Outpatient Projects: Wisconsin firm to develop, own $48.2 million MOB on campus in Kennewick, Wash.
KENNEWICK, Wash. — A Wisconsin-based developer is in the midst of starting a new $48.2 million MOB on the campus of the future Southridge Hospital in Kennewick, in the southeast part of Washington state. Kennewick-based Trios Health, part of the Kennewick Public Hospital District, is building its new 74-bed hospital on 40 acres in the […]
Inpatient Projects: While waiting for CON, Lee County, Fla. system seeks local approval
BONITA SPRINGS, Fla. – While awaiting a possible approval for a new hospital from an administrative law judge, Fort Myers, Fla.-based Lee Memorial Health System is moving forward with zoning applications for an acute care facility it has planned for Bonita Springs. Last year, the health system, which operates four hospitals in Lee County, had […]
Inpatient Projects: Contested Illinois hospital underway
Despite a pending appeal, Centegra Health moves forward on $233M project By John B. Mugford Even though an appeal from competitors is still pending, a health system in the far northwestern suburbs of Chicago has decided to start preliminary construction on its long-planned $233 million hospital in the growing city of Huntley. Confident that the […]
Industry Pulse: On the Record
What’s new in development in the Greater Phoenix market? “Arizona-based hospitals are continuing to develop sophisticated, on-campus facilities and are also focused on retrofitting and repositioning older spaces to be new, efficient, effective and cutting edge. The outpatient facilities are typically smaller, providing emergency services and ambulatory surgery and other services. The major hospital groups […]
Post-Acute & Senior Living: Swedish firm to invest in U.S. projects
Index International strikes $500M development deal with Watercrest Senior Living By Murray W. Wolf Watercrest Senior Living Group, a Vero Beach, Fla.-based real estate developer and operator, and Index International AB, a Stockholm, Sweden-based investment firm, say they have finalized a $500 million, five-year partnership to co-develop senior living communities across the United States. The […]
Industry Pulse: HRE Professionals: Optimistic About ’14
78% That’s the percentage of HRE professionals who say they expect their business to grow in 2014. At the annual Healthcare Real Estate Insights™ Editorial Advisory Board meeting Denver in late 2013, board members discussed the state of the HRE sector and compared notes on what they consider to be the latest trends and strategies. […]
Publisher’s Letter: New HRE strategies
Real estate is adapting to the changing industry Dear Reader: As I was sifting through some of the folders on my computer desktop recently, I came across my notes from last fall’s Bisnow Healthcare Real Estate Summit in Philadelphia. In doing so, I was reminded of a very intriguing session I had attended, broadly titled […]
Industry Pulse: ‘Hot Pockets’ Inventors Show Appetite for MOBs
Investor with ties to Hot Pockets hungers for core-plus, value-add and opportunistic deals Hot Pockets are not exactly the healthiest packaged food on the market. In fact, comedian Jim Gaffigan practically built his career on a hilarious routine lampooning the fat-filled frozen sandwiches. So it is ironic – or perhaps a clever bit of vertical […]
Transactions: Lucile Packard Children’s Hospital buys off-campus MOBs in Los Gatos, Calif.
LOS GATOS, Calif. – Lucile Packard Children’s Hospital, part of Stanford University Health System, recently purchased a 63,000 square foot, two-building outpatient medical complex in Los Gatos for $24.5 million. The hospital made the acquisition, officials said, because its current six-year-old specialty center in Los Gatos is operating at full capacity.
Industry Pulse: On the Record
Will we see more investment in U.S. acute care hospitals, as we have in Europe? “We’ve been spending a lot of time with our CBRE counterparts in London, who have had a lot of success selling acute care facilities across Europe. While our team has found a great niche in the post-acute care sector in […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
Interwest Capital Corp., a La Jolla, Calif.-based private equity firm, and Angelo Gordon & Co., a privately-held New York-based investment adviser, recently acquired a Las Vegas senior housing portfolio out of foreclosure in a transaction valued at about $150 million.
Industry Pulse: Hospitals’ Post-Acute Push: Strategy or Fad?
Some healthcare real estate (HRE) firms are following hospitals into the post-acute space. Getting involved in post-acute care has become an increasingly popular strategy for many hospitals and health systems recently. This has largely been driven by the Patient Protection and Affordable Care Act (PPACA). A goal of the PPACA, aka healthcare reform, is to […]
Industry Pulse: NKGF Shares List of Sector’s Top Trends
What were last year’s top 10 trends in healthcare and HRE? Here’s one firm’s view. Commercial real estate firm Newmark Knight Grubb & Frank’s Global Healthcare Services Team recently published a list of its top 10 healthcare trends of 2013: 1. Significant M&A activity between hospitals and providers 2. “Deconstruction of the hospital” to off-campus […]
REIT Report: Healthcare REITs off to a good start
HREI Index increased 7.6% in January, but all shares are still below their highs By Murray W. Wolf The new year got off to a great start for the healthcare real estate investment trusts (REITs) that comprise the Healthcare Real Estate Insights™ REIT Index. Share prices increased 7.6 percent in January, on a weighted average […]
Companies & People: Cain Brothers advised joint venture as it plans new hospital in Houston
HOUSTON – Baylor College of Medicine (BCM) and CHI St. Luke’s Health System, an affiliate of Denver-based Catholic Health Initiatives (CHI), recently formed a joint venture to construct, own and operate a new hospital in the massive Texas Medical Center in Houston. The new hospital campus will be built in phases and eventually replace Baylor […]