Medical Archives

Denver developers announce plans for McDowell Medical Commons

McDowell Medical Commons
by in AZRE Magazine | Medical

Denver-based National Healthcare Realty and Development announced plans to build McDowell Medical Commons, a medical office building to be located at 10650 W. McDowell Rd. in Avondale. “This building will be strategically located in the health-tech corridor of Avondale,” says Rachael Thompson, senior associate of Colliers International in Greater Phoenix. The project will be located near Banner… Read More →

Report: Older medical offices drag market

Fresenius Medical Care Building, Colliers, WEB
by in AZRE Magazine | Medical

Colliers International in Greater Phoenix released its third quarter 2016 Medical Office Market Report for Greater Phoenix. The report indicates that older medical office buildings are no longer optimally functional and have put a drag on the market. Vacancy of Medical Office space in Greater Phoenix dropped slightly in the third quarter. The vacancy has… Read More →

NAI Horizon negotiates medical office sale

NAI Horizon
by in AZRE Magazine | Medical

The NAI Horizon team of Senior Vice Presidents Barbara Lloyd and Lane Neville represented the seller in the $1.25 million sale of the Phoenix Medical Arts Building at 1002 E. McDowell Rd., in Phoenix. Lloyd and Neville represented Tasker Holdings, LLC. They also represented Tasker Holdings in the purchase of the property through foreclosure in… Read More →

Valley Partnership will discuss developing healthcare projects

healthcare
by in AZRE Magazine | Medical

Valley Partnership has announced the topic for the October 21 breakfast. This month’s panel will discuss the modern healthcare system, including developing and redeveloping new and existing healthcare-related projects. The healthcare industry can be contentious, with change a constant, but continual reality for providers, patients, and ancillary businesses. The pain points experienced by America’s healthcare… Read More →

Trends to watch in 5 commercial real estate markets

Phoenix

It’s that time of year again when commercial real estate firms analyze market activity based on numbers and reports from the first two quarters of the year, and predict how that will impact the rest of 2016 through next year. Experts in their respective markets weighed in on the findings from quarter two reports in… Read More →

12 Most Influential Healthcare Projects in Arizona

Healthcare
by in AZRE Magazine | Medical

Arizona has about 110 hospitals across the state, according to U.S. News & World Report. Four are nationally ranked and seven others meet national high performance standards. Of the 100-plus hospitals, AZRE compiled a list of the 12 most influential healthcare projects in Arizona. The list is in no particular order and projects were chosen… Read More →

Glendale hospital-adjacent medical campus sells for $10.85M

Glendale
by in AZRE Magazine | Medical

Five of the eight buildings comprising a medical campus in Glendale near the Banner Thunderbird Medical Center sold for $10,850,000 ($229.61 PSF). The transaction included a 47,254 square feet controlling interest of prime medical office space within Thunderbird Palms Medical Campus. The Thunderbird Palms offering represented a rare opportunity to acquire modern, net leased, hospital adjacent, medical… Read More →

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 →