GlobeSt.com - Healthcare Real Estate

Welltower Sells Senior Living Portfolio for $1.8B; Signs $1B Development Deal

Erika Morphy, staff — Thu, 1 Aug 2019 06:59:33 -0400

The REIT has sold its stake in the Benchmark Senior Living portfolio for $1.8 billion and is also acquiring a handful of facilities including 6-building, 270,000 square foot medical office campus for $140 million from Summit Medical Group.

New Technology Essential to Healthcare Facilities

Kelsi Maree Borland, contributor — Thu, 1 Aug 2019 04:00:58 -0400

Designers are finding new ways to integrate technology and technology-friendly spaces into new healthcare facilities.

The Increasing Value of the Dollar

Jonathan Hipp, contributor — Tue, 30 Jul 2019 09:39:04 -0400

Dollar stores, that is. Brands in this stalwart category of the net lease sector are upping the ante on service, with plans to cash in on the growing trend toward “customer experience.”

Ventas Buys Outpatient Facility for $81M

Erika Morphy, staff — Tue, 30 Jul 2019 09:13:46 -0400

The 125,942-square-foot building is fully occupied by Duke Health.

Private Fund Seeds Senior Project in Bergen County

John Jordan, staff — Tue, 30 Jul 2019 06:54:23 -0400

Cushman & Wakefield Senior Housing Capital Markets, which is based in Boston, reports it has arranged $26.5 million of institutional equity capital from a private equity fund for a 203-unit project in Montvale.

MedProperties Relocates HQ to Loop Office Tower

John Jordan, staff — Tue, 30 Jul 2019 06:04:17 -0400

The 15-year-old award-winning company shifted its headquarters operations from 40 Skokie Boulevard in Northbrook to the 37th floor of the 48-story 1.765 million square foot office building in Downtown Chicago that is anchored by Goldman Sachs.

Top 5 Trends for Redesigning a Healthcare Space

Kellie Reed, staff — Tue, 30 Jul 2019 04:00:19 -0400

As healthcare in the U.S. continues to evolve, interior environments are also being transformed with the ultimate objective to create humanized environments that optimize healing.

Why Medical Office Is a Good Late-Cycle Play

Kelsi Maree Borland, contributor — Tue, 30 Jul 2019 04:00:05 -0400

The asset class proved to hold up during the last recession, and savvy investors are stacking the deck now before the next one hits.

Harf Named to Lead Stan Johnson’s Chicago Office

John Jordan, staff — Fri, 26 Jul 2019 06:47:50 -0400

Harf joined Stan Johnson Co. of Tulsa, OK in October 2011 and has been focused on the sale of net lease assets, working with some of the nation’s most respected and trusted institutions, private equity managers and merchant developers.

Health Companies Continue to Expand in Phoenix

Kelsi Maree Borland, contributor — Fri, 26 Jul 2019 04:00:32 -0400

Solera Health signs a lease at the Monroe building in Downtown Phoenix, further expanding its presence in the market.

‘Serial Entrepreneur’ Joins Colliers Life Sciences Team

John Jordan, staff — Thu, 25 Jul 2019 08:01:48 -0400

Brechner joins Colliers with more than 35 years of experience leading companies with revenues in excess of $10 million. For the past 20 years he led ventures within the analytical laboratory and quality assurance industry.

Madison Marquette, GFH Target Senior Living With Portfolio Acquisition

Erika Morphy, staff — Wed, 24 Jul 2019 05:19:20 -0400

The company partnered with the Bahrain-based asset manager to acquire 6 private-pay senior living communities in California, Washington and Michigan.

Phoenix Hospital Network Expands in North Valley

Kelsi Maree Borland, contributor — Tue, 23 Jul 2019 14:00:04 -0400

HonorHealth nears completion of its sixth Valley hospital in north Phoenix as the market continues to thrive.

Medical Properties Trust Acquires 8 UK Hospitals for $434M

Ingrid Tunberg, staff — Tue, 23 Jul 2019 11:08:36 -0400

The company will own a total of 12 UK hospital facilities upon the transaction, which is expected to close in the third quarter of 2019.

Investors Are Lining Up for Well-Located Medical Office

Kelsi Maree Borland, contributor — Fri, 19 Jul 2019 04:00:35 -0400

A medical office property in Los Alamitos is the latest example of the investment appetite for medical office.

Seavest, TCC, Adventist Partner on Medical Pavilion in Silver Spring

Erika Morphy, staff — Thu, 18 Jul 2019 09:08:29 -0400

“It’s an atypical ownership structure, but one that we believe aligns all parties with the hospital’s objectives and the healthcare needs of the community,” says Seavest’s John Winer.

