James B. "Jim" Connor, President and CEO, Duke Realty (Photo courtesy of Duke Realty)

Industry Pulse: Duke Realty CEO declines to comment on rumors of potential MOB portfolio sale

Since we learned March 2 about rumors that Duke Realty Corp. (NYSE: DRE) might be exploring the sale of some or all of its 86-asset medical office building (MOB) portfolio, we at Healthcare Real Estate Insights have been trying to determine the veracity of the story. So far, our efforts to obtain any comment from Duke Realty have […]

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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. […]

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Jason Signor (left, shown with HREI Editor John B. Mugford) received his HREI Insights Awards™ award at the RealShare conference in Scottsdale, Ariz., in December. (HREI photo)

2016 HREI Insights Awards: Five questions for Jason Signor

2016 HRE Executive of the Year talks about starting and growing Caddis By John B. Mugford It’s been quite a meteoric rise for Dallas-based Caddis since its founding in 2008 by a young man with a background as a civil engineer. Since Jason Signor started the company as an evolution from the real estate arm […]

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Tim Oliver (center), flanked by two of his NexCore colleagues, Todd Varney (left) and Greg Venn (right), received his HREI Insights Awards™ Lifetime Achievement Award at the RealShare HRE conference in Scottsdale, Ariz., in December. NexCore also won the award in the “Best New Development, MOBs and Other Outpatient Facilities (25,000 to 49,999 square feet)” category. (HREI photo)

2016 HREI Insights Awards: Tim Oliver has been a HRE innovator

His legacy includes having a hand in 90-plus facilities in the past 40-plus years By Murray W. Wolf We at Healthcare Real Estate Insights™ probably first met Tim Oliver back in late 2004 or early 2005. At that time, a new healthcare real estate (HRE) company he had joined, NexCore Group, was barely one year […]

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The 72,022 square foot Medical Arts Center at The Hartford HealthCare Cancer Institute in Plainville, Conn., about 15 minutes outside of Hartford, is now owned by Physicians Realty Trust, which paid $30.25 million for the medical office building (MOB). (Photo courtesy of HFF)

Transactions: Connecticut MOB saw high demand Physicians Realty Trust acquires outpatient cancer care facility for $30.25 million

Physicians Realty Trust acquires outpatient cancer care facility for $30.25 million By John B. Mugford At 95 percent occupied and sitting on the outpatient campus of a prestigious cancer institute in the Northeast, the two-year-old Medical Arts Center at The Hartford HealthCare Cancer Institute in Plainville, Conn., looked to be a lock to attract strong […]

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The 11,920 square foot 75 Baker St. building in Providence, R.I., is one of 12 mostly medical properties Benedict Realty Group recently acquired for $60 million, adding to a portfolio of mostly medical buildings totaling more than 600,000 square feet. (Photo courtesy of HFF)

Transactions: Benedict adds to medical portfolio

Most recent $60 million buy brings firm’s total to more than 600,000 square feet By John B. Mugford In an early fourth quarter (Q4) 2016 transaction that seemed to slip under the radar of many publications, New York-based Benedict Realty Group (BRG) closed on purchase of a $60 million, 12-building portfolio comprising mostly medical tenants […]

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A new MOB, the first building of a two-phase project, is planned for the far end of a parking lot at an office complex at 7700 France Ave., in the Minneapolis suburb of Edina, Minn. The developer is Edina-based Frauenshuh Commercial Real Estate. (Rendering courtesy of the city of Edina)

Outpatient Projects: MOB campus planned in Minnesota

Frauenshuh proposes MOBs near Minneapolis suburb’s prominent medical corridor By John B. Mugford In the Twin Cities of Minneapolis and St. Paul, Minn., one of the most prominent medical corridors is adjacent to the 338-bed Fairview Southdale Hospital in the affluent first-ring suburb of Edina. According to a recent Minneapolis-St. Paul Medical Office report by […]

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Officials with Mount Sinai Medical Center in Miami Beach recently broke ground on a $275 million expansion that includes this future eight-story, 155-bed surgical/patient tower and an expanded 35,000 square foot emergency department. (Rendering courtesy of Mount Sinai Medical Center of Florida)

