TULSA, OKLA. — Tulsa-based Stan Johnson Co. has arranged the $57 million sale of a Gateway Academy portfolio located throughout Colorado, North Carolina and South Carolina. The portfolio includes 21 s
JLL recruits health care brokerage team from CBRE
BRAINTREE, MASS. — NKF Capital Markets has orchestrated the sale of Blue Hills Medical Center in Braintree for $11.5 million. Braintree is 13 miles south of Boston. Located at 340 Wood Road, the 48,61
The assets include a 132-bed skilled nursing facility in Garland, and a 132-bed skilled nursing facility in Fort Worth.
Located at 436 W. Central Ave., the medical facility offers a 24-hour emergency department, featuring two spacious trauma bays and seven private exam rooms.
CareTrust REIT Inc. has paid $41.6 million for five skilled-nursing facilities with 422 beds in Michigan. The San Clemente, Calif., company bought the...
SOUTHLAKE, TEXAS — Marcus & Millichap has negotiated the sale of a 10,750-square-foot healthcare asset located in Southlake, a northern suburb of Fort Worth. The property is net-leased to Healthcare A
Montefiore Health Systems is expanding its presence at Simone Healthcare Development’s Hutchinson Metro Center in the Bronx, adding a total of 96,500 square feet of office and medical space. The expan
PEORIA, ARIZ. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Plaza Del Rio, a 128-bed skilled nursing and long-term acute care facility in the Phoenix suburb of Peoria.
The 561-bed Optima Portfolio comprises three skilled nursing assets in the New York City area. The acquisition loan was funded through HUD.
Construction of the new nine-story tower at Texas Health Harris Methodist Hospital Fort Worth is expected to be complete by late 2021.
FORT MYERS, FLA. — Skanska USA has unveiled renovation and expansion plans for Gulf Coast Medical Center, a hospital in the Southwest Florida city of Fort Myers. The $229 million expansion will add th
Montefiore Medical Center’s larger health care system has expanded its footprint in the northeast Bronx by nearly 100,000 square feet. Montefiore H
Once the expansion is complete the Gulf Coast Medical Center’s bed capacity will increase from 356 to 624.
The 48-bed Rosewood Specialty Care sits across the street from Rosewood Park, a retirement and assisted living community. Both properties are operated by Frontier Management.
If the project is approved Medline would retain its current 300-member workforce and likely add between 200 to 300 workers in the future.
SHERWOOD, ARK. — Denver-based NexCore Group has broken ground on a 42,133-square-foot research and education facility for CHI St. Vincent, an Arkansas-based regional healthcare provider, in the Little
STERLING, ILL. — American Street Capital (ASC) has secured a $5.8 million loan for the refinancing of Sterling Healthcare, a 121-bed skilled nursing facility in northwest Illinois. Services at the pro
Capital Healthcare Investments, a wholly owned subsidiary of MTGE Investment Corp., acquired The Retreat at Sunbrook (pictured) last year. The assisted living community is located in St. George, Utah.
Houston area healthcare providers are expanding their presence in League City, the fast growing suburb.
LEAGUE CITY, TEXAS — MD Anderson is nearing completion of its $97 million clinical cancer center at the University of Texas Medical Branch (UTMB) League City campus in the greater Houston area. Comple
DALLAS — Alabama-based general contractor Brasfield & Gorrie has completed Medical City Women’s Hospital Dallas, a $125 million healthcare project that was developed within the 801-bed Medical City Da
American Street Capital (“ASC”) has secured $5.8 in permanent financing for a 121-bed skilled nursing facility in Sterling, Illinois. The loan was originated by Igor Zhizhin, the President of ASC.
Global Medical REIT Inc. completed the acquisition of the Belpre Medical Office Portfolio in Belpre, OH for an aggregate purchase price of $64.2 million.
Mount Sinai Health System has reunited with a Hell's Kitchen building it sold in 2015. The hospital network bought back 432 West 58th Street, an 11-s
Quality Care Properties has also entered into an agreement with ProMedica Health System for it to acquire HCR ManorCare when it completes its Chapter 11
Marietta Memorial Hospital—a division of the Memorial Health System, a Fitch BB-rated health structure—currently leases four assets.
NAI Isaac negotiated a deal to bring Hopebridge, a provider of autism services, to the Lexington Business Center in Lexington, Kentucky.
JOLIET, MORRIS AND NEW LENOX, ILL. — Avison Young has brokered the sale of a four-building, 74,422-square-foot medical office portfolio in suburban Chicago. The sales price was not disclosed. The prop
Built in 2016, the two-story facility houses a 24,563-square-foot accredited ambulatory surgery center with five operating rooms and 20 prep and recovery rooms.
