Sears Holdings Corp. is the most vulnerable public retail company, according to a recent analysis by S&P Global Market Intelligence. (Photo by Andriy Blokhin, Shutterstock)

Industry Pulse: Opportunities are increasing for retail repurposing

Almost 3,600 retail stores are slated to close this year, including hundreds of big boxes and department stores In the aftermath of the Great Recession, it became a common strategy for healthcare providers and healthcare real estate (HRE) firms to repurpose the buildings of failed big box and department stores. The bankruptcies of Circuit City, […]

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Cover Story: Who are the biggest outpatient HRE developers?

Cover Story: Who are the biggest outpatient HRE developers?

PMB, Duke Realty and NexCore Group led the way as 35.7 million square feet of MOBs and other outpatient healthcare real estate projects were started or completed last year, according to a new survey from Revista and HREI™ By John B. Mugford The year 2016 was a banner one for the development of medical office […]

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Current Edition

Current Edition

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles)   2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this article is only available to paid subscribers. If […]

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The 73,238 square foot Adena Health Pavilion at 4437 Highway 159 in Chillicothe, Ohio, was part of Starwood Property Trust’s acquisition of a 35-building portfolio from NorthStar Realty Finance for $796.6 million to close out Q4 2016, bolstering the quarter’s total MOB sales volume to $3.33 billion.
Photo courtesy of Cornerstone Cos. Inc.

Transactions: MOB sales strong in Q4 2016

Bolstered by a big portfolio sale, quarter’s MOB volume hit $3.33 billion By John B. Mugford Commercial real estate brokers are known to say that sales of medical office buildings (MOBs), as well as other types of commercial real estate, typically pick up in the final quarter of most years. That was certainly the case […]

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680 N. Lake Shore Drive in Chicago includes 493,064 square feet of medical office, office and retail space, plus a 331-space parking garage. (Photo courtesy of TopMed Realty)

Transactions: Welcome back, TopMed team

Former ProMed Properties executives make first acquisition as new company By John B. Mugford For a time, between 2006 to 2012, New York-based ProMed Properties was a significant owner of medical office and healthcare properties up and down the East Coast. During that half dozen years or so, ProMed, a subsidiary of Tel Aviv, Israel-based […]

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Jackson Health System has broken ground for the development of a new 27.3-acre campus in Doral, Fla., called Jackson West. The medical campus would include outpatient and emergency services and, eventually, a 100-bed acute care hospital. (Rendering courtesy of Jackson Health System)

Inpatient Projects: Jackson starts work on new campus

Provider breaks ground for inpatient facilities in Doral, Fla.; hospital to be added By John B. Mugford In its quest to build a new hospital in what is often referred to as a “medical desert” in Doral, Fla., Miami-based Jackson Health System is still trying to overcome a number of obstacles and challenges to culminate […]

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A Canadian development firm and a company part-owned by Jimmy Buffett plans to develop a massive senior housing community with 6,900 residences in Daytona Beach, Fla., that would have a Margaritaville theme, based on the singer’s hit song. (Rendering courtesy of Minto Group)

Post-Acute & Senior Living: Calling all ‘parrot heads’ to Florida

Senior community’s theme would be based on Jimmy Buffet’s Margaritaville By John B. Mugford As senior housing projects continue to compete for residents, some of the newer communities are being built with specific themes in order to possibly provide a competitive edge. For some senior housing communities, being located near certain amenities – such as […]

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As part of its joint venture partnership with USAA Real Estate, Flagship Healthcare Properties in mid-2016 added to its portfolio this facility, the 100,000 square foot DePaul Medical Plaza in Norfolk, Va. (Photo courtesy of Flagship Healthcare Properties)

Companies & People: Flagship adds ‘healthcare’ to its name

Company is growing in all facets; adds Dev Gregg to lead development team By John B. Mugford It seemed like only a matter of time before Brackett Flagship Properties LLC changed its named to reflect the strong niche it’s carved out in the Southeast healthcare real estate (HRE) market. The Charlotte, N.C.-based company did just […]

