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Feature Story: Outpatient HRE development dipped 9.7% in 2020

Feature Story: Outpatient HRE development dipped 9.7% in 2020

But Revista’s annual survey found that activity was still relatively strong with the remaining By John B. Mugford It looks as if the COVID-19 pandemic might have reached its tentacles into the outpatient development sector in 2020, as the amount of square footage started or completed during the year fell by about 9.7 percent from […]

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Transactions: Anchor Health Properties has a big week of acquisitions

Transactions: Anchor Health Properties has a big week of acquisitions

HRE investor, developer acquired four properties in early April totaling 237,379 square feet By John B. Mugford For any medical office building (MOB) investor, there are bound to lulls in acquisition activity. Such lulls, if you will, can be attributed to any number of factors, including not finding properties to an investor’s liking or its […]

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BOSTON ARCHITECTURAL PHOTOGRAPHER

Transactions: ‘Trophy’ Boston MOB sells for $916 PSF

German investor acquires 147 Milk Street for $47.95 million in an ‘ultra-core’ deal By John B. Mugford For the third time in as many weeks, HREI™ is reporting a significant, single-asset sale in the medical office building (MOB) market, as a 52,337 square foot property in Boston traded for $47.95 million, or $916 per square […]

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Transactions: Harrison Street acquires campus-adjacent MOB for $53.6M

Transactions: Harrison Street acquires campus-adjacent MOB for $53.6M

The 75,000 square foot facility is next to the Palomar Medical Center in Escondido, Calif. By John B. Mugford As we noted last week in HREI, there seems to a bit of a dearth when it comes to pricier medical office building (MOB) deals so far in 2021. However, just as we reported on March […]

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Feature Story: HRE execs foresee a big year for MOBs

Feature Story: HRE execs foresee a big year for MOBs

The pandemic put an even brighter spotlight on the product type, Revista panel says By John B. Mugford For the past several years, professionals involved in the medical office building (MOB) sector have been saying that, aside from an economic downturn or total transformation of the healthcare system, there is just one thing that could […]

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Transactions: The final tally: $11.04 billion in MOB sales

Transactions: The final tally: $11.04 billion in MOB sales

Revista confirms that total volume topped $11 billion for the fifth straight year in 2020 By John B. Mugford In late January, Arnold, Md.-based Revista, a research firm focused on providing a wide variety of healthcare real estate (HRE) data to its subscribers, reported that medical office building (MOB) sales had “preliminarily” totaled $10.2 billion […]

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Feature Story: MOB space still steady, Revista says

Feature Story: MOB space still steady, Revista says

Sales (which topped $10 billion), construction, occupancy remain strong By John B. Mugford This might be considered a somewhat boring news lead: Most of the statistics used to reflect the state of the medical office building (MOB) sector, including occupancy, construction completions and starts, absorption of new space, the sales volume and pricing, remained steady […]

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January/February 2021

January/February 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)   2020 Archives 2019 Archives 2018 Archives 2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this […]

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Feature Story: Sanders and Starr were a winning combination

Feature Story: Sanders and Starr were a winning combination

HREI’s 2020 Lifetime Achievement Award co-winners built The Sanders Trust into one of the HRE’s sector longstanding, respected firms By John B. Mugford Early in his career in commercial real estate, Rance Sanders came up with what seemed to be a great idea for a new business. At least he thought so. “I told my […]

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Feature Story: Mark Toothacre named top exec

Feature Story: Mark Toothacre named top exec

PMB president proud of building firm’s reputation and long-term relationships By Connie M. McCaffrey Those who know PMB President Mark D. Toothacre describe a visionary but humble and mentoring leader who is quick to share opportunities and recognition with others. That selflessness – along with an enviable track record – has earned Mr. Toothacre the […]

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For Sale: Newmark Boston | I-95 Medical Office Portfolio | 575K SF Anchored by Lifespan (R.I. and Mass.)

