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Transactions: Physicians Realty Trust makes a number of buys in late 2016, early 2017

MILWAUKEE – Milwaukee-based Physicians Realty Trust (NYSE: DOC) made big headlines in mid-2016, closing on the largest health system monetization, or sale, of an MOB portfolio ever recorded.

The three-story, 45,576 square foot Hardy Oak MOB at 18626 Hardy Oak Blvd. in San Antonio is one of the properties acquired by Starwood Property Trust. Photo courtesy of Starwood Property Trust

Transactions: Starwood’s $796.6M deal closes

Transaction was finalized just before year-end, making it the biggest deal of 2016 By John B. Mugford Just days before the end of 2016, the largest medical office building (MOB) deal of the year closed with a few days to spare.

Officials from WVU Medicine University Healthcare Physicians (UHP) and WVU Medicine University Healthcare gathered Jan. 18 with community representatives for a groundbreaking ceremony to celebrate the future site of the Spring Mills Medical Office Building.  (Photo courtesy of WVU Medicine University Healthcare)

Outpatient Projects: Physicians to own future MOB underway in far eastern West Virginia

SPRING MILLS, W.Va. – Ground has been broken in Spring Mills, in the far eastern part of the state, for a future $11 million MOB that will be owned by doctors with WVU (West Virginia University) Medicine Healthcare Physicians. The group has an affiliation with relationship with Morgantown, W. Va.-based WVU Medicine University Healthcare, which […]

Outpatient Projects: Baptist Health South Florida proposes $30 million MOB as Broward County expansion continues

Outpatient Projects: Baptist Health South Florida proposes $30 million MOB as Broward County expansion continues

PLANTATION, Fla. – Miami-based Baptist Health South Florida recently announced plans for a 30,000 square foot, $30 million MOB in the Cornerstone Corporate Center in Plantation, just west of Fort Lauderdale, according to The Real Deal South Florida, a local publication.

Outpatient Projects: Aurora to build 200,000 square foot outpatient campus in Kenosha, Wis.

KENOSHA, Wis. – Milwaukee-based Aurora Health Care is making a big commitment to Kenosha as well as to its outpatient delivery care model, as the 15-hospital, 159-clinic health system recently announced plans for a $130 million, two-building project just west of U.S. Interstate 94.

Outpatient Projects: Physicians to own future MOB underway in far eastern West Virginia town of Spring Mills

Outpatient Projects: Physicians to own future MOB underway in far eastern West Virginia town of Spring Mills

SPRING MILLS, W.Va. – Ground has been broken in Spring Mills, in the far eastern part of the state, for a $11 million MOB that will be owned by doctors with WVU (West Virginia University) Medicine Healthcare Physicians.

Outpatient Projects: Medistar, Bay Area Regional to develop 60,000 square foot MOB in Webster, Texas

Outpatient Projects: Medistar, Bay Area Regional to develop 60,000 square foot MOB in Webster, Texas

WEBSTER, Texas – Bay Area Regional Medical Center and Houston-based Medistar Corp. plan to break ground later in 2017 on a 60,000 square foot MOB in Webster, about 25 miles southeast of downtown Houston.

Outpatient Projects: Rezoning clears the way for MOB on vacant lot in the Chicago suburb of Arlington Heights, Ill.

Outpatient Projects: Rezoning clears the way for MOB on vacant lot in the Chicago suburb of Arlington Heights, Ill.

ARLINGTON HEIGHTS, Ill. – Village of Arlington Heights trustees recently approved a rezoning that allows the construction of a 26,664 square foot MOB on the south side of town, according to the local Daily Herald newspaper.

Outpatient Projects: Louisville, Ky., developer adding another MOB to shopping area near Norton hospital

Outpatient Projects: Louisville, Ky., developer adding another MOB to shopping area near Norton hospital

LOUISVILLE, Ky. – Louisville-based McMahan Group LLC is developing a 100,000 square foot MOB in Old Brownsboro Crossing, a shopping area that’s home to the 120-bed Norton Brownsboro Hospital, part of Louisville-based Norton Healthcare.

Outpatient Projects: Work could start soon on stalled, $200 million proton therapy facility in Atlanta

ATLANTA – With new financing likely in place and the original developer removed from the project, the future $200 million-plus Emory Proton Therapy Center (EPTC) near Emory University Hospital Midtown in Atlanta could be back under construction by spring or summer 2017.

Outpatient Projects: Local developers plan MOB in medical corridor near new Birmingham, Ala., hospital

Outpatient Projects: Local developers plan MOB in medical corridor near new Birmingham, Ala., hospital

BIRMINGHAM, Ala. – A pair of local developers are building of a 30,000 square foot MOB at 5100 Cahaba River Road in Birmingham.

Outpatient Projects: HSA PrimeCare developing 109,000 square foot MOB for Froedtert in Wisconsin

OAK CREEK, Wis. – HSA PrimeCare announced Jan. 17 that it is developing a 109,000 square foot health center in Oak Creek for Froedtert & The Medical College of Wisconsin.

Minneapolis-based The Davis Group recently announced that it is teaming with Aventura, Fla.-based Elion Partners on the development of an MOB that will have 50,000 square feet, or more, in a new mixed-use project in Woodbury, Minn., east of St. Paul. Rendering courtesy of The Davis Group

Outpatient Projects: Minnesota firm plans new MOB

The Davis Group announces project in expanding mixed-use development By John B. Mugford The most prolific medical office building (MOB) developer in the Twin Cities area of Minneapolis and St. Paul, Minn., during the past couple of decades is planning another facility in a growing suburb.

Jackson Health System has broken ground for the development of a new 27.3-acre campus in Doral, Fla., called Jackson West. The medical campus would include outpatient and emergency services and, eventually, a 100-bed acute care hospital. (Rendering courtesy of Jackson Health System)

Inpatient Projects: Jackson starts work on new campus

Provider breaks ground for inpatient facilities in Doral, Fla.; hospital to be added By John B. Mugford In its quest to build a new hospital in what is often referred to as a “medical desert” in Doral, Fla., Miami-based Jackson Health System is still trying to overcome a number of obstacles and challenges to culminate […]

Inpatient Projects: Hospital in growing Columbia, S.C., expanding with $400 million, 175-bed plan

Inpatient Projects: Hospital in growing Columbia, S.C., expanding with $400 million, 175-bed plan

WEST COLUMBIA, S.C. – In an effort to keep up with what is being called “exponential” growth in Lexington County, S.C., about 100 miles south of Charlotte, N.C., Lexington Medical Center in West Columbia is in the midst of a $400 million expansion plan that will add a 10-floor tower, 545,000 square feet, 175 beds, […]

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