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Minneapolis-based The Davis Group recently announced that it is teaming with Aventura, Fla.-based Elion Partners on the development of an MOB that will have 50,000 square feet, or more, in a new mixed-use project in Woodbury, Minn., east of St. Paul. (Rendering courtesy of The Davis Group)

Outpatient Projects: Minnesota firm plans new MOB

The Davis Group announces project in expanding mixed-use development By John B. Mugford The most prolific medical office building (MOB) developer in the Twin Cities area of Minneapolis and St. Paul, Minn., during the past couple of decades is planning another facility in a growing suburb. Minneapolis-based The Davis Group recently announced that it is […]

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News Release: CHRISTUS Mother Frances Hospital – Tyler Breaks Ground on Massive Tower Expansion Project

Published on April 03, 2017 TYLER, TX – Officials with CHRISTUS Trinity Mother Frances Health System broke ground today on a massive new expansion of CHRISTUS Mother Frances Hospital – Tyler that will drastically increase the Emergency and Intensive Care capabilities of the System. The expansion project will consist of a new 200,000-square-foot Tower to […]

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News release: New Northside Hospital Cherokee Opens to Patients on May 6

Posted on: April 26, 2017 On May 6, Northside Hospital Cherokee in Canton, GA will officially relocate to 450 Northside Cherokee Boulevard and open the doors of the 440,000 square foot replacement hospital to patients from the northwest metro Atlanta area and beyond. The new hospital will replace the existing Northside Hospital Cherokee facility located […]

The five-building, 504,609 square foot Pin Oak MOB Portfolio in Houston is 93 percent leased. (Photo courtesy of JLL)

For Sale: Houston Medical / Office Park | 504,609 RSF

Pin Oak Houston, Texas For Sale: 504,609 RSF Medical/Office Park Investment Summary Access the confidentiality agreement        Investment summary       JLL is pleased to offer for sale the fee simple interest in the Pin Oak Portfolio, a medical / office park with 504,609 rentable square feet located in the affluent Bellaire community of Houston, Texas.  The five buildings are 93% occupied with […]

Duke Realty will develop the 37,000-square-foot Facey Medical MOB in Santa Clarita, Calif., which is about 33 miles northwest of Los Angeles. The facility is expected to be completed in June 2018. (Rendering courtesy of Duke Realty)

News Release: Duke Realty to develop a 37,000-square-foot MOB in Southern California

The two-story medical facility, located in the Canyon Country neighborhood of Santa Clarita, will be 100% leased by Facey Medical Group, an affiliate of Providence Health and Services SANTA CLARITA, Calif., and INDIANAPOLIS, April 26, 2017 – Duke Realty, an Indianapolis-based commercial real estate developer, announced that it will break ground early this summer on […]

Montecito Medical Real Estate has acquired the 49,580-square-foot, Class A North Coast Medical Plaza in Carlsbad, Calif. (Photo courtesy of Montecito Medical Real Estate)

News Release: West Coast MOB acquired by Montecito Medical

Montecito Medical Acquires  North Coast Medical Plaza near San Diego NASHVILLE, TENN., April 26, 2017 — Montecito Medical Real Estate, one of the fastest growing firms in the country devoted exclusively to medical real estate, has acquired the 49,580-square-foot, Class A North Coast Medical Plaza in Carlsbad (an affluent coastal town just north of San […]

Completed between 1987 and 2007, the portfolio is located within a master-planned business park proximate to several large universities and hospital groups. (Photo courtesy of TRITEC Real Estate)

News Release: HFF closes $81.45 million recapitalization of 8-building Long Island medical office portfolio

NEW YORK, NY – April 24, 2017– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $81.45 million recapitalization of Stony Brook Technology Center, an eight-building medical office portfolio totaling 261,824 square feet in the Long Island community of East Setauket, New York. HFF represented TRITEC Real Estate, and procured the partner, […]

