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OUTPATIENT PROJECTS: Mercy Health-Toledo begins developing $56.3 million hospital, surgical center and MOB

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

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

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

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.

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

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.

INDUSTRY PULSE: HRE PROPERTIES ESCAPED MUCH HURRICANE DAMAGE

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

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 […]

OUTPATIENT PROJECTS: The Villages to get large MOB

OUTPATIENT PROJECTS: The Villages to get large MOB

Anchor Health Properties to develop, co-own 285,000 square foot facility in Central Florida John B. Mugford The Villages, the massive 55-plus community that spans three counties in Central Florida, is home to three town squares, a multitude of restaurants and entertainment options, numerous neighborhoods and a population topping 120,000 residents.

HOT PROPERTY: Seven-asset MOB portfolio offered

HOT PROPERTY: Seven-asset MOB portfolio offered

CBRE is marketing assets totaling nearly 400,000 square feet across three states Murray W. Wolf Name: Tri-State MOB Portfolio No. of buildings: 7 States: Texas, Florida and Colorado Total Size: 395,115 square feet Percent leased: 71.7 Pro forma NOI: about $5.49 million In place NOI: about $5.26 million Brokerage: CBRE

TRANSACTIONS: Capital One provides $68M loan for previously announced Anchor Health acquisition

TRANSACTIONS: Capital One provides $68M loan for previously announced Anchor Health acquisition

BETHESDA, Md. – In more news from Capital One, HREI™ has learned that Wilmington, Del. based Anchor Health Properties had acquired the two-building, 206,000 square foot Chancellor Park Medical Campus in La Jolla, Calif.

TRANSACTIONS: Capital One provides financing for West Coast senior housing owner to acquire four facilities

TRANSACTIONS: Capital One provides financing for West Coast senior housing owner to acquire four facilities

BETHESDA, Md. – Vancouver, Wash.-based Prestige Care Inc. recently acquired four senior housing and skilled nursing facilities (SNFs) in Washington and Idaho, financing the purchases by refinancing three facilities it owns in Oregon and Washington. Bethesda, Md.-based Capital One Healthcare provided a $41.1 million first mortgage and a $5 million senior credit facility for Prestige Care.

TRANSACTIONS: Capital One provides $28.4 million refinancing for Landmark’s 122,000 s.f. MOB near Tampa, Fla.

TRANSACTIONS: Capital One provides $28.4 million refinancing for Landmark’s 122,000 s.f. MOB near Tampa, Fla.

BRANDON, Fla. – Bethesda, Md.-based Capital One Healthcare recently provided a $28.4 million loan to refinance construction debt on a 122,000 square foot, off-campus MOB in Brandon that was purpose-built for Tampa (Fla.) General Hospital.

TRANSACTIONS: Meridian acquires value-add MOB in Phoenix, paying nearly $5 million for ‘landmark’ facility

TRANSACTIONS: Meridian acquires value-add MOB in Phoenix, paying nearly $5 million for ‘landmark’ facility

PHOENIX – Santa Rosa Calif.-based Meridian, which often acquires and upgrades medical facilities, has purchased Grunow Memorial Medical Center, a “landmark” 51,150 square foot MOB at 926 East McDowell Road in Phoenix.

TRANSACTIONS: Pisula Development Company, Harrison Street JV acquires Texas, transitional care facility

TRANSACTIONS: Pisula Development Company, Harrison Street JV acquires Texas, transitional care facility

THE WOODLANDS, Texas – The Woodlands-based Pisula Development Company announced Aug. 23 the acquisition of Brightpointe at Rivershire, a 62,000 square foot, 150-bed transitional care facility in the Houston suburb of Conroe, Texas.