Healthcare Archives - REBusinessOnline

Hammes, NOVO Begin Development of 34,000 SF Medical Office Building in Scottsdale, Arizona

Amy Works — Wed, 14 Jan 2026 14:28:19 +0000

SCOTTSDALE, ARIZ. — A partnership between Hammes and Phoenix-based NOVO Development has broken ground for construction of a 34,000-square-foot medical office building in Scottsdale. The property will serve as an anchor component of the new 43-acre Sierra Bloom mixed-use wellness campus. The building’s anchor tenant will be Arizona Sports Medicine Center (ASMC), which is part of Abrazo Medical Group, a division of Abrazo Health. Occupying a majority of the new space, ASMC will offer sports medicine, imaging and other advanced medical services designed to meet the growing healthcare needs of the Scottsdale community. The medical office building is slated for completion in third-quarter 2026, with a topping out ceremony scheduled for late March.

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Cushman & Wakefield Brokers $56M Sale of Oncology Center Portfolio in Western Michigan

Kristin Harlow — Fri, 09 Jan 2026 14:09:02 +0000

GRAND RAPIDS, HOLLAND, NORTON SHORES AND BIG RAPIDS, MICH. — Cushman & Wakefield has brokered the $56 million sale of the Michigan OneOncology Cancer Center portfolio, a five-property portfolio totaling 152,289 square feet across western Michigan. The oncology-focused medical outpatient buildings, located in Grand Rapids, Holland, Norton Shores and Big Rapids, were fully leased at the time of sale. OneOncology operates the centers in partnership with The Cancer & Hematology Centers. The facilities are situated near Corewell Health and Trinity Health hospitals. Each property serves as a treatment hub with infusion bays, onsite radiation oncology and specialty pharmacy services. Gino Lollio, Travis Ives, Tyler Morss and Garrett Keais of Cushman & Wakefield represented the seller, a group of physicians and investors associated with the operating practice of the facilities.

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Lincoln Property Co., PGIM Buy 129,000 SF Healthcare Property in Metro Houston

Taylor Williams — Fri, 09 Jan 2026 13:58:21 +0000

SUGAR LAND, TEXAS — A partnership between Dallas-based Lincoln Property Co. and PGIM Real Estate has purchased Imperial Medical Center, a 129,000-square-foot healthcare property located in the southwestern Houston suburb of Sugar Land. The facility was built in 1994 in proximity to multiple hospital campuses and is home to users such as Memorial Hermann, Alpha Surgical Center and Texas Advanced Imaging. The seller was a partnership between Pinecroft Realty and Harrison Street Asset Management.

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CBRE Negotiates Sale of 72,000 SF Medical Office Building in Escondido, California for $36.4M

Amy Works — Thu, 08 Jan 2026 13:51:39 +0000

ESCONDIDO, CALIF. — CBRE has brokered the sale of Valley Parkway Health Center, a medical office building located at 488 E. Valley Parkway in Escondido. Neighborhood Healthcare acquired the asset for $36.4 million. Lars Eisenhauer and Dan Henry of CBRE represented the undisclosed seller, while Chris Ross and Ben Schiesl of JLL represented the buyer in the deal. The four-story, 72,000-square-foot multi-tenant facility includes an ambulatory surgery center, endoscopy center, onsite pharmacy and cardiology lab services.

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Marcus & Millichap Brokers $18.7M Sale of Medical Office Building in Wichita, Kansas

Kristin Harlow — Wed, 07 Jan 2026 14:40:29 +0000

WICHITA, KAN. — Marcus & Millichap has brokered the $18.7 million sale of a cardiology medical office building in Wichita. Located at 3535 N. Webb Road, the 40,912-square-foot property is home to Heartland Cardiology. Spencer Koch, Christopher Biuso, Rory Shelby, Scott Gould and Colby Haugness of Marcus & Millichap represented the seller and procured the buyer.

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Lee & Associates of Illinois Launches New Healthcare Real Estate Division

Kristin Harlow — Fri, 19 Dec 2025 14:00:19 +0000

ROSEMONT, ILL. — Lee & Associates of Illinois has expanded its Chicago-area office brokerage group with the launch of a dedicated healthcare real estate division. The firm has welcomed three professionals — Principals Peter Cangialosi and Doug Pauly, and Associate Austin York — who bring more than 35 years of combined experience representing healthcare providers, investors and property owners across the Midwest. The team was most recently at Oak Brook, Ill.-based Joseph Rossi & Associates Inc. Lee & Associates of Illinois’ new healthcare division provides comprehensive brokerage and advisory services, including tenant and landlord representation, investment sales, site selection and acquisition support.

