Nutex Health Acquires 55,755 SF Hospital in North San Antonio

SAN ANTONIO — Nutex Health, a Houston-based provider that owns and operators 21 facilities across eight states, has acquired a 55,755-square-foot facility in north San Antonio. According to LoopNet Inc., the 65-bed facility was built on 4.1 acres in 1971. Zach Leger of NAI Partners represented Nutex Health in the transaction. Chad Gunter of Transwestern represented the

June 7, 2022Acquisitions, Healthcare, Texas

Kraus-Anderson Completes $9M Expansion of Huron Regional Medical Center in South Dakota

HURON, S.D. — Kraus-Anderson has completed a $9 million renovation and expansion of Huron Regional Medical Center in Huron, a city in eastern South Dakota. The 23,500-square-foot expansion doubled the size of the clinic, providing enough space to serve more patients and house up to 20 physicians. A renovation of the emergency and imaging department added new infusion bays, treatment rooms and advanced hospital imaging, including MRI and 3D Mammography scanners. The property now rises two …

June 6, 2022Development, Healthcare, Midwest, South Dakota

CA Health & Science Trust Acquires Three-Story Medical Office Building Near Milwaukee

WAUWATOSA, WIS. — CA Health & Science Trust Inc. (CAHST) has acquired the Mayfair Health Professional Building in Wauwatosa near Milwaukee. The purchase price was undisclosed. The three-story medical office building, which is situated near Mayfair Mall, is more than 90 percent leased to medical practices offering orthopedic, physical therapy, diagnostic imaging and other services. Gino Lollio and Travis Ives of Cushman & Wakefield’s healthcare capital markets team, along with Mike …

June 2, 2022Acquisitions, Healthcare, Midwest, Wisconsin

Trammell Crow, Diamond Realty Break Ground on 125,000 SF Medical Office Building in Falls Church, Virginia

FALLS CHURCH, VA. — Trammell Crow Co. and Diamond Realty Investments have broken ground on The Wellness Center at West Falls, a six-story medical office building in Falls Church. Slated for delivery in late 2023, the 125,000-square-foot property is part of West Falls, a 1.2 million-square-foot mixed-use property master-developed by Hoffman & Associates.The Wellness Center at West Falls is designed specifically for medical users with the ability to accommodate clinical and surgical …

June 1, 2022Development, Healthcare, Southeast, Virginia

Talia Jevan Properties Sells Optum Center Office Building in Phoenix for $20M

PHOENIX — Vancouver, Canada-based Talia Jevan Properties has completed the sale of Optum Center, a Class A multi-tenant office and medical building located at 20414 N. 27th Ave. in Phoenix. Cleveland-based Woodside Health Development acquired the property for $20 million.Built in 2008, the 81,907-square-foot Optum Center also includes a five-and-a-half level parking garage. At the time of sale, the property was 94 percent leased. The building features an extensive glass curtain wall and …

June 1, 2022Acquisitions, Arizona, Healthcare, Office, Western

Kraus-Anderson Begins $36M Expansion of Mobridge Regional Hospital in South Dakota

MOBRIDGE, S.D. — The North Dakota office of Kraus-Anderson has begun a $36 million expansion and renovation of Mobridge Regional Hospital and Clinics in Mobridge, a city in South Dakota situated along the Missouri River. The campus includes a 25-bed critical access hospital, four federally certified rural health clinics, a 24-bed assisted living and seniors housing center and a rural ambulance service. The expansion project will include a new patient wing, surgery suite and ambulance garage, …

May 26, 2022Development, Healthcare, Midwest, South Dakota

Colliers Negotiates $14M Sale of Medical Office Building Near Pittsburgh

PLEASANT HILLS, PA. — Colliers has negotiated the $14 million sale of a 33,172-square-foot medical office building in Pleasant Hills, a southern suburb of Pittsburgh. Gregg Broujos and Kim Kretowicz of Colliers represented the undisclosed seller and the buyer, Tampa-based Sila Realty Trust, in the transaction. At the time of sale, the building was fully leased to tenants such as Jefferson Hospital / Allegheny Health Network, Kids Plus Pediatrics, Miracle Dental Associates and Vision Care …

May 24, 2022Acquisitions, Healthcare, Northeast, Pennsylvania

Rising Interest Rates and Inflation to Fuel Change in Property Markets

Beginning in the fourth quarter of 2020, commercial real estate buyers and sellers moved off the sidelines and began fueling an impressive investment sales rebound as many pandemic-related lockdowns and restrictions eased or ended. The rush to purchase hard assets hit its apex a year later when commercial property sales surged to a record $362 billion in the fourth quarter of 2021 alone, according to Real Capital Analytics, a part of MSCI Real Assets that tracks property transactions of $2.5 …

May 24, 2022Content Partner, Features, Healthcare, Industrial, Loans, Midwest, Multifamily, NAI, Northeast, Office, Southeast, Texas, Western

McCarthy Tops Out 365,000 SF Texas Children’s Hospital in Austin

AUSTIN, TEXAS — General contractor McCarthy Building Cos. has topped out the new 365,000-square-foot Texas Children’s Hospital in Austin, construction of which began last summer. The 52-bed facility will provide a range of services for women and children, including neonatal intensive care, pediatric intensive care, postpartum care, diagnostic imaging, acute care and urgent care. The hospital will also have an adjacent, 170,000-square-foot outpatient building that will house specialty care …

May 19, 2022Development, Healthcare, Texas

MMCC Arranges $18.4M in Financing for Healthcare Facility in Temple, Texas

TEMPLE, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged $18.4 million in joint venture equity and acquisition financing for a 53-bed healthcare facility located in the Central Texas city of Temple. Kevan McCormack of MMCC arranged the debt portion of the financing through an undisclosed community bank on behalf of the undisclosed borrower, which intends to use a portion of the proceeds to convert the building into a long-term acute care hospital. California-based KPC Health …

May 19, 2022Healthcare, Loans, Texas