HOUSTON—The five-building Pin Oak portfolio in the suburb ofBellaire recently sold for an undisclosed price. Norvin Healthcare Properties purchasedthe portfolio on behalf of its investment partnership, adding toits medical-oriented holdings in the Houston market.
“Being that healthcare is always in demand, medical officeproperties generally enjoy stable tenancy and insulation from thecyclical nature of other industries,” Rudy Hubbard, JLL managingdirector, capital markets, investment sales, tells GlobeSt.com. “Asa result, we anticipate continued activity in this sectorthroughout the year, especially as other markets reach cyclicalpeaks. In Houston specifically, we're seeing office investmentinterest across the board thanks to improving fundamentals and thefact that better yields can be realized here than in other gatewaymarkets.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