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W. P. Carey Acquires Four Midwest Inpatient Rehab Facilities for $137M

Kristin Harlow — Thu, 18 Dec 2025 13:50:20 +0000

INDIANA, LOUISIANA, WISCONSIN AND KANSAS — W. P. Carey has acquired four inpatient rehabilitation facilities (IRF) located in Indiana, Louisiana, Wisconsin and Kansas for $137 million. New Era Cos. and WB Development Partners developed and owned the 191,000-square-foot portfolio. The properties are triple-net leased to NewEra Nobis Operations Holdings, a healthcare provider specializing in comprehensive rehabilitation services for patients recovering from debilitating illnesses and injuries. The weighted average lease term is 17 years with fixed annual rent increases. As part of the transaction, W. P. Carey is also funding a 10-bed expansion of the Kansas facility. Nobis Rehabilitation Parters manages the properties. The inpatient rehabilitation sector largely serves elderly and Medicare-eligible individuals. IRFs typically provide shorter lengths of stay and superior health outcomes relative to other post-acute options, according to W. P. Carey.

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Davis Buys Two Minneapolis-Area Outpatient Medical Properties for $21.9M

Kristin Harlow — Thu, 18 Dec 2025 13:48:23 +0000

PLYMOUTH AND BURNSVILLE, MINN. — Davis Medical Investment Fund (DMI Fund) has acquired two Minneapolis-area outpatient medical properties for $21.9 million. The properties include a 30,250-square-foot, single-story outpatient building in Plymouth that was purchased for $12 million. The property was fully renovated and expanded in 2019, adding 15,000 square feet. At the time of sale, the building was fully occupied. Fresenius anchors the property and occupies roughly one-third of the space, offering nephrology specialty services. Fresenius renewed its lease earlier this year. In Burnsville, Davis acquired the Pondview Medical Building, a two-story, 34,224-square-foot property, for $9.9 million. At the time of sale, the building was fully leased to four tenants, including anchor tenant Southdale Pediatrics. Pondview was developed in 2005 and received significant updates in 2024. The acquisitions follow Davis’ recently announced refinancing of 19 properties totaling $171 million with Capital One Healthcare Finance. Leveraging its new $250 million line of credit, Davis continues to expand the DMI Fund’s investment portfolio, which now includes more than 20 properties totaling nearly 885,000 square feet across eight states.

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Mark IV Capital Sells Paradiso Medical Office Building in Scottsdale, Arizona for $13.3M

Amy Works — Tue, 16 Dec 2025 14:29:41 +0000

SCOTTSDALE, ARIZ. — Mark IV Capital Properties has completed the sale of Paradiso, a two-story, multi-tenant medical office building in Scottsdale. Albany Road Real Estate Partners acquired the property for $13.3 million. The 59,445-square-foot asset features a large central courtyard with decorative fountains and seating areas, private entrances and balconies, covered breezeways, patios off several ground-floor suites and full-length storefront windows. The property is located at 11000 N. Scottsdale Road. Eric Wichterman, Alexandra Loye, Chris Toci and Mike Coover of Cushman & Wakefield represented the seller in the transaction.

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Edward Homes Development Breaks Ground on 120,000 SF Medical Office Park in Gilbert, Arizona

Amy Works — Wed, 10 Dec 2025 15:08:42 +0000

GILBERT, ARIZ. — Edward Homes Development has broken ground on Melrose Professional Park, a Class A medical and office condominium park on the southeast corner of S. Rome and E. Melrose streets in Gilbert. Tom Weinhold, Sheila Bale and Erika Eckblad of Cushman & Wakefield are handling sales efforts for the project. Upon completion, the 120,000-square-foot asset will feature eight approximately 10,000-square-foot and two 20,000-square-foot medical condominium buildings, offering units ranging from approximately 5,000 square feet to 20,000 square feet. The first delivery is scheduled for April 2026, with phased completion through December 2026. Melrose Professional Park is designed as a single-story, 10-building mixed-use office property. The development will offer designated patient drop-off areas, generator pad accessibility, exterior-loaded buildings and planned building signage. Each unit will be delivered in shell condition with HVAC curbs, allowing for customized build-outs.

