-based HREI, the nation’s first […]
News Release: Montecito Medical Acquires Medical Office Building in Arlington, Texas
FOR IMMEDIATE RELEASE November 3, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of the Park Place Medical Center property in Arlington, Texas. The building, which opened earlier in 2021, offers just over 12,500 rentable square feet of space and is 100% leased […]
News Release: Clark Breaks Ground on UCSF’s New Clinical Building in Mission Bay
Thu, September 23, 2021, 10:00 AM SAN FRANCISCO, Sept. 23, 2021 /PRNewswire/ — Clark Construction Group announced that it has broken ground on the University of California, San Francisco (UCSF)’s new clinical facility at its Mission Bay campus in San Francisco. The five-story clinical building will include an ambulatory surgery center with 14 operating rooms, […]
News Release: PMB breaks ground for 60,000 s.f. Emanate Health Medical Arts Building II and Parking Structure
FOR IMMEDIATE RELEASE The facility will bring a comprehensive cancer center, an ambulatory surgery center and clinical space to the master-planned Emanate Health Queen of the Valley Hospital campus WEST COVINA and SAN DIEGO, Calif., Sept. 15, 2021 – San Diego-based healthcare real estate developer PMB has been selected to develop the 60,000-square-foot Emanate Health […]
News Release: Davis announces the sale of the fully occupied Dean Lakes Health building in Shakopee, Minn.
The medical office building in the growing, affluent area is anchored by Allina Health and also houses Edina Eye Physicians & Surgeons and Caravel Autism MINNEAPOLIS and SHAKOPEE, Minn., Sept. 2, 2021 – Minneapolis-based Davis announced today that it advised the owner on the recent sale of the 19,124-square-foot Dean Lakes Health building in the […]
Companies & People: Five questions with Chris Lashmet and Eric Lee
The pair is leading the new MOB arm of longtime seniors housing brokerage firm Blueprint By Erin E. Porter Chris Lashmet and Eric Lee had already cut their teeth in the healthcare real estate (HRE) sector at Chicago-based Ventas Inc. (NYSE: VTR), one of the largest and most sophisticated institutional HRE investors, when they made […]
Life Sciences: City Office REIT Announces Agreements to Sell Life Science Portfolio for $576 Million
NEWS PROVIDED BY City Office REIT, Inc. Aug 20, 2021, 16:42 ET VANCOUVER, Aug. 20, 2021 /PRNewswire/ — City Office REIT, Inc. (NYSE: CIO) (“City Office” or the “Company”) announced today that it has entered into definitive agreements to sell all of its holdings in the Sorrento Mesa submarket of San Diego for $576 million. The […]
