Entries now open for second annual HREI Insights Awards

Entries now open for second annual HREI Insights Awards

Healthcare Real Estate Insights™ magazine announces the second annual awards program recognizing excellence in healthcare real estate. Entries are due Friday, Oct. 17, 2014. About the HREI Insights Awards™ The HREI Insights Awards™ were established by Healthcare Real Estate Insights™ magazine in 2013 to recognize excellence in healthcare real estate. The HREI Insights Awards are […]

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Current Edition: June 2014

Current Edition: June 2014

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) Digital flipbook (COMING SOON!) 2014 Archives 2013 Archives

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Cover Story: Hungry for growth: Healthcare REITs  are gobbling up their competitors

Cover Story: Hungry for growth: Healthcare REITs are gobbling up their competitors

Public REITs are gobbling up healthcare real estate – and each other – as they angle to grow their portfolios. Ventas is poised to shore up its position as the biggest fish in the HRE pond, but other REITs are also casting about for ways to move up the food chain. By John B. Mugford […]

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Transactions: HTA grabs MOBs along East Coast

Transactions: HTA grabs MOBs along East Coast

By John B. Mugford Portfolios are the rare gems in today’s healthcare real estate (HRE) investment arena, where available, attractive medical office buildings (MOBs) remain in short supply compared to the amount of capital that would-be buyers desperately want to place. Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA) procured one of those rare finds […]

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Seavest Healthcare Properties and Anchor Health Properties are developing the two-story, 72,000 square foot Penn Medicine Southern Chester County medical office building in Jennersville, Pa. Completion is slated for spring 2015. Rendering courtesy of Seavest Healthcare Properties

Outpatient Projects: Seavest, Anchor start new MOB

  Partners collaborating on 72,000 s.f. medical “destination” near Philidelphia, PA By John B. Mugford As the population continues to grow in southern Chester County, Pa., two firms well-known in the healthcare real estate (HRE) sector are embarking on a project that they believe will become a medical “destination.” The firms are Wilmington, Del.-based Anchor […]

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Houston Methodist health system recently announced plans for a new $328 million, 193-bed hospital in The Woodlands, Texas (above). The system also plans a 390-bed, $540 million replacement tower on its campus in the Texas Medical Center.
Rendering courtesy of Page Southerland Page Inc.

Inpatient Projects: More big plans unveiled in Houston

Latest announcement lifts local providers’ planned investment to $2 billion-plus By Connie M. McCaffrey Houston healthcare providers have announced about $2 billion in new projects in recent months. Houston Methodist last month raised the ante with another ambitious plan. On May 29, Methodist announced plans for a new $328 million, 470,000 square foot hospital campus […]

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The $73.25 million, 23-story, 325,000 square foot River Tower at Trinity Terrace in Fort Worth, Texas, is the largest of four independent living projects Pacific Retirement Services plans to develop or expand on its CCRC campuses this year.
Rendering courtesy of Pacific Retirement Services

Post-Acute & Senior Living: Activity picking up in CCRC space

New, expanded and renovated communities suggest market might be rebounding By Murray W. Wolf The continuing care retirement community (CCRC) was one of the hardest hit healthcare real estate (HRE) product types during and after the housing crash, financial crisis and Great Recession. Many seniors wanted to move to CCRCs at that time but were […]

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REIT Report: Healthcare REITs outperforming S&P

REIT Report: Healthcare REITs outperforming S&P

The sector has delivered a total return of 18.7% compared with 5% for the 500 By Murray W. Wolf Last year was poor one for healthcare real estate investment trusts (REITs) as total returns declined 7 percent while the S&P 500 Total Returns Index soared 32 percent. Ouch. However, things have been quite a bit […]

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CBRE ARRANGES LOAN FOR STONECREEK COMPANY’S MEDICAL OFFICE BUILDING IN CHINO HILLS, CALIFORNIA

CBRE ARRANGES LOAN FOR STONECREEK COMPANY’S MEDICAL OFFICE BUILDING IN CHINO HILLS, CALIFORNIA

DALLAS (August 14, 2014) — CBRE Capital Markets secured the financing for Chino Hills Professional Plaza, a Class A medical office facility in the affluent Los Angeles suburb Chino Hills. CBRE worked on behalf of StoneCreek Company, a local development and investment firm with a focus on medical and healthcare related real estate. Jacksonville, Florida-based […]

Gazit-Globe: ProMed Properties to Sell 6 Properties for a Total of Approximately U.S.$ 205 million

TEL-AVIV, ISRAEL; August 14, 2014 – Gazit-Globe (NYSE; TSX; TASE: GZT), one of the world’s leading multi-national real estate companies focused on the acquisition, development and redevelopment of supermarket-anchored shopping centers in major urban markets, announced today that its wholly-owned subsidiary, ProMed Properties, Inc. is under contract to sell 6 medical office buildings. The transactions […]

News Release: FKP Architects Hires Dallas Healthcare Leader: James Kendrick Joins FKP

News Release: FKP Architects Hires Dallas Healthcare Leader: James Kendrick Joins FKP

HOUSTON, TX, August 13, 2014 – FKP Architects continues to expand its Dallas office, adding a key senior leader. James Kendrick, AIA joins the firm as Vice President and Senior Project Manager for the healthcare sector. It this role, Kendrick will be responsible for project leadership, strategic client relationship development, and overseeing adherence to healthcare […]

