Good News in CRE: February

February Edition: Who is ready for some good news?

  • According to revistamed 2021 was a record-breaking year for Medical Office Building (MOB) transactions with preliminary stats now showing more than $16B changing hands. This number is up from $11.7B in 2020. If you’re looking to purchase an MOB, call us! We have on and off market opportunities.
  • As we’ve been discussing over the past few newsletters and Chicagoland hospital groups are working to expand their marketshare. Earlier this month color Northwestern Memorial HealthCare did just that with the purchase of the 419-room Hyatt Centric Chicago Magnificent Mile at 633 N. St. Clair St. The hotel marks the first traditional hotel purchase by the hospital group. Read more below.