Inpatient Projects: $275M project starts in Miami Beach

Mount Sinai continues to see growing demand for its services on Biscayne Bay By John B. Mugford When Mount Sinai Medical Center of Florida opened its first emergency department (ED) on its campus in Miami Beach in 1972, there were three other hospitals on the island, which was inhabited mostly by retirees. Things have changed […]

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The new $550 million, 27-story, 242-bed Shirley Ryan AbilityLab is scheduled to open March 25 at 355 E. Erie St. in Chicago’s Streeterville neighborhood, replacing and rebranding the 182-bed Rehabilitation Institute of Chicago (RIC) hospital at 345 E. Superior St. (Rendering courtesy of RIC)

Post-Acute & Senior Living: $550M rehab hospital set to open

Rebranded AgilityLab facility will replace the Rehabiltation Institute of Chicago By Murray W. Wolf The new $550 million, 27-story, 242-bed Shirley Ryan AbilityLab is scheduled to open March 25 at 355 E. Erie St. in Chicago’s Streeterville neighborhood. The new facility will replace, rebrand and expand the 182-bed Rehabilitation Institute of Chicago (RIC) hospital at 345 […]

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For Sale: Absolute Net Lease Rehabilitation Hospital | Austin, Texas

JLL is pleased to offer for sale the fee simple interest in Central Texas Rehabilitation Hospital (“CTRH”), a 50-bed rehabilitation hospital operated under a long-term absolute net lease. The tenant is a joint venture between Seton Healthcare Family (“Seton”) and Kindred Healthcare, Inc. (“Kindred”). Seton operates the nearby 447-bed Seton Medical Center Austin (“Seton Hospital”), […]

Duke Realty will develop a five-level parking deck at Northside Hospital’s Center Pointe I and II medical office buildings in Sandy Springs, Ga. The new parking structure will supplement the 1,284 parking spaces currently on-site.

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For other healthcare news from Duke Realty, please visit: www.dukerealty.com/category/healthcare/

News Release: Duke Realty to develop 420-car parking deck at Northside Center Pointe I and II near Atlanta

The five-level structure will provide expanded parking and increased convenience for patients and workers in the Sandy Springs-Pill Hill area healthcare buildings SANDY SPRINGS, Ga., and INDIANAPOLIS, March 22, 2017 – Duke Realty will soon begin developing a five-level, 420-car parking deck at Northside Hospital’s Center Pointe I and II medical office buildings (MOBs) in […]

For Sale: Value Add NNN Leased Medical Office Building in Ahwatukee

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News release: Capital One Closes $30.5 Million Loan for Acquisition of Michigan Medical Office Building

Bethesda, Md. (March 22, 2017) – Capital One announced today that it served as the administrative agent for a $30.5 million loan for the acquisition of a 107,000-square-foot, medical office building in Grand Rapids, Mich. The principal is Carter Validus Mission Critical REIT II, which was formed in 2013 to invest in high-quality data centers and […]

Ryan plans to develop a two-story,50,000 square foot medical office building in Blaine, Minn., a growing suburb of Minneapolis. (Rendering courtesy of Ryan)

News Release: Ryan Companies US, Inc. Proposes New 50,000 Square Foot Medical Office Building for Active Blaine Market

Minneapolis, MN. (March 21, 2017) Ryan announced today plans to develop a 50,000 square foot medical office building in Blaine, MN, a growing suburb of Minneapolis. The two-story, Class A, medical office building, named Blaine Health Center, will be located at 11161 Ulysses St. NE. Positioned along Highway 65; Blaine Health Center is anticipated to […]

News Release: Inland Real Estate Acquisitions, Inc. Purchases Four Medical Office Properties

Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisitions of four medical office buildings, located in North Carolina, Texas and Utah, for a combined total of nearly 119,000 square feet of commercial real estate. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transactions […]

News Release: Griffin-American Healthcare REIT IV Acquires Class A Medical Office Building in Reno, Nevada

NEWS PROVIDED BY American Healthcare Investors, LLC Mar 17, 2017, 15:00 ET RENO, Nev., March 17, 2017 /PRNewswire/ — American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired Reno Medical Office Building (commonly known as Saint Mary’s Center for Health), an […]

