Healthcare

NorthMarq Capital Arranges $91.5M in Refinancing for Medical Office Portfolio in New Jersey, New York

by Amy Works July 19, 2016

MORRISTOWN, N.J. — NorthMarq Capital’s Morristown office has arranged $91.5 million in refinancing for a 13-property medical office portfolio with 11 assets in Northern New Jersey, one in New York and one in Florida. Gregory Nalbandian of NorthMarq secured the financing for the borrower, Regent Medical Properties. The five-year, fixed-rate loan was bifurcated between a $81.5 million senior loan placed with Natixis Real Estate Capital and a $10 million mezzanine loan placed with Morrison Street Capital. The portfolio is a 353,000-square-foot core medical office portfolio with several buildings featuring on-site surgery centers within close proximity to major hospitals.

July 19, 2016

Healthcare Texas

CBRE Brokers Sale of Medical Facility in Oklahoma City

by Haisten Willis July 19, 2016

OKLAHOMA CITY — CBRE’s U.S. Healthcare capital markets group has brokered the sale of a 62,857-square-foot medical facility in Oklahoma City fully leased to Lakeside Women’s Hospital. Tampa-based Carter Validus Properties II LLC purchased the asset from Physicians of Northwest Oklahoma Investment Group LLC for an undisclosed price. Jason Little of CBRE’s Oklahoma City office teamed with Chris Bodnar and Lee Asher of CBRE’s U.S. Healthcare capital markets group to market the asset on behalf of the seller. Situated on five acres, the inpatient medical facility is located at 11200 N. Portland Ave.

July 19, 2016

Healthcare Retail Texas

UT Physicians Leases 12,000 SF Retail Space in Beaumont

by Haisten Willis July 15, 2016

BEAUMONT, TEXAS — UT Physicians has leased 12,000 square feet for a retail health center at Gateway Shopping Center in Beaumont. The property is located at the intersection of Stagg Drive and College Street. Nelson Spitz represented the landlord, Lombard Texas Holdings, and Mark Davis of Davis Commercial Real Estate represented UT Physicians. UT Physicians is the clinical practice of The University of Texas Medical School in Houston.

July 15, 2016

Healthcare Kansas Midwest

CBC Real Estate Group to Develop $40M Rock Regional Hospital in Kansas

by Haisten Willis July 14, 2016

DERBY, KAN. — CBC Real Estate Group will develop a $40 million community hospital in Derby, a suburb of Wichita. Rock Regional Hospital, a 65,000-square-foot, 30-bed general acute care hospital with a surgical emphasis, will be situated north of Patriot Avenue and west of Rock Road in the proposed Sales Tax and Revenue (STAR) Bond District at the north end of Derby. The project will also include an adjacent 40,000-square-foot medical office building. Rock Regional Hospital will feature 12 inpatient medical beds, 12 surgical beds and six intensive care unit beds, as well as three operating rooms, two procedure rooms, three cath lab rooms and three emergency department rooms. Southlake, Texas-based Candor Healthcare will operate the hospital upon completion. Kansas City, Mo.-based CBC anticipates construction will begin this year, with Rock Regional Hospital fully operational by 2018.

July 14, 2016

Healthcare Texas

McCarthy to Build New Facility for Texas Children’s Hospital in Houston

by Haisten Willis July 12, 2016

HOUSTON — McCarthy Building Cos. has begun construction on a facility for Texas Children’s Hospital that will house the hospital’s pediatric and residents’ primary care group clinic. The project includes the demolition of existing interior space and construction of a 20,000-square-foot facility. When completed in November, the building will include a waiting area, exam rooms, nurses’ stations, administrative offices, staff lounge, storage, radiology and ultrasound space and a work room. Preston Hodges and Mike Kacal lead McCarthy’s specialized solutions group, which focuses on healthcare, laboratory and higher education interior renovation projects.

July 12, 2016

Bio Tech Place, Wake Forest University, Winston-Salem, N.C.

