IN THE NEWS

News Release: 2022 HREI Insights Awards Finalists announced (UPDATED)

10th annual awards recognize excellence in HRE development and executive leadership.

Healthcare Real Estate: Is It ‘Recession Proof' Like We Once Thought?

Healthcare real estate is facing challenges, but there is still a silver lining of good fundamentals.

Smaller Tenants, Higher Costs: Tough Times Persist For Healthcare Real Estate

Having emerged from their biggest challenge of the century, healthcare companies might want to take a breather, but with larger economic factors looming, their once-deep pockets for expansions have become shallower, and smaller medical providers are stepping up to become the hot medical office tenants.

Orange County Visionaries: Trends, Updates, Visionaries.

Orange County, with its coast-hugging geography, hotbed of corporate sectors and diverse population of almost 3.2 million residents, is instantly distinct from other Southern California regions. Business leaders flock to O.C. to take the first steps in achieving their dreams or to expand their organizations in a dynamic and varied locality.

Furthermore, Orange County excels in many types of business...

With 'Pressure Coming From All Sides,' Investors Shift Strategy, Take Lower Returns To Keep Deal Flow

It is unusually difficult to do just about anything in commercial real estate right now.

Rising interest rates are making the cost of borrowing to build or buy more expensive. Construction prices are ever-rising and supply chain pain has made materials hard to get. Competition in hot asset classes is pushing sales prices up.

Meridian Sells Historic 53,000 SF Medical Office Building in Phoenix for $17.9 Million

PHOENIX, Ariz. – Meridian, a full-service owner, operator, and investor of healthcare real estate, is pleased to announce that the company has closed escrow on the sale of Grunow Memorial Medical Center. After renovating and repositioning the 53,000-square-foot medical office building in Phoenix, Arizona, Meridian has sold the building to a private Canadian investor for $17.9 million.

Meridian Sells Renovated 26,000 SF Medical Office Building in Torrance, Calif. for $14.2 Million

NEWPORT BEACH, Calif. – Meridian, a full-service owner, operator, and investor of healthcare real estate, is pleased to announce that the company has sold its renovated 26,000-square-foot medical office building in Torrance, California, to a private investor. The sale price was $14.2 million.

2022 Will Be a More Challenging Year for Healthcare Acquisitions

In 2021, healthcare investor and developer Meridian had a banner year, closing more than $100 million in transactions, all located in the State of California, and $40 million in new development activity, with projects located in five states. As the firm looks ahead into 2022, it plans to remain an active buyer, but CEO John Pollock says this will be a more challenging year for both purchases and new construction.

The 3 Biggest Trends in Healthcare in 2022

Healthcare investor Meridian CEO John Pollock gives his predictions to the healthcare sector in 2022.

Meridian Completes Conversion of 114,200 SQFT Medical Office Building in Irvine

NEWPORT BEACH, CALIF. - Meridian, a full-service real estate developer and owner of medical office real estate, is pleased to announce that it has completed the conversion of a 114,200-square-foot, four-story Class-A office building into a 100% Class-A medical office building. The building is located in Orange County at 114 Pacifica Court in Irvine, California.

Medical Adaptive Reuse Projects Have Big Potential — And Matching Price Tag

With a premium placed on shorter construction periods, medical real estate developers are increasingly turning to adaptive reuse projects. But experts in the field caution that while timelines may be shorter, costs are still high, due not only to supply issues and the cost of materials, but also to the increasingly complex needs of modern medical tenants.

Five 'P's Impacting Behavioral Health Real Estate

Over the past 15 years, there have been five predominant factors that have impacted behavioral health, which has created new opportunities for property owners and developers in the health care real estate sector.

Meridian's Castro Valley Medical Office Building Named Finalist in 2021 HREI Insights Awards

WALNUT CREEK, Calif. – Meridian, a full-service real estate developer, operator and owner of medical real estate, is pleased to announce that the firm’s Castro Valley Medical Office Building has been named a finalist for the prestigious 2021 HREI Insights Awards in the category of “Best New Medical Office Buildings and Other Outpatient Facilities (25,000-49,999 square feet).”

