Medical Office
Mainstreet To Acquire CareIT Portfolio for $425M
A partnership between Mainstreet and Tiptree is set to purchase CareIT’s portfolio. The properties include 42 senior living communities and health-care facilities.
Columbus-Area MOB Changes Hands
David Hartsook, John Hall and Kevin Connor of CBRE’s Columbus office represented the seller, Bradenton Pediatric Building Co.
Medistar to Develop 550 KSF Medical Tower in Houston
The Class A development will be adjacent to an InterContinental hotel and a 35-story luxury apartment community and will serve the demand of the growing health science industry in Texas.
KY MOB Changes Hands
A subsidiary of Everest Healthcare Properties recently purchased a 60,000-square-foot medical office building in Louisville, Ky. The property was 95 percent occupied at the time of the sale.
Orlando MOB Changes Hands
Situated on a 1,6-acre site in the south Orlando submarket, Royal Oaks Medical Plaza recently changed hands. Transwestern arranged the transaction.
SoCal MOB Lands $25M Loan
The approximately 40,000-square-foot asset was subject to a fixed-rate construction loan. Keystone Mortgage Corporation will oversee financing.
Greenbuild 2017: Electrochromic Glass Controls Light, Energy Savings
SageGlass’s unique electronically controlled windows, walls and skylights allow for automated or manual control of sunlight and heat.
UPMC to Build Pittsburgh Hospitals for $2B
The health care provider will develop three cutting-edge specialty hospitals totaling more than 1.6 million square feet in the Steel City’s metro area.
Construction Begins on America’s Next Life Science Corridor
The first phase of the 16-block Discover Square in Rochester, Minn., comprises a four-story, 90,000-square-foot building set to open in 2019, at the corner of 4th Street and 2nd Avenue SW. Mayo Clinic, the first anchor tenant, plans to occupy 30,000 square feet across three floors.
Bamboo Equity Snags 52 KSF MOB
Once closing is completed, Bamboo will immediately start renovations on the 52,000-square-foot property to improve common areas used by patients and healthcare providers.