For Sale: Newmark Boston | I-95 Medical Office Portfolio | 575K SF Anchored by Lifespan (R.I. and Mass.)

I-95 MEDICAL PORTFOLIO ANCHORED BY LIFESPAN Rhode Island & Massachusetts SQUARE FEET: 573,554 LEASED: 93% CREDIT HOSPITAL TENANCY: 62% WALT 4.4 Years ANCHOR TENANT: Lifespan The Miriam Hospital Robert E. Griffin, Jr. Co-Head U.S. Capital Markets (617) 863.8611 robert.griffin@ngkf.com Michael Greeley Senior Managing Director (617) 223.1623 mgreeley@ngkf.com Frank Nelson Executive Managing Director (617) 863.8617 fnelson@ngkf.com Newmark Healthcare […]

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News Release: Investor purchases MOB near Texas Medical Center in Houston

JLL Capital Markets led sales and financing efforts for Bellaire Medical Plaza; continues to see demand for well-located medical office properties HOUSTON – Apr. 21, 2021 – JLL Capital Markets announced today that it has closed the sale and arranged financing for Bellaire Medical Plaza, a 58,517-square-foot medical office building near the Texas Medical Center […]

News Release: Orthopedic-anchored MOB trades in northwest Atlanta

News Release: Orthopedic-anchored MOB trades in northwest Atlanta

JLL Capital Markets led sales efforts for Georgia Bone & Joint, sees continued investor interest in healthcare sector CHARLOTTE – April 21, 2021 – JLL Capital Markets announced today that it has closed the sale of Georgia Bone & Joint MOB, a 55,355-square-foot medical office building in the northwest Atlanta metro community of Cartersville, Georgia. […]

News Release: $31,200,000 Medical Office Building Sale (Fort Myers, Fla.)

News Release: $31,200,000 Medical Office Building Sale (Fort Myers, Fla.)

Fairfield Advisors announces sale of Medical Office Building Portfolio in Fort Myers, Florida – $31,200,000 Transaction – (Denver, CO. ) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Physicians Primary Care Medical Office Building portfolio. The Medical Office Buildings are located in Cape Coral […]

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News Release: Anchor Health Properties Grows Footprint in Dominant Tennessee Medical Corridor with 106,969 Square Foot Acquisition

FOR IMMEDIATE RELEASE April 19, 2021 (Media, PA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, has recently closed on the acquisition of two Class A clinical medical office buildings totaling 106,969 square foot portfolio located in the Wolf River / Germantown […]

Steve Thomes

News Release: Blueprint Healthcare Real Estate Advisors Expands into Medical Office

For Immediate Release CHICAGO, April 15, 2021 – Named the most active advisor in the seniors housing and care space for four consecutive years, Blueprint Healthcare Real Estate Advisors (Blueprint) today announced it is expanding its platform into medical office brokerage. The new offering also brings the addition of medical office veterans Eric Lee and […]

Thought Leaders: (Re)tailoring Care (Avison Young)

Thought Leaders: (Re)tailoring Care (Avison Young)

The consumerization of care will drive healthcare real estate for the next decade The healthcare industry was thrown into turmoil by the COVID-19 pandemic, which interrupted years of steady growth. While many hospitals faced seasons of overwhelming strain as they treated infected patients, demand for unrelated services (and especially non-urgent care) plummeted as consumers postponed […]

For Sale: On-Campus Medical Office Portfolio in Central Denver

For Sale: On-Campus Medical Office Portfolio in Central Denver

CBRE Rare Value-Add Opportunity Entire Campus Medical Office Building Portfolio Anchored by Investment Grade Credit Health System DENVER. COLORADO L PORTER MEDICAL PLAZA Porter Adventist Medical Office Building Portfolio Porter Medical Plaza I Harvard Park East MOB I Harvard Park West MOB Offering Overview OFFERING PRICE: Best Offer PROPERTIES: 3 TOTAL SIZE: 253,984 RSF LOCATION: On-Campus PERCENT LEASED: 73% WALT: 3.8 […]

