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Construction is slated to start this summer on the future 126-bed, 362,000 square foot Regional Medical Center replacement hospital in Easton, Md. (Rendering courtesy of Shore Health System)

Inpatient Projects: Shore Health plans 126-bed replacement

S ystems hopes to break ground this summer for hospital costing at least $242M By John B. Mugford The city of Easton, Md., is home to a 100-year-old hospital, the venerable Shore Health System’s Memorial Hospital. Needless to say, healthcare has changed plenty during the last century, prompting the health system, which became part of […]

Manhattan’s skyline is slated to gain a nice addition: a 21-story outpatient facility (center) for Memorial Sloan-Kettering Cancer Center. Connected to it would be the 16-story Hunter College Science and Health Professions Center. (Rendering courtesy of Memorial Sloan-Kettering)

Outpatient Projects: Huge cancer center planned for NYC

Former city-owned site will be home to 21-story, 750,000 square foot facility By John B. Mugford In the heart of perhaps the world’s most costly real estate market – Manhattan – building a new outpatient healthcare facility can be quite an undertaking, and an expensive one at that. If you’re going to build something, you […]

Physicians Medical Center is for sale. (Photo courtesy of CBRE)

Hot Property: MOB touted as value-add opportunity

Medical property in Daly City, Calif, is available for less than replacement cost Property: Physicians Medical Center Address: 901 Campus Dr. City, State: Daly City, Calif. Size: Three stories, 75,559 square feet Asking price: Not disclosed Year completed: 1989 Seller: Serramonte Ridge Medical Center Enterprises Tenants: Campus Surgery Center, others Broker: CBRE Group Inc. DALY […]

The two-story, 50,000 square foot Michiana Hematology Oncology MOB in Mishawaka, Ind., was one of six acquisitions that ARC Healthcare Trust Inc. closed on during December. The purchase price was $21.7 million, or $434 per square foot. (Photo courtesy of ARC Healthcare Trust Inc.)

Transactions: ARC Healthcare closes strong in 2012

Unlisted REIT makes six buys in December, wrapping up a busy fourth quarter By John B. Mugford As 2012 came to a close, all indications – as well as the words of medical office buildings (MOB) sales brokers and investors – were pointing to a strong fourth quarter (Q4) for the nationwide sales volume of […]

HOK HAS A NEW ANGLE ON HOSPITAL ROOM DESIGN

HOK HAS A NEW ANGLE ON HOSPITAL ROOM DESIGN

The parallelogram might be the hot new shape in the design of safe, efficient hospital rooms. When designing patient rooms, architects know that putting washrooms close to beds is a must. That shortens the distance patients must walk to use the facilities, reducing the risk of falls. The trouble is, that also tends to at […]

Health City Cayman Islands is scheduled to open a 140-bed hospital tertiary care hospital by the end of this year. (Rendering and photo (courtesy of Health City Cayman Islands)

THE ISLANDS ARE CALLING

We don’t normally report on healthcare real estate developments taking place in foreign countries. However, a partnership of a hospital company from India and St. Louis-based Ascension Health Alliance, the for-profit venture of not-for-profit St. Louis-based Ascension Health, continues to make progress on the construction of its interesting and eventually massive “health city” in the […]

Industry Pulse: 40%

Industry Pulse: 40%

That’s the percentage of medical office buildings (MOBs) acquired by publicly listed REITs in 2012, based on total sales volume and preliminary data from Real Capital Analytics (RCA) Inc.

Jim Cramer (Photo courtesy of TheStreet.com)

‘THE STREET’ SAYS HEALTHCARE REITS ARE THE REAL DEAL

Most people involved in healthcare real estate believe the sector will be strong in 2013, both in terms of sales, development, net operating income (NOI) and returns. A well-known investment website, The Street, which includes among its contributors Jim Cramer of Mad Money, agrees. For its readers to profit from the predicted strong year ahead […]

Capital Markets: Uncertainty ebbs with Obama’s reelection

Activity likely to increase now that fate of healthcare reform is largely resolved The capital markets continue to reflect the combined efforts of most major central banks to depress interest rates to promote more rapid economic growth and (hopefully) higher employment. The U.S. Federal Reserve’s efforts are meant to seek price stability and full employment, […]

HEALTHCARE’S OTHER ‘RETAIL STRATEGY’

HEALTHCARE’S OTHER ‘RETAIL STRATEGY’

Much has been said recently about creating a “retail strategy.” But most of those discussions have been focused on the idea of putting healthcare services in retail locations. What about the much older strategy of putting retail services in healthcare facilities? That idea is still alive and well – and is perhaps more important than […]

Inova Health System plans to break ground in 2014 for the $252 million, seven-story, 300,000 square foot Inova Comprehensive Cancer and Research Institute in Falls Church, Va. (Rendering courtesy of Inova Health System)

$252M cancer center set for Virginia

INOVA PLANS 300,000 S.F. COMPREHENSIVE RESEARCH AND CARE FACILITY   By John Mugford With health systems facing an acute need to generate more revenues in the age of healthcare reform,

The $32.6 million, 124,000 square foot Facey Medical Group Clinic in Mission Hills, Calif., was recently completed by Pacific Medical Buildings and design/build contractor Erdman. The building is 100 percent leased to the clinic. Photo courtesy of Pacific Medical Buildings

Companies: PMB, Erdman finish California clinic

124,000 S.F. MOB CONSOLIDATES PROVIDERS FOR FACEY MEDICAL IN MISSION HILLS By John Mugford As the 90-year-old, Mission Hills, Calif.-based Facey Medical Group continued to grow in recent years,

Hammes Co., served as program manager for the newly opened $78 million, 40-bed St. Bernard Parish Hospital near New Orleans. It is the first new hospital to open in the area since Hurricane Katrina struck in 2005. Photo courtesy of Hammes Co.

Inpatient Projects: New Orleans healthcare in recovery

NEW $78 MILLION HOSPITAL IN CHALMETTE IS FIRST SINCE HURRICANE KATRINA By Dan Emerson Seven years after Hurricane Katrina and the subsequent flooding crippled the New Orleans area’s healthcare infrastructure,

Rendina Cos. recently started construction of the two-story, 32,500 square foot, Southside Regional Medical Arts Pavilion on the campus of Southside Regional Medical Center in Petersburg, Va., about 20 miles south of Richmond. Rendering courtesy of Rendina Cos.

Outpatient Projects: Rendina starts cancer center in Va.

FIRM’S EXECUTIVES SAY PERSONAL EXPERIENCES MAKE THIS PROJECT SPECIAL By John Mugford A $10 million cancer center being developed by Jupiter, Fla.-based Rendina Cos. is under way on the campus of Southside Regional

Duke Realty recently started construction of the four-story, 100,817 square foot, multi-specialty Northside Cherokee Towne Lake Medical Office Building in the fast-growing Atlanta suburb of Woodstock, Ga. Rendering courtesy of Duke Realty

Outpatient Projects: Duke Realty starts MOB near Atlanta

WORK BEGINS ON 100,817 S.F. NORTHSIDE CHEROKEE TOWNE LAKE FACILITY By John Mugford Indianapolis-based Duke Realty Corp. recently started the development of a facility that is considered to be a classic example of the type of facility that health systems need to deliver medical care in the new era of healthcare reform. Duke Realty’s future […]