Inpatient Projects (April 2008)
St. Louis Shriners OK’D for new hospital REPLACEMENT FACILITY SLATED FOR WASHINGTON UNIVERSITY MED CENTER CAMPUS By John Mugford Shriners Hospitals for Children, based in Tampa, Fla., recently approved funding to move forward on a $170 million, 247,000 square foot replacement hospital in St. Louis. The new hospital would be built on the campus of […]
Editor’s Letter (April 2008)
Dear Reader: I think I can speak for everyone here at Healthcare Real Estate Insights™ in saying that we’re proud of the work we do. And while many or you, our readers, certainly offer us ideas and suggestions for making the newsletter even better – this is certainly advice that we’re open to at any […]
Transactions (April 2008)
Grubb & Ellis makes more MOB buys HEALTHCARE REIT BUYS THREE MORE MOBs, PORTFOLIO OF SENIOR FACILITIES By John Mugford We’ve written this quite a few times in recent months, but Grubb & Ellis Healthcare REIT is continuing with its prolific pace of buying medical office buildings (MOBs) and other healthcare properties. In the past […]
Project Case Study: Senior Focus (April 2008)
ASL makes entry to independent living DEVELOPER, OWNER HAS THREE PROJECTS WITH 521 UNITS UNDER WAY IN CALIFORNIA By Dan Emerson Santa Ana, Calif.-based American Senior Living (ASL) has targeted three California cities whose age and income demographics make them fertile ground for independent living communities: Tarzana and Tustin, near Los Angeles, and Daly City, […]
Product Focus: Senior Living (April 2008)
Senior sector weathers housing turmoil A LOOK AT NEW DEVELOPMENT, DIVERSIFICATION STRATEGIES, AND CAPITAL MARKETS Editor’s note: This is the second story in our two-part series examining the senior living sector, which was one of the bright spots of the commercial real estate industry in 2007. The coverage provides a look at the issues discussed […]
Outpatient Projects (April 2008)
PMB tees up large MOB in Pasadena PASADENA, Calif. – San Diego-based Pacific Medical Buildings (PMB) recently started construction on its largest-ever medical office building (MOB), the 190,000 square foot Huntington Pavilion in Pasadena. The facility, which is slated for completion in early 2009, will include outpatient surgery, imaging, and a variety of cancer services […]
Inpatient Projects (April 2008)
Alabama hospital eyes $316M project TRINITY MEDICAL CENTER AWAITS STATE APPROVAL FOR REPLACEMENT HOSPITAL By Dan Emerson Trinity Medical Center of Birmingham is seeking state approval to build a 454-bed, $316 million replacement hospital in the nearby suburb of Irondale, Ala., near U.S. Interstate 459. In recent weeks, an administrative law judge recommended that the […]
Industry Pulse (April 2008)
HOUSTON – Construction is set to begin this month on the $300 million Methodist West Houston Hospital. The future hospital, which is part of Houston-based Methodist Hospital System, is being built in the growing suburb of Katy, Texas, in the far western part of the metropolitan area. Plans call for a 500,000 square foot, six-story […]
Companies (April 2008)
Illinois system offering 10 buildings LAKE FOREST HOSPITAL SELLING PORTFOLIO WITH 417,723 SQUARE FEET By John Mugford During a time of tight credit and somewhat bleak economic news, potential buyers are showing plenty of interest in a portfolio of 10 medical buildings being offered by Lake Forest Hospital in the northern suburbs of Chicago. The […]