Outpatient Projects: Landmark starts new 100,000 s.f. MOB on hospital campus in New Jersey
OLD BRIDGE, N.J. – Construction started recently on a 100,000 square foot MOB in Old Bridge that is being developed by Milwaukee-based Landmark Healthcare Facilities. The future facility is under construction on
Transactions: CNL Healthcare Properties adds to portfolio with $13.1M cancer center acquisition
WESTVILLE, Ind. – Orlando, Fla.-based CNL Healthcare Properties, an unlisted REIT focused on seniors housing and healthcare real estate (HRE), recently acquired a freestanding comprehensive cancer care center in Westville, Ind. The REIT, which is sponsored by CNL Financial Group LLC, paid
Outpatient Projects: Court ruling clears path for new MOB
Resolution of Birmingham, Ala., hospital’s fate opens way for Daniel Corp. plan By John B. Mugford The recent news that Trinity Medical Center can finally proceed with its plans to relocate to partially completed HealthSouth Corp.’s Digital Hospital in Birmingham, Ala., was undoubtedly greeted with cheers by hospital officials. But Trinity officials probably weren’t the […]
Transactions: Virtus, Flagship team up on $12.47 million MOB purchase in Greensboro, N.C.
GREENSBORO, N.C. – While it has flown under the radar a bit in the HRE sector, 10-year-old Austin, Texas-based Virtus Real Estate Capital has now acquired 47 medical office properties with affiliates and joint venture partners. In recent weeks, the private equity real estate investor partnered with Charlotte, N.C.-based Flagship Healthcare Real Estate Fund in […]
Outpatient Projects: More Outpatient Project News
■ Children’s South, a clinic operated by Children’s Hospital of Pittsburgh, part of the University of Pittsburgh Medical Center (UPMC), plans to
Inpatient Projects: Virginia Commonwealth University proposes a new children’s hospital in Norfolk
RICHMOND, Va. – Even though major details have yet to be worked out, Virginia Commonwealth University (VCU) Health System recently announced that it has proposed a new freestanding children’s hospital for the Richmond area. The proposal comes on the heels of a request by the university’s authority board to look into the building of a […]
Inpatient Projects: Arizona hospital joins RegionalCare; plans underway for replacement
SIERRA VISTA, Ariz. – Now that Sierra Vista Regional Health Center has joined Nashville, Tenn.-based RegionalCare Hospital Partners Inc., officials say planning has begun in earnest for a new 100-bed replacement hospital in this city of about 50,000 people in the far southeast corner of Arizona. The Sierra Vista-based health center recently signed on to […]
Companies & People: Brasfield & Gorrie wins contract for large project at Medical City in Dallas
DALLAS – Birmingham, Ala.-based construction firm Brasfield & Gorrie was recently awarded the contract for a vertical expansion and renovation project at the 530-bed Medical City Hospital in Dallas. The project would consist of building
Post-Acute & Senior Living: CNL Healthcare Properties buys first skilled nursing portfolio for $56.4 million
ORLANDO, Fla. – CNL Healthcare Properties announced June 6 that has acquired six skilled nursing facilities in Arkansas for $56.4 million.
Companies & People: Transwestern to lease future medical campus outside of Houston
FORT BEND COUNTY, Texas – Houston-based Transwestern was recently awarded the leasing assignment for a future $50 million, 125,000 square foot mixed-use project in Fort Bend County, just outside of Houston.
Inpatient Projects: Sharp Hospital near San Diego to undergo upgrades over 20 years
CHULA VISTA, Calif. – A new master plan is in place for a multi-phase expansion and upgrading of facilities at San Diego-based Sharp HealthCare’s hospital campus in Chula Vista. Plans call for projects to take place in five phases at the Sharp Chula Vista Medical Center campus during the next 20 years.
Post-Acute & Senior Living: Emeritus Corp. signs leases with Health Care REIT Inc. and Merrill Gardens
SEATTLE – Emeritus Corp. (NYSE: ESC) announced June 27 that it has agreed to lease a total of 38 senior housing communities in eight states totaling about 4,400 units. The facilities are owned by a joint venture composed of
Companies & People: OGA has recently started work on seven outpatient clinics in five states
NASHVILLE, Tenn. – Nashville-based OGA, also known as Oman-Gibson Associates, is not seeing any slowdown in the need for new medical facilities. In fact, the a real estate services and development firm reports that in recent months it has broken ground on
Companies & People: NexCore Group lands new tenants, expands others at MOB in New Lenox, Ill.
NEW LENOX, Ill. – Denver-based NexCore Group has made plenty of progress on filling up the MOB that it developed and owns on the campus of the new Silver Cross Hospital in New Lenox, a southwest suburb of Chicago. NexCore reports that since the beginning of 2013 it has finalized leases for more than 22,000 […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Cambridge Realty Capital Cos. says it has arranged $10.2 million in U.S. Department of Housing and Urban Development (HUD) LEAN loans to refinance four skilled nursing home properties owned by North American Health Care Inc. in California and Utah. Cambridge Chairman Jeffrey A. Davis said the fully-amortized loans were arranged for