Healthcare Archives - REBusinessOnline

Bradford Allen Negotiates Two Office Leases for Illinois Retina in Chicago Market

Kristin Harlow — Mon, 20 Jul 2026 13:46:39 +0000

SKOKIE, ILL. AND MUNSTER, IND. — Bradford Allen has negotiated two leases on behalf of Illinois Retina in the Chicago market. The medical services provider signed a 16,228-square-foot lease in Skokie, Ill., as well as an 8,728-square-foot lease in Munster, Ind., about 30 miles southeast of Chicago. Craig Nadborne of Bradford Allen negotiated the leases for Illinois Retina. Nadborne has completed more than a dozen renewals, relocations, expansions and renegotiations on behalf of the tenant over the past 20 years. The Skokie office is at Concourse Office Plaza. The long-term transaction marked a renewal and expansion from approximately 3,000 square feet. The property comprises two 12-story medical office buildings. Illinois Retina’s Munster office relocated from a smaller facility to 9200 Calumet Ave., a single-story medical office complex.

The post Bradford Allen Negotiates Two Office Leases for Illinois Retina in Chicago Market appeared first on REBusinessOnline.

Marcus & Millichap Brokers $5.8M Sale of Medical Office Property in Davison, Michigan

Kristin Harlow — Fri, 17 Jul 2026 14:13:14 +0000

DAVISON, MICH. — Marcus & Millichap has brokered the $5.8 million sale of a 50,017-square-foot medical office property in Davison, a suburb of Flint. The two-suite office building is situated on 3.3 acres at 1515 Cal Drive. Built in 2003, the property is fully occupied by McLaren Health Management Group and The Cottage of Davison. McLaren provides home health, palliative care, hospice, home infusion, long-term care pharmacy and comprehensive laboratory services. The Cottage of Davison is a full-service memory care community. Jacob Keith and David Weinberg of Marcus & Millichap represented the seller, the owner and build-to-suit developer. A local OBR procured the buyer, a Michigan-based investor.

The post Marcus & Millichap Brokers $5.8M Sale of Medical Office Property in Davison, Michigan appeared first on REBusinessOnline.

Robins & Morton Tops Out $563M BayCare Hospital Manatee in Palmetto, Florida

John Nelson — Thu, 16 Jul 2026 15:14:07 +0000

PALMETTO, FLA. — General contractor Robins & Morton has topped out BayCare Hospital Manatee, a $563 million hospital underway in Palmetto, a city in Southwest Florida’s Manatee County. Situated one mile from the junction of I-75 and I-275, the 450,000-square-foot hospital will offer 154 beds in private patient rooms. Gresham Smith designed the hospital as well as the adjacent BayCare HealthHub clinic on behalf of BayCare. The Florida-based healthcare system plans to open BayCare Hospital Manatee, its 17th hospital, in 2028. The BayCare HealthHub facility is expected to open later this year.

The post Robins & Morton Tops Out $563M BayCare Hospital Manatee in Palmetto, Florida appeared first on REBusinessOnline.

Pinecroft Realty Refinances Two Metro Houston Medical Office Buildings Totaling 70,000 SF

Taylor Williams — Wed, 15 Jul 2026 14:59:47 +0000

SHENANDOAH AND RICHMOND, TEXAS — Pinecroft Realty has refinanced two medical office buildings totaling approximately 70,000 square feet in metro Houston. The loan amount(s) was not disclosed. The buildings include the 57,000-square-foot Vision Park Medical Office Building in Shenandoah, located north of Houston, and the 13,000-square-foot Memorial Hermann Surgery Center of Richmond, located southwest of Houston. Noth Carolina-based Live Oak Bank provided the loan(s).

The post Pinecroft Realty Refinances Two Metro Houston Medical Office Buildings Totaling 70,000 SF appeared first on REBusinessOnline.

Transwestern Acquires Forte Real Estate Partners in Minneapolis

Kristin Harlow — Tue, 14 Jul 2026 13:59:54 +0000

MINNEAPOLIS — Transwestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities. The transaction adds 12 healthcare, office and industrial tenant advisory team members and a broad property management portfolio. Established in 2021 through the merger of Excelsior Advisory and Paramount Real Estate Corp., Forte provides brokerage and property services across the Twin Cities region. Founders Steve Brown, Jim Jetland and Philip Simonet will join Transwestern, bringing decades of experience and knowledge across healthcare, office and industrial real estate, respectively. Forte has advised clients on more than $885 million in transactions and managed nearly 1 million square feet of commercial property. Following the acquisition, Transwestern maintains roughly 475 team members across the Midwest and oversees more than 52 million square feet of office, industrial, healthcare, retail and government properties. The Forte team will join Transwestern’s Minneapolis office at 705 Marquette Ave.