News Release: Griffin-American Healthcare REIT III Enters Agreement to Acquire Lee’s Summit Medical Office Building Near Kansas City, Missouri

Kansas City, Mo. (Aug. 13, 2014) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced today that the REIT has entered into an agreement to acquire Lee’s Summit Medical Office Building, an approximately 39,000-square-foot, multi-tenant medical office building in the affluent Kansas City suburb of Lee’s Summit, […]

News Release: Methodist Richardson Taps Lincoln Harris CSG for Leasing of Two MOBs

Firm to manage leasing for 132,811 SF at Medical Plaza I & II DALLAS – Lincoln Harris CSG, a full-service commercial real estate services company with a team that specializes in healthcare facilities, has recently been awarded leasing of two medical office buildings totaling 132,811 square feet in Richardson, Texas. Methodist Richardson Medical Center selected […]

News Release: Suffolk Completes $13-Million Diamond Neighborhoods Medical Office Building

SAN DIEGO, CA, August 9, 2014 – Suffolk Construction has completed the new $13-million Diamond Neighborhoods Family Health Center, a 23,000-square-foot medical office building developed and owned by Family Health Centers of San Diego.  The facility provides affordable, medical, mental health, dental and supportive services to the local community, with a special commitment to uninsured, […]

News Release: Gateway Center Secures 40-Percent Lease Expansion for Health Choice Arizona Headquarters

Transwestern Represents Building Ownership in the Transaction (AUGUST 11, 2014 – PHOENIX) – Transwestern today announces it brokered a lease renewal and expansion at Gateway Center on behalf of the building owner, a joint venture between an Oaktree Capital Management LP affiliate and Pearlmark Real Estate Partners LLC. Health Choice Arizona leased an additional 21,669 […]

News Release: RJM Construction begins specialty expansion project at Fairview Northland Medical Center in Princeton

MINNEAPOLIS (Aug. 6, 2014) — RJM Construction, a Minneapolis-based general contractor, started a specialty expansion project at Fairview Northland Medical Center in Princeton last week. The project includes a 25,500-sq.-ft., two-story specialty building and a two-story hallway that will connect it to the existing hospital. The medical building will be complete by the end of […]

News Release: Seavest’s John Winer receives BOMA Outstanding Contribution Award

News Release: Seavest’s John Winer receives BOMA Outstanding Contribution Award

Award recognizes his leadership and pioneering efforts in investment and development of the highly successful healthcare real estate sector WHITE PLAINS, N.Y., Aug. 6, 2014 – Jonathan L. “John” Winer, senior managing director and chief investment officer of Seavest Healthcare Properties LLC, was recently honored as a “pioneer” in the healthcare real estate industry with […]

News Release: NorthStar Realty Finance to Acquire Griffin-American Healthcare REIT II in $4 Billion Transaction

IRVINE, Calif. & NEW YORK (Aug. 5, 2014) – Griffin-American Healthcare REIT II, Inc. (“Griffin-American”) and NorthStar Realty Finance Corp. (NYSE: NRF) (“NorthStar Realty”) today announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which NorthStar Realty will acquire all of the outstanding shares of Griffin-American in […]

For Sale: Denver Class A Medical Office - Value-Add Leasing Opportunity

For Sale: Denver Class A Medical Office – Value-Add Leasing Opportunity

Class A Outpatient Center with Value-Add Potential Offering Information Offering Price: Best Offer Building Size: 36,541 SF  Year Built: 1987 Year Renovated: 2005 Occupancy: 66% In-Place NOI: $488,442 The Offering CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer the Renewal Medical Center (the “Property”) for purchase.  The Property totals 36,541 square feet of […]

For Sale: Value-add Owner-User Medical Office Opportunity Mesa, AZ

For Sale: Value-add Owner-User Medical Office Opportunity Mesa, AZ

Sandstone East 2626 East University Drive Mesa, Arizona 85213 Sandstone East is a ±11,308 square foot medical office building located just west of the intersection of Lindsay Road and University Drive in the densely populated city of Mesa, Arizona. The Property, formerly occupied by a physical therapy company and medical general practitioner, is conducive for […]

News Release: UC Merced Receives Six Statements of Qualifications for 2020 Project The campus will now develop a short-list of teams to which the request for proposals will be released later this year.

MERCED, Calif. — In a strong indication of broad interest in partnering with the University of California, Merced, to further grow the UC system’s newest campus, six respondent teams submitted statements of qualifications (SOQ) to participate in the 2020 Project. The 2020 Project includes the comprehensive development of academic, administrative, research, recreational, student services and […]

News Release: Ygnacio Woods Office Complex Secures Lease Renewal with Key Tenant for a Third of the Building

Transwestern Represents Building Owner in Transaction with Diablo Clinical Research (August 1, 2014 – Walnut Creek, CA) – Transwestern today announces it negotiated a lease renewal of 13,106 square feet for seven years at 2255 Ygnacio Valley Road in Walnut Creek, California. Diablo Clinical Research, which occupies more than one third of the building, intends […]

News Release: Transwestern names Eric Johnson as executive managing director of national healthcare platform

News Release: Transwestern names Eric Johnson as executive managing director of national healthcare platform

Firm Elevates National Practice Amid Change, Consolidation in Healthcare Industry (JULY 31, 2014 – Houston) – Transwestern’s headquarters today announces Eric Johnson has been promoted to the newly created position of executive managing director of the firm’s national healthcare platform. Based in the firm’s Houston office, Johnson will execute innovative strategies and develop best practices […]