News Release: New hospital, Project Baseline highlighted at State of Stanford Medicine
The annual town hall meeting brought hundreds of faculty and staff together at the Li Ka Shing Center for Learning and Knowledge to hear from the leaders of the two hospitals and medical school, as well as ask them questions. OCT 25 2017 The importance of a diverse community and the politics of health care were […]
TRANSACTIONS: Anchor Health Properties adds to San Diego portfolio with two acquisitions
SAN DIEGO – Wilmington, Del.-based Anchor Health Properties is continuing its growth mode, as the company that once focused most of its efforts on healthcare developments has emerged as a significant player in the MOB acquisitions arena.
TRANSACTIONS: DOC to acquire more Minnesota MOBs
Physicians Realty Trust agrees to buy additional facilities from developer Davis By John Mugford When Milwaukee-based Physicians Realty Trust (NYSE: DOC) acquired a portfolio of eight medical office buildings (MOBs) from The Davis Group in early 2015, officials with both firms said the transaction was likely the start of a new, ongoing relationship. That relationship is continuing this fall with a recent […]
TRANSACTIONS: Bentall Kennedy LP acquires 101,142 square foot MOB in Portland for $49.6M
PORTLAND, Ore. – When the sale of the 100 percent leased Oregon Clinic Gateway MOB in Portland was announced Aug. 18, the buyer and , the sale price were not disclosed.
INPATIENT PROJECTS: UM UCH submits regulatory applications for three projects to cost about $160 million
BEL AIR, Md. – The University of Maryland Upper Chesapeake Health (UM UCH) recently submitted regulatory applications for three projects it’s planning to develop in Northern Maryland for an estimated cost of $160 million.
INPATIENT PROJECTS: Work begins for five-year expansion of McLaren Northern Michigan Hospital
PETOSKEY, Mich. – Construction has begun on a new parking lot in preparation for the expansion of McLaren Northern Michigan hospital in the northern Michigan town of Petoskey, according to the Petoskey News-Review.
INPATIENT PROJECTS: Site study selects St. Elizabeth’s East Campus as future home for new United Medical Center
WASHINGTON, D.C. – A study by Langhorn, Pa.-based Healthcare Building Solutions (HBS) evaluated six potential sites for the future home of the new United Medical Center and settled on St.Elizabeth’s East campus as the best choice, according to the Washington Business Journal.
INPATIENT PROJECTS: Ceremonial groundbreaking held for new Samaritan North Lincoln Hospital in Oregon
LINCOLN CITY, Ore. – A groundbreaking was recently held for the new Samaritan North Lincoln Hospital, which is to be built on the site of the current, nearly 50-year-old hospital in Lincoln City, about 100 miles southwest of Portland, Ore.
INPATIENT PROJECTS: Rochester Regional starts $260 million project; Raymond James advises on bond issuance
ROCHESTER, N.Y. – The Healthcare Finance Group of St. Petersburg, Fla.-based Raymond James (NYSE: RJF) recently served as the advisor to Rochester (N.Y.) Regional Health on its issuance of $151.95 million in tax-exempt revenue bonds.
Industry Pulse: Revista Releases First Top 50 Metro Rankings
The New York metro area is first in several categories, including total square footage The healthcare real estate (HRE) data firm Revista recently released its first-ever “Top 50 Metro Rankings Report for Medical Real Estate.” Here were the top 10 metros, ranked in order of the total number of medical properties:
ON THE RECORD: What attributes is your system looking for in a medical office building?
“We’re looking for access and visibility… for more flexible space, so we have a nice grid we can manipulate as time goes by and things change. Definitely good accessibility for ADA and elderly patients.
INPATIENT PROJECTS: UNM governing board approves starting design work on first phase of new hospital
ALBUQUERQUE, N.M. – The University of New Mexico (UNM) recently agreed to begin the design of a new UNM Health Sciences Center, the Albuquerque Journal reports.
Industry Pulse: Mob Sales Headed For Another Record
RCA says that first-half sales topped $7.2B; JLL says $5.5B There’s a good chance that medical office building (MOB) sales in 2017 will top the all-time record. No matter who is compiling the data, it is clear that 2017 is on a record-setting pace after a remarkable first half of the year. Commercial real estate research firm Real Capital Analytics Inc. […]
Industry Pulse: Details Emerge On CBRE GIP Acquisition
RCA says the deal was slightly larger than first announced More details have emerged in the large medical office building (MOB) portfolio acquisition that was announced Aug. 16 by Los Angeles based CBRE Global Investment Partners (CBRE GIP), an independently operated affiliate of CBRE Group Inc. (NYSE: CBG).
ON THE RECORD: What is the outlook for medical real estate in the coming years?
“The steep increase in the 65+ population and anticipated greater need for in-office physician services by this group signals a continued increase in demand for healthcare services and medical office space in the years ahead.”