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CFG Provides $253.2M Bridge Loan for Skilled Nursing Portfolio in Maryland, Virginia

Abby Cox — Fri, 05 Dec 2025 14:24:54 +0000

BALTIMORE — Capital Funding Group (CFG) has provided a $253.2 million bridge loan for the refinancing of a skilled nursing portfolio. The portfolio includes six facilities in Maryland and one in Virginia. Together, the properties total 1,050 beds. Craig Casagrande, Scott Robinson and Catherine Mansel of Baltimore-based CFG originated the financing for the undisclosed borrower.

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Icon Structures Underway on Adaptive Reuse Project for Community Crisis Center in Wichita, Kansas

Kristin Harlow — Thu, 04 Dec 2025 14:07:28 +0000

WICHITA, KAN. — General contractor Icon Structures is underway on an adaptive reuse project for Sedgwick County Government in Wichita. The project that will convert a 105-year-old building that formerly housed a car dealership into the new COMCARE Community Crisis Center (CCC). The development will expand access to mental health services and consolidate the county’s services into a single building adjacent to the new Wichita Biomedical Campus (WBC). Helix Architecture + Design is leading the transformation. Helix is also part of the architecture and interiors team, along with CO Architects, for the WBC, a joint initiative of the University of Kansas Medical Center, Wichita State University and WSU Tech to establish a regional health sciences educational hub. Once operational, the CCC will offer WBC students hands-on clinical mental health training and possible career internships. The building will transition COMCARE, a certified community behavioral health clinic, from a residential facility to a new level of care as a crisis intervention center (CIC), providing stabilization services to those with more serious mental health needs. The CIC will allow for a centralized 9-8-8 suicide and crisis lifeline call center operations and 24/7 access to medical providers. It will also accommodate mental health services…

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Friend Health Opens 15,000 SF Community Health Center in Chicago’s Back of the Yards

Kristin Harlow — Tue, 25 Nov 2025 14:29:30 +0000

CHICAGO — Friend Health, a federally qualified health center (FQHC) serving Chicago’s South Side, has opened its new Back of the Yards community health center. The opening represents the largest expansion in Friend Health’s nearly three decades of service. Located in the Oppenheimer-Goldblatt Bros. Department Store Building at 4700 S. Ashland Ave., the 15,000-square-foot facility is part of the New City United Yards development. The center has triple the footprint of Friend Health’s former neighborhood site and offers primary care and preventive care. Offerings include adult and pediatric primary care, maternal health and mental health, an onsite pharmacy with discounted prescriptions and a full-service laboratory. The clinic features 21 exam rooms with dedicated spaces for pediatrics, adult medicine, OB-GYN and behavioral health, along with community programming such as insurance enrollment, social services navigation, fresh food giveaways and workforce development through a community health worker training program. Dental care is planned for 2026. Friend Health serves more than 40,000 patients annually across the South Side, with six neighborhood health centers and six HRDI behavioral health clinics. The organization offers care regardless of ability to pay.

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CBRE Arranges Sale of 35,171 SF Medical Outpatient Building in Durham

Abby Cox — Mon, 24 Nov 2025 13:01:00 +0000

DURHAM, N.C. — CBRE has arranged the sale of EmergeOrtho Southpoint, a 35,171-square-foot medical outpatient building (MOB) and ambulatory surgery center (ASC) located within the larger Westpoint development in Durham. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin, Tom Fritsch and Joe Graham of CBRE represented the seller. Both the buyer and seller requested anonymity. EmergeOrtho Southpoint serves as a comprehensive orthopedic care center and is fully occupied by EmergeOrtho, North Carolina’s largest orthopedic group, and its affiliate Southpoint Surgery Center, which is a joint venture between EmergeOrtho and Surgery Partners. The remaining lease term for the building is more than 13 years. The property, which was constructed in 2020, features two operating rooms and four procedure rooms.

