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Transactions: A big purchase, a big sale in Southern California for Meridian

Transactions: A big purchase, a big sale in Southern California for Meridian

In Beverly Hills, firm/JV partner pay $81.5M for MOB; in Santa Ana, firm sells MOB for $29.9M By John B. Mugford Early October has been a busy time for Walnut Creek-based Meridian, which is well known in the healthcare real estate (HRE) sector for adding value to medical office buildings (MOBs) it acquires. In separate […]

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Transactions: Patience pays off for Anchor in its most-recent MOB purchase

Transactions: Patience pays off for Anchor in its most-recent MOB purchase

Firm acquires a fully occupied, 129,000 s.f. MOB in Las Vegas; total investment will be $45M By John B. Mugford It looks as if patience is not only a virtue in life but also in the highly competitive medical office building (MOB) acquisitions arena as well. On the surface, Media, Pa.-based Anchor Health Properties’ recent […]

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Transactions: The year’s largest MOB deal is likely to close in Q4

DOC to acquire 15 MOBs in eight states for $764.3M; sources indicate Landmark is the seller By John B. Mugford In what healthcare real estate (HRE) sector sources say will likely end up as the biggest — by dollar value — medical office building (MOB) portfolio sale of 2021, Milwaukee-based Physicians Realty Trust Inc. (NYSE: […]

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Companies & People: Rendina and Artemis find a fit

Companies & People: Rendina and Artemis find a fit

Richard M. Rendina and Kevin Nishimura provide an inside look at their new JV By John B. Mugford Back in 2013, the executive leadership team at Rendina Healthcare Real Estate (HRE), a well-known, long-term and successful HRE development firm, went through the process of seeking a potential institutional equity partner for making acquisitions and developing […]

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Companies & People: After selling its data centers, Sila is now fully focused on HRE

Companies & People: After selling its data centers, Sila is now fully focused on HRE

CIO Jon Sajeski discusses the REIT’s past and where it’s now headed By Connie M. McCaffrey Jon C. Sajeski has been a well-known, respected presence in the healthcare real estate (HRE) sector for many years. He’s been serving as the chief investment officer of healthcare for Tampa, Fla.-based Sila Realty Trust Inc., formerly known as […]

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Tag Birge

Companies & People: How Cornerstone and KKR connected

A Q&A with Cornerstone Companies’ Tag Birge and KKR’s Peter Sundheim By John B. Mugford Call it a classic case of a marriage made in healthcare real estate (HRE) heaven, one that the sector is seeing more and more of these days. One of the parties is a global investment firm and one of the […]

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Companies & People: Five questions with Chris Lashmet and Eric Lee

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 […]

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MedProperties Group encountered several unexpected issues during the development of the three-story, 58,647 square foot Mercy Medical Commons II, adjacent to the Dignity Health Mercy Gilbert Medical Center in the Phoenix suburb of Gilbert, Ariz. (Photo courtesy of MedProperties Group)

Project Case Study: Difficult road, beautiful MOB

MedProperties Group overcomes multiple obstacles to deliver Mercy Medical Commons II in Gilbert, Ariz. By Erin E. Porter  The motivational speaker Zig Ziglar’s quote, “Difficult roads lead to beautiful destinations,” is one that healthcare real estate (HRE) developers might want to copy and paste in their minds as a constant reminder. After all, developing a […]

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Capital One Group shot. Photo by Andrew Collings. March 19, 2021.

Cover Story: The ‘larger-than-life’ lender

Led by the 6-foot-6 Erik Tellefson, one of the HRE sector’s best-known personalities, Capital One is by far the biggest lender in the MOB space By John B. Mugford The COVID-19 pandemic hit with a thump in early 2020, causing a bit of a pause in most business sectors, including healthcare real estate (HRE). Included […]

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May/June 2021

May/June 2021

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles)   2021 Archives 2020 Archives 2019 Archives 2018 Archives 2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content […]

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Project Case Study: An MOB success story in Texas

Project Case Study: An MOB success story in Texas

Rubicon MOB in Irving shows how HRE opportunities can grow organically By John B. Mugford  In the fall of 2020, a transaction involving a 66,605 square foot medical office building (MOB) took place for an undisclosed price and a bit under the radar in Irving, Texas, a Dallas suburb. But what might have appeared to be […]

