Outpatient Projects: $109 million MOB started in Chicago for Advocate system
CHICAGO — As noted in the previous article, it looks as if the competition among healthcare providers is heating up in neighborhoods just north of the Chicago Loop. In February, Turner Construction started working on a $109 million outpatient facility for Advocate Illinois Masonic Medical Center, located less than a mile from Presence Health’s St. […]
Outpatient Projects: Commanding Presence
Merged Illinois health systems seek to make a statement with an ambitious plan for a new ambulatory care center fronting Chicago’s North Lake Shore Drive By John B. Mugford Mergers of big health systems, the hypothesis goes, ought to lead to the development of big new healthcare facilities. It looks like the hypothesis is coming […]
Transactions: Broadstone Real Estate buys three MOBs on Florida’s Gulf Coast for $16 million
SARASOTA, Fla. – Rochester, N.Y.-based Broadstone Real Estate LLC recently paid $16 million for three MOBs on the Gulf Coast of Florida; two in Sarasota and one in nearby Englewood. The investor acquired the properties through a subsidiary, Broadstone GCSC Florida LLC. With a total of 46,854 square feet, the three properties commanded a PSF […]
Transactions: The Sanders Trust pays $13M for recently completed MOB near Austin, Texas
KYLE, Texas – Birmingham, Ala.-based The Sanders Trust (TST) has purchased the recently completed Kyle Medical Plaza in Kyle, about 15 miles south of Austin, Texas. TST paid $13 million for the 42,000 square foot standalone facility, which includes among its tenants the five-operating room Hays Surgery Center. The facility also is home to MRI […]
Transactions: Buyer pays $10.4 for on-campus MOB in Tacoma, Wash.
TACOMA, Wash. – Citing optimism about the healthcare market in the South Puget Sound area, Olympia, Wash.-based Berschauer Group, a commercial real estate construction and development firm, recently acquired a local on-campus MOB. The company paid $10.4 million for the 97,590 square foot Allenmore B building on the campus of Multicare Health System’s Tacoma Hospital, […]
Transactions: Griffin-American Healthcare REIT invests a total of $47M in five MOB acquisitions
NEWPORT BEACH, Calif. – American Healthcare Investors and Griffin Capital Corp., Southern California-based companies, have been quite busy in recent weeks making acquisitions for Griffin-American Healthcare REIT II Inc., of which they are co-sponsors. The companies recently made three acquisitions with five MOBs for the Newport Beach, Calif.-based unlisted healthcare real estate investment trust (REIT). […]
Industry Pulse: On the Record
What is driving the uptick in development? “Health systems (are) thinking more strategically on how to … get the right facilities in the right locations at the lowest costs and with the right outcome.” Mike Lincoln, Executive VP, Lillibridge What is going to happen to older, obsolete MOBs? “Many of those are […]
March 2013 PDF
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For Sale: 555 Bridgeport Ave., Shelton, Conn.
CBRE, Inc. has been retained as exclusive advisor in the fee simple sale of 555 Bridgeport Avenue, a 100% leased, two-tenant medical office building located in Shelton, CT approximately 65 miles from midtown Manhattan. The property offers stable cash flow and ease of management with the potential for significant upside as the current in […]
News Release: CO Architects Wins Best Health Care Project for ‘Hospital of the Future’
Palomar Medical Center Honored Nationally and Regionally for Innovation LOS ANGELES, March 13, 2013 — The CO Architects designed Palomar Medical Center (PMC) in Escondido, CA, has been awarded national and regional honors for cutting-edge design and project delivery. The recently opened hospital has been named “Best of the Best Health Care Project” nationally and […]
News Release: Investors Real Estate Trust Reports Third Quarter 2013 Financial and Operating Results
Investors Real Estate Trust Investors Real Estate Trust Reports Third Quarter 2013 Financial and Operating Results Date: 03-12-2013 For a complete listing of our press releases, please visit the following URL: http://www.snl.com/irweblinkx/news.aspx?iid=107231
News Release: HTA Letter to Stockholders
Dear Stockholder: In 2006, Healthcare Trust of America (“HTA”) was founded with the fundamental idea that medical office building real estate was positioned to provide investors with stable and growing returns in any economy. Since then, we have experienced an economic depression and seen our healthcare sector transformed with the passage of the Affordable Care […]
News Release: JOHNSON DEVELOPMENT SET TO BUILD VA OUTPATIENT CLINIC AT PARKVIEW HOSPITAL’S RANDALLIA CAMPUS IN FORT WAYNE, IND.
FOR IMMEDIATE RELEASE Contact: Derek Weaver Tel: (205) 802-2316 Email: dweaver@johnsondevelop.com FORT WAYNE, Ind. (March 11, 2013) – Redeveloping a 34,000-square-foot building into a new use, Johnson Development will begin construction in April on a U.S. Department of Veterans Affairs (VA) outpatient facility at Parkview Hospital’s Randallia campus. Completion of the clinic, which will provide […]
News Release: KeyBank Real Estate Capital arranged and closed over $1.4 billion in senior housing finance in 2012
We are proud to announce KeyBank Real Estate Capital® arranged and closed over $1.4 billion in senior housing finance in 2012. The long-term relationships we enjoy with our clients contributed to a successful year. We provide comprehensive solutions for the property finance needs of REITs, hospitals, and seniors housing. Let us put similar industry experience […]
News Release: American Healthcare Investors Facilitates Acquisitions in Colorado, Louisiana and Texas on Behalf of Griffin-American Healthcare REIT II
FOR IMMEDIATE RELEASE Contact: Damon Elder (949) 270-9207 delder@ahinvestors.com REIT portfolio grows to nearly $1.4 billion in assets NEWPORT BEACH, Calif. (March 6, 2013) – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the acquisition of five medical office buildings by the REIT for an aggregate […]
