Medical Archives

Irgens announces upcoming Gilbert medical campus

Gilbert medical campus
by in AZRE Magazine | Construction | Medical

The Irgens Phoenix office announced plans to develop Spectrum Medical Commons, a multi-building medical campus near Val Vista Drive and the 202 Santan Freeway. The Spectrum Medical Commons property is located immediately adjacent to Dignity Health Mercy Gilbert Medical Center. Groundbreaking of the first building is scheduled for January 2017 with completion slated for fall 2017.… Read More →

Arizona Oncology breaks ground on state-of-the-art treatment center

Arizona Oncology
by in AZRE Magazine | Construction | Medical

Arizona Oncology, one of the largest medical groups in Arizona devoted exclusively to cancer care and a practice in The US Oncology Network, held a groundbreaking ceremony Friday for its new state-of-the-art cancer treatment center in the East Valley. The new 21,000-square-foot facility will be located at Arizona State University Research Park.  Scheduled to open in April 2017, it will offer patients in the growing… Read More →

Phoenix medical office space leasing faster than space is added

Healthcare Reform Impacting Healthcare Real Estate
by in AZRE Magazine | Medical

Colliers International in Greater Phoenix released its mid-year 2016 Medical Office Market Report for Greater Phoenix. Vacancy of Medical Office space in Greater Phoenix dropped in the second quarter to 16 percent, which is 180 basis points below mid-year 2015. Vacancy in both on-campus and off-campus locations has declined during second quarter. Net absorption of… Read More →

Spec Arrowhead Orchards medical office development is coming

Arrowhead orchards
by in AZRE Magazine | Medical

The Arrowhead Orchards medical office development is slated to see the first MOB spec project in the Valley since the recession. The property owner, Arrowhead Health Center, LLC, an entity affiliated with Legend Real Estate Management, Inc., will be developing more than 22,000 square feet of new product in the coming months. Los Angeles-based Legend… Read More →

Woodside Health buys Arrowhead Creekside Medical Building

Woodside Health
by in AZRE Magazine | Medical

Ohio-based Woodside Health/Crescendo Commercial made its first Phoenix market purchase with a Glendale medical complex, Arrowhead Creekside, according to Newmark Grubb Knight Frank (NGKF), one of the brokers of the deal. The eleven building, 69,930-square-foot portfolio of single-story properties, at 7200 W. Bell Rd., was sold by IX CW 7200 West Bell Road, L.P. for $10,936,000,… Read More →

Arrowhead Creekside in Glendale sells for $11.15M

Arrowhead Creekside
by in AZRE Magazine | Medical

An 11 building medical office campus, Arrowhead Creekside, sold for $11.15 million in Glendale at 7200 W. Bell Rd., according to Cushman & Wakefield on behalf of owner Washington D.C. based Starwood. Arrowhead Creekside is an 69,858 square-foot, medical office campus located in the prestigious Arrowhead Ranch area of Glendale. The project was 97 percent occupied at the… Read More →

Prescription for growth: one-stop-shop healthcare

healthcare

There’s nothing quite like one-stop-shopping, where all of your errands can be finished in one trip. West Valley residents will soon realize the pleasures of one-stop-healthcare, a new development trend, with Dr. John Simon’s latest project: Westgate Healthcare Campus. The first phase of the 250,000-square-foot, $30 million campus is expected to be finished at the… Read More →

Gilbert land will be developed into senior living facility

downtown Gilbert AZ
by in AZRE Magazine | Medical

Cushman & Wakefield announced that Kaplan Cheng Investment Group, LLC purchased ±3.81 acres at Lindsay and Williams Field Roads in Gilbert, Ariz. for $1.3 million. The developer plans to develop a ±79,869 square-foot two-story senior living facility with 92 beds, including 36 memory care units. Cushman & Wakefield Vice Presidents Will French and Brian Rosella… Read More →

Medical office demand on rise

Multi-State Medical Office Building Portfolio
by in AZRE Magazine | Medical

Colliers International in Greater Phoenix released its Medical Office Research and Forecast Report for first quarter 2016. Conditions were mixed in the Greater Phoenix medical office market in the first quarter. Vacancy ticked lower, but the rate rose in on-campus buildings. Across the market, rents dipped in the first quarter, but have inched higher over… Read More →

IPA starts building Generations at Ahwatukee

Flagstaff lost the highest percentage of construction jobs
by in AZRE Magazine | Construction | Medical

Investment Property Associates LLC (IPA) and Retirement Community Specialists (RCS) announced construction is now underway on its senior living community, Generations at Ahwatukee. The project, located at the southeast corner of Chandler Boulevard and 50th Street is targeted for completion by mid-summer 2017. The community will include a total of 137 units, comprised of 97 independent/assisted living… Read More →

CRE industry helps West Valley rise

Loop 303 I-10 Interchange

Communities where folks live, work and play has been the foundation from which the West Valley has grown, but many West Valley residents have been left out of the fun as they spend a large amount of time commuting to the East Valley for work. WESTMARC and its new CEO Sintra Hoffman hope to change… Read More →

Mainstreet Health starts construction on post-acute property

stroke
by in AZRE Magazine | Construction | Medical

Construction on Phoenix’s latest post-acute development is now underway. Mainstreet and Mainstreet Health, the operating company of Mainstreet, broke ground in mid-February. This will be the first project Mainstreet Health will operate for Mainstreet. The property, located at 3000 N. 91st Ave. in Phoenix, boasts 94 private beds, 67,697 square feet and will provide post-acute care (short-stay rehabilitation… Read More →

ORION closes medical office for $3.2M

medical office
by in AZRE Magazine | Medical

ORION Investment Real Estate is proud to announce the sale of the Parkwood Professional Plaza for $3,200,000 ($43.53/SF). This 73,514 square-foot, four-story, medical office building is situated at the intersection of 19th Avenue and Missouri Avenue, next to the new park-and-ride lot for the Valley Metro Light Rail system. The property was 40 percent occupied… Read More →

LGE Design Build completes 20K SF medical offices

LGE Design Build
by in AZRE Magazine | Medical

LGE Design Build has completed a 20,500-square-foot medical office building in Anthem for Wood Orthodontics and Sheppard Pediatric Dentistry. The new horseshoe-shaped building, at 41930 N. Venture Dr., includes a water feature in the courtyard. A bubble wall that blows real bubbles for patients separates the offices for Wood Orthodontics and Sheppard Pediatric Dentistry. The building has visible… Read More →