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
Companies & People: More Company News
■ Colliers | Baltimore recently completed two long-term leases for spaces at Waterloo Crossing, a Medical Community, a speculative two-building complex under construction in Columbia, Md. Colliers handles leasing for the complex, which is slated for completion in late summer 2013. One of the largest local medical practices, whose name was not revealed, has signed […]
Industry Pulse: VA hospitals plagued by delays, cost overruns
The U.S. Department of Veterans Affairs (VA) is providing plenty of construction jobs and perhaps boosting local economies while building a number of new hospitals around the country. Four of the most visible projects, which have projected price tags in the hundreds of millions of dollars each, are in
Industry Pulse: Systems are moving on and need capital
Providers are powering past the indecision of Obamacare. At least that was the assessment of the executive team of Healthcare Realty Trust Inc. (NYSE: HR) on May 2, during the firm’s first quarter (Q1) earnings conference call.
Industry Pulse: Forecast uncertain for Sandy-battered hospital
The last hospital to remain closed as a result of the devastation caused by Hurricane Sandy in October 2012 remains, well, unopened. And according to the latest reports, it might never open as a hospital again.
Industry Pulse: Record MOB prices not here to stay
Recent interest rate changes give pause to some investors. Despite record-high medical office building (MOB) prices, recent interest rate fluctuations show that those prices won’t be around forever. That’s according to most recent Medical Office Investor Update report from CBRE.
Industry Pulse: On the Record
Does Health Care REIT plan to sell more medical office buildings? “We can always be proactively looking to prune our portfolio, but… I think the vast majority of the significant disposition listing has been completed.” Scott A. Estes CFO & EVP Health Care REIT Will MPT make additional MOB acquisitions this year? “Our active acquisitions […]
Capital Markets: Is the market in for stormy weather?
Healthcare REITs are feeling the brunt of recent interest rate uncertainty The market feels a little like the weather in the northern states just as winter arrives and a big, early season storm displaces the colors and the lingering warmth of fall. The last month or so has brought significant shifts in interest rates, market […]
REIT Report: Healthcare reform has HTA thinking big
REIT is adapting its leasing strategy as medical office tenants increase in size By Murray W. Wolf As we have been hearing for the past couple of years, the Patient Protection and Affordable Care Act, commonly referred to as healthcare reform, as well as other economic factors, are driving more and more formerly independent physicians […]
Editor’s Letter: Tidbits and topics
Miscellaneous news from around the HRE sector Dear Reader: We come across plenty of tidbits and hear about so many things taking place in the healthcare real estate (HRE) sector that it’s not always easy to include all of the information in each issue of Healthcare Real Estate InsightsTM. So this month I decided to […]
News Release: Peoria business receives $250,000 Innovation Challenge Grant
Nasseo Inc., a Peoria-based company, located at BioAccel’s medical device accelerator BioInspire, was a recipient of a $250,000 Innovation Challenge Grant June 11. The grant was awarded through the Innovation Challenge, a bi-annual business plan competition offered by the Arizona Commerce Authority. Nasseo is a medical device company dedicated to providing clinicians and patients smarter […]
News Release: New Camp Pendleton Naval Replacement Hospital Construction Teams Stomp Competition at World Famous 10K Mud Run
183 Clark/McCarthy JV employees, subcontractor partners, owner’s reps and friends & family members team up to raise $8,100 for ASYMCA as part of annual “mud madness” SAN DIEGO – (June 20, 2013) – Just as the Clark/McCarthy joint venture design-build team is out ahead of construction on the new 500,000-square-foot Camp Pendleton Naval Replacement Hospital, […]
News Release: GE Capital Provides $89 Million in Medical Office Building Financing to MB Real Estate
BETHESDA, MD – June 24, 2013 — GE Capital, Healthcare Financial Services announced today that it has provided $89 million in senior secured financing to MB Real Estate. The financing will be used to support the purchase of a medical office building in Atlanta, GA. “GE Capital has proven to be a reliable debt […]
Investment Opportunity: Landmark Office and Medical Office Building in Downtown Jacksonville
Offering Summary On behalf of the Owner, CBRE, Inc. as exclusive agent, is pleased to offer for sale the Aetna Building (the “Property”), a 20-story, Class A landmark office and medical office building in Downtown Jacksonville. The Aetna Building consisting of approximately 494,437 square feet of rentable area is 98% leased to thirteen (13) tenants […]