Healthcare Consortium Studying Purchase of St. Christopher’s Hospital for Children

John Jordan, staff — Thu, 18 Jul 2019 08:44:24 -0400

The 188-bed teaching hospital was included in a voluntary Chapter 11 bankruptcy filing in late June, along with Hahnemann University Hospital, by parent company Philadelphia Academic Health System, a subsidiary of AAHS.

JLL REIT Is Bullish on SoCal Medical Office Sector

Kelsi Maree Borland, contributor — Wed, 17 Jul 2019 04:00:01 -0400

JLL Income Property Trust is focusing on medical office to reduce risk, deliver stable income streams and protect stockholder value.

Tishman Speyer Launches Life Sciences Division with Bellco

Betsy Kim, staff — Tue, 16 Jul 2019 13:37:29 -0400

Cancer researcher Arie Belldegrun’s Bellco Capital has joined the New York-based real estate firm to form a life science real estate company, named Breakthrough Properties.

State, City Pledge $15M to Fill Gaps Caused by Hospital Bankruptcy

John Jordan, staff — Tue, 16 Jul 2019 11:37:44 -0400

Gov. Wolf and Mayor Kenney also called on the White House and Congress to match all state and local funding and to cover the debts accumulated by both governments to help ensure Hahnemann patients and workers are protected.

Medical Properties Trust Inks $1.5B Sales Leaseback

Erika Morphy, staff — Tue, 16 Jul 2019 07:31:30 -0400

All together the REIT has entered into definitive agreements with two new operators and completed a transaction with a third new operator involving 24 hospital facilities for a total investment of approximately $1.75 billion.

San Diego MOB Trades at Near Record Price

Kelsi Maree Borland, contributor — Tue, 16 Jul 2019 04:00:03 -0400

Global Medical REIT purchased the medical condo building for $586 per square foot.

What Fueled JLL’s Acquisition of HFF?

Lisa Brown, staff — Mon, 15 Jul 2019 22:00:15 -0400

In looking at opportunities to grow capital markets, JLL was clear that any target would need to closely align with its culture and strategic vision, and it is confident the acquisition of HFF meets these criteria.

Healthcare Professionals, Investors Key in on DFW

Lisa Brown, staff — Mon, 15 Jul 2019 22:00:05 -0400

With healthcare demand creating added opportunities, investors are clamoring to get in on the action and late last month, HR Acquisition of San Antonio Ltd. did just that with a purchase of Magnolia Medical Tower.

Why Longfellow Is Betting on San Diego

Kelsi Maree Borland, contributor — Mon, 15 Jul 2019 04:00:25 -0400

The investor is focused on expanding its life science and office portfolio in the San Diego market.

Alex. Brown Realty, Heritage Properties Acquire Medical Office Park

Ingrid Tunberg, staff — Fri, 12 Jul 2019 11:46:36 -0400

The joint venture partners will provide $2.5M in renovation upgrades to the two-building portfolio in Cary, NC.

Governor, Mayor Rip Hahnemann University Hospital Over Closure, Finances

John Jordan, staff — Fri, 12 Jul 2019 10:26:55 -0400

“While it is clear that the hospital’s current operation is no longer financially viable, we are both committed to working with potential investors to find support for the restructuring of Hahnemann and for protecting St. Christopher’s Hospital for Children,” the governor and mayor stated.

Is it Okay to be Underestimated?

Natalie Dolce, staff — Fri, 12 Jul 2019 04:00:56 -0400

Panelists at GlobeSt. ELITE Woman of Influence conference discuss how they’ve reached their levels of success, share how the industry has changed and impart advice for women of all levels today.

John Poulos Named Lead of CBRE National Healthcare

Kelsi Maree Borland, contributor — Fri, 12 Jul 2019 04:00:41 -0400

Poulos will serve as national healthcare director, focusing on client solutions and delivering a wide-range of services.

Healthcare Model Allows Many Employers to Share Access

Lisa Brown, staff — Thu, 11 Jul 2019 22:00:39 -0400

Crossover, a health services provider for self-insured employers, has created a new model of primary care in partnership with employers by offering care via private, shared or virtual practices.

CRE-Finance Creates Senior Living Division

Ingrid Tunberg, staff — Thu, 11 Jul 2019 12:05:04 -0400

The firm will arrange $60M in financing to develop two new senior living facilities.

GlobeSt.com Hosts Inaugural Woman of Influence Awards

Natalie Dolce, staff — Thu, 11 Jul 2019 09:53:01 -0400

GlobeSt.com and GlobeSt. Real Estate Forum honor this year’s woman of influence, including newly focused categories, judge’s categories and more here in Broomfield, CO.

Department of Health Hires Temporary Manager at Hahnemann University Hospital, St. Christopher’s Hospital for Children

John Jordan, staff — Mon, 8 Jul 2019 06:33:43 -0400

Secretary of Health Dr. Rachel Levine announced the agreement late last week. The temporary manager, Pinnacle Healthcare Consulting, will remain in place until the department determines it is no longer necessary.