Meridian Purchases 67,510 SF Medical Office Building in Beverly Hills, California in Off-Market Transaction

NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of Beverly Hills Medical Plaza, a 67,510-square-foot, three-story Class-A medical office building in Beverly Hills, California.

Meridian Sells 53,500 SQFT Medical Office Building in Santa Ana for $29.9MM

NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer, operator and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its newly renovated, 53,574-square-foot medical office building in Santa Ana, California, to a large Southern California healthcare provider. The purchase price was $29.9 million.

Meridian’s Ben Ivory selected as one of the California 2021 Next Generation Award winners.

Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry, these rising stars surmounted the hurdles and excelled in business and leadership in the community.

Pandemic Could Push MOB Sales Volumes Even Higher

Panelists in Revista webcast discuss ways in which the crisis has changed deal-making.

Meridian Sells Orange County MOB

The seller invested more than $2 million in the Laguna Hills property.

Meridian Sells New-Construction 11,424 SF Dialysis Clinic in Watsonville (Calif.) for $6.7 Million

WATSONVILLE, Calif. – Meridian, a full-service real estate developer, operator, and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its new construction, 11,424-square-foot outpatient dialysis clinic in Watsonville, California. The purchase price was $6.7 million, representing a cap rate of 5.15%.

SoCal Healthcare Market Bouncing Back With Conversions And Collaborations

The coronavirus pandemic caused an industrywide pause in healthcare-related commercial real estate, just as it has impacted most other sectors across the board. But experts working in the healthcare commercial real estate industry in Southern California said they are seeing momentum for recovery picking up.

Healthcare Real Estate Roundup

The stability and necessity of medical office space has been a bright spot for commercial investors thanks, in part, to the new emphasis on healthcare caused by COVID-19. Below, three Western-based experts explore the trends that are likely to drive this sector.

Meridian Sustains Healthy Medical Office Investment Volume in 2020

The firm’s transaction activity last year was on par with 2019, but shifted from ground-up development to repositioning projects.

Meridian buys 188,000-square-foot medical building in Tucson

Meridian, a full-service real estate developer and owner of medical real estate, announced that the firm has closed escrow on the purchase of El Dorado Medical Plaza, a 187,690-square-foot, three-story combined Class-B medical office building, surgery center and hospital in Tucson, Arizona

The Medical Office Market Shows Signs of a Thaw

Medical office tenants are pushing expansion plans back or opting for short-term renewals during the pandemic.

Meridian and Harrison Street Purchase 110,400-SF Building in Orange County for Medical Office Conversion

NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of a 110,400-square-foot, four-story Class-A office building in Irvine, California in a joint venture with Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets. The joint venture plans to invest additional capital in building improvements to convert the building into a Class-A medical office building.

Support Still Mixed For $10B-Plus Tax Hike On CRE Properties In November

The debate over California's long-standing limit on commercial property tax increases is heading to the finish line after years of contentious jockeying on both sides.

Bisnow's Bay Area Healthcare and CRE webinar July 16

Telehealth Boosted By Pandemic is Here To Stay, California CRE Says

CommonSpirit Health saw telehealth visits increase tenfold in just a few weeks of the coronavirus pandemic, according to Senior Vice President Jeff Land, who heads the health system's national real estate services.

Mystery May: Landlords Armed With April Data Still Unsure What May Will Bring

Here we go again.

For all of the pain April seemed to promise, most landlords — with the exception of retail owners —— were left pleasantly surprised: They recouped close to 90% of their expected rents. But as rent comes due again on Friday following the first full month of the U.S. economy’s near-complete shutdown, what May will deliver for landlords is anyone’s guess.

Office Sector Pauses, Looks To Wait Out COVID-19 Storm

The office market, like many sectors, is taking a step back as we determine what, if any, changes the coronavirus has brought to our industry.

COVID-19 and Commercial Real Estate: What We Know, What We Don’t

The coronavirus pandemic (COVID-19) has not only impacted the physical health of humans around the world, but the health of the U.S. economy as well. While the stock market rallied over 11 percent on Tuesday, its biggest jump in nearly 90 years, on news that a federal stimulus bill to rescue the economy from the coronavirus was imminent, the Dow Jones Industrial Average was still down 31 percent from its most recent high at the closing bell..

