News Release: Construction complete on Palomar Health project
FOR IMMEDIATE RELEASE Media Contact: Barry Weinbaum, Vice President, Business Development, 858-794-1900, bweinbaum@pmbllc.com Pacific Medical Buildings is pleased to announce the completion of the $4.5 million clinic Ramona Ambulatory Care Center in Ramona, Calif. SAN DIEGO, March 20, 2013 – Pacific Medical Buildings (PMB) is pleased to announce its continued relationship with Palomar Health with the […]
Thought Leaders: CBRE 4Q12 National Medical Office Investor Update
Despite Sequestration, More Capital Allocated to Healthcare Real Estate Despite the 2% payment reduction to Medicare providers that is scheduled to take effect April 1st as part of sequestration, more capital has been allocated to healthcare real estate than ever before. As part of the CBRE Annual Healthcare Real Estate Investor/Developer Survey, we asked 500 of […]
Cover Story: Advocate again
Seven MOBs on Chicago-area system’s campuses are back on the market By John B. Mugford When Advocate Health Care sold eight of its medical office buildings (MOBs) to Great Lakes REIT in 2002, it was a historic deal – one of the first large hospital-driven real estate monetizations. Now, 11 years later, seven of those […]
Cover Story: A concise history of the Advocate MOBs
A pioneering monetization was just the beginning of this portfolio’s storied history ■ July 11, 2002. Oak Brook, Ill.-based Great Lakes REIT confirms that it has agreed to buy a portfolio of eight medical office buildings (MOBs) from Advocate Health Care, a Chicago-based health system.
Cover Story: What’s included in the Advocate Medical Office Portfolio
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Feature Story: Independence day
Privately held Cornerstone Cos. says it is doing just fine on its own By John B. Mugford When capital-rich suitors came calling in recent years, many smaller healthcare real estate firms (HRE) succumbed to the temptation to partner or be acquired. But one regional HRE firm that has no plans to sell is Indianapolis-based Cornerstone […]
News Release: MedProperties Group announces Lakeview Medical Campus receives silver LEED certification
FOR IMMEDIATE RELEASE March 19, 2013 NORTHBROOK, IL – MedProperties Group, a leading medical office developer in the Midwest, recently opened its $21 million, three story, 75,000 square foot multi-tenant medical office building, the Lakeview Medical Campus, at 1333 West Belmont Avenue in Chicago’s Lakeview neighborhood. The project is over 70% leased by Northwestern Memorial […]
News Release: Griffin-American Healthcare REIT II Reports Fourth Quarter and Year End 2012 Results
Media Contact: Damon Elder delder@ahinvestors.com (949) 270-9207 Portfolio triples in size to $1.325 billion, based on aggregate acquisition price Company generates record net operating income and normalized modified funds from operations Annualized investor distribution rate increased twice NEWPORT BEACH, Calif. (March 19, 2013) – Griffin-American Healthcare REIT II, Inc. today announced operating results for the […]
News Release: ERDMAN Welcomes New Executive Vice President
Jim Berarducci brings 25 years of strategic and facility planning to ERDMAN MADISON, WI (Mar. 19, 2012) —ERDMAN Company, a national leader in healthcare consulting, planning, development and design-build, has hired Jim Berarducci as executive vice president. A senior-level healthcare professional, Berarducci brings more than 25 years of experience and extensive knowledge of healthcare strategy […]
For Lease: Transwestern awarded 150,000-square-foot leasing assignment for medical office complex in Katy, Texas
(MARCH 18, 2013 – HOUSTON) – Transwestern’s Houston headquarters today announced that it has been awarded the leasing assignment for Katy Medical Plaza, a 150,000-square-foot, three-building medical office campus under construction in Katy, Texas. Construction on the first building is under way and is on schedule for a July 2013 delivery. The property has been […]
News Release: Avison Young opens new office in San Diego, California
Leading Canadian commercial real estate firm opens its 22nd location outside Canada and sixth office in Southern California; Jerry Keeney becomes a Principal Toronto, ON – Mark E. Rose, Chair and CEO of Avison Young, Canada’s largest independently-owned commercial real estate services company, announced today the opening of a newly-formed office in San Diego, California. […]
News Release: McCarthy Building Companies Completes Construction of CHOC Children’s Hospital’s New Bill Holmes Tower Two Months Early
Media Contacts: Laura Mickelson (LM Communications) Lauramickelson@cox.net; (949) 453-0851 Susan Garritano (McCarthy Building Companies, Inc.) Sgarritano@mccarthy.com; (314) 968-3300 FOR IMMEDIATE RELEASE Design-assist delivery, Building Information Modeling technology and strategic phasing has allowed CHOC to serve patients sooner than anticipated in its new leading-edge children’s hospital Orange, Calif., (March 18, 2013) – Now that construction […]
REIT Report: Third time’s a charm for new Aviv REIT
After two failed IPOs, post-acute and long-term care investment firm goes public By Murray W. Wolf When Aviv REIT Inc. (NYSE: AVIV) previously attempted an initial public offering (IPO), things didn’t turn out too well. The first attempt in 2008 by the Chicago-based healthcare real estate investment firm was torpedoed by the economic downturn, and […]
Companies & People: Transwestern lands leasing assignment for 150,000 s.f. MOB under way in Katy, Texas
KATY, Texas – Transwestern has landed the leasing assignment for a 150,000 square foot, three-building medical office complex under construction in the Houston suburb of Katy.
Companies & People: PMB completes work on ambulatory care center for Palomar Health in San Diego
SAN DIEGO – Pacific Medical Buildings (PMB) recently opened a standalone outpatient clinic in Ramona, Calif., for Palomar Health, the public healthcare district serving northern San Diego County. The Ramona Ambulatory Care Center is a 7,600 square foot, $4.5 million facility at the corner of Main and 13th streets in a high-traffic area of Ramona.