JLL Capital Markets facilitated the sale of Newport Lido Medical Center, a 146,510-square-foot, two-building medical office complex in Newport Beach. The firm marketed the property on behalf of an undisclosed seller. Lionstone Investments acquired the property in an all-cash transaction.
The two-building medical office complex is 100% occupied by a diverse mix of healthcare tenants providing stable and predictable cash flow. The property is anchored by Hoag Hospital Newport Beach Surgery Center and Prime Surgical Center.
The JLL Healthcare Capital Markets team representing the seller was led by senior managing directors Andrew Milne and Evan Kovac, managing director John Chun and director Matt DiCesare, with support from Niema Beglari, Trent Jemmett and Chad Prescher. Senior director Blake Bokosky and director Mark DeGiorgio of JLL’s Orange County office provided local expertise. Additionally, managing director Monica Enes and VP Kellie Hill of JLL’s healthcare brokerage team provided local healthcare expertise.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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