Meridian Purchases 1.15 Acres in Santa Cruz County

SAN RAMON, Calif. - Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of two parcels of vacant land totaling 1.15 acres in Watsonville, California, with the intent to develop an 11,424-square-foot outpatient ambulatory clinic.

Healthcare Tackles Quality, Care, Experience in 2020

A few healthcare real estate trends have emerged as we move away from a fee-for-service model and toward a value-based care model.

Meridian Sells 175,000 SF Office Building in Contra Costa County for $31 Million

SAN RAMON, Calif. - Meridian, a full-service real estate developer and owner of general and medical office real estate, is pleased to announce that it has completed the sale of Sutter Square, a 174,689-square-foot, nine-story office building located at 1800 Sutter Street, near downtown Concord, California, to a joint venture between Barker Pacific Group and Iron Point Partners. The sale price was $30.9 million.

Meridian Sells New Construction 11,250 SF Dialysis Clinic in Modesto for $6.1 Million

SAN RAMON, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its new construction, 11,250-square-foot outpatient dialysis clinic in Modesto, California.

Meridian’s Mike Conn Selected as a Top Influencer in Healthcare

SAN RAMON, CALIF. - Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that Executive Vice President Mike Conn has been selected as a top “Influencer in Healthcare” by GlobeSt.com and its print publication, Real Estate Forum magazine.

Meridian Sells New 13,600 SF Dialysis Clinic in Stockton for $7.5M

Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its 13,600-square-foot dialysis clinic in Stockton, California.

Wellness Is Critical in Healthcare Investment

Providers and payors have to embrace wellness and focus on population health to bend the cost curve down.

To Answer Demand Healthcare Developers Find They Must Get Creative

There has been a drastic shift from the traditional on-campus hospital setting into outpatient facilities within communities, says R.J. Sommerdyke of Meridian.

2019 HREI Insights Awards Finalists announced

MINNEAPOLIS, Oct. 30, 2019 – Healthcare Real Estate Insights™ magazine is pleased to announce the Finalists of the 2019 HREI Insights Awards™, the first and only national awards dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership.

Meridian Buys 100,000 SF Office Building in San Mateo, California

SAN RAMON, Calif. – Meridian, a full-service real estate developer and owner of commercial real estate, is pleased to announce that the firm has closed escrow on the purchase of a six-story, 100,000-square-foot office building located at 1300 South El Camino Real in San Mateo, California. The seller was DivcoWest and the purchase price was not disclosed. The 72%-leased building is located near downtown San Mateo. The purchase represents Meridian’s largest general office deal to date and its first general office acquisition in the mid-peninsula submarket.

Meridian Purchases 53,500-SF Building in Orange County, Calif., for $20.35 Million for MOB Conversion

NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of a 53,500-square-foot, two-story medical office building in Santa Ana, California. The purchase price was $20.35 million and Meridian plans to invest an additional $5 million in building improvements.

Meridian Sells Cotton Medical Center in Los Angeles County

NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical office real estate, is pleased to announce that it has completed the sale of Cotton Medical Center located at 50 Bellefontaine St. and 50 Alessandro Pl., adjacent to Huntington Memorial Hospital in Pasadena, California.

The Top Three Reasons Why Healthcare Real Estate is Recession-Resistant

This has been a roller coaster of a year when it comes to the economy, and many are talking about the potential of a recession happening very soon.

Expert Q&A: Meridian’s Pollock Discusses Medical Office Development & Design

Connect Healthcare is coming up October 2 and 3, 2019 at The Resort at Pelican Hill in Newport Coast, and we’re giving you a preview of some of the insights and knowledge our expert speakers will provide.

Medical Office Demand Drives Redevelopment Projects

Investors are converting office and light industrial properties into medical office to keep up with demand.

Meridian Completes Renovation of 26,000 SF Medical Office Building in Los Angeles County and Signs Lease with Tenant

NEWPORT BEACH, CALIF. – Meridian, a full-service real estate developer and owner of medical office real estate, is pleased to announce that it has completed renovation of a 26,000-square-foot multi-tenant medical office building located in Los Angeles County at 3531 Fashion Way, Torrance, California.

Healthcare Is Entering A New Era Of Medical Office Development

Meridian CEO John Pollock uses three words to describe the biggest trend in healthcare real estate at the moment: outpatient, outpatient, outpatient.