New York-Presbyterian has completed construction of its $1.1 billion David H. Koch Center, a 740,000-square-foot ambulatory care facility on York Avenue in Manhattan. Following today's ribbon-cutting
Avison Young has negotiated the sale of a four building, 74,442-square-foot medical office portfolio in Chicago’s suburbs to Community Healthcare Trust, a REIT based in Brentwood, TN. The sales price
Fletcher Drive Medical Center in Elgin, IL, which formerly housed 10 medical office condominiums individually owned by various physician groups, has traded to California-based private equity real esta
EDWARDSVILLE, ILL. — Blueprint Healthcare Real Estate Advisors has brokered the sale of University Nursing and Rehabilitation Center and Edwardsville Nursing and Rehabilitation, both located in Edward
Anchor Health Properties formed a joint venture with a Morgan Stanley Real Estate Investing advised fund to acquire three East Coast Class A medical office buildings.
LOS ANGELES — A&G Realty Partners has launched a new division focused on increasing the productivity of U.S. healthcare providers’ real estate holdings. Peter Lynch, a Los Angeles-based principal, wil
Nazareth Living Care Center in El Paso features private suites, a transitional suite, fast-track recovery services and a therapy gym.
CHICAGO — The Boulder Group has arranged the sale of a single-tenant property, net leased to Fresenius Medical Care in Chicago, for $4.4 million. The 9,396-square-foot building is located at 9924 S. V
PRAIRIE DU SAC, WIS. — American Healthcare Investors and Griffin Capital Co. LLC, the co-sponsors of Griffin-American Healthcare REIT IV Inc., have acquired the Sauk Prairie medical office building in
Eight fully leased condominium units totaling 40,027 square feet within a Class A medical office building in Rancho Mirage, CA have traded hands. HFF marketed the institutional-quality core medical of
Healthcare systems want to be near patients’ homes and workplaces in dense urban markets which can require creativity says Meridian CEO John Pollock in
Healthcare has come to be viewed as a safe investment and capital previously invested in other asset types is now available to healthcare developers GlobeSt.com
Genesis HealthCare, a Pennsylvania-headquartered post-acute care provider, entered into a definitive agreement to sell 23 skilled nursing facilities in Texas to Regency REIT LLC, which is headquartere
Atlanta-based Invesco Real Estate and Dallas-based Caddis formed a strategic joint venture. Invesco made a significant equity commitment for investment in future MOB acquisitions through a joint ventu
HPA Realty, Inc. acquired roughly 195,000 square feet of industrial and medical office space within Brea Imperial Centre for $47.3 million.
The Sweden-based company signed a contract with the University of South Florida to build the Morsani College of Medicine and Heart Institute tower.
Colliers Houston Represents Houston Methodist in 12,715 square foot of medical office leases at Tuscan Lakes Retail / Professional Building
Hospital and health systems across the United States own roughly $1 trillion worth of real estate, yet these assets are often overlooked and underutilized, according to a new report from CBRE titled “
HOUSTON — United General Hospital has signed a 44,569-square-foot medical office lease within the Texas Medical Center in Houston. The healthcare provider will operate out of 7501 Fannin, a 195,000-sq
Built in two phases between 1996 and 1999, the 90-employee facility comprises a CT scanner and a fully digital radiology department.
LOS ANGELES — iBorrow, a private direct lender for commercial and multifamily real estate, has provided a $6 million loan for Golden Cross Health Care, a skilled nursing facility in the Pasadena subma
LEHIGH VALLEY, PA. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 180-bed skilled nursing facility located in the Lehigh Valley region of eastern Pennsylvania. A regional owner
SALEM, ORE. — Montecito Medical Real Estate has purchased WVP-The Doctors’ Clinic medical office building in Salem for an undisclosed sum. Constructed between 1996 and 1999, the 34,554-square-foot bui
Resurgens Center East is an almost fully occupied medical facility specializing in the areas of sports medicine, trauma care and orthopedic surgery.
LAS VEGAS — Spring Hills Senior Communities has announced plans for Poet’s Walk Summerlin memory care community in the northwest submarket of Las Vegas. The community will feature 72 beds. The project
Seavest Healthcare Properties LLC and Trammell Crow. Co. have completed the Children’s Hospital of San Antonio Health Pavilion-Stone Oak. Meanwhile, operator CHRISTUS Santa Rosa Health System has open
Washington Property Company (WPC) commenced construction on the $21-million Stone Ridge Medical Center, a new 67,000 square foot state-of-the-art medical office building in Dulles, VA.
City of Hope and Five Point Holdings, LLC formalized a collaboration to build a $200-million cancer center in Irvine, CA.
John Pollock of Meridian discussed elder care and healthcare trends that are more pronounced in the Bay Area due to landbuilding scarcity and rising costs
Stone Ridge Medical Center in Dulles, Va., is currently preleased to Virginia Pediatric Group, Jackson Clinics and Royal Care Pharmacy.
MISSION HILLS, CALIF. — Commercial Asset Group has arranged the acquisition of a medical office building located at 11155-11166 Sepulveda Blvd. in Mission Hills. Porter Ranch, Calif.-based San Fernand
$542M San Fernando Valley Hospital, Medical Facility Expansion Approved
The $542-million expansion of a Tarzana, CA hospital and medical facility has been approved by a Los Angeles planning committee. Providence Tarzana Medical Center plans to commence construction later
Dreien Opportunity Partners intends to convert the site of the former Parkland Memorial hospital campus into a mixed-use development.
