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: July 2014

Current Edition: July 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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Mission Health at Biltmore Park in Asheville, N.C., is a good example of how health systems are locating outpatient services in easy-to-access, retail-area locations. The 34,469 square foot facility opened in June and sits amid a collection of restaurants, shops and residences that comprise Biltmore Park Town Square. The medical facility, owned and developed by The Keith Corp. of Charlotte, N.C., is home to Asheville-based Mission Health primary care and diagnostic imaging services.
(Photo courtesy of The Keith Corp.)

Cover Story: Development on the mend

Rising demand for outpatient space is fueling the rebound By John B. Mugford As Philip J. “PJ” Camp puts it, healthcare development “fell off a cliff” back in 2009. That cliff, as it’s turned out, has been quite difficult to re-climb, as the number of annual healthcare real estate (HRE) projects has remained relatively flat […]

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Milwaukee-based Landmark Healthcare Facilities recently broke ground for the $29 million, 90,000 square foot Hospital Hill Outpatient Center on the Truman Medical Centers (TMC) Hospital Hill campus in Kansas City, Mo. (Rendering courtesy of Truman Medical Center)

Outpatient Projects: Downtown hospital bolsters campus

Landmark developing MOB for Truman Medical Centers in Kansas City, Mo. By John B. Mugford Not all new medical office buildings (MOBs) are being built in suburban retail areas away from a health system’s main hospital campus. Truman Medical Centers (TMC) in Kansas City, Mo., in fact, has decided to add a $29 million outpatient […]

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Denver-based NexCore Group is developing and will own the two-story, 67,000 square St. Alexius Minot Medical Plaza ambulatory care center in Minot, N.D., serving the growing healthcare need’s of North Dakota’s exploding population.
(Rendering courtesy of NexCore Group LP)

Outpatient Projects: NexCore to develop, own N.D. MOB

Firm is developing 67,000 square foot facility for St. Alexius Medical Center By John B. Mugford As towns in northwestern North Dakota continue to grow amid the oil boom, healthcare providers are feeling the need to expand their offerings to keep up with demand. One such place is Minot, N.D., a city that saw only […]

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St. Elizabeth’s Hospital and Hospital Sisters Health System recently announced plans for a $300 million, 144-bed replacement for their Belleville, Ill., hospital. The new campus is planned for a 114-acre site in nearby O’Fallon, Ill.
(Rendering courtesy of St. Elizabeth’s Hospital)

Inpatient Projects: Hospital plans $300M replacement

St. Elizabeth’s to relocate to 114-acre campus in O’Fallon, Ill., east of St. Louis By John B. Mugford After 60 years of operating a hospital in the heart of Belleville, Ill., just outside of St. Louis, officials with St. Elizabeth’s Hospital and Hospital Sisters Health System recently announced plans for a replacement facility they say […]

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Ziegler recently closed on $140 million in bond financing for the MonteCedro continuing care retirement community (CCRC) in Altadena, Calif., which is being developed by an affiliate of Episcopal Communities & Services (ECS).
(Rendering courtesy of ECS)

Post-Acute & Senior Living: New CCRC gets $140M in financing

State-backed bond sale might spur more not-for-profit CCRCs in California By Murray W. Wolf It isn’t easy to develop a continuing care retirement community (CCRC) in California. Land and construction costs are above the national average, the project approval process is notoriously difficult, and senior living facilities are highly regulated in the state. CCRC development […]

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News Release: Fairfield Advisors announces successful closing of Scripture Street Medical Building in Denton, TX. – $10,800,000 Sale

Denver CO & Dallas TX (September 10, 2014)- Fairfield Asset Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the successful sale of the Medical Office Building located at 2665 Scripture Street in Denton, Texas. The Medical Building is 40,800 square feet and located on the campus of the Texas Health […]

nsemble developed the 35,355-square-foot Phoenix Children’s Southwest Valley Center, a $14.7 million specialty and urgent care center in Avondale, last year. Ensemble has established a strategic relationship with Phoenix Children’s Hospital to serve as its exclusive real estate advisor.

News Release: Ensemble and Phoenix Children’s Hospital Launch Strategic Real Estate Partnership

Ensemble to serve as exclusive real estate advisor Phoenix, Arizona (September 11, 2014) – Ensemble Real Estate Solutions, a Phoenix-based full-service healthcare real estate firm, has established a strategic relationship with Phoenix Children’s Hospital to serve as its exclusive real estate advisor. “Ensemble, like most developers, has typically worked for hospitals to complete specific real […]

News Release: Array Architects Announces New Principal, Laura Morris

Array Architects is pleased to announce Senior Interior Designer Laura Morris, AAHID, LEED AP BD+C, IIDA, Lean Green Belt, as a principal and shareholder in the firm. Laura joined Array in 2012 and brings two decades of collaborative healthcare design expertise. “When Laura joined the firm two years ago, we knew she had great design […]

News Release: McCarthy and Donley tapped for $20M Education Resource Center for University of Virginia Health System

St. Louis – St. Louis-based McCarthy Building Companies, Inc. and Richmond-based Donley’s have been awarded a $20 million Education Resource Center project for the University of Virginia Health System in Charlottesville, Va. The team will break ground in early October 2014 on the four-story, 46,000-square-foot facility, which is being built on a tight site directly […]