Meridian Announces New Major Tenant at Cotton Medical Center in Pasadena

All-Inclusive Care for the Elderly Health Provider WelbeHealth Signs Major Tenancy Deal at Cotton Medical Center. To open in 14,200 SF at the 115,000 SF medical office complex adjacent to Huntington Memorial Hospital

Meridian Sells 9,913 SQFT Outpatient Clinic in Castro Valley for $7MM

SAN RAMON, Calif. (May 9, 2019) – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its 9,913-square-foot outpatient clinic in Castro Valley, Calif. The purchase price was $7 million, representing a cap rate of 5.0 percent.

Industry Vet Targets General Office Buys

Within a refined target of select submarkets, Meridian has a specific investment size, which will vary based on the quality of opportunities, but most investments will be in the $10 million to $75 million acquisition price range.

Creative Healthcare Construction and Design

The Top 5 construction and design trends impacting healthcare real estate.

This is an exciting time for healthcare real estate design and construction. Healthcare fundamentals are strong and continue to evolve with lots of new and continue to evolve with lots of new and private capital flowing into this sector. The hub-and-spoke model and the retailization of healthcare continue to push lower acuity services out into the communities for better and more affordable prices.

Meridian Sells New 9,200 SF Dialysis Clinic in Downtown Long Beach for $8.4 Million

NEWPORT BEACH, Calif. - Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its 9,200-square-foot dialysis clinic in Long Beach, Calif. The purchase price was $8,421,580, representing a cap rate of 5.0 percent.

Meridian completes Grunow Memorial Medical Center renovation

Meridian, a full-service commercial real estate developer and owner of medical real estate, announced that it has completed the renovation and repositioning of Grunow Memorial Medical Center, a landmark 53,000-square-foot, two-story, medical office building located at 926 East McDowell Road in Phoenix, Arizona.

Beyond The Bio: 16 Questions With Meridian's John Pollock

As a 12-year-old boy living in Northern California in the 1980s, John Pollock remembers helping his dad fix up and renovate old homes.

This experience from an early age laid the foundation of Pollock's love for real estate.

Meridian’s Sommerdyke Dishes on Orange County’s Medical Office Market

Connect Media wanted to get the scoop on Orange County’s medical office market, so we tracked down Meridian’s Director of Acquisitions for Southern California, R.J. Sommerdyke, who gave us an exlusive interview.

Updated Healthcare Sites Mean Better Access, Treatment

Part of this success rate may be attributed to bringing more healthcare services to where people live and work, in addition to cost cutting, says John Pollock, CEO of Meridian in this EXCLUSIVE. He says lean design principles are as important as the healthcare location.

Metro Highlight: San Francisco

In past metro highlights we’ve talked about growth markets with lots of construction activity, interesting markets with innovative health systems, metros with the highest sales volume, but what about the tightest markets? The ones with the highest rent growth, the most expensive pricing and the lowest vacancy? Flipping through our Metro Rankings report, San Francisco clearly fits the bill.

Meridian Purchases 26,000 SF Medical Office Building in Torrance, Calif. - Transaction represents Meridian’s 5th acquisition in 2018

NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of a 26,000-square-foot medical office building in Torrance, California.

IN THE KNOW: 2018 Connect Healthcare: Insights into an Evolving Space

Mike Conn discussed the popular topic of “medtail” during his panel at Connect Healthcare‘s 2018 conference and R.J. Sommerdyke provides his takeaways from the “REITS, Private Equity, and Foreign Capital Shaking Up the Market” Panel.

Meridian Plants Roots in Phoenix

In response to the rapid growth of the Phoenix medical office market, Meridian has opened a Phoenix office.

Q&A: Meridian’s Mike Conn Dissects Opportunities to Backfill Sears Stores with Healthcare

San Ramon, CA-based Meridian recently opened a new office in Phoenix, with plans to expand its development work throughout the southwestern U.S. Connect Media talked with the healthcare real estate firm’s Mike Conn about the convergence of retail and healthcare in our latest Q&A. He’s speaking at Connect Healthcare next week.