The post Transwestern Acquires Forte Real Estate Partners in Minneapolis appeared first on REBusinessOnline.

Colliers Brokers Sale of 40,185 SF Former Veterinary Hospital in Tinton Falls, New Jersey

Taylor Williams — Fri, 10 Jul 2026 14:21:17 +0000

TINTON FALLS, N.J. — Colliers has brokered the sale of the former Red Bank Veterinary Hospital building, located at 197 Hance Ave. in the Central New Jersey community of Tinton Falls. According to LoopNet Inc., the building was constructed in 2004 and totals 40,185 square feet. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers represented the seller and procured the buyer in the transaction, which was executed via auction platform Ten-X. Both parties requested anonymity.

The post Colliers Brokers Sale of 40,185 SF Former Veterinary Hospital in Tinton Falls, New Jersey appeared first on REBusinessOnline.

Jackson Health Completes $400M Emergency Room Expansion in Miami

Abby Cox — Thu, 02 Jul 2026 12:33:00 +0000

MIAMI — Jackson Health System has completed the first phase of the $400 million renovation and expansion of its emergency room at Jackson Memorial Hospital in Miami. The newly built, ground-up emergency room has doubled its original footprint, which now spans 178,000 square feet. Designed by HKS and built by Skanska, the project included the demolition of two existing buildings to create space for the expanded facility. Phase I of the renovation features 60 general exam rooms, four resuscitation rooms, six triage and 12 fast-track rooms, along with a second floor that comprises 50 observation rooms and seven acute care rooms. Patients also now have access to a full radiology suite with MRI, CT, X-ray and ultrasound capabilities, as well as an on-site pharmacy for immediate delivery of medications. Phase II of the project will continue to expand the existing 45,000-square-foot emergency room with 121 adult emergency rooms, dedicated behavioral health bays and 30 pediatric emergency rooms. Renovations are underway and scheduled for completion in 2027. Lastly, Phase III will further expand the emergency room through the addition of a third floor with more clinical space and a helipad for rapid transfers and life-saving arrivals.

The post Jackson Health Completes $400M Emergency Room Expansion in Miami appeared first on REBusinessOnline.

Matthews Arranges Sale of Four-Property Medical Office Portfolio in Spokane, Washington

Amy Works — Wed, 01 Jul 2026 13:39:25 +0000

SPOKANE, WASH. — Matthews has arranged the sale of a four-property medical office portfolio located at 427 S. Bernard St., 9651 N. Nevada St., 31 E. Central Ave. and 208 W. 5th Ave. in Spokane. Michael Moreno, Rahul Chhajed and Tyler Swade of Matthews represented the seller, a group of physician owners, in the transaction. Terms of the deal were not released. The Spokane Eye Clinic Portfolio is composed of 72,000 square feet of medical office space that is fully occupied by a 28-physician practice with more than 70 years of operating history supporting over 146,000 annual patient visits and 13,000 surgical procedures. The clinic operates under PRISM Vision Group, a McKesson-backed national ophthalmology platform with more than 100 affiliated locations, under NNN lease structures with 2.5 percent annual rent escalators.

The post Matthews Arranges Sale of Four-Property Medical Office Portfolio in Spokane, Washington appeared first on REBusinessOnline.

Transwestern Investments Sells 93,262 SF Medical Outpatient Facility in Gilbert, Arizona

Amy Works — Fri, 19 Jun 2026 13:07:45 +0000

GILBERT, ARIZ. — Transwestern Investments has sold Copper Point, a 93,262-square-foot medical outpatient property in Gilbert. Terms of the transaction were not released. Transwestern purchased the asset in April 2025 through a joint venture with RX Health & Science Trust. During ownership, the partnership brought the building to full occupancy and completed capital improvements. Located at 3530 S. Val Vista Drive, Copper Point is anchored by City of Hope and houses healthcare providers such as Prosano Health, an affiliate of Blue Cross Blue Shield of Arizona, and Phoenix Children’s Hospital. Built in 2008, Copper Point is adjacent to Dignity Health’s Mercy Gilbert Medical Center, a 418-bed, full-service hospital located at the intersection of South Val Vista Drive and Highway 202.

The post Transwestern Investments Sells 93,262 SF Medical Outpatient Facility in Gilbert, Arizona appeared first on REBusinessOnline.