Thought Leaders: New Report - Institutional Investors Focused on Medical Office (Colliers)

Thought Leaders: New Report – Institutional Investors Focused on Medical Office (Colliers)

Colliers | Sacramento April 14, 2021 Medical office sales volume held up well in 2020 Office investment is starting to show signs of life, and some recent West Coast deals offered glimmers of a return to strong capital flows. Key Takeaways: • Medical office sales volume held up well in 2020, far better than office […]

News Release: Anchor Health Properties Acquires 81,236 Square Foot Class A Commercial Office Building Primed for Medical Office Conversion (San Diego)

News Release: Anchor Health Properties Acquires 81,236 Square Foot Class A Commercial Office Building Primed for Medical Office Conversion (San Diego)

FOR IMMEDIATE RELEASE April 15, 2021 (San Diego, CA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, recently acquired an 81,236 square foot Class A commercial office building in the Mission Valley submarket of downtown San Diego, California. The asset, strategically located […]

News Release: Just Closed - Medical Office Sale-Leaseback (North Las Vegas, Nev.)

News Release: Just Closed – Medical Office Sale-Leaseback (North Las Vegas, Nev.)

JUST CLOSED BY INVESTMENT SERVICES GROUP 3930 W. Ann Road | North Las Vegas, NV 89131 Represented Buyer in 1031 Exchange Triple Net Sale-Leaseback Regional Women’s Healthcare Provider Buyer Represented By: Cathy Jones, CPA, SIOR, CCIM CEO 702-968-7320 CathyJ@suncommercialre.com NV Lic # B.0056010.CORP Paul Miachika Executive Vice President 602-814-0661 PaulM@suncommercialre.com NV Lic # S.0184612 Alexandria […]

Thought Leaders: 2021 U.S. Medical Office Trends: Resilience Amid Historic Change (CBRE)

Thought Leaders: 2021 U.S. Medical Office Trends: Resilience Amid Historic Change (CBRE)

The U.S. health care industry and medical office market were impacted by the COVID-19 pandemic in 2020. Despite the downturn, health care employment rebounded much more rapidly than the broader job market, and medical office buildings were more insulated from the sharp declines in demand for most other property types. • Health care employment fell […]

News Release: Thomas Park Investments Enters Philadelphia Market with Havertown Acquisition

News Release: Thomas Park Investments Enters Philadelphia Market with Havertown Acquisition

Maryland-based healthcare real estate firm purchases Towne West Professional Center April 14, 2021 12:30 PM Eastern Daylight Time ANNAPOLIS, Md.–(BUSINESS WIRE)–Thomas Park Investments (TPI) acquired its first Philadelphia-area medical office building with the purchase of Towne West Professional Center at 1120 Township Line Road in Havertown, Penn. “Well-established medical buildings like Towne West Professional Center […]

News Release: On-campus Laguna Hills (Calif.) MOB trades for $31.335M

News Release: On-campus Laguna Hills (Calif.) MOB trades for $31.335M

JLL Capital Markets led sales efforts for The Laguna, located in the supply-constrained Laguna Hills market SAN DIEGO – Apr. 14, 2021 – JLL Capital Markets announced today that it has closed the $31.335 million sale of The Laguna, a 57,573-square-foot, medical office building in Laguna Hills, California. JLL represented the seller, Meridian, in arranging […]

News Release: CIT Serves as Sole Lead Arranger on $15.9 Million Financing for Medical Office Buildings (Littleton, Colo.)

News Release: CIT Serves as Sole Lead Arranger on $15.9 Million Financing for Medical Office Buildings (Littleton, Colo.)

NEW YORK — April 14, 2021 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $15.9 million financing for two medical office buildings in Littleton, Colorado. The buildings, known as Arapahoe Medical Plaza I and II, are located on the campus of Littleton Adventist […]