2018 HREI Insights Awards Finalists revealed

Healthcare Real Estate Insights magazine announces the Finalists for the sixth annual awards recognizing excellence in healthcare real estate development and leadership

Letting the Light In

Suntuitive® Dynamic Glass and Meridian take the Innovative Approach to Health Care Delivery

IN THE KNOW: ULI Fall Meeting: Connecting with the World of Real Estate

Meridian CEO, John Pollock and Meridian VP, Indrajit Obeysekere Provide Insights from the ULI Fall Meeting’s “Leadership Day”

Meridian Hires Sheila Schmidt as Vice President of Development

PHOENIX, ARIZ. – Meridian, a full-service real estate developer and owner of medical real estate, announced today that industry veteran Sheila Schmidt has been hired as Vice President of Development. She will be based in Meridian’s new Phoenix office...

InterFace Panel Ponders How Mergers, Consolidations Will Impact Healthcare Real Estate

The past 12 to 18 months have seen a strong uptick in the number of mergers and consolidations among healthcare providers in the United States, and industry experts are still trying to figure out how this activity will impact cash flows, pricing and cap rates for healthcare properties.

Is Today’s Boom Market for Healthcare, Medical Office Real Estate Built to Last?

It is hard to refute that demographic changes occurring in the United States are having a positive impact on healthcare real estate. Based on  the latest U.S. Census data, the number of people age 65 and over is on  a steep increase...

Meridian Sells Dialysis Clinic in Oakland, Calif. for $15.7 Million

SAN RAMON, CALIF. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 12,754-square-foot dialysis clinic in Oakland, California.

IN THE KNOW: The State of San Francisco Healthcare: Innovation, Expansion and Opportunities in Healthcare

Meridian Senior Vice President, Mike Conn, provides his takeaways

Increasing Demand For MOBs In Bay Area Starting To Outstrip Supply

Increasing Demand For MOBs In Bay Area Starting To Outstrip Supply

IN THE KNOW: BOMA 2018 International Conference and Expo

Meridian’s Asset Management Team Discusses Their Favorite Sessions From This Year’s Event

Life Science Market Reaches Into Brisbane With Latest Office Transaction

Life Science Market Reaches Into Brisbane With Latest Office Transaction

IN THE KNOW: Bisnow National Healthcare West: The Innovation, Expansion and Impact of Healthcare

Meridian’s Mike Conn and Indrajit Obeysekere provide a summary of this year’s conference

IN THE KNOW: 2018 ICSC Global Retail Real Estate Convention

Team Meridian provides their takeaways from this year’s highly anticipated Las Vegas event

IN THE KNOW: Medical Office Buildings + Healthcare Real Estate

Meridian CEO John Pollock provides his takeaways from this year's BOMA International’s Medical Office Buildings + Healthcare Real Estate Conference.

IN THE KNOW: Future of Healthcare

Meridian CEO John Pollock provides his takeaways from this year’s Future of Healthcare Event hosted by the San Francisco Business Times.

As Demand Rises, Healthcare Systems, REITs Focus On Behavioral Health Facilities

Increased demand for care, a scarcity of locations and insurance requirements to cover mental health have led to additional interest in this area from healthcare systems, real estate investors and private equity.

Flexibility, Convenience Pinpoint Healthcare Focus

Healthcare systems want to be near patients’ homes and workplaces in dense urban markets, which can require creativity, says Meridian CEO John Pollock in the second of a two-part EXCLUSIVE.

Meridian Purchases Vacant Parcel in Modesto to Build

Meridian Purchases Vacant Parcel in Modesto to Build 11,250 SF Medical Out-Patient Clinic; This transaction marks Meridian’s 10th acquisition in 24 months.

Can Healthcare Continue Its Trajectory?

Meridian CEO John Pollock says it's an exciting time to be in healthcare as he recently discussed the record levels of investment and areas with the most activity in the first of a two-part EXCLUSIVE.

IN THE KNOW: MOBs Past, Present and Future

Team Meridian provides takeaways from this year’s BOMA Oakland/East Bay MOB Summit

Healthcare Macro Trends More Acute In Bay Area

John Pollock of Meridian discussed elder care and healthcare trends that are more pronounced in the Bay Area due to land/building scarcity and rising costs.

