Los Angeles — November 11, 2014 — CBRE Group, Inc. has been selected to provide integrated real estate services for Southern California’s highly respected MemorialCare Health System.
Under the multi-year contract, CBRE Healthcare will provide MemorialCare with services including Strategic Real Estate Planning, Property Management, Transaction Management, Lease Administration and Real Estate Accounting for the system’s outpatient portfolio of 85 locations and 1.6 million sq. ft.
MemorialCare Health System, with facilities in Los Angeles and Orange Counties, is gaining national prominence for documented distinction in health care delivery. The healthcare system selected CBRE Healthcare for its ability to create a system-wide real estate platform with best-in-class processes. As healthcare evolves, MemorialCare is focused on its core business and is partnering with CBRE to ensure their real estate portfolio will support future patient care as efficiently and economically as possible.
“Hospital executives are seeking innovative real estate strategies, while working hard to ensure their facilities footprint matches the needs of their customers—where and how they want their care delivered,” said Jim Hayden, Executive Managing Director for CBRE Healthcare. “We are confident our work with MemorialCare will provide an excellent environment for MemorialCare’s medical staff to deliver the highest standard of patient care.”
CBRE Healthcare provides a full spectrum of real estate services to more than sixty major healthcare systems and manages the leases of more than 8,300 physician practice groups throughout North America. CBRE Healthcare’s portfolio is comprised of 109 million sq. ft. of inpatient, outpatient, medical office and support space facilities. For more information, visit www.cbre.com/healthcare.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
MemorialCare Health System is a nonprofit integrated delivery system that includes six top hospitals – Long Beach Memorial, Miller Children's & Women's Hospital Long Beach, Community Hospital Long Beach, Orange Coast Memorial, and Saddleback Memorial Laguna Hills and San Clemente; medical groups – MemorialCare Medical Group and Greater Newport Physicians; a health plan – Seaside Health Plan; and numerous outpatient health centers, imaging centers and surgery centers throughout Orange County and Los Angeles County.