INPATIENT PROJECTS: Work begins for $550M med center
SSM Health is replacing the current Saint Louis University Hospital in St. Louis By Connie M. McCaffrey The future of medicine and health education recently began looking even brighter for the St. Louis region. Ground has been officially broken on the new $550 million, 316-bed SSM Health Saint Louis University Hospital and Ambulatory Care Center in St. Louis. The 802,000 square foot […]
OUTPATIENT PROJECTS: Mercy Health-Toledo begins developing $56.3 million hospital, surgical center and MOB
TOLEDO, Ohio – Mercy Health-Toledo recently broke ground on a new $56.3 million, 101,000 square foot hospital, surgical center and medical office building (MOB), according to the local Toledo Blade newspaper The new facility will be built in Perrysburg, about 11 miles southwest of Toledo, and will feature primary and specialty care under one roof.
OUTPATIENT PROJECTS: NCH Healthcare System plans to develop 41,000 square foot FED in Estero, Fla., north of Naples
ESTERO, Fla. – Naples, Fla.-based NCH Healthcare System plans to develop a two-story, 41,000 square foot freestanding emergency department (FED) in Estero, about 25 miles north, according to the local Naples Daily News newspaper.
OUTPATIENT PROJECTS: UPMC unveils one medical mall near Philadelphia and is eyeing the development of more
HAMPTON TOWNSHIP, Pa. – As University of Pittsburgh Medical Center (UPMC) officials unveiled a new $19 million, 44,000 square foot medical mall in Hampton Township in August, they said the project will be only the start of a push into northeastern Allegheny County, Pa.
OUTPATIENT PROJECTS: New federal law clears the way for Portland, Maine, VA facility to move ahead with expansion
PORTLAND, Maine — In more VA news, a new federal law has cleared the way for the start of a long delayed expansion of a VA outpatient health center in Portland.
OUTPATIENT PROJECTS: VA opens new $38 million, 86,363 square foot outpatient clinic near South Bend, Ind.
MISHAWAKA, Ind. — The U.S. Department of Veterans Affairs was scheduled in mid-September to open its new 86,363 square foot VA-South Bend Outpatient Clinic in Mishawaka, which abuts South Bend in the northern part of the state.
Outpatient Projects: NYU Langone Hospital-Brooklyn plans $83.7 million ASC to handle less complex surgeries
BROOKLYN, N.Y. – A Certificate of Need (CON) application filed with the New York State Department of Health reveals that NYU Langone Hospital-Brooklyn (formerly NYU Lutheran Medical Center), plans to build a $83.7 million ambulatory surgery center (ASC) at 5610 Second Ave. in Brooklyn.
News Release: Florida Orthopaedic Institute leases 29,000-square-foot space in new medical office building in Tampa area
Construction started Oct. 24 on 53,000-square-foot building being developed by Ryan Companies TAMPA, Fla. (October 25, 2017) – Florida Orthopaedic Institute has leased a 29,000-square-foot clinical suite in Brandon Gateway Medical Plaza, a 53,000-square-foot multi-tenant medical office building being developed in Brandon by Ryan Companies. Ryan Companies, which is also the architect and contractor of the project, broke […]
Industry Pulse: Hre Properties Escaped Much Hurricane Damage
How did Hurricane Harvey affect healthcare real estate in the Greater Houston area? When one thinks of the Houston healthcare market, one immediately thinks of the 1,345-acre Texas Medical Center (TMC), the world’s largest medical center – and home to some of the world’s most valuable healthcare real estate. So did the TMC, southwest of flood-ravaged downtown Houston, […]
Capital Markets: Spotlight on IPA Capital Markets
Gino Lollio and Scott Niedergang expound on medical office, the current market By Erik Tellefson In continuing with our “Spotlight on” series, this month we are discussing the medical office (MOB) asset class with Gino Lollio and Scott Niedergang from IPA Capital Markets, who share their views on the market, current events and expectations for 2017, with an emphasis on deal […]
Post-Acute and Senior Living: Integral Senior Living celebrates grand opening of The Pointe at Lifespring Senior Living
KNOXVILLE, Tenn. – The Pointe at Lifespring, a new assisted living and memory care community, celebrated its grand opening in Knoxville in late August.
Post-Acute and Senior Living: Living Care Lifestyles starts senior facility with memory care wing in Visalia, Calif.
VISALIA, Calif. – Seattle-based Living Care Lifestyles and local partners broke ground in early September on the future Quail Park at Shannon Ranch, a senior living community in northwest Visalia.
Post-Acute and Senior Living: Berkadia’s healthcare team closes more than $1 billion in financings in one day
NEW YORK – Sept. 7 was a busy day for the Seniors Housing and Healthcare Group with New York-based Berkadia,as the group closed more than $1.03 billion in financings.
Post-Acute and Senior Living: Capital One provides financing for Kayne Anderson’s acquisition of Sentio healthcare REIT
BETHESDA, Md. – Capital One announced Sept. 13 that it provided a $251 million bridge loan and a $300 million Freddie Mac senior housing revolving credit facility to Kayne Anderson Real Estate Advisors (KAREA), enabling it to purchase Sentio Healthcare Properties, a nontraded real estate investment trust (REIT). KAREA is part of Kayne Anderson Capital […]
Post-Acute & Senior Living: Investors still favor senior housing
NIC/NREI survey finds that product type remains more popular than other properties By John B. Mugford Senior housing remains the most attractive commercial real estate property investment sector, outranking apartments, industrial, hotels, office and retail for the fourth year in a row.