MOB's Surge 60%, Kaiser Sells Massive Oakland Tower | Healthcare Real Estate Highlights October 1, 2024
MOB Cap Rates Fall for First Time in Two Years
In Q2 2024, medical outpatient building (MOB) investments surged by 60%, reaching $2.5 billion, with a four-quarter total of $7.7 billion. Sale prices averaged $291 per square foot, 49% higher than traditional office buildings.
Gov. Newsom Considers Legislation to Protect Health Care from Rising Venture Capital Influence
Governor Newsom is contemplating new legislation aimed at safeguarding healthcare from the increasing influence of venture capital.? The proposed measures seek to address concerns over rising costs and ensure that healthcare remains accessible and affordable for Californians.
HCA Healthcare Bets Big on Outpatient Strategy
The articles discuss recent trends in transactions and valuations within the ambulatory surgery center sector.? It highlights factors influencing the market, including increased demand for outpatient services and the impact of regulatory changes.? The analysis suggests that these elements are driving interest and investment in ASCs.?
Top 10 Major Upcoming Midwest and Northwest Construction Projects
The article lists the top 10 upcoming major construction projects in the Midwest and Northwest regions of the U.S. for September 2024. These projects, all in the planning phase, include developments like data centers, mixed-use facilities, medical expansions, and infrastructure projects.?
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HPA Exchange Launches $15.4 Million DST Offering of a Modern Micro-Hospital Leased to an Investment-Grade Tenant??
HPA Exchange has launched a $15.4 million Delaware Statutory Trust (DST) offering for a modern micro-hospital located in Phoenix. The facility is fully leased to an investment-grade tenant, offering accredited investors an opportunity to invest in a stable, income-generating healthcare property.
California Health System Completes Acquisition of Two Hospitals??
Adventist Health has completed the acquisition of two hospitals from Tenet Healthcare for $550 million. The deal includes Sierra Vista Regional Medical Center and Twin Cities Community Hospital, both located in San Luis Obispo County, California. Along with the hospitals, a network of primary and specialty care clinics was also acquired.
Notable Transactions
JLL Arranges Sale of 276,529 SF Lakeview Innovation Center Flex Campus in Thousand Oaks, California
JLL Capital Markets facilitated the sale of the 276,529-square-foot Lakeview Innovation Center in Thousand Oaks, California, a flex campus with office and R&D spaces, including tenants like Marvell Technologies.
Kaiser Sells Massive Oakland Tower to Luxury Developer for $14M
Kaiser Permanente sold its mostly vacant Oakland office tower at 1950 Franklin Street to Behring for $14.35 million. While downsizing office space and relocating employees, Kaiser confirmed its headquarters will stay in Oakland, unaffected by the sale.
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