Medical Archives

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 →

UA’s Phoenix biomedical building hits milestone

Phoenix biomedical
by in AZRE Magazine | Medical

A construction milestone was celebrated Thursday, at the new Biomedical Sciences Partnership Building, as the final beam was placed atop the 10-story building in downtown Phoenix. Located on the University of Arizona College of Medicine – Phoenix campus at 475 N. Fifth St., the 245,000 square-foot research building will be a hub for healthcare and… Read More →

Middlefork Commercial sells medical building for $1.25M

123rf.com: feverpitched
by in AZRE Magazine | Medical

Middlefork Commercial recently facilitated the $1.25 million sale of a medical office building at 808 Ainsworth Dr. in Prescott. The two-tenant medical building was purchased by Van DE Mortel Trust from 808 Ainsworth, LLC. Sean Bishop, CCIM of MIddlefork Commercial represented the seller in the transaction. The building was fully occupied at the time of the… Read More →

2015 medical office vacancy lowest since 2008

medical office vacancy
by in AZRE Magazine | Medical

The Greater Phoenix medical office market strengthened in 2015, particularly in the second half of the year, according to Colliers International‘s fourth quarter 2015 medical office market report. Vacancy ended the year below 17 percent, the lowest figure since mid-2008. Local vacancy is expected to continue this gradual pace of improvement, even as a few new… Read More →

Irgens completes Harbor Vista Medical Center development

Harbor Vista Medical Center
by in AZRE Magazine | Medical

Irgens announced development completion of shell and core construction for Harbor Vista Medical Commons, the new Cigna Medical Group Sun City Multi-Specialty Center at 9069 W. Thunderbird Ave. The 60,000-square-foot, build-to-suit facility will offer health care delivery services to Cigna Medical Group patients. Scheduled to open for patients in October, project development is meeting Cigna’s… Read More →

Phoenix Kindred Transitional Care Center completed

Kindred Transitional Care Center
by in AZRE Magazine | Construction | Medical

The Weitz Company completed the newest Kindred Transitional Care Center located near 19th and Van Buren Streets, making it Kindred’s third transitional center in the Valley. Built near downtown Phoenix at1880 E. Van Buren Street, Kindred is a 120 bed post-acute care facility focused on patient rehabilitation. The facility is a new 3-story, 81,000 square foot structure… Read More →

Scottsdale medical plaza sells for $1.5M

Scottsdale Medical Plaza
by in AZRE Magazine | Brokerage | Medical

Scottsdale office and medical complex, Plaza Leyenda, sold for $1,523,000 to Utah-based MD Consultants. Capital Asset Management represented MD Consultants, and Deleware-based FNBN-CMLCON I LLC sold the property located near Frank Lloyd Wright and Shea Boulevards. Plaza Leyenda offers easy access to the Loop 101 and is within minutes of the Mayo Clinic and Scottsdale… Read More →

Colliers completes Thunderbird Wellness Centre sale

Thunderbird Wellness
by in AZRE Magazine | Brokerage | Medical | New to Market

Colliers International in Greater Phoenix recently completed the sale of the Class A, 56,413-square-foot Thunderbird Wellness Centre in Peoria, Arizona. The institutional-quality medical and wellness complex was 88-percent occupied at the time of the sale. MedProperties in Northbrook, Illinois purchased the center, located at 6750-6790 W. Thunderbird Rd., from Second City Real Estate in Vancouver,… Read More →