Medical Office
Medical Office Portfolio Commands $230M
MedProperties Holdings is the new owner of 17 multi-state Harrison Street health-care assets totaling 620,000 square feet. The transaction marks the company’s single-largest acquisition in terms of purchase price, number of properties and total square footage.
Jacobs Tapped for Sydney Hospital Redevelopment
The company was chosen as the lead architect for the $270 million redevelopment of Sydney’s Concord Hospital. The project involves the development of Australia’s first comprehensive care center for retired service members.
Miami Medical Office Building Trades for $11M
The nine-story property underwent a $2.1 million capital improvement program that repositioned the asset and boosted occupancy to nearly 70 percent.
Global Medical REIT Pays $41 to Enter Austin Healthcare Market
The 59,000-square-foot, 50-bed facility is currently leased to a joint venture between subsidiaries of Kindred Healthcare and Seton Healthcare.
Integrated Health Campus Lands $53M Mortgage Financing
HFF’s debt placement team secured a 10-year, fixed-rate mortgage for the owners of a 10-year-old medical office building property in Allentown, Pa.
MOB REIT Gives Itself a Growth Spurt
In two separate deals, Physicians Realty Trust has agreed to acquire six medical office buildings for a total of $189.4 million.
Meridian Names Andrew Hoover as VP in SoCal
Andrew Hoover has 19 years of experience in health-care real estate. In his new role, he will be responsible for business development and asset management for the company’s medical industry clients.
Kayne Anderson Buys Sentio Healthcare for $825M
The REIT’s portfolio comprises 33 properties, including private-pay senior housing assets, skilled nursing facilities, medical office buildings and specialty medical properties.
Meridian Buys AZ Medical Center for $5M
The historic Lois Grunow Memorial Clinic in Phoenix traded for $5 million in a deal brokered by Avison Young. Meridian plans to re-tenant the property and make it ADA-compliant.
New York—A Matter of Life and Science
New York received its invitation to join the biotech cluster club – the guest list also includes San Francisco, Boston and San Diego. However, Transwestern’s newest report reveals if the city has what it takes to be a full-time member.