IN THE NEWS

IN THE KNOW: Affordable Housing and Healthcare Forum

Meridian’s Llesenia Jones and Andrew Romerdahl Discuss the Importance of Collaboration in Healthcare

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.

IN THE KNOW: 2019 BOMA International Medical Office Buildings and Healthcare Real Estate

Team Meridian Summarizes a Variety of Topics Discussed at this Year’s Event

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.

IN THE KNOW: ULI Healthcare and Life Sciences Council Spring Meeting

Meridian’s CEO, John Pollock, Provides Highlights From This Year’s Event

IN THE KNOW: 2019 Real Estate Law and Business Forum

What do changing demographics mean for real estate? Meridian CEO John Pollock Provides his takeaways…

IN THE KNOW: Sustain SoCal 10th Anniversary Conference: Energy Infrastructure

Trend Alert! Meridian’s Director of Construction, Becky Dansker Provides Takeaways Regarding “Community Choice Aggregation”

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.

IN THE KNOW: Tenth Annual Interface Healthcare Real Estate West

Team Meridian Breaks Down Hot Topics from this Year’s Event

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.

IN THE KNOW: 2019 Revista Medical Real Estate Investment Forum

Meridian's CEO John Pollock and Director, Acquisitions R.J. Sommerdyke provide takeaways from this year’s event.

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

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.

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 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.