News Release: IO Completes $125 Million Sale-Leaseback with Carter Validus Mission Critical REIT

IO to Continue Data Center Management, Operations and Engineering (Phoenix, AZ) IO, a worldwide leader in software-defined data center technology, services, and solutions, announced a partnership with Carter Validus Mission Critical REIT, Inc. (CVMC REIT) through which CVMC REIT acquired a 100% interest in the real estate containing the IO Phoenix and IO Scottsdale data […]

For Sale: Greater Erie Medical Center

For Sale: Greater Erie Medical Center

2374 Village Common Drive Millcreek Township, PA 16506 INVESTMENT SUMMARY Offering Price: $8,250,000 NOI: $639,433 Cap Rate: 7.75% Year 1 Cash on Cash Return: 16.81% Occupancy: 100% CBRE, as exclusive agent for the owner, is pleased to offer the opportunity to acquire the Greater Erie Medical Center located in Millcreek Township, PA, a suburb of […]

Gwinnett Medical Building is located on the main entry drive of Gwinnett Health System’s primary Atlanta-area hospital in Lawrenceville.

News Release: Caddis acquires Atlanta-area medical building

National healthcare real estate firm recently closed on the 81,627 square foot Gwinnett Medical Building, increasing the company’s presence in the market to 10 healthcare assets ATLANTA and DALLAS, Sept. 10, 2014 – Leading national healthcare real estate firm Caddis Partners LLC ( Caddis) has acquired the 81,627 square foot Class A Gwinnett Medical Building […]

For Sale: Stanly Regional West Medical Center

For Sale: Stanly Regional West Medical Center

PREMIER MEDICAL CENTER LEASED BY AN INVESTMENT GRADE HEALTH SYSTEM OFFERS REQUESTED BY SEPTEMBER 17TH AT 5:00 PM EDT CBRE’s Healthcare Capital Markets Group is proud to exclusively offer the Stanly Regional West Medical Center (“the Property”) in Locust, North Carolina for purchase. Built in 2008, the Stanly Regional West Medical Center is a 20,946 […]

News Release: The Newly Expanded Nemours/Alfred I. duPont Hospital for Children

It’s hard to believe more than three years have passed since we “broke the sky” on the Nemours/Alfred I. duPont Hospital for Children expansion. At 450,000 square feet, this $270M project represents the most significant bricks and mortar investment Nemours has made in the Delaware Valley since the original Alfred I. duPont Institute expanded to […]

News Release: HCP Named Global Healthcare Leader by GRESB

IRVINE, Calif.–(BUSINESS WIRE)–Sep. 9, 2014– HCP (NYSE:HCP) has been named the Global Leader for the Healthcare Sector by the Global Real Estate Sustainability Benchmark (GRESB). This marks the third consecutive year that HCP ranked #1 among all survey respondents within its sector. “We are honored to be recognized again as the Global Healthcare Leader by […]

News Release: Carter Validus Mission Critical REIT Acquires Bay Area Regional Medical Center Property

(Tampa, FL) Carter Validus Mission Critical REIT, Inc. (“CVMC REIT”) announced that it acquired a 60% interest in the Bay Area Regional Medical Center property (the “Property”), a newly constructed acute care hospital in the Houston suburb of Webster, TX. An affiliate of Medistar Corporation, the developer of the Property, retains the remaining 40% interest […]

For Sale: Two Premier Medical Office Buildings Located In Bristol, TN

For Sale: Two Premier Medical Office Buildings Located In Bristol, TN

The Offering CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer the Bristol Medical Portfolio for purchase. The portfolio consists of two medical office buildings strategically located in Bristol, Tennessee. 320 Steeles Road consists of 11,000 net rentable square feet and is located on the campus of Bristol Regional Medical Center (Wellmont Health System). […]

News Release: Just Sold – The Oaks Medical Building, Lady Lake, FL

Global Healthcare Services Recently Sold The Oaks Medical Building Lady Lake, FL 27,992 SF Class A Medical Building PSF: $378 Cap Rate: 6.99% Sale Date: July 31, 2014 Todd Perman, CCIM Executive Managing Director Global Healthcare Services 404.806.2510 tperman@ngkf.com Garth Hogan Executive Managing Director Global Healthcare Services 949.608.2115 ghogan@ngkf.com Brent Barnes Senior Managing Director Global […]

For Sale: Medical Tower Plaza Investment Sale

1060 East 100 South Salt Lake City, UT INVESTMENT SUMMARY CBRE, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in the Class B, multi-tenant medical office building known as Medical Tower Plaza (MTP). MTP is prominently located on the corner of 1100 East and 100 South in the […]

News Release: Stained glass windows donated to hospital

News Release: Stained glass windows donated to hospital

Hospital developer Duke Realty donated $16,000 windows for the chapel of the newly opened Mercy Rehabilitation Hospital Springfield as part of ongoing efforts to enhance patient healing  SPRINGFIELD, Mo., and INDIANAPOLIS, Sept. 3, 2014 – The chapel of the recently opened Mercy Rehabilitation Hospital in Springfield, Mo., now is graced with beautiful $16,000 stained glass […]