Archives: October 2013
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Cover Story: Seeking direction
How HRE developers are responding to change By John B. Mugford Industry experts discuss the ‘new’ state of the healthcare real estate market If chaos is an appropriate way to describe the state of today’s healthcare sector, then uncertainty, with plenty of chances for good opportunities, might best convey what’s facing those involved in healthcare […]
Feature Story: It takes a (healthcare) village
Boldt Co. sees the potential to develop health campuses nationwide By John B. Mugford Milwaukee-based firm working on first such project near Colorado Springs Providing healthcare services has long been a reactive endeavor, with most of the care being given to the sick or injured. It’s the method by which our healthcare system was created […]
Transactions: Relationships drove Dignity deal
NexCore-Heitman JV foresees opportunities as part of $114M MOB portfolio buy By John B. Mugford As reported in the September edition of Healthcare Real Estate Insights™ , NexCore Group LLC agreed Aug. 30 to acquire the 13 buildings being offered for sale by Jones Lang LaSalle (JLL) Income Property Trust Inc. as part of the […]
Transactions: Healthcare Realty Trust buys 91,000 s.f. MOB near major hospital in Gastonia, N.C.
GASTONIA, N.C. – Large, publicly traded REITs often look to buy properties in large bunches, as individual buildings typically don’t “move the needle” enough for them. However, they do often show interest in single properties put on the market if they have other buildings in the area, which allows them to achieve economies of scale […]
Transactions: Two MOB transactions, two vastly different prices paid per foot
NEW YORK and AURORA, Colo. – If ever a case could be made supporting the adage that location means everything in real estate, two recent MOB sales fit the bill. The sales also prove that when it comes to MOBs, occupancy at the time of the offering can mean a lot, too. One of the […]
Transactions: ARC Healthcare Trust buys MOB in Richmond for $19.2 million
RICHMOND, Va. – Talk about the ultimate retail location for a healthcare facility. New York-based ARC Healthcare Trust recently acquired an MOB in
Hot Property: Say ‘aloha’ to Hawaiian MOB for sale
Facility in Kapolei, west of Honolulu, is 97% leased with Kaiser as major tenant Name: Kapolei Medical Park Address: 599 Farrington Highway City: Kapolei, Hawaii Number of buildings: 2 Square footage: 51,545 Lot size: 3.47 acres Occupancy: 97% Seller: James Campbell Co. Largest tenant: Kaiser Permanente (30%) Buildings completed: 1999 First year NOI: $1.1427 million […]
Transactions: More HRE Transactions
■ Griffin-American Healthcare REIT II Inc. recently acquired an MOB at
Outpatient Projects: Heart center to re-use old hospital space
Anchor Health Properties in charge of repurposing under-used area at St. Elizabeth Edgewood By John B. Mugford As the healthcare delivery model continues to shift nationwide, it is likely that more and more space will become available for a variety of uses inside the place where almost all medical services were once delivered: the hospital. […]
Outpatient Projects: Bracket Flagship Properties starts new orthopedic facility outside Charlotte
GASTONIA, N.C. – Charlotte, N.C.-based Brackett Flagship Properties LLC recently started the development of an orthopedic care facility in Gastonia. The site of the future home for Carolina Orthopaedic & Sports Medicine is at the intersection of Court Drive and Summit Crossing Place, just a block or so from the 435-bed Caromont Regional Medical Center. […]
Outpatient Projects: Bronx-based developer working on 85,000 s.f. MOB in Westchester Co.
PURCHASE, N.Y. – Bronx, N.Y.-based Simone Healthcare Development and Greenwich, Conn.-based Fareri Associates are teaming up on the development of a four-story, 85,000 square foot MOB at 3030 Westchester Ave. in Purchase. The site is within Simone’s Harrison Executive Medical Park just off U.S. Interstate 287 in Westchester County. The building, slated for occupancy in […]
Outpatient Projects: MOB underway in un-used portion of parking lot at horse track in Santa Anita
SANTA ANITA, Calif. – After more than a year of planning and gaining city approvals, Monrovia, Calif.-based Hale Corp. in recent weeks started construction on a $20 million, four-story MOB in the southern parking lot of the Santa Anita Park horseracing track.
Outpatient Projects: VA chooses Johnson Development to develop, own clinic in Huntsville, Ala.
HUNTSVILLE, Ala. – Work is expected to start in a few months on a $25 million, 60,150 square foot outpatient clinic in Huntsville that will be occupied by the U.S. Department of Veteran’s Affairs (VA).
Outpatient Projects: VA selects Graham & Co. for outpatient facility, parking deck in Birmingham, Ala.
BIRMINGHAM, Ala. – In more news from the VA, the federal department recently announced that it has chosen a site, developer, architect and general contractor for its future $50 million MOB and parking deck project in Birmingham.