Rancho Santa Margarita, CA-based Cypress West Partners acquired Redhawk Medical Plaza, a 32,471-square-foot, two-story medical office property located at 44274 George Cushman Court in Temecula, CA.
SPARKS, NEV. — Radiant Senior Living has acquired Arbors Memory Care, a seniors housing community in the Reno suburb of Sparks. The seller was the independent owner-operator of Arbors. The price was n
Archway Properties is busy developing a 65,550-square-foot, three-story medical office building for Vital Heart & Vein. The building, which is scheduled to open in fall 2018, is in the 111-acre Park A
Denver-based NexCore Group broke ground on the new CHI Health Valley View Clinic in Council Bluffs, IA, a suburb 10 miles east of Omaha.
Oxford Nursing Home was unable to get the necessary approvals to move to Red Hook and is now looking for state approval to move to East New York inste
Since 2008 Community Healthcare Associates has successfully revitalized and constructed new healthcare facilities in both New Jersey and New York.
COUNCIL BLUFFS, IOWA — NexCore Group, a national healthcare real estate developer, has begun construction of the new CHI Health Valley View Clinic in Council Bluffs near Omaha, Neb. The 37,800-square-
OU Medical Center, located in Oklahoma City, is a 350-bed hospital with a Level I Trauma Center. (Photo courtesy of OU Medicine website)
NEW YORK CITY — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $63 million bridge-to-HUD loan for a skilled nursing facility and two adult day
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MARIETTA, GA. — Marcus & Millichap has brokered the $3.5 million sale of an 11,370-square-foot property leased to CVS/pharmacy in Marietta. The property is located at 3051 Sandy Plains Road, roughly 2
CBRE expanded its Healthcare team with the addition of Dan Henry who joins as vice president. He will be part of Lars Eisenhauer’s group in San Diego.
The University of Kansas Health System is now the single tenant at 11300 Corporate Avenue, a 172,000-square-foot office space building in Lenexa, Kan.
The 36-bedroom medical facility will be constructed on a 9-acre site and is slated for completion in spring 2019.
NEW CANAAN, CONN. — Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group has provided a $35 million Freddie Mac refinancing for Brightview on New Canaan. The 90-unit seniors
Denver-based NexCore Group expanded its leadership team with the addition of Tom Kelly. The 15-year commercial real estate executive joined the healthcare development firm team as Vice President, Real
YEADON, PA. — Tryko Partners has acquired ManorCare Health Services at Mercy Fitzgerald Hospital, a 52,000-square-foot skilled nursing facility at 600 S. Wycombe Ave. in Yeadon, a suburb of Philadelph
Healthcare receivable accountants PFS Group LLC opted to remain in its current digs at 2600 N. Loop West in Houston. As a result, the company renewed its 54,891-square-foot lease, striking the deal wi
Outpatient healthcare development projects totaling more than 34 million square feet were started or completed in 2017, a decline of 4.6% compared to the previous year, according to a new report from
CRYSTAL CITY, MO. — McCarthy Building Cos. Inc. has completed a three-story, 120,000-square-foot patient building on the campus of Mercy Hospital Jefferson in Crystal City, 35 miles south of St. Louis
The facility will be located at The Reserve at Grand Parkway, providing comprehensive rehabilitative services and around-the-clock registered nursing care to stroke patients.
Hudson Yards and Mount Sinai Health System are partnering on an 18,000-square-foot health center at 55 Hudson Yards, a 1.3-million-square foot office tower. Set to open in early 2019, the center is in
WellCare Health Plans, Inc. is staying put in Tampa. The healthcare company renewed a 380,000-square-foot lease to retain its headquarters at 8725 Henderson Road and three nearby satellite offices thr
The nearly $17 million three-story mixed-income apartment community introduces a residential element i.e. health and education centers among green spaces
SAN DIEGO — MBRE Healthcare has acquired Excel Centre, an 83,213-square-foot medical office building in San Diego, for $37.1 million. The building is located at 17140 Bernardo Center.
Cushman & Wakefield represented ShopCore Properties in the disposition of the 83,213-square-foot property, which is part of the larger Park Terrace, a walkable mixed-used development.
PITTSFIELD, MASS. – Lancaster Pollard has arranged an $11.9 million HUD refinancing for Berkshire Place, a 54-unit skilled nursing facility in the western Massachusetts city of Pittsfield. The borrowe
Sentara Healthcare plans to commence a multi-year, $93.5-million construction project to build a cancer center on the campus of Sentara Leigh Hospital in Norfolk, VA.
Chicago-based MBRE Healthcare acquired Excel Centre, an 83,213-square-foot medical office building in San Diego’s Rancho Bernardo community for $37.1 million.
New York-based VestraCare has acquired James Square Health and Rehabilitation Center, a 440-bed skilled nursing facility in Syracuse, NY. The facility has been renamed Bishop Rehabilitation and Nursin
Located within Sagewood’s Acacia Health Center, the assisted living expansion will be available to those currently in the community as well as new residents.