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News Release: CBRE Completes Sale of Hospital in Golden, CO

News Release: CBRE Completes Sale of Hospital in Golden, CO

FOR IMMEDIATE RELEASE DENVER – Oct. 25, 2021 – CBRE announced the sale of the Post Acute Medical Rehabilitation Hospital of Golden to Norvin Healthcare Properties. Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger with CBRE U.S. Healthcare and Life Sciences Capital Markets represented the seller, Golden Senior Housing I Propco, LLC. Additionally, Sabrina […]

News Release: The Neenan Company Completes One, Breaks Ground on Two Community Health Centers with Yakima Valley Farm Workers Clinic

News Release: The Neenan Company Completes One, Breaks Ground on Two Community Health Centers with Yakima Valley Farm Workers Clinic

FOR IMMEDIATE RELEASE October 25, 2021 Amidst Pandemic, Projects Support YVFWC’s Growing Robust Network of Care Fort Collins, Colo. — The Neenan Company, a fully integrated design-build firm based in Colorado, and Yakima Valley Farm Workers Clinic (YVFWC) are celebrating the community health center’s three latest projects in the Pacific Northwest. The Neenan Company serves […]

News Release: Just Sold - Dry Creek Medical Office Building

News Release: Just Sold – Dry Creek Medical Office Building

CBRE CAPITAL MARKETS | HEALTHCARE & LIFE SCIENCES JUST SOLD Dry Creek Medical Office Building ENGLEWOOD, COLORADO 10/21/21 DATE SOLD 57,257 SQUARE FEET 87% LEASED CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Dry Creek Medical Office Building, located in the affluent Denver suburb of Englewood, Colorado. Chris […]

News Release: HRE Veteran, Dave Baker, Named Anchor Health Properties’ Senior Vice President of Development

News Release: HRE Veteran, Dave Baker, Named Anchor Health Properties’ Senior Vice President of Development

FOR IMMEDIATE RELEASE October 25, 2021   (Seattle, WA) Dave Baker, a 35+ year veteran in the healthcare real estate industry, has recently been named Senior Vice President of Development with Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities. Based out of Seattle, […]

News Release: IRA Capital Acquires South Florida Surgery Center

News Release: IRA Capital Acquires South Florida Surgery Center

October 22, 2021 Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of Boca Raton Outpatient Surgery & Laser Center in Boca Raton, FL (“the Property”). The Property is 100% occupied and leased to an affiliate of Surgical Care Affiliates (“SCA”) – the largest provider of outpatient surgery in the […]

News Release: J.C. Anderson Completes Build-Outs For Eight Chicago LifeStance Health Locations

News Release: J.C. Anderson Completes Build-Outs For Eight Chicago LifeStance Health Locations

FOR IMMEDIATE RELEASE: Thursday, October 21, 2021 (Elmhurst, Illinois) – J.C. Anderson is pleased to announce that the firm has completed a 36,000 square foot build-out project of eight LifeStance Health locations in Chicago. LifeStance Health is one of the nation’s largest providers of virtual and in-person outpatient mental health care for children, adolescents and […]

News Release: Savlan Capital Expands Portfolio Again With Six More Medical Office Acquisitions

News Release: Savlan Capital Expands Portfolio Again With Six More Medical Office Acquisitions

For Immediate Release The South Florida Real Estate Investment Group Purchased Six More Single-Tenant, NNN Medical Office Buildings Valued at $12.3 Million, has 16 More Under Contract, and has Executed ±17,800 Square Feet of New Health Care Leases in its Multi-Tenant Office Portfolio HOLLYWOOD, FL, October 21, 2021 — Savlan Capital continued the rapid expansion […]

News Release: CLOSED | Portfolio Debt Financing & Future Acquisition Facility

News Release: CLOSED | Portfolio Debt Financing & Future Acquisition Facility

HEALTHCARE CAPITAL MARKETS NEWMARK CLOSING ANNOUNCEMENT $125 Million Portfolio debt financing and future acquisition facility on behalf of a joint venture between Rendina Healthcare Real Estate and Artemis Real Estate Partners Nationwide SEPTEMBER 2021 The Newmark Healthcare Capital Markets Team has arranged the acquisition financing for a portfolio of six medical office buildings on behalf of Rendina Healthcare Real […]

News Release: Just Sold & Financed - Post Acute Medical Rehabilitation Hospital of Golden (Colo.)

