News Release: Ryan Companies US, Inc. Begins Senior Housing Renovation Projects
Three Crowns Park is Converting Skilled Nursing Unit to Memory Care Center Friendship Village of Schaumburg Updating Various Interior and Exterior Spaces Naperville, Ill. (July 2, 2013)—Ryan Companies US, Inc. has begun senior housing renovation enhancements for Three Crowns Park in Evanston, Ill., and Friendship Village of Schaumburg in Schaumburg, Ill. These projects add to […]
News Release: New York Downtown Hospital Merges with NewYork-Presbyterian Hospital
Newly named NewYork-Presbyterian/Lower Manhattan Hospital is the only acute care hospital south of 14th Street NEW YORK (July 1, 2013) — NewYork-Presbyterian Hospital announced today that New York Downtown Hospital has become its sixth campus, the result of a merger between the two hospitals. The 180-bed community hospital, now renamed NewYork-Presbyterian/Lower Manhattan Hospital, remains the […]
CBRE Marketing El Paso Medical/Onocology Building
EL PASO, Texas – June 28, 2013 – CBRE has been selected as the exclusive marketing advisor for a 42,750-square-foot, three-story medical/oncology facility in El Paso, Texas. The facility is located at 4532 North Mesa on the western side of El Paso, and is within six miles of 14 hospitals and ambulatory surgery centers. The […]
News Release: Aurora, Boldt, Break Ground on Kenosha Cancer Care Center and Physician Office Building
Healthcare, business and government partnerships, innovation, central to project Aurora Health Care and The Boldt Company broke ground in June on a new cancer care center and physician office building in Kenosha, WI, that are being created through a partnership between Aurora and IASIS Healthcare. Boldt is serving as developer and contractor for the two […]
News Release: Emeritus Senior Living Announces Lease of 38 Communities
SEATTLE, WA, June 27, 2013 – Emeritus Corporation (NYSE: ESC) (“Emeritus”), the nation’s largest provider of assisted living and memory care services, today announced that the Company has entered into definitive agreements with Health Care REIT, Inc. (NYSE: HCN) (“HCN”) and Merrill Gardens under which Emeritus will lease a total of 38 senior housing communities […]
News Release: Duke Realty developing two outpatient clinics in Texas
Scott & White Healthcare is working with the commercial real estate firm’s Dallas office to develop a cancer center in Waco and an orthopedic clinic in Temple The 37,000-square-foot Scott & White Cancer Center-Hillcrest is being built next to the Hillcrest Baptist Medical Center in Waco, Texas. Please click on the image to link to […]
Archives: June 2013
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Cover Story: Is it wise to monetize MOBs?
At BOMA, health system executives outlined why their answer is ‘yes’
Feature Story: A new name is closing MOB deals
Fairfield Asset Advisors says it’s found a niche in healthcare real estate. Recent deals appear to back that up. By John B. Mugford New entrants often trumpet their move into the healthcare real estate sector, but most of them don’t succeed. Fairfield Asset Advisors is letting its transactions do the talking.
Post-Acute & Senior Living: Firm puts its brand on senior sector
Caddis Partners plans to develop up to 12 senior residences in next 18 months By Murray W. Wolf Caddis Partners LLC, a healthcare real estate firm best known for its medical office buildings (MOBs), is jumping into the senior housing market with both feet. In recent weeks, the Dallas-based healthcare real estate development, management and […]
Transactions: Two months, 21 assets acquired
Griffin-American Healthcare REIT II spends $141.3 million on 17 MOBs, four SNFs By John B. Mugford In the largest of the more-recent transactions, the REIT purchased 11 properties in what is known as the Central Indiana MOB Portfolio. The seller was
Hot Property: JLL plans to sell 13-building portfolio
Offering totals 657,811 square feet in California, Arizona; Dignity occupies 33% Name: Dignity Medical Office Portfolio Number of MOBs: 13 Locations: California and Arizona Size: 657,811 square feet Occupancy: 79% Seller: JLL Income Properties Trust Inc. Largest tenant: Dignity Health (33%) Brokerage firm: CBRE Group Inc. CALIFORNIA, ARIZONA – Big medical office building (MOB) portfolio […]
Inpatient Projects: $242M children’s hospital planned
Alleviating overcrowding a primary goal of building facility in Fort Myers, Fla. By John B. Mugford When beds periodically become scarce at the children’s hospital inside HealthPark Medical Center in Fort Myers, Fla., pediatric patients are sometimes diverted to hospitals in other cities. On occasion, the destinations include Tampa or Miami.
Companies & People: Plaza lands big leasing assignment
Firm is now in charge of REIT’s 795,000 square foot portfolio in Greater Phoenix By John B. Mugford When the Scottsdale Healthcare system in Arizona put a portfolio of medical office buildings (MOBs) on the market in late 2011, it was certainly big news in the healthcare real estate (HRE) sector.
Transactions: Broadstone acquires six MOBs from Milwaukee developer for $46.5 million
MILWAUKEE – In early June, Milwaukee-based Irgens, a healthcare and commercial real estate firm, sold six MOBs in a deal valued at $46.5 million. The buyer was Rochester, N.Y.-based Broadstone Real Estate.