Trading Places: Retail's Loss Is Health Care's Gain

“I think it was just this natural progression,” said John Pollock, a West Coast real estate developer whose firm, Meridian, specializes in adapting retail space for medical offices. “You have this underutilized real estate; you have this need to provide greater care or more care … in areas that are both convenient and visible as health care providers want space.”

Scarce Land Forces Developers to Challenge The Norm

John Pollock of Meridian says there has been a tremendous amount of activity in the first quarter, as he discussed the healthcare landscape, new construction and development opportunities.

Built To Suit Clinical & Healthcare Trends

Meridian CEO John Pollock summarizes his panel discussion from this year’s Bisnow Sacramento Healthcare Event

Despite Challenges, Creative Approach Delivers MOB

With 10 years and some creative thinking, a once-abandoned development proposal gets new life. Medical office developer, Meridian, recently completed ground-up construction of a 10,000-square-foot single-tenant medical office building located at 20359 Lake Chabot Rd.

Healthcare Market Update

Meridian CEO John Pollock and Senior Vice President Mike Conn provide takeaways from this year’s Revista Medial Real Estate Investment Forum

Meridian Purchases 29,000 SF Parcel in Downtown Long Beach, CA to Build MOB

Meridian, a full-service commercial real estate developer based in California, is pleased to announce the purchase of three existing buildings on five parcels totaling 29,000 square feet of land located in Downtown Long Beach

Future of Healthcare All About Patient Experience

With healthcare demand showing no signs of waning due to the aging population, cost pressures and technology breakthroughs, more medical facilities are hitting the market across the country, prompting new personnel to manage assets.

Bay Area Brainstorm: 11 CRE Professionals On What To Expect In 2018

Record-breaking office leases and a large pipeline of housing units marked 2017 in the San Francisco Bay Area. Millions of square feet of office will deliver this year as will thousands of housing units. Bisnow asked 11 Bay Area CRE professionals what they are keeping an eye on in 2018, what challenges the Bay Area still faces and what opportunities are still available.

Meridian Hires Linda Shoemaker Haskins as Vice President, Asset Management

Meridian, a full-service real estate developer and owner of medical and general office real estate, announced today that Linda Shoemaker Haskins has been hired as Vice President, Asset Management.

Meridian is pleased to announce that it has received two prestigious 2017 HREI Insights Awards

Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has received two prestigious 2017 HREI Insights Awards in the categories of “Best Renovated or Repurposed Healthcare Facility” and “Best New Medical Office Buildings and Other Outpatient Facilities under 25,000 square feet.”

Meridian Buys Medical Office Building in Laguna Hills, Calif.

Acquisition Expands Meridian’s Southern California Presence

Meridian Buys Historic Grunow Memorial Medical Center in Phoenix

Purchase Represents Meridian‘s First Major Transaction Outside of California

Meridian Buys 174,689 SF Office Building in Concord for $26.2MM

Meridian Ramps Up Investment Efforts in the San Francisco Bay Area

Acquisition and Investment Climate

Meridian Acquisition Manager R.J. Sommerdyke provides takeaways from this year's Bisnow Big West Coast Healthcare Event in Los Angeles

2017 Medical Forecast

Bisnow Big West Coast Healthcare Event’s Medical Forecast panel discussed some of the perils facing healthcare: cost, patient access and the physician shortage. Meridian CEO John Pollock provides his takeaways.

Meridian Names Cypress West as Property Manager of 115,000 SF Newly-Renovated Cotton Medical Center in Pasadena, CA

Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has retained Cypress West Realty Management of Rancho Santa Margarita, Calif., to manage Meridian’s 115,000-square-foot medical office complex in Pasadena, California. CEO John Pollock, categorizes the new partnership as “a strategic move forward.” He continues, “Having completed the extensive renovation of Cotton Medical Center, we now want to focus on providing our tenants and the community best-in-class management services.” Meridian purchased Cotton Medical Center in January 2016 for $37.5 million.

Meridian Buys 105,000 SF Office Building in San Mateo County for $29MM

Meridian, a full-service office property developer in California, is pleased to announce the purchase of 1000 Marina, a six-story 105,000-square-foot office building in San Mateo County, Calif. The seller was TA Associates, a private equity firm based in Boston, Massachusetts.

With Healthcare Consolidation Comes?