Cooper Group Brokers Sale of Single-Tenant Medical Building in Wadsworth, Ohio

Kristin Harlow — Tue, 09 Jun 2026 13:04:37 +0000

WADSWORTH, OHIO — The Cooper Commercial Investment Group has brokered the sale of a single-tenant medical building occupied by Cleveland Clinic Urgent Care in Wadsworth near Akron. The property recently received nearly $7 million in upgrades from the Cleveland Clinic to transform the asset into a modern urgent care facility with onsite imaging and lab services. Dan Cooper of Cooper Group represented the seller, a private New York-based investor. The property sold at a 5.6 percent cap rate to another private investor based out of New York in an all-cash transaction.

The post Cooper Group Brokers Sale of Single-Tenant Medical Building in Wadsworth, Ohio appeared first on REBusinessOnline.

Berkadia Secures $37.6M C-PACE Loan for Outpatient Medical Facility in D.C.

Abby Cox — Fri, 05 Jun 2026 14:03:03 +0000

WASHINGTON, D.C. — Berkadia has secured $37.6 million in C-PACE (Commercial Property-Assessed Clean Energy) financing for 1201 Sycamore, a trophy outpatient medical and community services facility located in Washington, D.C.’s Congress Heights neighborhood. The 117,075-square-foot medical facility was completed in 2023 and is leased to firms including Whitman-Walker Health and Whitman-Walker Clinic. J Street Cos. manages the property. Brian Gould, Natalie Hershey, Patrick McGlohn, Patrick Cunningham and Hunter Wood of Berkadia arranged the 28-year loan through Nuveen Green Capital on behalf of the locally based borrowers, Redbrick LMD and Gragg Cardona Souadi. The financing supports the property’s energy efficiency, water conservation and resiliency components. DC Green Bank is the administrator of the DC PACE program.

The post Berkadia Secures $37.6M C-PACE Loan for Outpatient Medical Facility in D.C. appeared first on REBusinessOnline.

Levin Johnston Negotiates $23.7M Sale of Medical Office Property in Rohnert Park, California

Amy Works — Fri, 05 Jun 2026 13:27:36 +0000

ROHNERT PARK, CALIF. — Levin Johnston of Marcus & Millichap has directed the sale of a 67,584-square-foot medical office property located at 5900 State Farm Drive in Rohnert Park. A private family ownership group acquired the asset from an undisclosed seller for $23.7 million. Kaiser Permanente and Petaluma Health Center anchor the two-story property. Robert Johnston, Adam Levin and Justin Fink of Levin Johnston of Marcus & Millichap represented the seller and procured the buyer in the deal.

The post Levin Johnston Negotiates $23.7M Sale of Medical Office Property in Rohnert Park, California appeared first on REBusinessOnline.

BGO Acquires 41,810 SF Medical Office Building in Metro Tampa

John Nelson — Tue, 02 Jun 2026 13:49:11 +0000

RIVERVIEW, FLA. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired 6606 Simmons Loop Road, a 41,810-square-foot medical office building located in the Tampa suburb of Riverview. The two-story property was fully leased at the time of sale to Women’s Healthcare Enterprises and AdventHealth. CBRE negotiated the transaction on behalf of BGO.

The post BGO Acquires 41,810 SF Medical Office Building in Metro Tampa appeared first on REBusinessOnline.

Advocate Health Acquires Outpatient Center in Metro Chicago for $23.4M

Kristin Harlow — Tue, 02 Jun 2026 13:23:46 +0000

NAPERVILLE, ILL. — Advocate Health and Hospitals Corp., a wholly owned subsidiary of Advocate Health, has purchased the Advocate Health Cardiovascular ASTC & Outpatient Center in Naperville for $23.4 million. HSG Medical and Capital Healthcare Properties sold the 42,438-square-foot, single-tenant medical facility. Developed by HSG Medical and Capital Healthcare Properties, the newly redeveloped property is a cardiovascular ambulatory surgery treatment center (ASTC) and outpatient facility. The building was purpose-built to serve as an extension of Advocate’s cardiology program at Advocate Good Samaritan Hospital and houses a dedicated cardiac catheterization operating room, prep and post-recovery services, cardiovascular specialty clinician offices, primary care, cardiac diagnostics, a lab and imaging services. The redevelopment project converted an existing building into the modern medical facility. Alex Sharrin of JLL represented the sellers, while Tom Hollinden of CBRE represented the buyer.

The post Advocate Health Acquires Outpatient Center in Metro Chicago for $23.4M appeared first on REBusinessOnline.