Healthcare Life Sciences Top Stories

Ventas to Acquire Entire Wexford Life Science, Medical Portfolio for $1.5B

by Jeff Shaw July 6, 2016

CHICAGO — Giant healthcare REIT Ventas (NYSE: VTR) has agreed to acquire all the life sciences and medical real estate assets of Wexford Science & Technology for $1.5 billion. Wexford will continue to operate the portfolio, which includes 25 Class A properties totaling 4.5 million square feet. Blackstone Real Estate Partners VIII LP is the current owner of the properties, which are largely leased to universities, academic medical centers and research companies. Tenants include Yale University, the University of Pennsylvania Health System, Washington University in St. Louis, Wake Forest University and Alexion Pharmaceuticals. Of the 25 properties, 23 are currently in operation and are 97 percent leased. The remaining two properties are currently under development and are nearly 60 percent pre-leased to Duke University and Wake Forest University. Chicago-based Ventas also plans to acquire nine development sites contiguous to the existing assets for $50 million. The purchase will significantly diversify Ventas’ portfolio, as the company’s previous focus was almost exclusively on seniors housing and healthcare properties. Ventas has the second-largest portfolio of seniors housing in the United States with 785 properties totaling 69,708 units, according to the American Seniors Housing Association’s most recent numbers. The transaction includes a long-term management …

July 6, 2016

Healthcare Michigan Midwest Office

Griffin-American Healthcare REIT Agrees to Acquire 30,000 SF Medical Office Property Near Detroit

by Christina Cannon June 29, 2016

ROCHESTER HILLS, MICH. — American Healthcare Investors and Griffin Capital Corp., the co-sponsors of Griffin-American Healthcare REIT IV Inc., have agreed to buy a medical office building in Rochester Hills for an undisclosed price. The 30,000-square-foot facility is approximately 93 percent leased to seven tenants, the largest of which is William Beaumont Hospital. An undisclosed seller disposed of the property located approximately 30 miles north of Detroit.

June 29, 2016

California Healthcare Western

Centers Business Management Arranges 3,000 SF Lease in Arleta

by Nellie Day June 29, 2016

ARLETA, CALIF. — Centers Business Management (CBM) has arranged the lease of 3,000 square feet of space at 9700 Woodman Ave. in Arleta. Kahen & Kahen MD Inc. leased the space from Regency for an urgent care center. CBM represented the landlord, while Alex Shabani of CBM represented the tenant in the transaction.

June 29, 2016

Healthcare Industrial Office Texas

CBRE Brokers Sale of 11.8-Acre Site in Fort Worth for Reinvestment

by Haisten Willis June 24, 2016

FORT WORTH, TEXAS — CBRE has brokered the sale of an 11.8-acre site with multiple buildings at 7100 Oakmont Blvd. in Fort Worth. The asset includes a 113,000-square-foot former hospital building and a 12,000-square-foot former power plant. Fort Worth-based TCRG Properties LLC purchased the site for an undisclosed price with a plan to redevelop the assets for lease. The property, formerly occupied by Baylor All Saints Medical Center, is located in southwest Fort Worth. Inwood Bank provided acquisition financing. Bob Scully and Nanci Johnson-Plump with CBRE’s Fort Worth office represented the seller, Rainier Realty Investments. Ryan Wood with TCRG represented the buyer internally.

June 24, 2016

first-choice-emergency-room-rowlett-texas

Healthcare Loans Office Texas

Metropolitan Capital Advisors Arranges $5.1M Construction Loan for Emergency Room in Metro Dallas

by Haisten Willis June 20, 2016

ROWLETT, TEXAS — Metropolitan Capital Advisors has arranged a $5.1 million construction loan for First Choice Emergency Room, located in Rowlett. The 0.8-acre tract is located off the northwest corner of Rowlett Road and Highway 66. The three-year loan, funded by Happy State Bank, includes one year of interest-only payments, a 4.75 percent fixed interest rate and a 25-year amortization schedule. The nearest hospital is the Lake Pointe Medical Center 3.5 miles east of downtown Rowlett across Lake Ray Hubbard.

June 20, 2016

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