Presence Health’s 10 hospitals across Illinois are now part of Ascension, the world’s largest Catholic healthcare system. The facilities will be operated through AMITA Health, a joint venture of Ascen
Tenet Healthcare Corp. sold four minority interests in Baylor Scott & White Hospitals, disposed of a Chicago hospital, and received $550 million in the process. The activities are part of the Dallas c
Christus Mother Frances Hospital-Tyler announced a $9.9-million expansion of its neonatal intensive care and labor and delivery units. Construction is anticipated to begin in mid-June 2018, with compl
OAK CREEK, WIS. — Froedtert Hospital & the Medical College of Wisconsin’s Drexel Town Square Health Center has opened in Oak Creek, about 12 miles south of Milwaukee. Developed by HSA PrimeCare, the h
CBRE expanded its healthcare team with the addition of Angie Weber and Dana Nialis. The healthcare real estate experts, who are coming over from Colliers International, will be based in Glendale, CA a
Invesque Inc. acquired three memory care properties in the Dallas-Fort Worth area. The Toronto-headquartered buyer struck the $21.5 million deal with LaSalle Group of Irving, TX for the 114-unit Grand
LITCHFIELD PARK, ARIZ. — Blueprint Healthcare Real Estate Advisors has arranged the sale of Hacienda Del Rey, a 90-unit assisted living and memory care community in the Phoenix suburb of Litchfield Pa
FORT WORTH, TEXAS — Metroplex Medical Centre will open a primary care medical facility within the Sundance Square retail and dining development in downtown Fort Worth. The healthcare provider will ope
ST. LOUIS — McGrath & Associates has completed a renovation of the Missouri Baptist Medical Heart Center in St. Louis. The renovations totaled 16,000 square feet and included two physician office suit
Aurora Health Care plans to build a $130 million medical complex in Pleasant Prairie, Wis., near I-94 in the Kenosha area.
A nursing home in Queens is moving from a nonprofit to a for-profit provider for $41 million in the wake of a Medicaid fraud scandal. Bronx-based C
The $63-million Alton and Lydia Lim Center for Science, Technology and Health at Biola University in La Mirada, CA is now complete. The 91,200-square-foot educational center will serve the institution
A new era of scientific advancement is emerging at St. Jude Children's Research Hospital in Memphis, TN with the development of a $412-million advanced research center.
BGLREP’s National Healthcare Real Estate Group acted as the seller’s sole representative. Combined, the properties encompass 33,700 square feet.
The $400 million replacement for aging Lake Forest Hospital will open March 3 as a private-room-only facility in the far north Chicago suburb..
Wilsonville, OR-headquartered Avamere Family of Cos. announced its intention to build, and open a continuing care retirement complex (CCRC) in St. George, UT. The project, unlike similar types, won’t
Albertsons Cos., one of the nation's largest grocery retailers, and drugstore chain Rite Aid Corp. (NYSE:RAD) announced a definitive merger agreement under which privately held Albertsons will acquire
Houston-area developer BD Beaumont Venture Ltd. sold a recently delivered MedExpress Urgent Care Center to an out-of-state buyer. The 5,622-square-foot asset, situated on 0.8 acres at 3565 College St.
OAK CREEK, WIS. — Meridian Design Build has completed construction of a 48,200-square-foot warehouse expansion for GE Healthcare in Oak Creek, about 15 miles south of Milwaukee. The facility now total
SYRACUSE, N.Y. — Arbor Realty Trust has funded a $41.6 million bridge loan for the acquisition of James Square Health and Rehabilitation Center, a skilled nursing facility located in Syracuse. Alexand
Situated in San Antonio’s Medical Center district, Mesa Vista Inn Healthcare Center is a 50,528-square-foot, 144-bed skilled nursing facility.
A partnership between G.H. Anderson & Co. and The Gipson Co. sold a 48,588-square-foot medical office building located in Atlanta’s Buckhead Business District.
A doctor who leads the Institute for Family Health has unloaded his landmarked Union Square property for $39.5 million.
WILSONVILLE, ORE. — The Avamere Family of Companies, a Wilsonville-based operator, has taken over management of five Colony NorthStar Healthcare Income-owned assisted living communities in Oregon and
HUMBLE, TEXAS — Dallas-based healthcare investment firm Caddis has acquired Atascocita Medical Center, a 30,906-square-foot medical center located in the northern Houston metro of Humble. The property
Nursing home operator SentosaCare has sold its four-story building in Little Neck to an assisted living company for $25.3 million, according to proper
California Northstate University College of Pharmacy, a pharmacy college dedicated to educating, developing and training individuals to provide competent, patient-centered care, acquired the nearly 59
Two healthcare companies recently leased 5,485 square feet of space at 119 W. 57th St., an office building in Midtown Manhattan. The 16-story, 112,000-square-foot building has a broad base of tenants,
Healthcare-related development is booming. According to Dodge Research & Analytics, construction on healthcare facilities climbed 29% in December 2017 over the previous year, driven by some very large
Kayne Anderson Real Estate sold the 144-bed Mesa Vista Inn Healthcare Center. The post-acute, skilled nursing facility near San Antonio’s Medical Center District went to O&M Investments LLC. David Fas
Gino Lollio and Scott Niedergang have joined Cushman & Wakefield’s National Healthcare Capital Markets Group within Cushman & Wakefield’s Healthcare Advisory Group. With titles of managing director, t
NASHVILLE, TENN. — Nashville-based Oman-Gibson Associates (OGA) has completed the conversion of a former bowling alley into a 27,500-square-foot outpatient dialysis clinic for Vanderbilt Health. The f
WOODBURN, ORE. — Lancaster Pollard has arranged an $8.8 million HUD refinancing for Heartwood Memory Care Community in Woodburn.
