Issue link: https://beckershealthcare.uberflip.com/i/1531804
25 TRANSACTIONS California medical office building sells for $16M By Claire Wallace A medical office building in Burbank, Calif., has sold for $16 million, according to a Dec. 12 report from LA Business First. e outpatient facility was sold to a private investor. e 47,700-square- foot facility is 90% occupied by more than 30 tenants. About 45% of the office is occupied by dentists, and several tenants have occupied their respective spaces for more than 20 years. In the Los Angeles area, medical outpatient building sales surpassed $351 million between the third quarter of 2023 and the second quarter of 2024. However, transactions fell 16.2% year over year for that same period, the report said. n Connecticut medical office buildings sell for $7M By Claire Wallace A nine-building medical office building portfolio in Farmington, Conn., has sold for over $7 million, according to a Dec. 18 report from Hartford Business. The portfolio includes over 90,000 square feet of space and sold at an auction that attracted 35 bids from seven bidders. The portfolio was purchased by Leander, Texas-based SSKI Management, and sold by FPO Green, which bought the complex in 2021 for $5.9 million. n Kaiser Permanente buys surgery center building By Claire Wallace K aiser Permanente Kern County has acquired a 13,000-square-foot medical facility in Bakersfield, Calif., to convert into a surgery center, according to a Dec. 18 report from CBS affiliate BakersfieldNow. The property previously housed New Horizon Surgical Center and Oaks Surgical Center. The property was acquired Dec. 18 and will undergo renovations before opening to the public. It is expected to open to patients in early 2027. n 3,000+ Executive Level Attendees 625+ Speakers 4 Days Of Sessions 750+ Executive Level Attendees 195+ Speakers 3 Days Of Sessions E N G A G E , N E T W O R K A N D L E A R N Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference June 18 - 21, 2025 // Swissotel Chicago 22ND ANNUAL REGISTER TODAY Join us at this premier conference dedicated to spine, orthopedic, and pain management ASCs, where industry leaders—surgeons, physicians, administrators, and business experts — come together to explore strategies for enhancing your ASC 's performance. Network with top professionals and gain valuable insights into the latest trends, innovations, and technologies shaping the future of ASCs. Whether you're facing clinical challenges or looking to optimize your business operations, this event offers the expertise and connections you need to drive success.