Archives by date

You are browsing the site archives by date.

Archives: March 2013

Archives: March 2013

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) Digital flipbook (COMING SOON!)

Sanford Aberdeen (S.D.) Medical Center is a 48-bed facility recently opened by fast-growing Sanford Health. (Photo courtesy of Sanford Health)

Industry Pulse: SANFORD HEALTH: COMING TO A MARKET NEAR YOU?

Haven’t heard of Sanford Health? You will. The fast-growing healthcare system wants  to expand beyond its rural roots to urban areas. From one hospital in Sioux Falls, S.D., in 2004, Sanford has grown to become the nation’s largest rural, not-for-profit provider, with locations in 126 communities in eight states. Fueled by credit card mogul T. […]

Outpatient space will be prominently placed right off the main entrance at the new St. Vincent’s Medical Center in Clay County, Fla. (Rendering courtesy of St. Vincent’s)

Industry Pulse: Lines blur between inpatient, outpatient

As outpatient facilities become such a major focus of the country’s healthcare delivery model, perhaps it will become more and more difficult to distinguish between inpatient hospitals and certain outpatient facilities, such as surgery centers. In a growing area southeast of Jacksonville, Fla., St. Vincent’s HealthCare is planning to open a new hospital in October […]

Communities like this facility in Hanford, Calif., help to make Holiday Retirement Corp. the nation’s largest independent living operator. (Photo courtesy of Holiday Retirement Corp.)

Industry Pulse: Survey details largest senior living operators

Holiday Retirement Corp., Emeritus Corp. (NYSE: ESC) and Merrill Gardens LLC top a new survey of the nation’s largest senior living providers. Many of the healthcare real estate investment trusts (REITs)  and other investors that own medical office buildings (MOBs) also own senior living facilities. That means many senior living firms are tenants or prospective […]

Publisher’s Letter: Visit HREInsights.com

HREI™ unveils redesigned, vastly expanded website Dear Reader: It’s been an extremely busy several months here at Healthcare Real Estate Insights™. In January, we celebrated 10 years of publishing with the unveiling of the “new and improved” HREI™ monthly magazine. Next, we wrapped up several months of work with the publication of our sixth annual […]

Industry Pulse: $2 billion project being reviewed in San Francisco

California Pacific Medical Center’s titanic building program looks to be back on course after the health system and its parent company, Sacramento, Calif.-based Sutter Health, reached a compromise with the San Francisco Board of Supervisors. After months of contentious negotiations, the compromise calls for CPMC to move forward with a scaled-down version – at 274 […]

Donna Jarmusz

Thoughts Leaders: Healthcare still a real estate star

By Donna Jarmusz, Senior Vice President, Alter+Care No question – 2012 was the year of healthcare. In one of the most significant rulings in recent memory (perhaps since the awarding of the Presidency to George W. Bush in 2000), the Supreme Court upheld President Obama’s health care law in a nuanced interpretation of Federal versus […]

News Release: ERDMAN Expands Firm to Newport Beach, California

Company aims to extend strategic partnerships to organizations throughout the state  MADISON, Wis. (Mar. 27, 2013) – ERDMAN, a national leader in healthcare consulting, facility planning, development and design-build, today announced the opening of a new office in Newport Beach, California. Located at 5000 Birch Street, West Tower Suite 3000, the office is the company’s […]

Capital Markets: Are we at an inflection point?

A big increase in deals isn’t expected, but volumes tend to spike at such times A shift in the focus of the capital markets is beginning to occur, with an increasing level of discussion about the risks of rising interest rates. While most people do not expect a sharp increase in rates, two key drivers […]

Hot Property: An opportunity grows in Brooklyn

Hot Property: An opportunity grows in Brooklyn

Name: One Hanson Place Number of Medical Suites: 9 Location: 1 Hanson Place, Brooklyn, N.Y. Size: 12,396 square feet (nine suites) Asking Price: $7.975 million Price Per Square Foot: $643.35 Cap Rate: 8.01% Occupancy: 100% Avg. remaining lease term: 5 years Building Completed: 1927 Seller: Noyack Medical Partners LLC Tenants: Dentists, oral surgeons, urologist, pediatrics […]

News Release: ERDMAN Announces New Partnership with Riverside HealthCare

Firm to begin planning and construction on new assisted living facility MADISON, Wis. (Mar. 25, 2013) – ERDMAN, a national leader in healthcare consulting, facility planning, development and design-build, today announced a new engagement with Riverside HealthCare, headquartered in Kankakee, Ill. Riverside Healthcare has partnered with ERDMAN to plan, develop and build a new $15 […]

Healthcare Trust of America recently acquired its second building on the campus of Forest Park Medical Center in Dallas, this one being the Forest Park Tower. (Photo courtesy of HTA)

Transactions: HTA acquires another MOB in Dallas

This time, REIT pays $48.7M for facility on campus of physician-owned hospital By John B. Mugford In recent months, officials with Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) expressed how pleased they were to acquire a medical office building (MOB) on the campus of the physician-owned Forest Park Medical Center in Dallas. The […]

Editor’s Letter: Watch out for Chicago

Windy City’s healthcare scene is about to take off Dear Reader: Without a doubt, the best known concentration of medical facilities in the country is in Houston: The Texas Medical Center. The granddaddy of all medical districts, the area not far from downtown has a total of 37 million square feet of space inside hospitals, […]

The renovated space in Kirkwood Professional Plaza, 5500 Auto Club Dr., Dearborn, Mich., now is about 93 percent leased by Henry Ford Health System and other physician practices.

News Release: Seavest medical office repurposing a success in thriving Dearborn, Mich.

Firm teamed with KIRCO for the adaptive reuse of a former auto company facility for Henry Ford Health System, resulting in lower costs, faster speed to market and improved patient convenience                                                                                                  WHITE PLAINS, N.Y., and DEARBORN, Mich., March 21, 2013 – Two words can be used to describe the totally renovated home of Henry Ford […]

News Release: New Cancer Center to Open April 1 at Swedish/Edmonds

News Release: New Cancer Center to Open April 1 at Swedish/Edmonds

  FOR IMMEDIATE RELEASE:March 21, 2013 Contacts: Ed Boyle, Swedish, 206-386-2748, ed.boyle@swedish.org Steve Kaiser, Swedish/Edmonds, 425-640-4035, steve.kaiser@swedish.org 17,102-square-foot outpatient facility to provide medical oncology, infusion services close to home EDMONDS, WASH., March 21, 2013 – Swedish Health Services will open a new outpatient cancer center at the Edmonds campus on Monday, April 1, 2013 in […]