MEDFORD, ORE. — Contemporary Healthcare Capital has arranged a $2.8 million mezzanine loan to affiliates of Sapphire Health Services.
The next retail segment to be hit by ecommerce challenges in pharmaceutical brick-and-mortar which is expected to decrease this year.
NEW BEDFORD, MASS. — An entity operated by Charterhouse Development Corp. has purchased a retail property located at 2100 Acushnet Ave. in New Bedford. HRES Acushnet sold the property for $1.9 million
The overall investment in the asset amounted to more than $5 million, including transaction expenses. Evans Senior Investments arranged the deal.
CORVALIS, ORE. — Contemporary Healthcare Capital (CHC) has arranged a $1.2 million mezzanine loan to refinance a 32-unit memory care community in Corvalis, approximately 80 miles south of Portland.
BUTTE, MONT. — Evans Senior Investments (ESI) has arranged the sale of Copper Ridge Health & Rehab Center, a 98-bed skilled nursing facility in Butte, for $5.7 million.
Acting on behalf of Norvin Healthcare Properties, the real estate services provider secured two loans for the acquisition of the Pin Oak Park medical and office campus in Bellaire, Texas.
New York-based Norvin Healthcare Properties acquired the five-building Pin Oak Portfolio in Houston’s Bellaire suburb from a partnership between Investcorp and Griffin Partners.
Commercial Real Estate Direct Staff Report Artemis Real Estate Partners has raised $475 million of equity commitments for a fund that would pursue deb...
CCH Healthcare Partners and Rendina Healthcare Real Estate broke ground on a nearly 72,000-square-foot medical office building (MOB) that will be attached to the new North Alabama Medical Center (NAMC
IRVINE, CALIF. — Michael McKee, executive chairman of Irvine-based healthcare REIT HCP Inc. (NYSE: HCP), has announced he plans to retire on March 1.
One of The Abraaj Group's funds is being audited after four investors, including Bill Gates, are questioning why the Dubai-based private equity firm h
IRVING, TEXAS — MYCON General Contractors has broken ground on a 58,485-square-foot medical office building in Irving. The property will be leased to healthcare operator Baylor Scott & White and featu
Brooklyn Hospital has leased close to half of the hotel union’s new medical and office building at 620 Fulton Street in Downtown Brooklyn.
Brooklyn Hospital is moving up the block to a 70,000-square-foot space at a newly-constructed building in Fort Greene. The hospital signed a 10-yea
Apple debuted a new feature to its Health app that allows people to see their medical records on their iPhone. The feature, dubbed Health Records, is part of a beta program the company is conducting w
Gerald Quattlebaum joined Flagship Healthcare Properties LLC as a senior vice president of acquisitions. He is responsible for overseeing the Charlotte, N.C-based company’s acquisition group. Quattleb
Providers are under pressure to cut costs and boost efficiency and most need new facilities near their patients.
Maywood, IL-based Loyola Medicine is seeking to acquire MacNeal Hospital from Dallas-based Tenet Healthcare for $270 million.
ranswestern Investment Group expanded its healthcare properties division with the addition of Blake Williams, who takes on the role of Managing Director.
TOPSHAM, MAINE — Fantini & Gorga has arranged a $4.5 million loan for the acquisition of a single-tenant medical office property located in Topsham. The Central Maine Medical Center occupies the 15,00
The 159,000-square-foot building is located within Triangle 54 Office Park in North Carolina’s Research Triangle Park submarket.
University Medical Center of El Paso is planning to make use of a site that currently holds the shuttered Vagabond Inn at 4800 Gateway East Blvd. in El Paso. Specifically, UMC El Paso is planning to p
There's still three week's left before the first-ever “Hard Hats with Heart” event to benefit the American Heart Association | American Stroke Association (AHA) -- and the event has already exceeded e
This week's top healthcare real estate news
Simon Dushinsky's Rabsky Group is in contract to buy a large Fort Greene medical facility from the Brooklyn Hospital for $100 million. The medical
Columbia Property Trust is looking to sell a nearly 400,000-square-foot Midtown building entirely leased to NYU Langone Medical Center, The Real Deal
The 72,255-square-foot, Class A medical office building was completed in 2008 and purchased by the previous owners in 2014 as a value-add opportunity.
FREDERICKSBURG, VA. — Avison Young has arranged the sale of Lee’s Hill Plaza, a 72,255-square-foot medical office building located at 10401 Spotsylvania Ave. in Fredericksburg. A joint venture between
Bob Smietana, CEO of HSA Commercial Real Estate, discusses what trends are in the pipeline for the healthcare industry this year.