News Release: Just Sold & Financed – Post Acute Medical Rehabilitation Hospital of Golden (Colo.)

CBRE CAPITAL MARKETS | HEALTHCARE & LIFE SCIENCES JUST SOLD & FINANCED Post Acute Medical Rehabilitation Hospital GOLDEN, COLORADO 10/20/21 DATE SOLD/FINANCED 60,000 SQUARE FEET 100% LEASED CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Post Acute Medical Rehabilitation Hospital of Golden, in Golden, Colorado. Chris Bodnar, […]

News Release: MedSouth advises client on purchase of Class A MOB at 1021 Darrington Drive, Cary, N.C.

News Release: MedSouth advises client on purchase of Class A MOB at 1021 Darrington Drive, Cary, N.C.

FOR IMMEDIATE RELEASE – October 2021 Charlotte, NC – MedSouth Management, LLC (MedSouth), acting as the Exclusive Buyer Representative for a private client conducting a 1031 Exchange, is pleased to announce that they advised their client on a successful purchase of a Class A medical office building located at 1021 Darrington Dr , Cary, NC […]

News Release: Newmark Arranges Financing for 29-Building Healthcare Portfolio

News Release: Newmark Arranges Financing for 29-Building Healthcare Portfolio

Newmark’s Healthcare Capital Markets Group Worked in Partnership with its Debt and Structured Finance Practice to Advise and Procure the Financing New York, NY (October 20, 2021) — Newmark announces that it has arranged financing totaling approximately $220,000,000 for a portfolio of 29 healthcare properties on behalf of an affiliate of The Inland Real Estate […]

News Release: Mason Taylor, Chris Cassata and Karoline Eigel Join Cushman & Wakefield in Chicago to Lead Agency Leasing

News Release: Mason Taylor, Chris Cassata and Karoline Eigel Join Cushman & Wakefield in Chicago to Lead Agency Leasing

For Immediate Release Engel to Focus on Growing Chicago Healthcare Advisory Practice CHICAGO, October 20, 2021 – Cushman & Wakefield announced today that Mason Taylor, Chris Cassata and Karoline Eigel have joined the firm to lead its Chicago Agency Leasing efforts. Taylor joins as Executive Managing Director; Cassata joins as Managing Director; and Eigel joins […]

News Release: UC Davis Health expands care for patients in Folsom (Calif.)

News Release: UC Davis Health expands care for patients in Folsom (Calif.)

October 20, 2021 New facilities and a proposed new community represent university’s commitment to promoting healthy aging in the region (SACRAMENTO) UC Davis Health announced plans today for a large-scale expansion of health services in Folsom, with new medical facilities and high-tech housing. UC Davis Health has purchased a 34.5-acre parcel, at the intersection of […]

News Release: MedProperties Realty Advisors hires Tressa Shiplett as Senior Director of Asset Management

News Release: MedProperties Realty Advisors hires Tressa Shiplett as Senior Director of Asset Management

FOR IMMEDIATE RELEASE The executive brings to the firm 20 years of healthcare real estate experience, including recently overseeing more than 5 million square feet of medical properties in 12 states DALLAS, Oct. 20, 2021 – MedProperties Realty Advisors LLC has hired veteran healthcare real estate (HRE) professional Tressa Shiplett as Senior Director of Asset […]

News Release: $42.5M sale leaseback of medical office building in Seattle completed

News Release: $42.5M sale leaseback of medical office building in Seattle completed

JLL Capital Markets in partnership with Spectrum Development Solutions led sales efforts for 700 Broadway, which has MOB or life sciences development potential SEATTLE – Oct. 20, 2021 – JLL Capital Markets announced today that it has closed the $42.5 million sale of 700 Broadway, a 39,115-square-foot medical office building in Seattle, Washington. JLL and […]