CBRE Facilitated $12 Million Sale of San Clemente MOB

CBRE Facilitated $12 Million Sale of San Clemente MOB

CBRE recently negotiated the sale of a 27,535 square foot medical office building (MOB) in San Clemente, California for approximately $12 million, representing a private seller in the transaction. A Southern California-based high-net individual purchased the property.  The two-story MOB, built in 2002, is situated on 1.66 acres. The building is 92% occupied, with seven medical tenants, including Children’s Hospital of Orange County and Camino Health Center. The price is $436 per square foot.  According to data captured in the LevinPro HC database, this transaction represents the 164th MOB transaction of 2023. This is just slightly slower than last year when there were 168 MOB... Read More »
Emmes Acquires VaxTRIALS 

Emmes Acquires VaxTRIALS 

On October 5 Emmes announced that it entered into an agreement to acquire Panama City, Panama-based VaxTRIALS. According to data captured in the LevinPro HC database, this transaction represents the 29th contract research organization (CRO) acquisition of the year.   A specialized CRO, VaxTRIALS provides solutions in managing and monitoring vaccine clinical trial activities across Latin America. Founded in 2012, it has a presence in 11 Latin-American countries as well as the Philippines. VaxTRIALS’ local regulatory knowledge and wide network of experienced investigational sites ensures rapid trial enrollment and standards.  Founded in 1977, Emmes is a CRO with a client... Read More »
Flagship Acquires MOB in Fredericksburg, Virginia

Flagship Acquires MOB in Fredericksburg, Virginia

Flagship Healthcare Properties announced on October 2 that it has acquired a 38,786-square-foot medical office building (MOB) and ambulatory surgery center in Fredericksburg, Virginia through its private real estate investment fund. SCCV Office Condominium Association sold the Class B asset for an undisclosed price. Fifth Third Bank provided the acquisition financing.  Surgi-Center of Central Virginia, an affiliate of United Surgical Partners International, anchors the MOB property. Other tenants include HCA Virginia – Richmond Multi-Specialty, Fredericksburg Foot & Ankle Center and Allergy & Asthma Center of Fredericksburg. At the time of the sale, the building’s occupancy... Read More »
Montecito Medical Acquires MOB in Buffalo, New York

Montecito Medical Acquires MOB in Buffalo, New York

Montecito Medical Real Estate announced on September 28 that it acquired a 15,858-square-foot, two-story medical office building (MOB) in Buffalo, New York. The MOB is leased to WNY MRI a dominant provider of diagnostic imaging services in the Greater Buffalo and Niagara region.  Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate.  According to data captured in the LevinPro HC database, this represents the 157th MOB transaction of 2023, as well as Montecito’s 32nd MOB acquisition of the year. This is also the... Read More »
Varian Medical Systems Acquires Aspekt Solutions

Varian Medical Systems Acquires Aspekt Solutions

Varian Medical Systems has announced its acquisition of Aspekt Solutions, a Greenbelt, Maryland-based provider of medical physics, dosimetry and strategy consultation services. Aspekt Solutions offers radiology and radiation oncology providers the staff, guidance, technical and operational expertise they need to turn a high-risk, high-capital business into a competitive advantage.  Varian Medical Systems is a radiation oncology treatments and software maker based in Palo Alto, California. The company’s medical devices include linear accelerators and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. ... Read More »
Amazon Invests $4 Billion into Healthcare AI 

Amazon Invests $4 Billion into Healthcare AI 

Amazon has announced that it is making its way into healthcare generative artificial intelligence by investing $4 billion into Anthropic, staking a minority claim on the company. Amazon will incorporate Anthropic’s AI assistant, Claude, into Amazon Bedrock which is Amazon Web Services’ (AWS) new generative AI service.  The press release said that Anthropic will “train and deploy its future foundation models on AWS Trainium and Inferentia chips, taking advantage of AWS’s high-performance, low-cost machine learning accelerators.”  “We have tremendous respect for Anthropic’s team and foundation models, and believe we can help improve many customer experiences, short and... Read More »