NEW YORK CITY — Monticello Asset Management has provided $8 million in financing for the acquisition of a 140-bed skilled nursing facility in New York City.The facility was built in 1979 and currently
BEE CAVE, TEXAS — HFF has brokered the sale of Park Manor at Bee Cave, a 140-bed acute-care skilled nursing facility in the western Austin suburb of Bee Cave. Built in 2014, the property’s location ne
New York-based Meridian Capital Group arranged $136 million in acquisition financing for a portfolio containing 10 skilled nursing facilities located throughout Ohio
FLOWER MOUND, TEXAS — Ridgeline Capital Partners has sold Prairie View Medical Plaza, a 43,119-square-foot medical office building in the Dallas-Fort Worth (DFW) metro of Flower Mound. Built in 2013,
Ra Medical Systems expanded into a new corporate headquarters in Carlsbad, CA encompassing 32,000 square feet valued at more than $4.4 million.
Dallas-headquartered Meridian Realty Advisors sold the Park Manor at Bee Cave, a 140-bed, post-acute, skilled-nursing property in Bee Cave, TX, in the Austin MSA.
New York City-based healthcare technology and research firm Flatiron Health will relocate its headquarters to One SoHo Square, agreeing to lease 108,000 square feet in the East tower at 161 Avenue of
PENNSYLVANIA — Capital Funding Group, a Baltimore-based lender, has provided a $23 million HUD loan for a 324-bed skilled nursing facility in Pennsylvania. The name and location of the facility were n
Flatiron Health, a health care technology company focused on cancer research, has signed an 108,000-square-foot lease at One Soho Square.
The U.S. life-science industry, and by extension the real estate that supports it, is being driven to strong growth by multiple factors.
Built in 2008, Medical Pavilion South is a four-story health-care facility located on the campus of Franciscan Health Dyer Hospital.
The facility—which opened its doors in November 2016—expands Ensign's portfolio of 16 skilled nursing facilities located in Texas. The acquisition is the second of four to which NHI had previously com
OKLAHOMA CITY — Inland Real Estate Acquisitions LLC has purchased the Surgical Hospital of Oklahoma, a 33,500-square-foot medical office building located at 100 SE 59th St. near downtown Oklahoma City
WAXAHACHIE, TEXAS — National Health Investors Inc., a publicly traded seniors housing and healthcare REIT, has acquired a 121-bed skilled nursing facility in the southern Dallas metro of Waxahachie fo
Flatiron Health signed a long-term lease for more than 108,000 square feet at Stellar Management and Imperium Capital’s One SoHo Square in New York.
Called Enhanced Resident Services the product encourages property owners to provide services that improve tenants’ health and wellbeing.
The ground-up development of Mission Viejo Medical Center, a fully-approved, 104,500-square-foot, Class A medical office building is moving forward on a parking field of the Simon-owned Shops at Missi
Post Acute Medical LLC announced it would relocate the PAM Specialty Hospital of Victoria North, at 102 Medical Dr. in Victoria, TX to the Citizens Medical Center.
Walgreens’ final $4.4-billion offer to buy Rite Aid and CVS Health’s $69-billion agreement to acquire Aetna were the major stories involving net…
The Sydney-based contractor will spearhead the construction of the 1 million-square-foot anchor building at Westmead Redevelopment in New South Wales. Upon completion, the 12-story facility will be th
Kennedy Medical Center in Union City, NJ, is now nearly 100%-occupied thanks to two new leases for medical office space. Asking rents at the four-story, art deco building are over $30 per square foot.
It isn’t just retail that is getting a healthcare reboot. Leslie Meril writes about the pros and cons of other asset types in this EXCLUSIVE commentary
The seniors facilities are leased to the buyer, Genesis Healthcare Inc. Under terms of the sales, Genesis’ annual rent obligations to Sabra will be reduced by $9.3 million.
BOISE — MedEquities Realty Trust has provided a $19 million acquisition and construction loan to fund the purchase and conversion of an existing long-term acute care hospital to a 72-bed inpatient psy
For the second straight year, the U.S. port city ranked No. 1 on a Top 50 Bed Bug Cities list compiled by Atlanta-based pest control services company Orkin LLC.
The facility will be an integral part of the Baylor Scott & White Medical Center Irving’s campus and is located adjacent to Baylor Scott & White’s
A quarter of the country’s total population will be in the elder years within the coming decade along with pressure to cut costs and new technologies
Texas health officials are looking at plans to replace the aged Austin State Hospital, as well as other mental health facilities throughout the Lone Star State.
Developer Archway Properties has revealed plans for its Park Air 59, a 111-acre, mixed-use development planned along U.S. 59 in Humble, TX.
MINNEAPOLIS — CBRE has arranged the sale of 25 medical office buildings owned by IRET (NYSE: IRET) to Harrison Street Real Estate Capital LLC for $367.7 million. Most of the properties are located in
The American Association of Nurse Practitioners (AANP) has broken ground on its new 33,943-square-foot national headquarters in Austin.
