2017

Inpatient Projects: VA selects site for $925 million, 104-bed replacement for medical center in Louisville, Ky., area

Inpatient Projects: VA selects site for $925 million, 104-bed replacement for medical center in Louisville, Ky., area

  LOUISVILLE, Ky. – More than a decade after announcing plans to replace the 1950s-era Robley Rex VA Medical Center in the Louisville, the U.S. Department of Veterans Affairs (VA) has selected a site.

Outpatient Projects: Ryan Companies breaks ground for MOB near Tampa, Fla.; Colliers brokers lease

Outpatient Projects: Ryan Companies breaks ground for MOB near Tampa, Fla.; Colliers brokers lease

  TAMPA, Fla. – In more news from the Tampa area, Florida Orthopaedic Institute has signed a leased for 29,000 square feet in the future Brandon Gateway Medical Plaza being developed in the suburb of Brandon, Fla.

Finalists: Best New Mob - Tennessee Cancer Specialists MOB, Knoxville, Tenn.

Finalists: Best New Mob – Tennessee Cancer Specialists MOB, Knoxville, Tenn.

Developer: Realty Trust Group TCS needed an alternative to its cramped practice in a multi-tenant, hospital-owned MOB. It desired more visibility, expansion potential, better parking and wayfinding, and physician ownership.

Post-Acute & Senior Living: HCP details plan to reduce its Brookdale portfolio, both operating and triple-net

Post-Acute & Senior Living: HCP details plan to reduce its Brookdale portfolio, both operating and triple-net

                  LONG BEACH, Calif. – Long Beach-based HCP Inc. (NYSE: HCP), announced Nov. 2 that it has completed several transactions with Brentwood,

Industry Pulse: Mob demand remains high despite uncertainty

Industry Pulse: Mob demand remains high despite uncertainty

Despite uncertainty, MOBs remain hot with investors thanks to favorable demographics Ongoing uncertainty about healthcare will likely persist for an extended period, but positive demographic factors continue to support a growing medical office building (MOB) market.

Finalists: Best New Mob - Calhoun Health Care Center, Brookfield, Wis.

Finalists: Best New Mob – Calhoun Health Care Center, Brookfield, Wis.

  Developer: Irgens When the former Venice Club was foreclosed on in May 2014, Irgens knew the highly visible retail location offered an excellent opportunity for an MOB.

Inpatient Projects: Highmark, Allegheny in Pittsburgh to invest more than $1 billion in the region

Inpatient Projects: Highmark, Allegheny in Pittsburgh to invest more than $1 billion in the region

  PITTSBURGH – As noted on the previous page, the University of Pittsburgh Medical Center (UPMC) plans to invest about $2 billion in three new specialty hospitals.

Transactions: Bamboo Micro Equity Fund I acquires 52,000 square foot MOB outside of St. Louis

Transactions: Bamboo Micro Equity Fund I acquires 52,000 square foot MOB outside of St. Louis

                SUNSET HILLS, Mo. – Chesterfield, Mo.-based Bamboo Equity Partners, which manages $450 million worth of real estate in the Midwest, recently acquired an MOB in Sunset Hills, outside of St. Louis, through its Bamboo Micro Opportunity Fund I LP.

Finalists: Best Post-Acute/Senior Living - Heartis Clear Lake, Webster, Texas

Finalists: Best Post-Acute/Senior Living – Heartis Clear Lake, Webster, Texas

Developer: Caddis Because of Caddis’ proactive actions to protect residents during Hurricane Harvey and its early design efforts to ensure the building was safe, the company has been inundated with inquiries from local residents interested in moving into Heartis Clear Lake.

December 2017

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Finalists: Best New Mob - Oakland Medical Office Building, Oakland, Calif.

Finalists: Best New Mob – Oakland Medical Office Building, Oakland, Calif.

    Developer: Meridian When asked to find a site for a dialysis clinic in a busy Oakland corridor with extremely limited development opportunities, Meridian delivered.

Finalists: Renovated/Repurposed - Drummond Physical Rehabilitation Institute, Boca Raton, Fla.

Finalists: Renovated/Repurposed – Drummond Physical Rehabilitation Institute, Boca Raton, Fla.

Developer: Boca Raton Regional Hospital This was an incredibly complex renovation and exterior addition. The developer faced multiple challenges including soil stabilization for the pool addition and structural shoring for the roofing and structural steel installation.

Post-Acute & Senior Living: Welbrook Senior Living starts its second transitional rehab facility in New Mexico

Post-Acute & Senior Living: Welbrook Senior Living starts its second transitional rehab facility in New Mexico

  FARMINGTON, N.M. – El Segundo, Calif.-based Welbrook Senior Living recently started construction on its second transitional rehabilitation facility in New Mexico.

Finalists: HRE Executive of the year

Finalists: HRE Executive of the year

Darryl Freling Founder and Managing Principal, MedProperties Holdings LLC Darryl Freling’s many years of leadership and expertise in the healthcare real estate (HRE) sector reached a new high in 2017, as he led MedProperties through the largest transaction of its 10-year history, the acquisition of the $230 million Harrison Street Portfolio with 17 properties in […]

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Transactions: Montecito acquires newly constructed, 16,500 square foot MOB near Nashville, Tenn.

                  MT. JULIET, Tenn. – In more news from Montecito Medical Real Estate, the firm announced recently that it acquired the 16,500 square foot Saint Thomas – Mt. Juliet MOB in rapidly growing Mt. Juliet, near Nashville.