Medical Archives

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 →

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 →