Medical Archives

HTA closes $150M Dignity Health portfolio in Phoenix, Calif.

by in AZRE Magazine | Medical

Healthcare Trust of America, Inc. (NYSE: HTA), the largest owner and operator of medical office buildings in the United States, announced today that it closed on the previously announced medical office building portfolio in Arizona and Southern California. The total consideration for the portfolio was approximately $150 million, or $253 per square foot. The portfolio… Read More →

Scottsdale-based real estate trust looks to buy $2.75 billion medical office portfolio

by in AZRE Magazine | Medical

Scottsdale-based Healthcare Trust of America Inc. (NYSE:HTA) is looking to purchase a $2.75 billion, 6.1 million-square-foot medical office portfolio from Indiana-based Duke Realty Corporation. On Monday, Healthcare Trust announced that it entered into a definitive agreement to acquire every medical office building asset and the medical development platform of Duke Realty. If the deal goes… Read More →

Dexcom renovates warehouse into medical device manufacturing space

Skanska, one of the largest construction and development firms in the United States, is finishing construction on phase one of Dexcom’s facility located at 232 S. Dobson Road in Mesa. This 145,000-square-foot project is a build-out of an existing shell building. The first phase includes the renovation of a 60,000-square-foot industrial warehouse to medical device manufacturing space… Read More →

Yavapai County medical office sale breaks record

Yavapai County medical office
by in AZRE Magazine | Medical

CBRE has completed the sale of Thumb Butte Medical Center, a 12,000-square-foot Class A medical office building located at 3124 Willow Creek Rd., in Prescott. The property sold for $4.5 million, or $375-per-square-foot, a new high-water mark for a medical office building sale in Yavapai County, Arizona. The building is 100 percent leased to Thumb Butte… Read More →

Anthem Medical Plaza sells for $10.6M

Anthem Medical Plaza
by in AZRE Magazine | Medical

A prominently placed, HonorHealth-anchored medical plaza in Anthem was sold for $10,600,000, according to ORION Investment Real Estate. The multi-tenant medical complex located at the gateway entrance into Anthem at Anthem Way and Gavilan Peak Parkway, was sold by WCCP Anthem Medical LLC, PEA Enterprises LLC, William Metzler and Scott Douglass, managing members. An entity… Read More →

Land purchased for upcoming Gilbert medical campus

Gilbert medical campus
by in AZRE Magazine | Medical

Irgens completed the $17 million acquisition of four acres of land for an upcoming Gilbert medical campus that is already 65 percent pre-leased. Groundbreaking is planned to start this week for the medical campus, Spectrum Medical Commons, near Val Vista Drive and the 202 SanTan Freeway. The facility will be adjacent from the Dignity Health Mercy… Read More →

2017 Outlook: Medical market looking strong

Tempe
by in AZRE Magazine | Medical

Bioscience and medical sectors remain strong with dozens of projects occurring across the Valley. The transition in healthcare to a “well care” system instead of “sick care” model is accompanied by a goal to make healthcare faster, more convenient and accessible by developing more clinics, urgent cares and outpatient facilities. Expect to see a growing… Read More →

Roundtable: What’s new in medical building trends?

medical buildings
by in AZRE Magazine | Medical

Bioscience and healthcare industries continue to thrive in Arizona with the facilitation of unique and collaborative ways to implement new products, innovations and improve overall care and treatment. According to the Arizona Commerce Authority, healthcare employers in the state are outpacing their national counterparts and other types of industries. The ACA reports, “In 2015, healthcare… Read More →

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

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

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 →