CBRE Negotiates 37,816 SF Healthcare Lease Expansion in Pittsburgh

Taylor Williams — Thu, 28 May 2026 13:10:00 +0000

PITTSBURGH — CBRE has negotiated a 37,816-square-foot healthcare lease expansion in Pittsburgh. The tenant, Blink Health, a New York City-based provider of digital pharmaceutical services, is expanding from 53,076 to 90,892 square feet at the 148,000-square-foot Building 5 within Penn Center West, where Blink has been a tenant since 2009. Carmine DiLucente, Michael Stuart and Danielle Lafe of CBRE represented Blink Health in the lease negotiations. Adam Viccaro, Dominika Demantova and Charlie Must, also with CBRE, represented the landlord, The Soffer Organization.

The post CBRE Negotiates 37,816 SF Healthcare Lease Expansion in Pittsburgh appeared first on REBusinessOnline.

Newmark Brokers $32.1M Sale of Metro Boston Healthcare Property

Taylor Williams — Fri, 22 May 2026 14:49:05 +0000

WATERTOWN, MASS. — Newmark has brokered the $32.1 million sale of a 52,847-square-foot healthcare property located at 485 Arsenal St. in the western Boston suburb of Watertown. The property consists of two interconnected, low-rise buildings that were fully leased at the time of sale to Atrius Health, a subsidiary of Optum and United Healthcare Services Inc. A partnership between Boylston Properties and institutional investors advised by J.P. Morgan Asset Management sold the asset to JLL Income Property Trust. Robert Griffin, Michael Greeley, Frank Nelson, Blake McLaughlin, Ben Appel, Jay Miele, John Nero and Justin Shepherd of Newmark brokered the deal.

The post Newmark Brokers $32.1M Sale of Metro Boston Healthcare Property appeared first on REBusinessOnline.

Marcus & Millichap Arranges $3.4M Sale of Medical Office Building in Gurnee, Illinois

Kristin Harlow — Wed, 20 May 2026 13:22:48 +0000

GURNEE, ILL. — Marcus & Millichap has arranged the $3.4 million sale of a 10,000-square-foot medical office building leased to Aurora Health Care in Gurnee. The Class A property was built in 2005. Aurora Health Care offers dermatology, family medicine and internal medicine services at the facility. Frank Roti and Brett Rodgers of Marcus & Millichap represented the seller, a private entity. Brian Munn of Marcus & Millichap procured the East Coast-based buyer, which completed a 1031 exchange.

The post Marcus & Millichap Arranges $3.4M Sale of Medical Office Building in Gurnee, Illinois appeared first on REBusinessOnline.

Pinecroft Breaks Ground on $16.2M Healthcare Project in Shenandoah, Texas

Taylor Williams — Mon, 18 May 2026 14:12:25 +0000

SHENANDOAH, TEXAS — Local development and investment firm Pinecroft has broken ground on a $16.2 million healthcare project in The Woodlands, located north of Houston. The project, a 39,883-square-foot medical office building, is fully preleased to providers in specialty practices such as primary care, nephrology, urology, cardiology and infectious diseases. Browne McGregor Architects designed the project, and O’Donnell Snider Construction is serving as the general contractor. Completion is slated for early 2027.

The post Pinecroft Breaks Ground on $16.2M Healthcare Project in Shenandoah, Texas appeared first on REBusinessOnline.

JLL Income Property Trust Buys Metro Boston Healthcare Property for $32M

Taylor Williams — Mon, 18 May 2026 13:30:26 +0000

WATERTOWN, MASS. — JLL Income Property Trust has purchased West Boston Medical Center, a 53,000-square-foot healthcare property located on the western outskirts of the state capital, for $32 million. The 53,000-square-foot building was fully leased at the time of sale to a single provider that recently signed a new 15-year lease. Specialty practices housed within the facility include internal medicine, pediatrics, female reproductive health, radiology, physical therapy and dermatology. The seller was not disclosed.

The post JLL Income Property Trust Buys Metro Boston Healthcare Property for $32M appeared first on REBusinessOnline.

Two New Tenants Ink Leases Totaling 10,700 SF at Medical Outpatient Building in Lindenhurst, Illinois

Kristin Harlow — Fri, 15 May 2026 13:21:01 +0000

LINDENHURST, ILL. — Action Behavior Centers Therapy and Smile Partners have inked leases totaling 10,700 square feet at 1025 Red Oak Lane in Lindenhurst, a far north suburb of Chicago. Davis owns the Class A medical outpatient building. Jason Wurtz and Sarah Walker of NAI Hiffman represented Davis. Constructed in 2012, the two-story, 44,684-square-foot property offers space designed specifically for healthcare users, including efficient floor plates, 10-foot ceiling heights and infrastructure capable of supporting advanced medical technologies.

The post Two New Tenants Ink Leases Totaling 10,700 SF at Medical Outpatient Building in Lindenhurst, Illinois appeared first on REBusinessOnline.