Hot Property: Location is key for California MOB
Redevelopment of adjacent hospital could add value to 99% leased facility Name: Freeman Medical Towers Address: 323 N. Prairie Ave. City: Inglewood, Calif. Size: 79,428 square feet (rentable) Number of floors: Four Lot size: 1.4 acres Occupancy: 99% Seller: Grabel Financial LLC & Linton Financial LLC Largest tenant: Didi Hirsch Mental Health Services (45%) Buildings […]
Outpatient Projects: Future proton center gets a home
Cincinnati Children’s to build $118 million facility in far northern suburbs By John B. Mugford The country is currently home to 11 proton therapy centers, the cancer treatment facilities that direct a precise beam of radiation at tumors without harming surrounding tissue. The number of such facilities is rising rapidly, as another 15 or so […]
Outpatient Projects: Sanders Trust starts MOB in Granbury, Texas, outside of Fort Worth
GRANBURY, Texas – Construction started in recent weeks on a $8.7 million, 41,000 square foot medical office building (MOB) on the campus of Lake Granbury Medical Center, near Fort Worth.
Outpatient Projects: Local developer starts another MOB project in Austin, Texas, area
AUSTIN, Texas – Austin-based Arise Capital Investments continues to mine for opportunities as well as develop MOBs in and around its hometown. The developer, in fact, broke ground recently on a 72 percent pre-leased, multi-tenant MOB in Manor, a city of about 5,000 people just outside of Austin. The 36,000 square foot facility is underway […]
Outpatient Projects: Wisconsin firm to develop MOB on group’s campus in Dartmouth, Mass.
DARTMOUTH, Mass. – With a number of its medical services scattered in various locations, Hawthorn Medical Associates of Dartmouth is looking forward to the opening of a future, large MOB to consolidate those providers. Officials say the future “one-stop” medical care facility will not only help it deliver services more efficiently, but will provide a […]
Outpatient Projects: More Outpatient News
The City Council of Bangor, Maine, has agreed to back a deal that could lead to the development of a
Inpatient Projects: OSHPD approves $300M care center
State agency approves Washington Hospital’s plan for 250,000 s.f. facility in Fremont, Calif. By John B. Mugford This fall, Washington Hospital in Freemont, Calif., aims to start construction on its long-planned, $300 million Morris Hyman Critical Care Pavilion and a seven-story, 680-space parking garage. The plan recently received the approval of the California Office […]
Inpatient Projects: New owner, Duke/LifePoint, plans $290M replacement for Marquette General
MARQUETTE, Mich. – When Duke/LifePoint (DLP) Healthcare LLC announced the formation of a joint venture (JV) partnership in early 2011, it outlined a strategy for acquiring, helping operate and investing capital into smaller, perhaps standalone and/or struggling community or regional hospitals. So far, the partnership of Durham, N.C.-based Duke University Health System Inc. and Brentwood, […]
Inpatient Projects: Landlocked, Colo., rehab hospital starts $90M expansion, renovation
ENGLEWOOD, Colo. – A $90 million expansion and renovation is underway on the tight confines of Craig Hospital’s landlocked campus in Englewood, a Denver suburb. The hospital focuses on the rehabilitation and research of patients with spinal cord injuries (SCI) and traumatic brain injuries (TBI). The 60-month project calls for adding
Inpatient Projects: UNC Hospitals tops off future $200 million Hillsborough facility
HILLSBOROUGH, N.C. – In July, Chapel Hill, N.C.-based UNC Health Care opened the first phase of its new Hillsborough hospital campus: the 60,000 square foot Hillsborough Medical Office Building. Specialties housed in the new facility include dermatology, gastrointestinal medicine, OB/GYN, urogynecology and urology, along with a skin cancer center.
Inpatient Projects:More Inpatient Project News
■ Construction is underway on a $315 million expansion of Riverside (Calif.) Community Hospital, which recently displayed architectural drawings and shared details of the project at a public town hall meeting. The expansion includes
Post-Acute & Senior Living: Omega inks $525M sale/leaseback
Healthcare REIT to acquire 56 facilities and lease them back to Ark Holding Co. By Murray W. Wolf A wholly owned subsidiary of Omega Healthcare Investors Inc. (NYSE: OHI), a healthcare real estate investment trust (REIT) specializing in the long-term care industry, has agreed to a $525 million sale/leaseback transaction that would add 56 facilities […]
Post-Acute & Senior Living: Kindred Healthcare closes sale of 16 ‘non-strategic’ facilities for $186.5 million
LOUISVILLE, Ky. – Kindred Health-care Inc. (NYSE: KND) has sold 16 “non-strategic” facilities to an affiliate of Vibra Healthcare LLC for a total of $186.5 million. On Sept. 3, Kindred announced that it had completed the sale of
Post-Acute & Senior Living: Senior Housing Property Trust to sell rehab hospitals, reducing Medicare exposure
NEWTON, Mass. – Senior Housing Properties Trust (NYSE: SNH) announced Sept. 20 that it has agreed to sell for $90 million two rehab hospitals it owns in a joint venture (JV) composed of affiliates of The Sanders Trust LLC of Birmingham, Ala., and Harrison Street Real Estate Capital LLC of Chicago. SNH says it expects […]
Post-Acute & Senior Living: Seton, Healthcare Family, Post Acute Medical team up on new facility in Kyle, Texas
AUSTIN, Texas – Austin-based Seton Healthcare Family has broken ground on a new hospital in Kyle, Texas, while, at the same time, it has announced plans for a new facility in Breckenridge, Texas, about 100 miles west of Fort Worth. Ground was broken recently for a