CASHMERE, WASH. — Senior Living Investment Brokerage has arranged the sale of Cashmere Convalescent Center, a 65-bed skilled nursing facility in Cashmere, located between Seattle and Spokane. The pric
DALLAS — Inland Real Estate Acquisitions LLC has closed the purchase of a 16,050-square-foot medical office building located at 5494 Glen Lakes Drive in Dallas. Built in 2003 and situated across from
The 101-key all-suite hotel is located within 12 miles of downtown Nashville and offers amenities including complimentary Wi-Fi and event space.
IRVINE, CALIF — Sabra Health Care REIT Inc. (NASDAQ: SBRA) has completed the previously announced sale of 20 skilled nursing facilities leased to Genesis Healthcare Inc. in Kentucky, Ohio and Indiana
Merrifield-Fairfax Medical Campus in Fairfax, Va., is home to Children’s National Health System and Pediatric Specialists of Virginia.
ELMHURST, ILL. — Inland Real Estate Acquisitions LLC has purchased the Edward-Elmhurst Health Center in Elmhurst, about 20 miles west of Chicago. The purchase price was not disclosed. The 13,000-squar
The assets are part of an original set of 35 properties marketed for sale. Sabra anticipates using the proceeds from the transaction to repay borrowings under its revolving credit facility.
Every day, homeless patients end up in emergency rooms, and hospitals are increasingly focused on creative ways to care for them while mitigating high medical costs. Their efforts range from offering
The whirlwind of mergers and acquisitions that has occurred over the past two years will continue in 2018, according to Capital One’s annual healthcare survey of companies with annual revenue of $100
The Department of Justice collected $2.4 billion in fraud and false claims settlements and judgments in fiscal year 2017, marking the eighth consecutive year recoveries in the healthcare sector exceed
The new medical office building is located at the corner of Tower and Southlake boulevards in Southlake. The facility is fully leased by United Surgical Partners Inc.
Uvalde Memorial Hospital is moving forward with a hospital replacement project in the form of a two-story, 180,000-square-foot facility.
OLATHE, KAN. — Newmark Grubb Zimmer (NGZ) has brokered the sale of an 8,400-square-foot medical office building in Olathe for an undisclosed price. The Class A building, constructed in 2006, is locate
A successful, $3.5-million renovation of the Oakland Rehabilitation and Healthcare Center, in Oakland, NJ, has earned five-star ratings.
This Week's top Healthcare Real Estate News
A summary with links to all the healthcare real estate posts from The Tenant Advisor in 2017.
And many developers believe healthcare and retail make great neighbors.
The partnership began building the project for Bausch+Lomb in March. A second phase could double the size of the new 432,000-square-foot facility.
The Clearfield Portfolio comprises two attached buildings totaling 86,377 square feet. Both structures are 100 percent leased to tenants providing urology services.
The highly specialized uses make this MOB a compelling asset for the investor with a purpose-built cancer center which offers the latest in medical and
Strained is one key word.
The three-story, 42,000-square-foot medical facility was 95 percent leased to eight medical practices on triple-net leases.
Colliers International delivers healthcare real estate services to healthcare providers and medical office building investors.
Meridian’s recent purchase of a strong, on-campus medical asset in a growing Laguna Hills market showcases the advantage of Colliers’ superior market knowledge and long-standing, solid relationships.
Panelists at RealShare Healthcare say that technology has opened the door to more out-patient procedures.
From Emergency Departments to micro-hospitals, to the amenities in and locations of hospitals, the year ahead will see continued changes in how healthcare providers are designing and equipping thei…
Montecito Medical, a premier owner of medical office properties throughout the U.S., has recently completed the acquisition of a portfolio of two, Cla
Last week's blockbuster deal in which CVS Health (NYSE: CVS) agreed to acquire Aetna Inc. (NYSE: AET) for $77 billion, including assumption of debt, has the potential not only to fundamentally alter t
Texas Pain Management Institute will occupy more than 4,000 square feet on Oakwood Medical Park’s second floor. The property was renovated in 2016.
“The renovations have created modern spaces that fit the needs of corporations and medical offices seeking to expand or relocate” says Joel Bergstein
Proto Inc. sold a single-tenant medical office building in Covina, Calif. The new manager plans to operate extensive renovation plans for the property.
Stanford Children’s Health’s pediatric hospital campus will more than double its size by adding nearly 150 beds in its latest sustainably designed building.
Systems say together they will form the 10th largest nonprofit integrated health system in the country.
The purchase of DaVita Medical Group moves UnitedHealth more into the role of doctor as it buys nearly 300 clinics across six states.
A Dallas real estate developer and investor has purchased a dozen buildings, including a project in Plano.Caddis Partners LLC said it expects to...
MINNEAPOLIS, Nov. 30, 2017 /PRNewswire/ -- IRET (NYSE: IRET) today announces that it is nearing the completion of its...