News Release: NAI Farbman Announces Its Commercial Real Estate Transactions for January 2017

SOUTHFIELD, MI – March 17, 2016 – NAI Farbman closed 11,638 square feet of medical office lease transactions in January 2017, through two lease renewals in the Providence Medical Building in Southfield, Michigan; and a new lease to Oakwood Enterprises in Newport, Michigan. NAI Farbman’s Jeff Cavazos and Kristi Lawton represented the landlord, Healthcare Realty Services, […]

For Sale: Offers Requested – A Class A, 100% Leased Medical Office Investment Opportunity in Portland, Oregon

Offers Requested by Monday, April 3rd, 2017 – 5:00 PM PST The Offering CBRE’s U.S. Healthcare Capital Markets Group is pleased to exclusively offer the opportunity to acquire The Oregon Clinic Gateway Medical Office Building (the “Property”). The Property was constructed in 2006 with LEED Gold certification and totals 101,142 square feet of rentable square […]

Jonathan L. “John” Winer of Seavest Healthcare Properties.
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News Release: New article explores the U.S. healthcare real estate outlook for 2017 and beyond

Available at BOMA.org, John Winer of Seavest Healthcare Properties discusses the impact of the election, demographics and new care models WHITE PLAINS, N.Y., March 16, 2017 – An expert analysis of key trends affecting the healthcare real estate (HRE) sector by Seavest Healthcare Properties Senior Managing Director and CIO Jonathan L. “John” Winer is set […]

Thought Leaders: Who Were the Hot Buyers of Medical Office in 2016?

JLL research shows that the largest medical office owners were active buyers in 2016, but the hot money shifted and with it – a few surprises. Key Points: The largest buyers in 2016 were the public medical office REITs (DOC, HTA, HR) which enjoyed record high share values in mid-2016. These focused REITs were often the […]

Joint venture partners Baylor Scott & White and Emerus, along with developer Duke Realty, recently broke ground for a 27,149-square-foot, two-story emergency medical center and outpatient clinic in Grand Prairie, Texas. The hospital is expected to be completed in summer 2017. (Rendering courtesy of Duke Realty)

News Release: Duke Realty, JV partners break ground on emergency medical center in Grand Prairie

This will be the seventh Baylor Scott & White-Emerus emergency medical center developed by Duke Realty in Texas to provide more convenient medical services in local neighborhoods GRAND PRAIRIE, Texas, and INDIANAPOLIS, March 15, 2017 – Outpatient emergency medical centers, which offer high quality healthcare services and accessible, convenient neighborhood locations, are becoming more prevalent […]

News Release: Brown joins Montecito Medical as aquisitions vice president

NASHVILLE, Tenn., Mar. 15, 2017 – Veteran merger-and-acquisition executive Bryan Brown has joined Montecito Medical Real Estate, a premier owner of medical office buildings across the U.S., as vice president of acquisitions. Brown will work out of the company’s Nashville headquarters and report directly to CEO Chip Conk. “Bryan’s strong work ethic and integrity, coupled […]

South Street Landing, Providence, Rhode Island (Graphic: Business Wire)

News Release: Ventas Acquires High-Quality Life Science, Research and Medical Campus, Adding New Relationships with Leading Research Universities and Academic Medical Centers

Acquisition Includes Historic Renovation at South Street Landing, 100 Percent Leased to Brown University and the Nursing Education Center CHICAGO–(BUSINESS WIRE)–Mar. 14, 2017– Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today that it has purchased a high-quality life science, research and medical campus in Providence, Rhode Island (the “Providence acquisition”) from affiliates of […]

Thought Leaders: HH2C Q4 MOB Report: Large Portfolio Activity Drives 2016 Transaction Volume

Hammond Hanlon Camp LLC Fourth Quarter Medical Office Building Report:  Large Portfolio Activity Drives 2016 Transaction Volume posted on March 14, 2017 NEW YORK — Investor appetite remained strong for medical office buildings in 2016 with a total of $8.5 billion in reported transaction volume.  It was a year marked by large portfolio sales, fueled by institutional capital. […]