JLL Buys San Diego Medical Office for $90M

Kelsi Maree Borland, contributor — Mon, 8 Jul 2019 04:00:51 -0400

JLL Income Property Trust picks up Genesee Plaza, a two-building medical office property in San Diego.

Virtua Closes on Lourdes Health System Buy

John Jordan, staff — Wed, 3 Jul 2019 08:40:06 -0400

The Lourdes Health System includes Our Lady of Lourdes Medical Center in Camden, NJ; Lourdes Medical Center of Burlington County, Lourdes Medical Associates, and Lourdes Cardiology Services—all of which are now part of Virtua.

Liberty Property Trust Doubles its Money on Center City Medical Office Tower

John Jordan, staff — Wed, 3 Jul 2019 06:02:38 -0400

The Wayne, PA-based firm sold 800 Walnut St., a 12-story 153,242-square-foot medical office building for $99.25 million to the University of Pennsylvania Health System. Liberty Property Trust developed the medical office tower in 2013 for $48.5 million.

PCI Pharma Moves Into Sorrento Mesa Spot

Kelsi Maree Borland, contributor — Tue, 2 Jul 2019 04:00:00 -0400

The biopharmaceutical company signs a lease with the Irvine Co. at Canyon Ridge Technology Park.

CareTrust REIT Expands Skilled Nursing Footprint in Idaho

Ingrid Tunberg, staff — Mon, 1 Jul 2019 13:33:34 -0400

The REIT is adding the new facility to their Cascadia Healthcare LLC portfolio, totaling 12 facilities.

Real Estate Forum is Seeking Senior Housing Influencers

Ingrid Tunberg, staff — Mon, 1 Jul 2019 09:54:35 -0400

Nominations are open for Real Estate Forum’s next installment of Influencers. The submission deadline for senior housing influencers is August 30, 2019.

Merakey Opens First Autism Center in Texas

Lisa Brown, staff — Sun, 30 Jun 2019 22:00:05 -0400

One of the nation’s largest providers of special education and human services, Merakey, recently opened its first location in Texas to serve the needs of children and adults with autism in Tarrant County.

Owner-User Wins Big Box Facility in Tight Corona Market

Kelsi Maree Borland, contributor — Fri, 28 Jun 2019 04:00:27 -0400

Despite limited availability, a manufacturing owner user acquires a 245,000-square-foot industrial facility in Corona.

OC’s Largest Medical Office Block Leased

Kelsi Maree Borland, contributor — Fri, 28 Jun 2019 04:00:22 -0400

Harvard Eye Associates leases the largest contiguous block of space in Orange County.

Hospital, Refinery Closures Rattle Philly Economy

John Jordan, staff — Thu, 27 Jun 2019 16:03:09 -0400

The planned hospital closure came as the city got hit with the news that after the massive June 21 fire and explosion at its oil refinery in South Philadelphia, Philadelphia Energy Solutions notified the state Department of Labor its plans to shut down the facility.

Gilbert MOB Trades Upwards of $400PSF

Kelsi Maree Borland, contributor — Wed, 26 Jun 2019 04:00:57 -0400

Private equity firm Hammes Partners acquires Spectrum Medical Commons for $17.6 million.

Foreign Buyer Wins Medical Mixed-Use Property

Kelsi Maree Borland, contributor — Wed, 26 Jun 2019 04:00:45 -0400

A private foreign investor buys a medical mixed-use property in Pasadena in an all-cash transaction.

Calling All Healthcare Real Estate Professionals

Ingrid Tunberg, staff — Tue, 25 Jun 2019 10:17:20 -0400

The nomination deadline for Real Estate Forum’s Influencers in Healthcare Real Estate is fast approaching on September 6, 2019.

Fast-Growing Older Population Opens Opportunities for Senior Housing

Tanya Sterling, staff — Tue, 25 Jun 2019 07:41:40 -0400

Report describes a social issue in the making and how investors and operators could quickly create less costly housing options.

Transwestern Expands Arizona Healthcare Team

Kelsi Maree Borland, contributor — Tue, 25 Jun 2019 04:00:28 -0400

The team growth comes in response to substantial expansion of the healthcare market in Phoenix.

Healthcare Facilities Take Over Retail in San Diego

Kelsi Maree Borland, contributor — Mon, 24 Jun 2019 14:00:29 -0400

The integration of clinics and urgent care facilities into retail centers is the biggest trend in healthcare, according to experts at a CREW San Diego discussion.

Healthcare Tech Co. Leases 252,452 SF at One SoHo Square

Betsy Kim, staff — Mon, 24 Jun 2019 11:00:23 -0400

Flatiron Health nearly doubled its headquarters footprint in a 10-year lease at Stellar Management and Imperium Capital’s office complex that borders SoHo and Hudson Square.