News Release: Taylor Design Taps Jen Leonard as Strategies Practice Leader

News Release: Taylor Design Taps Jen Leonard as Strategies Practice Leader

Irvine, CA (April 20, 2017) – Taylor Design, a solution-oriented architecture, environments and strategies firm, has announced that Jen Leonard has joined the firm as Strategies Practice Leader. In this role, she will focus on bringing her human-centered design experience to Taylor Design collaborating across its Irvine, San Francisco and San Diego offices, and inspiring […]

A healthcare building specifically designed to promote the health of its occupants. (Photo courtesy of Mentecito Medical)

News Release: Montecito Acquires DaVita Building in Albuquerque

April 19, 2017 07:30 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired the newly constructed DaVita Medical Group clinic in Albuquerque, N.M. Formerly known as ABQ Health Partners, DaVita Medical Group is one of the area’s largest multi-specialty medical groups and […]

Rush and Midwest Orthopaedics at Rush began construction this week on a new medical professional building in Oak Brook, Ill. (Rendering courtesy of Leopardo Companies)

News Release: Leopardo Breaks Ground on 100,000-SF Rush Oak Brook Orthopaedic Center  

Leopardo Companies broke ground on the new 100,000-square-foot Rush Oak Brook Orthopaedic Center at 2011 York Road in Oak Brook. The new medical outpatient building and surgery center is a joint venture between Rush University Medical Center and Midwest Orthopaedics at Rush. It will accommodate 17 specialties, ranging from primary care and neurology to endocrinology […]

News Release: Hammond Hanlon Camp LLC Advises HealthEast Care System in Design and Execution of Integrated Real Estate Strategy

ATLANTA (April 18, 2017) — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused investment banking firm, served as the exclusive financial advisor to HealthEast Care System (“HealthEast”) on three real estate transactions that included the acquisition, monetization and refinancing of medical office buildings. HealthEast retained H2C in early 2016 to evaluate strategic opportunities for its portfolio […]

Stage Equity Partners LLC announced the recent acquisition of The Center for Outpatient Medicine in Bloomington, Ill.  (Photo courtesy of Stage Equity Partners)

News Release: Stage Equity Partners Acquires Multi-Specialty Outpatient Surgical Center in Bloomington, Illinois

CHICAGO (April 17, 2017) – Chicago-based healthcare real estate investment company Stage Equity Partners LLC (“Stage”) announced the recent acquisition of The Center for Outpatient Medicine (TCOM), a 45,150 square foot multi-specialty outpatient surgical center in Bloomington, Illinois. According to Principals Brian Howard and Russell Brenner, Stage purchased the hospital- affiliated property from the physician […]

News Release: Montecito Acquires Thunderbird Square Building in Arizona

News Release: Montecito Acquires Thunderbird Square Building in Arizona

High-profile acquisition brings Arizona portfolio to 120,000 square feet. NASHVILLE, Tenn., April 17, 2017 – Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired a 35,420-square-foot, Class A, single-story medical building in the densely populated, master-planned retirement community of Sun City, Arizona Strategically located on the main corridor […]

News Release: Montecito Acquires Thunderbird Square Building in Arizona

News Release: Montecito Acquires Thunderbird Square Building in Arizona

High-profile acquisition brings Arizona portfolio to 120,000 square feet April 17, 2017 07:30 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired a 35,420-square-foot, Class A, single-story medical building in the densely populated, master-planned retirement community of Sun City, Ariz Strategically located […]

News Release: HFF arranges $8.5 million construction financing for medical office building in Riverside, California

News Release: HFF arranges $8.5 million construction financing for medical office building in Riverside, California

SAN DIEGO, CA – April 17, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged an $8.5 million construction-to-permanent financing for a to-be-built, 27,000-square-foot medical office building in Riverside, California. HFF worked on behalf of the borrower, Pacific Medical Buildings (PMB), to secure the 12-year, fixed-rate loan through a correspondent life […]

News Release: Recently Closed – RadNet Medical Plaza

Contact Information Zach Koucos HFF Director (858) 812-2351 zkoucos@hfflp.com CA Lic. #01729021 Evan Kovac Managing Director (858) 812-2365 ekovac@hfflp.com CA Lic. #01750736   The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE Existing Users Log InUsernamePassword Remember Me  Forgot […]