There is a growing need for newer, larger and more modern spaces as the older facilities no longer work in a larger group format, says Meridian's John Pollock in this EXCLUSIVE article in preparation for the upcoming RealShare Healthcare event.

Meridian Receives 2016 HREI Insights Awards Nomination for Two Medical Office Building Projects

Meridian, a full service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, that two of its projects have been selected as finalists in the 2016 HREI Insights Awards competition in the “Best New Medical Office Buildings Under 25,000 Square Feet” and “Best Renovated or Repurposed Healthcare Facility” categories.

Meridian Sells Dialysis Clinic in Palmdale, Calif. for $6.97 Million, 5.0% Cap Rate

Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 13,750-square-foot dialysis clinic in Palmdale, Calif.

Providers Demand Accessible and Visible Locations

The healthcare customer today demands more convenient locations that are adjacent to familiar retail or within normally traveled patterns. This is in contrast to the healthcare sites of old, located in isolated business parks or in standalone buildings...

Senior Healthcare Executive Indrajit Obeysekere Joins Meridian as Vice President of Client Services

Meridian, a full service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that senior healthcare executive Indrajit Obeysekere has been hired as vice president of client services.

Meridian Sells 74,000 SF Multi-Tenant Office Building in Pleasanton, CA for $15.5MM

Meridian is pleased to announce that it has closed escrow on the sale of its 74,000-square-foot multi-tenant office building located in Alameda County at 5776 Stoneridge Mall Road in Pleasanton, Calif.

Meridian's Mike Conn On The Adaptive Reuse Revolution

A big part of the future is in adapting or converting non-medical buildings, such as offices and retail space, into medical facilities, says Meridian VP of construction and development Mike Conn.

Reality Tilts Focus to Suburban General Office

Industry veteran Dan Rosenbaum has been hired as senior vice president of Meridian, a developer and owner of medical real estate. He will spearhead the development of the company’s new division focused on the acquisition of suburban general office value-add opportunities.

Meridian Buys Medical Office Building in Pasadena for $37.5 Million

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the purchase of Cotton Medical Center, a 115,000-square-foot medical office complex in Pasadena, California. The sale price was $37.5 million. This purchase represents the largest building acquisition for Meridian and Meridian’s eighth medical office building transaction in the last 12 months.

Demand for Medical Office Assets May Hit Plateau in 2016

Health care real estate, particularly medical office properties, promises to continue to post strong occupancy stats in 2016. However, there’s still enough volatility in the sector stemming from the Affordable Care Act aftermath, changes in technology and hospital consolidation to keep growth and transactions to a minimum, according to industry executives.

Will Future MOBs Be Call Centers?

The rise of one-on-one conferencing with doctors via phone, online or video on either may make data centers a significant sub-sector of healthcare real estate, John Pollock, COO of Meridian, a full service real estate developer and owner of medical real estate throughout California, tells GlobeSt.com.

Meridian Receives National Award For Excellence in Healthcare Real Estate

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that the firm’s 69,000-square-foot medical office building located at 5900 State Farm Drive in Rohnert Park, Calif. has received the prestigious 2015 HREI Insights Award in the category of “Best Renovated or Repurposed Healthcare Facility.”

Meridian Sheds Third Dialysis Clinic This Year

Meridian has sold an 8,700 SF dialysis clinic in Fairfield for $5.15M (at a cap rate of 5.5%), marking the third clinic the company has sold this year. All three are occupied by DaVita Healthcare Partners, a kidney care services provider, and were purchased by private investors. The three sales totaled $17.5M.

Meridian Receives HREI Insights Awards Nomination for Two Medical Office Building Projects

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that two of its projects have been selected as finalists in the 2015 HREI Insights Awards in the “Best New Medical Office Buildings under 25,000 square feet.” and “Best Renovated or Repurposed Healthcare Facility" categories.

Meridian Acquires 19,202 SF Medical Office Building in Oakland, California

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the purchase of a 19,202-square-foot medical office building located in Alameda County at 380 W. MacArthur Boulevard in Oakland, California. Meridian purchased the property from BIC Oakland, LLC of Kentfield, California, in an off-market transaction.