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Lument Securities Arranges $140M Sale of Four Long-Term Healthcare Communities in West Virginia

John Nelson — Thu, 20 Nov 2025 15:54:45 +0000

NEW YORK CITY — Lument Securities has arranged the $140 million sale of four long-term healthcare communities in West Virginia. Marx Development Group (MDG) purchased the 511-bed portfolio and has selected its subsidiary, Majestic Care, to operate the communities. Laca Wong-Hammond of Lument Securities represented the seller, the State of West Virginia, in the transaction. The properties include Hopemont Hospital in Terra Alta, Jackie Withrow Hospital in Beckley, John Manchin Sr. Health Care Center in Fairmont and Lakin Hospital in West Columbia. In addition to funding the purchase, the closing provides for a minimum of another $80 million that MDG has committed to using for the construction of three to five new long-term care communities in the coming years.

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Cooper Commercial Negotiates Sale of Medtail Clinic in Cheektowaga, New York

Taylor Williams — Thu, 20 Nov 2025 13:38:30 +0000

CHEEKTOWAGA, N.Y. — Cleveland-based brokerage firm Cooper Commercial Investment Group has negotiated the sale of a medtail clinic in Cheektowaga, located just east of Buffalo, that is occupied by cannabis dispenser Verilife. According to LoopNet Inc., the facility at 3760 Union Road was built in 1989 and spans 3,606 square feet. Dan Cooper of Cooper Commercial represented the undisclosed, New York-based seller in the transaction. The buyer was also not disclosed.

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Eastern Union Arranges $33.4M Acquisition Loan for Brooklyn Medical Office Building

Taylor Williams — Wed, 19 Nov 2025 15:32:49 +0000

NEW YORK CITY — Eastern Union has arranged a $33.4 million acquisition loan for a 144,263-square-foot medical office building in Brooklyn. The four-story building at 6201 15th Ave. is located in the Borough Park neighborhood and was most recently renovated in 2010. Alex Jaffa and Ben Halpern of Eastern Union arranged the loan, which was structured with an 80 percent loan-to-value ratio, an interest rate of 5.55 percent over a five-year term based on a 25-year amortization schedule. The direct lender was Webster Bank. The borrower was not disclosed.

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New Promise Neuropathy to Open 3,000 SF Wellness Clinic in Spring, Texas

Taylor Williams — Fri, 14 Nov 2025 15:33:49 +0000

SPRING, TEXAS — New Promise Neuropathy will open a 3,000-square-foot wellness clinic in Spring, a northern suburb of Houston. The space is situated within Spring Oaks Plaza, a newly developed, 10,188-square-foot retail strip center located at 4544 Spring Stuebner Road. Diana Gaines and Jackson Cain of SVN | J. Beard Real Estate represented the landlord, an entity doing business as Spring Oaks Investments LLC, in the lease negotiations. D.J. Hale of Oxford Partners represented the tenant.

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Progressive Real Estate Partners Brokers $10.5M Sale of Indian Wells Medical & Professional Center in California

Amy Works — Fri, 14 Nov 2025 14:25:28 +0000

INDIAN WELLS, CALIF. — Progressive Real Estate Partners has brokered the sale of Indian Wells Medical & Professional Center, located at 74785 Highway 111 in Indian Wells. Miami-based Kresher Capital sold the property to Orange County, Calif.-based Circle Vision for $10.5 million. Built in 1996, the two-story Indian Wells Medical & Professional Center offers 40,750 square feet of commercial space, as well as courtyards, outdoor seating and covered parking. Current tenants include Charles Schwab, RadNet, Mercer Financial and SBEMP Law. Greg Bedell and Heather Sharp of Progressive Real Estate Partners represented the seller, while the buyer was self-represented in the deal.

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Värde Provides $48M Refinancing for Synergy Medical Center in Englewood, Colorado

Amy Works — Thu, 13 Nov 2025 14:28:53 +0000

ENGLEWOOD, COLO. — Värde Partners, a global investment firm specializing in credit and credit-related assets, has closed a $48 million loan to refinance Synergy Medical Center in Englewood. Newmark’s Ramsey Daya, Chris Moritz and Grant Gooding arranged the three-year, floating-rate loan for the sponsor. Constructed in 2021 on the Swedish Medical Center campus, the 104,000-square-foot medical office building is 80 percent leased to a variety of medical tenants. HCA HealthOne, as the largest tenant, operates an ambulatory surgery center as well as specialized clinics for neurosurgery, orthopedics and physical therapy.

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