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CRE Rising Stars 2012 – Southeast Texas
Marcus & Millichap Brokers Medical Office Sale
Marcus & Millichap has brokered the sale of Floresville, Medical Office Building, a 20,000-square-foot healthcare property located in Floresville. The building was constructed in 2005 and is situated at 497 Tenth St.
Paralyzed Enthusiasm
Our headline is how Marcus & Millichap’s Tanner McGraw described the healthcare market at our Healthcare Summit last week. The asset class (Tanner says it’s no longer a niche but its own sector) is in the spotlight and investors want in, but a great deal of uncertainty is stalling long-term decisions.
Marcus & Millichap to market Peakwood Medical Office portfolio
The Peakwood Medical Office portfolio, a three-building office collection in Houston, Texas, is being marketed and sold by Marcus & Millichap.
$4.3M Wins Houston Office Building
The 55,888-square-foot Nanes Professional Building has fetched $4.3 million in an exchange between Texas investors.
Medical Office Building in Duncanville Sold
A medical office building leased to Southwest Endocrinology & Diabetes at 1014 E. Wheatland Rd. in Duncanville has traded hands. The property includes 5,800 square feet of rentable space, and it sits on 0.51 acres. Tanner McGraw and Eric Bouchard of Marcus & Millichap’s Houston office represented the seller
November 2009 | Medical Sales - South Texas
Marcus & Millichap Real Estate Investment Services has announced the sale of Floresville Medical Office Building, a 20,000 SF single-tenant net-leased property located in Floresville. The asset commanded a listing price of $2,750,000. Tanner McGraw, an investment specialist in Marcus & Millichap’s Houston office, marketed the property on behalf of the seller, a Texas-based developer. The buyer, a Texas limited liability company, was also secured and represented by McGraw. Floresville Medical Office Building is located at 497 Tenth Street. The building was built in 2005 and sits on 20,000 SF of land.
Marcus & Millichap sells 14,000 SF Surgery Center
Houston – Marcus & Millichap Real Estate Investment Services has announced the sale of Red Oak Surgery Center, a 14,000 SF ambulatory surgery center operated by Tenet Healthcare located on the campus of Houston Northwest Medical Center at 17322 Red Oak.
12 Predictions for 2012
Marcus & Millichap’s Tanner McGraw tells us investors in the healthcare space are paying more attention to Class-B product.
MOB Long-Term Growth With Healthcare Overhaul
The healthcare industry has remained relatively recession-proof since the global economic crisis. Demographic trends associated with an aging population continue to support growth in healthcare employment, which has expanded by nearly 5 percent since 2008 with the addition of approximately 765,000 jobs.
Speaking of Healthcare
We got Marcus & Millichap's healthcare guru Tanner McGraw's opinion on the legislation, too. (We figure the more, the merrier.) He tells us the sector standard is 1.8 SF of healthcare space per insured person, which could lead to 10M to 70M SF of new demand.
Keeping It Private
Private buyers are making their way back into healthcare investment sales, a sign the market is improving. Our Houston reporter Catie Brubaker spoke with Marcus & Millichap healthcare REI specialist Tanner McGraw, who says private buyers, including individuals, small partnerships, and syndicators accounted for more than 54% of closed deals nationwide in '09.
Denotes Private News
Tanner McGraw
Senior Associate
Houston
777 Post Oak Boulevard
Suite 900
Houston
,
TX
77056
(713) 452-4280
(713) 452-4210
fax
License:
TX 0560577
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Tanner McGraw
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