Why Meridian Property Remains Bullish on Medical Office

Meridian Property Co has sold a 69k SF Rohnert Park medical office building for $21.5M to a private investor based out of San Mateo. And Meridian COO John Pollock tells us the property at 5900 State Farm Dr is a prime example of the kind of value-add medical office properties that Meridian continues to search for and execute its strategy on.

Sonoma County Medical Office Building Brings Over $21 Mil

Nazareth Enterprises Inc, a San Mateo-based private investor, has purchased a 69k sf, medical office building in Sonoma County for $21.5 mil ($312/sf). The building, located at 5900 State Farm Dr, east of the 101 Fwy and north of Rohnert Park Expy in Rohnert Park, was sold by Meridian.

Top 5 Trends Driving Healthcare Real Estate Development

Thanks to technology and the Affordable Care Act, the healthcare industry has entered a new period that won't just affect providers and patients, but real estate developoers as well.

Rohnert Park Medical Center Opens

Petaluma Health Center on Aug. 12 plans to open a sizable Rohnert Park medical center, responding to demand for care in southern Sonoma County.

Construction boom: MV projects add housing, hotel space

Drive down either side of El Camino Real in Mountain View and you’ll find new construction seemingly everywhere. Courtesy of the city of Mountain View’s Community Development Department, following is the latest update on development projects in the so-called El Camino Real Change Area.

Developer eyes Soscol for restaurant, medical offices

Two Soscol Avenue parcels at the corner of Shetler Avenue are the proposed future home of a drive-through restaurant and a medical office building.

Meridian Acquires 16,000 SF Medical Office Building in Berkeley, California

SAN RAMON, CA — Meridian Property Company, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the purchase of a 15,915-square-foot medical office building located in Alameda County at 2920 Telegraph Avenue in Berkeley, California.

74,000-SF Buy Means Adjusted Rent Opportunity

SAN RAMON, CA - Locally based Meridian Property Co. has closed escrow on the purchase of the Atrium, a 74,000-square-foot professional office building located in Alameda County at 5776 Stoneridge Mall Road in Pleasanton, CA. Meridian purchased the property from Los Angeles-based Downtown Properties in an off-market transaction..

Meridian Sells Last Units in 64,000 SF Medical Business Complex in Bakersfield, Calif.

SAN RAMON, CA — Meridian Property Company, a full service real estate developer and owner of medical and retail real estate, recently closed escrow on the sale of its last two remaining units at Meridian Professional Center in Bakersfield, Calif., a 63,776-square-foot, 11-building medical/office complex situated in Kern County developed and owned by Meridian.

Meridian Announced as Finalist in 2014 HREI Insights Awards™

SAN RAMON, CA — Meridian, a full service real estate developer and owner of medical real estate, is a finalist in the 2014 HREI Insights Awards™ in the “Best Renovated or Repurposed Healthcare Facility” category.

Goodbye, Big Burger Freeze

It's not without a bit of irony that the growing number of people with a disease caused by poor diet and sedentary living has finally spurred the redevelopment of a long-abandoned fast food eatery.

Meridian Property Company Welcomes Newest Tenant, Petaluma Health Center in Rohnert Park, Calif.

SAN RAMON, CA — Meridian Property Company, a full service real estate developer and owner of medical and retail real estate, is pleased to welcome its newest tenant, Petaluma Health Center, to the medical office building in Rohnert Park, Calif., located at 5900 State Farm Drive.

Meridian Property Company Acquires 69,000 SF Medical Office Building in Rohnert Park, California

SAN RAMON, CA — Meridian Property Company, a full service real estate developer and owner of medical and retail real estate, is pleased to announce that it has closed escrow on the purchase of a 69,000-square-foot medical office building in Sonoma County at 5900 State Farm Drive in Rohnert Park, Calif. Built in 1973 on 4.79 acres, the building...

Meridian Property Company Nearing Completion on Four Medical Centers in California

SAN RAMON, CA — Meridian Property Company, a full service real estate developer and owner of medical and retail real estate, is pleased to announce that it is nearing completion on four state-of-the-art outpatient clinics in California totaling over 40,000 square feet and valued at over $15.2 million. Ranging in size from 8,200 to 12,000 square feet, the four properties are a mix of new construction and the renovation and adaptive reuse of existing commercial space.