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The newly opened Scott & White Rock Prairie Clinic in College Station, Texas is connected to a new 143-bed hospital, which is expected to open in mid-August.

News Release: Scott & White Rock Prairie Clinic Opens

  The Duke Realty-developed facility houses the health system’s employed physicians and offers a range of services, including surgery, obstetrics/gynecology and a sleep center  COLLEGE STATION, Texas, July 25, 2013 – Scott & White Healthcare recently held a grand opening celebration for the Rock Prairie Clinic in College Station, located 90 miles northwest of Houston. […]

News Release: Construction Reaches 70 Percent Completion on $284 Million

News Release: Construction Reaches 70 Percent Completion on $284 Million

Integrated Project Delivery methods allow building team to collaborate and meet benchmarks SANTA ROSA, Calif.  – July 25, 2013 – Construction on the state-of-the-art, $284 million Sutter Medical Center of Santa Rosa (SMCSR) replacement hospital recently reached 70 percent completion, indicating that it is on schedule to meet its targeted opening date of October 2014.  […]

Archives: July 2013

Archives: July 2013

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Lillibridge has acquired a major medical office portfolio in its own backyard: the seven-MOB Advocate Portfolio in the Chicago area.
Photo courtesy of CBRE

Industry Pulse: Lillibridge/Ventas nabs Advocate MOB Portfolio

Lillibridge didn’t need to travel far to find its newest medical office portfolio acquisition. Lillibridge, and its parent company, publicly traded Ventas (NYSE: VTR), are both based in Chicago, whose metropolitan area is home to the seven buildings offered in the in the Advocate Medical Office Portfolio. Lillibridge/Ventas closed on the 408,734 square foot portfolio […]

CNL Healthcare Properties has acquired or agreed to acquire more than $209 million worth of assets this summer, including the Tennova portfolio in Knoxville, Tenn.
Photo courtesy of Newmark Grubb Knight Frank

Transactions: CNL is on the move in the MOB space

Non-traded REIT acquires Knoxville portfolio for $57.3M; enters two other markets By John B. Mugford For much of the early 2000s, CNL Retirement Properties Inc. was one of the kings of the medical office building (MOB) sector, amassing a portfolio of more than 70 facilities nationwide.

MB Real Estate of Chicago recently acquired the eight-story, 264,000 square foot Piedmont West MOB in Atlanta for $84 million, or about $318 per square foot.
Photo courtesy of CBRE

Transactions: MB takes a prize-winner in Atlanta

Chicago-based firm acquires Piedmont West MOB and land for $84 million By John B. Mugford A year after winning BOMA International’s 2012 TOBY award as the medical office building (MOB) of the year, the Piedmont West building in Atlanta has landed a new owner.

The five-story, 98,534 square foot Marietta Medical Center in suburban Atlanta is part of three-building “value-add” portfolio now being marketed by Avison Young.
Photo courtesy of Avison Young

Hot Property: Atlanta-area MOBs hit the market

Three-building, 184,705 square foot portfolio is seen as a ‘value-add’ opportunity Name: Atlanta Medical Office Portfolio Number of MOBs: 3 Locations: Marietta and Stockbridge, Ga. Size: 184,705 square feet (total) Occupancy: 75% (average) Seller: Affiliates of Marcus Partners Major tenants: Great Expressions Dental Centers, Northside Hospital, Piedmont Medical Care, Emory Healthcare Brokerage firm: Avison Young

William Transou (left) and Benjamin Bivens recently started a new HRE investment firm, MedSouth Healthcare Properties.
Photo courtesy of MedSouth Healthcare Properties

Company Profile: New HRE investment firm starts up

  Former Flagship execs form joint venture called MedSouth Healthcare Properties By John B. Mugford Two real estate executives based in Charlotte, N.C., are teaming up to form what they hope to grow into the “premiere investment firm for healthcare real estate in the Southeast.” The executives, who previously worked together at Flagship Capital Partners […]

The 11-story, 620,000 square foot Brigham Building for the Future, underway next to Brigham and Women’s Hospital in Boston, will house labs plus outpatient clinical and imaging facilities space, as well as conference and educational spaces. 
Rendering courtesy of NBBJ

Outpatient Projects: $450M facility underway in Boston

Construction has started on Brigham and Women’s project in Longwood area By John B. Mugford The goal for a massive future research and outpatient facility under construction in Boston is quite ambitious, to say the least. According to officials with Brigham and Women’s Hospital (BHW), the work that will take place inside the 11-story, 620,000 […]

Inpatient Projects: $2B hospital plans gain OK in S.F.

Scaled-down, 274-bed Cathedral Hill facility planned; St. Luke’s to be rebuilt By Dan Emerson After five months of negotiations that led to a long-awaited compromise, California Pacific Medical Center recently gained city approval to go ahead with its planned $2 billion Cathedral Hill hospital and a related rebuild of St. Luke’s Hospital. Opposition by some […]

Duke Realty is developing the two-story, 37,000 square foot Scott & White Cancer Center-Hillcrest adjacent to Hillcrest Baptist Medical Center in Waco, Texas.
Rendering courtesy of Duke Realty

Outpatient Projects: Duke Realty adding two Texas MOBs

Firm developing medical office buildings on Scott & White Healthcare campuses By John B. Mugford Two outpatient projects are underway on the campuses of two major hospitals in the Texas cities of Waco and Temple. Both of the facilities are being developed by Indianapolis-based Duke Realty Corp. (NYSE: DRE), which has an office in Dallas, […]

Companies & People: Griffin-American crosses the ocean for a big senior housing purchase

NEWPORT BEACH, Calif. – Griffin-American Healthcare REIT II Inc., a real estate investment trust (REIT) that focuses on healthcare properties, recently entered an agreement to acquire 44 senior housing and care facilities in England, Scotland and the island of Jersey.

Post-Acute & Senior Living: CNL Lifestyle Properties Inc. buys CCRC in Indianapolis suburb for $22 million

ORLANDO, Fla. – CNL Lifestyle Properties Inc. announced July 2 that has acquired The Stratford, a 221-unit continuing care retirement community (CCRC) in Carmel, Ind., for $22 million.

Not sure what to do with that old hospital campus? How about a CCRC?
Photo courtesy of Silvercrest

Industry Pulse: Ex-Hospital Reborn as Senior Housing

As more hospitals close in the wake of healthcare reform, increasingly the question is becoming: What do we do with the old campus? At least one ex-hospital, a former tuberculosis facility that was later used as a mental health center and school for disabled children, has found new life as a senior living community. A […]

Capital Markets: What does the future hold for ACOs?

Capital Markets: What does the future hold for ACOs?

Return on investment looks to be shaky, but the model’s concept remains strong By now, everyone knows about the Accountable Care Organization (ACO) model, which was part in the Patient Protection and Affordable Care Act (PPACA) as part of the Medicare Shared Savings Program. Conceptually, ACOs should result in cost-savings for providers that assume certain […]