Current Edition: May 2017

Current Edition: May 2017

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)   2017 Archives 2016 Archives 2015 Archives 2014 Archives 2013 Archives The full content of this article is only available to paid […]

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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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Artist rendering of the Cleveland Clinic Family Health Center in Coral Springs, Fla.  (Rendering courtesy of Rendina)

News Release: Cleveland Clinic Partners with Rendina on Family Health Center

JUPITER, Fla., May 17, 2017 – Cleveland Clinic and Rendina Healthcare Real Estate have broken ground on a new $32 million, 72,000-square-foot Family Health Center in Coral Springs, Fla. Situated on a 5.25 acre site at the intersection of University Drive and Sawgrass Expressway, the three-story facility will be fully occupied by Cleveland Clinic and […]

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Cover Story: Tearing up Obamacare

How potential health law changes might affect HRE By John B. Mugford With resistance in Congress, President Donald Trump has found it more difficult than he expected to keep his campaign promise to repeal and replace Obamacare. Yet most believe that some changes to the Patient Protection and Affordable Care Act (PPACA) are inevitable. How […]

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The $154 million, 459,717 square foot Baylor Charles A. Sammons Cancer Center, which was developed by Duke Realty, opened in Dallas in late March.
Photo courtesy of Duke Realty

News Release: Duke Realty to sell medical office business to Healthcare Trust Of America for $2.8 billion

Nearly $3 Billion of Proceeds When Combined with Recently Completed Ten Building Sale to Hospital System; Positioned as Leading Pure Play Domestic Industrial REIT INDIANAPOLIS, IN — (Marketwired) — 05/01/17 — Duke Realty Corporation (NYSE: DRE) (the “Company”) entered into an agreement with a subsidiary of Healthcare Trust of America, Inc., to sell its medical […]

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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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MedProperties Holdings and Caddis formed a joint venture to develop a 67,566 square foot, 90-bed hospital in Surprise, Ariz. to meet the growing demand for behavioral healthcare services for adolescents, adults and geriatric patients. Destiny Springs Healthcare LLC is preleasing 100 percent of the hospital.  (Rendering courtesy of MedProperties Holdings)

News Release: MedProperties Holdings and Caddis form JV to develop behavioral health hospital near Phoenix

The 90-bed, 67,566 square foot, 100 percent preleased Destiny Springs Behavioral Health Hospital will help meet the significant local demand for behavioral healthcare services SURPRISE, Ariz., and DALLAS, June 21, 2017 – The behavioral healthcare industry has historically faced a major shortage of services and facilities. That’s definitely the case in the Phoenix metropolitan area, […]

Neil Carolan accepts the Outstanding Achievement Award in Denver.  (Photo courtesy of Rendina)

News Release: Rendina’s Neil Carolan wins BOMA Outstanding Achievement Award

FOR IMMEDIATE RELEASE Media Contact:  Steve Barry, Rendina, 561.630.5055, sbarry@rendina.com JUPITER, Fla., June 21, 2017 – Neil Carolan, Senior Vice President of Business Development & Leasing at Rendina Healthcare Real Estate, was the recipient of an Outstanding Achievement Award at the recent Building Owners and Managers Association’s (BOMA) 2017 Medical Office Buildings & Healthcare Real […]

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News Release: HFF arranges $28.5 million sale and JV for Torrey Hills Medical Plaza in San Diego

HFF arranges $28.5 million sale and joint venture partnership for the acquisition of Torrey Hills Medical Plaza in San Diego SAN DIEGO, CA – June 21, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged the $28.5 million sale of Torrey Hills Medical Plaza, a 44,091-square-foot, Class A medical office building […]

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News Release: The Muller Company’s Taj Mahal Medical Center Wins BOMA’s Pacific Southwest Regional TOBY Award

FOR IMMEDIATE RELEASE:   The Muller Company’s Taj Mahal Medical Center in Laguna Hills Wins BOMA’s Pacific Southwest Regional TOBY (The Outstanding Building of the Year) Award for Medical Office Building * * * Taj Mahal Medical Center is now a Finalist in BOMA’s International Award Competition IRVINE, Calif. – The Muller Company, a full-service […]

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News Release: Anchor Health Properties celebrates grand opening of The Health Center at Palmer Township

FOR IMMEDIATE RELEASE June 20, 2017 Contact: Emily Kanter, Maven Communications ekanter@mavenagency.com; 215-434-7195   (Philadelphia, PA)- Anchor Health Properties (Anchor), a national, full-service healthcare real estate development, management and acquisitions company focused exclusively on medical facilities, is pleased to announce the grand opening of The Health Center at Palmer Township, Anchor’s fifth project with Lehigh […]

Kevin Jones

News Release: Kevin Jones joins ZRG Partners for expansion into the Global Real Estate market