Quick internet searches would tell you that the hospital sector is closing or shrinking due to growth in the outpatient sector. Revista data, however, paints a
By expanding its range of services, CVS is giving its consumers even more reason to come to its stores, according to industry experts.
As Aetna moves forward with its proposed $69 billion merger with CVS Health, it's unclear if the insurance giant will abandon plans to relocate its he
In a move that analysts predict could disrupt the healthcare industry like Amazon’s Whole Foods Market acquisition disrupted retail, CVS Health will acquire Aetna for $69B and leverage its retail footprint to create one-stop-shop
The firm will also enter into a long-term, triple-net lease agreement with The Pharm, which is planning certain tenant improvements.
MRXE is pleased to announce the sale of a brand-new, 25,000 s.f. medical office building in Denver, North Carolina. The building has a long-term lease with Novant. W. Michael Bennett from MRXE worked
Aurora Health Care, a 15-hospital health system based in Milwaukee, ended the third quarter of 2017 with operating income of $60.7 million, up 12.2 percent from the same period of the year prior, acco
According to panelists who will speak at the upcoming RealShare Healthcare conference in Scottsdale AZ despite strain on the insurance markets experts
Panelists at the upcoming RealShare Healthcare conference say that hospitals and doctors strive to provide the right care at the right time in the right
Montecito Medical, a premier owner of medical office buildings throughout the U.S., has announced the acquisition of nine, Class-A medical office buil
MasterCard has finalized an agreement for the financial services conglomerate to lease all 212,500 square feet of available space at 150 Fifth Ave. in New York City. MasterCard expects to move into th
CBRE Buys Medical Buildings in a Bid for Safety CBRE, one of the biggest real estate asset managers in the world, recently bought a 95% stake in a portfolio comprising 25 medical office buildings, rep
According to panelists who will speak at the upcoming RealShare Healthcare conference in Scottsdale AZ despite strain on the insurance markets experts
This net immigration of seniors moving to be closer to adult children has created a great dynamic of census growth in the market and a recent acquisition
Childcare chain Kiddie Academy has inked a deal for a new outpost at 70-72 Reade Street in Tribeca.
So far, the TMC Venture Fund has invested in five companies sourced from its accelerator, TMC's Biodesign program as well as JLabs@TMC. It is one of many healthcare organizations that either has thei
Flagship Healthcare Properties, a real estate firm based in Charlotte, N.C., bought the building housing Holly (N.C.) Springs Surgery Center, according to Triangle Business Journal.
The 44,000-square-foot facility brings outpatient services together in one location with a building designed to complement the existing campus.
A partnership between Mainstreet and Tiptree is set to purchase CareIT’s portfolio. The properties include 42 senior living communities and health-care facilities.
The medical real estate sector is seeing increasing levels of transaction activity, particularly across hospital real estate and medical office buildings. The
The House tax plan would add a tax on bonds used by hospitals, colleges and affordable housing developers, raising borrowing costs for those institutions. Critics of the plan call it a shortsighted mo
Construction of the 595,744-square-foot health care facility is underway. Located at the Capital Center in Largo, Md., the project is expected to be completed by 2020.
This week's top healthcare real estate news.
Paced by major projects such as the $1.2-billion Jacob K. Javits Convention Center expansion and other major initiatives the total for the first three
Certified Commercial Investment Member (CCIM) David Hartsook, John Hall and Kevin Connor of CBRE’s Columbus office represented the seller, Bradenton Pediatric Building Co.
Recent medical office lease transactions completed by Coy Davidson Colliers International Healthcare Real Estate Services.
This week's top Healthcare Real Estate News
CHARLOTTE –To best serve customers across the for-profit health care industry, the Healthcare Group, part of Wells Fargo Corporate Banking, which is a business of Wells Fargo & Company (NYSE: WFC), ha
The approximately 40,000-square-foot asset was subject to a fixed-rate construction loan. Keystone Mortgage Corporation will oversee financing.
That consistent decline in vacancy has insulated the MOB sector from volatility.
Situated on a 1,6-acre site in the south Orlando submarket, Royal Oaks Medical Plaza recently changed hands. Transwestern arranged the transaction.
Julie Johnson principal of the health care affinity group at Avison Young who will serve as a panelist at the upcoming RealShare Healthcare conference
Here is a roundup of recent deals leases executive moves and other news from the past week. Deal Tracker NEW YORK NY—The Howard Hughes…
The “repeal and replace” attempts at healthcare reform haven’t displaced investor confidence given the ongoing strength of medical office fundamentals.
Telehealth, self-driving vehicles, artificial intelligence, and mobile devices will have a huge impact on healthcare over the next few years, according to industry experts who spoke on Connect Healthc
The wants and needs of the two biggest demographic groups in the United States—the Baby Boomers and the Millennials—were hotly debated during Connect Healthcare 2017. A panel of five healthcare expert
From leasing to new investor interest, the healthcare real estate sector is firing on all cylinders. That was the message five industry experts shared with a crowd hungry for information and insights
Healthcare real estate is no longer a niche or on-the-fringe asset class. That was the consensus of the expert panelists who spoke during Connect Healthcare 2017’s panel on acquisitions and investing.