CBRE facilitates first part of huge MOB monetization
CBRE Group Inc. announcedthe closing of the first tranche of a multistate, 52-building medical office portfolio on behalf of Colorado-based Catholic Health Initiatives for $324 million. In total, the portfolio, which is expected to close in its entirety by year-end, is valued at approximately $700 million. According to Real Capital Analytics Inc.’s Medical Office Building data,…
Kris Oppermann SternMay 25, 2016
Trends in action: Craig Hospital nears completion
After 51 months, with initial planning in winter 2012 and a target completion date set for late 2016, Craig Hospital’s $90 million expansion and renovation is nearing its conclusion. In addition, the hospital announced that it exceeded its $68 million fundraising target by $5 million.
CREJMarch 1, 2016
3 trends impacting medical office demand
Colliers’ analysis of the health care industry and its effect on commercial real estate in the U.S. points to a soaring health care landscape with expected increases in investment and further “retailization.” Colorado follows this national trend presenting a strong performance in 2015.
CREJFebruary 29, 2016
Urology center sells for $35.15M
A high-net-worth buyer out of Minneapolis acquired The Urology Center of Colorado in one of the highest priced medical office building transactions ever to close in the Denver metro area. Olympus Ventures LLC paid $35.15 million, or $623.79 per square foot, for the 56,349-sf building. “This is one of the highest-priced medical buildings I have…
Jolene WollettJanuary 8, 2016