InSite Medical Properties of Denver said it has sold its interest in two medical-office portfolios in nine states to its joint-venture partner in the portfolios, Nationwide Health Properties Inc. (NHP)
The portfolios include 36 properties with total space of 1.3 million square feet.
Terms were not disclosed.
InSite Medical Properties is a medical office investment and management affiliate [...]
Shelbyville will soon see some growth near Heritage Medical Center with the planned construction of two new medical office buildings.
Next week, Shelbyville’s planning commission will consider site plans for two structures — a 30,000-square foot, two-story medical office building to be located on Frank Martin Road across from the Bedford County Emergency Medical Service offices [...]
Washington Real Estate Investment Trust, which grew revenue from tenants last quarter, has acquired a new building in Virginia to generate even more.
The Rockville-based real estate holding company said Friday it had completed the acquisition, first announced in April 2008, of Lansdowne Medical Office Building for $19.9 million.
The 87,400-square-foot medical office property is located at [...]
LONG BEACH, Calif., Aug 10, 2009 (BUSINESS WIRE) —-HCP (NYSE:HCP) announced that it has successfully completed its $441 million public offering of 17.8 million shares of common stock at a price per share of $24.75, which includes 2.3 million shares sold to the underwriters upon exercise of their option to purchase additional shares. HCP will [...]
Read more →Hospital district purchase could run to $185 million
The Harris County Hospital District has tentatively agreed to buy Memorial Hermann Southwest Hospital this fall with hopes of expanding medical care access to the uninsured and underprivileged, hospital officials said Thursday.
The sale, if approved by Harris County Commissioners Court, would allow the county’s hospital district to add [...]
As the financial calamity of 2008 unfolded, REIT shares have fallen along side the broader market, pushing dividend yields to highs not seen for several years. The industry is now rife with fears stemming from the beleaguered commercial real estate market. For many REITs caught with overleveraged balance sheets, the perfect storm of impending debt [...]
Read more →St. Tammany Parish continues to see plenty of growth, in spite of rough economic times. And particularly in medicine.
Covington’s Medical Arts Pavilion will be the newest medical office complex in the metropolitan area. A groundbreaking ceremony for the $14 million project is scheduled for early September.
Stirling Properties says plans are to build two Class A [...]
NEWTON, Mass., Aug 04, 2009 (BUSINESS WIRE) — Senior Housing Properties Trust today announced that it has closed a $512.9 million mortgage financing with Fannie Mae on the following terms:
Amount of loan: [...]
Stirling Properties said last week that it plans to build two Class A medical office buildings at Lakeview Regional Medical Center.
The $14 million project is dubbed Medical Arts Pavilion.
Each building will be three stories and feature 60,000 square feet of space.
Covington-based Stirling said the buildings will be the newest medical office complex in the metropolitan [...]
Fort Worth may soon be home to a medical research facility that would add as many as 300 jobs to the local economy.
Fred Kimble, founder and CEO of MobiMed Technologies LLC, has applied for $10 million in federal stimulus funds to build a 150,000-square-foot project encompassing an 80-unit assisted living facility and a center for [...]
