property type: Medical Office

Webster Bank has provided a $33.84 million loan to help fund the $42.3 million, or $287/sf, purchase of the 147,520-square-foot medical office building at 6201 15th Ave. in the Borough Park section of Brooklyn, N.Y. The Stamford, Conn., bank's loan ...

SKS Partners, which owns the 84,500-square-foot medical office property at 3838 California St. in San Francisco, has refinanced the property with a $20.9 million loan from a life insurance company. The three-year loan, which pays a fixed coupon, was arranged ...

Commercial Real Estate Direct Staff Report Sendero Capital has paid $31.55 million, or $411.34/sf, for the 76,701-square-foot medical office property at 200 Unicorn Park in the Boston suburb of Woburn, Mass. The Boston investor formed a programmatic joint venture with ...

South Florida Business Journal An affiliate of Tenet Healthcare Corp. has bought the Victor Farris Building, a 164,082-square-foot property in West Palm Beach, Fla., for $62 million, or $377.86/sf. The healthcare provider's Good Samaritan Medical Center subsidiary purchased the nine-story medical ...

The national vacancy rate for medical office properties was 5.8% as of June, according to Transwestern. That compares with the 14.5% vacancy rate for traditional offices. Medical offices also enjoy more rapid revenue growth and fewer loan delinquencies.

South Florida Business Journal American Commercial Realty Corp. has bought the 77,852-square-foot King's Point Shopping Center in Delray Beach, Fla., for $18.3 million, or $235.06/sf. The Palm Beach Gardens, Fla., company purchased the retail and medical office property from a ...