Honolulu to get two new, tall MOBs
MONTECITO MEDICAL, HEALTHCARE REALTY TRUST HAVE SEPARATE PLANS
By John Mugford
Two of the Big Kahunas in healthcare real estate are in the process of developing medical office buildings in the Pacific Ocean paradise of Hawaii.
One of the firms is fast-growing Santa Barbara, Calif.-based Montecito Medical Investment Co., which is reportedly in the process of acquiring a site near Chinatown in downtown Honolulu. In a partnership with Houston-based PM Realty Group, Montecito has plans for a 200,000 square foot, seven-story medical office building (MOB) with retail on the street level.
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