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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 […]

News Release: Debt Raise for the acquisition of a two building, 51,681 SF MOB Portfolio Located in Tampa, Florida

Transaction Overview Healthcare Real Estate Capital (“HRE Capital”) was selected as the exclusive advisor to AW Property Co. (“AW”) related to securing financing for the acquisition of a 51,681 square foot medical office building portfolio (“Portfolio”) located in Tampa, Florida.  The two on-campus, single-tenant medical office buildings are subject to long-term lease agreements with dominant, […]

News Release: JLL Taps Veteran Expert to Lead Financing Efforts in Pacific Northwest

News Release: JLL Taps Veteran Expert to Lead Financing Efforts in Pacific Northwest

John Lo joins Seattle office to lead debt and equity practice SEATTLE, July 30, 2014 – Strong demand for debt and equity expertise in the Pacific Northwest has led JLL’s Capital Markets to hire industry veteran John Lo to lead the firm’s real estate investment banking practice for  Washington and Oregon. Lo will work with […]

For Sale: 94% Leased Medical Office Campus in Regional Medical Corridor - Memphis MSA

For Sale: 94% Leased Medical Office Campus in Regional Medical Corridor – Memphis MSA

Pinnacle Center – 7900 Airways Boulevard Southaven, Mississippi Investment Summary Square Footage: 73,859 Year Built: 2002-2003 Occupancy: 94.2% Net Operating Income: $876,373 The Offering CB Richard Ellis Memphis, LLC is pleased to present for sale the Pinnacle Center located in Southaven, Mississippi. Constructed from 2002 to 2003, the Pinnacle Center consists of three (3) office […]

News Release: BGL Announces the Formation of a National Healthcare Real Estate Group

(July 30, 2014) Brown Gibbons Lang & Company (BGL), a leading middle market investment bank, is pleased to announce the formation of the National Healthcare Group within Brown Gibbons Lang Real Estate Partners (BGLRP), BGL’s real estate investment sales advisory practice. BGLRP’s National Healthcare Group operates in all U.S. markets, specializing in providing healthcare real […]

July 2014 PDF

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Archives: July 2014

Archives: July 2014

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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 […]

Transactions: New hospital owner acquires MOB across the street in Downey, Calif.

DOWNEY, Calif. – On the heels of acquiring the former Downey Regional Medical Center, PIH Health recently purchased an MOB across the street from what is now known as PIH Health Hospital–Downey. The not-for-profit health system, which was founded in 1959 and is based in Whittier, Calif., paid $11.3 million for the 56,121 square foot […]

Transactions: ARC Healthcare Trust II continues to make buys, nears closing of offering

NEW YORK – Like its predecessor with a very similar name, ARC Healthcare Trust II Inc. is off to a fast start in the healthcare real estate (HRE) sector. So fast, in fact, that the non-traded real estate investment trust (REIT) is already nearing the possible closing of its public stock offering, which began in […]

Among the recent acquisitions made by Physicians Realty Trust is The Renaissance Center in Oshkosh, Wis. The REIT paid $8.5 million for the 24,622 square foot facility at 2400 Witzel Ave., or about $349 per square foot. Photos courtesy of The Renaissance Center

Transactions: DOC REIT keeps on making buys

Recent acquisitions push Physicians Realty Trust’s portfolio above $500 million By John B. Mugford At the time of its initial public offering a year ago this month, Milwaukee-based Physicians Realty Trust (NYSE: DOC) owned a portfolio of medical properties with a total purchase-price value of about $124 million.

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 […]

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 […]

Outpatient Projects: UH system plans MOB, FED in far southern Cleveland suburbs

BROADVIEW HEIGHTS, Ohio – Cleveland-based University Hospitals (UH) plans to break ground later this year on a $28 million, outpatient health center with a freestanding emergency department (FED) in Broadview Heights, in Cleveland’s far southern suburbs. The proposed 52,000 square foot, $28 million ambulatory health center and FED is slated for a 6-acre site near […]

Outpatient Projects: $50 million virtual medical facility started for Mercy, near St. Louis

CHESTERFIELD, MO. – In the 1980 movie spoof “Airplane,” the late comedic actor Leslie Nielsen, while playing Dr. Shirley Rumack, had an interesting exchange about healthcare real estate (HRE) with flight attendant Elaine Dickinson. Rumack: “You’d better tell the captain we’ve got to land as soon as we can. This woman has to be gotten […]