For Immediate Release Rochelle Park, NJ (June 21, 2017) – ZRG Partners, a fast growing global leader in Executive Search and Talent Management, has expanded into the Commerical Real Estate arena with the addition of Kevin Jones, Managing Director. Kevin will lead the firm’s global Commercial Real Estate executive search platform as well as the […]

Left to right: Jen Holper, Senator Michelle Benson, Brian Murray, Dr. Joel Oberstar, Dr. Stephen Setterberg, Mayor of Brooklyn Park Jeffrey Lunde, Ann Duginske (Photo courtesy of Ryan Companies)

News Release: Ryan Companies and PrairieCare Celebrate Grand Opening of New Medical Office Building

FOR IMMEDIATE RELEASE                                                                                                                                                                                                                                     Ryan Companies US, Inc. and PrairieCare Celebrate Grand Opening of New Medical Office Building in Brooklyn Park, MN Minneapolis, MN (June 16, 2017) — Ryan Companies US, Inc. and PrairieCare, LLC announce the grand opening of the 610 Medical Center located in Brooklyn Park, Minn. The 41,000 square-foot, two story medical […]

News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Atlanta

News Release: Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Atlanta

NEWS PROVIDED BY American Healthcare Investors 15 Jun, 2017, 14:00 ET ATLANTA, June 15, 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 Lawrenceville Medical Office Building in the Atlanta suburb of Lawrenceville, Georgia. Built in 2005, the approximately […]

Manfred Steiner

News Release: Hammond Hanlon Camp LLC Welcomes New Managing Director Manfred Steiner

FOR IMMEDIATE RELEASE CHICAGO — June 15, 2017 — Hammond Hanlon Camp LLC (“H2C”), a healthcare focused strategic advisory and investment banking firm, is pleased to announce that Manfred R. Steiner has joined the firm as a Managing Director in H2C’s Chicago Office. Manfred joins H2C with twenty-five years of experience providing financial, valuation, and strategic advisory services to […]

News Release: Healthcare Trust of America Announces 2Q Investment Activity

13 Jun, 2017, 14:53 ET SCOTTSDALE, Ariz., June 13, 2017 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE: HTA), announced today that it has successfully executed on the majority of its previously announced 2Q investments; closing on approximately $2.3 billion of properties, raising $2.7 billion of capital, and adding a best-in class development platform. This execution […]

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News Release: PMB Selected to Develop New San Antonio Regional Hospital Medical Office Building

The new medical facility includes a City of Hope Cancer Center as part of a 56,000-square-foot, two-story medical office building in Upland, Calif. Upland, Calif., (June 13, 2017) – Development is underway for a 56,000-square-foot, two-story ambulatory care medical office building on the San Antonio Regional Hospital campus in Upland, Calif. that will include a City […]

Keith Konkoli

News Release: Healthcare Trust of America Adds Healthcare Development Platform

Appoints Keith Konkoli Executive Vice President of Development Company Release – 06/12/2017 18:12 SCOTTSDALE, Ariz., June 12, 2017 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE:HTA), the largest dedicated owner and operator of medical office buildings in the United States, announced today that it had completed its addition of the Duke Realty’s (“Duke”) Healthcare development and […]

MedProperties Holdings and Cypress West formed a joint venture to acquire the 54,923 square foot, Class A Riverwalk Medical Plaza in Bakersfield, Calif. Major tenants include Dignity Health, Quest Diagnostics, Children’s Hospital of Los Angeles and GEM Physicians Medical Group. (Photo courtesy of MedProperties)

News Release: MedProperties Holdings and Cypress West acquire Riverwalk Medical Plaza in California

The 54,923 square foot facility is in the premium, sought-after Bakersfield market and includes a value-add, vacant 5,500 square foot space that will provide incremental, long-term revenue BAKERSFIELD, Calif., and DALLAS, June 7, 2017 – The newest joint venture acquisition from MedProperties Holdings LLC has it all: immediate cash flow; a value-add space with additional […]

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News Release: Cornerstone Companies Inc. MOB Fund II Spends $22.6 Million To Acquire Three Medical Office Buildings

FOR IMMEDIATE RELEASE INDIANAPOLIS, IN (May 30, 2017) – Cornerstone Companies, Inc. recently announced the acquisition of three health care real estate properties totaling 82,000 square feet in Indiana, Kentucky, and Colorado with an aggregate purchase price of $22.6 million. The properties were acquired by Cornerstone MOB Fund II, a private equity fund focused solely […]

News Release: McCarthy Building Companies, Inc. breaks ground on Children’s Hospital Outpatient Center

News Release: McCarthy Building Companies, Inc. breaks ground on Children’s Hospital Outpatient Center

$40 million project will provide outpatient services to over 100,000 children a year ATLANTA and CHATTANOOGA, Tenn. (June 7, 2017) – McCarthy Building Companies, Inc. broke ground yesterday on the new Children’s Hospital at Erlanger Outpatient Center. The $40 million outpatient facility is phase one of plans for a new Children’s Hospital, among the nation’s […]