Inpatient Projects: NorthBay announces big upgrades
Healthcare system will invest $200 million on Solano County, Calif., facilities By Connie M. McCaffrey NorthBay Healthcare , an independent Fairfield, Calif.-based health system, announced that in addition to its newly opened $20 million Green Valley Health Plaza in Fairfield, it plans to begin major construction on its two hospital campuses in Fairfield and Vacaville, […]
News Release: Hammes Company brings flexibility, collaboration to new Kaiser Permanente Colorado facility
The new center marks the largest project in the non-profit, health plan’s history, serving the communities of South Metro Denver ENGLEWOOD and LONE TREE, Colo., March 25, 2014 – Representing the onset of a planned expansion, Kaiser Permanente Colorado’s new multi-specialty center opened to patients last month within Colorado’s popular south Denver market. The center […]
Archives: March 2014
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Cover Story: When is a hospital not a hospital?
Perhaps when it’s a ‘re-admit facility’ designed to avoid readmission penalties As health systems prepare further for the Patient Protection and Affordable Care Act (PPACA), they must figure out ways to avoid certain potential penalties assessed for excessive readmissions to their hospitals. One member of the audience at InterFace Healthcare Real West 2014 asked a […]
Cover Story: Looming over the real estate landscape: Health system executives discuss the ongoing effects of the PPACA on the HRE sector
Health system executives discuss the ongoing effects of the PPACA on the HRE sector By John Mugford As if providers aren’t facing enough pressures with the changing of the whole delivery model paradigm, healthcare reform has thrown even more complications at them. The Patient Protection and Affordable Care Act (PPACA), which was enacted into law […]
Hot Property: Retail, medical compose portfolio
Properties are in massive AllianceTexas mixed-use area of Fort Worth Name: Fort Worth Retail/M.O. Portfolio Addresses: 12650 N. Beach St.; 12457, 12465, 12485 Timberland Blvd. City: Fort Worth, Texas Number of buildings: 4 Total square feet: 33,410 Occupancy: 100% Seller: Unnamed Tenants: UNT Health Science Center, 7-11 Combined NOI: $732,737 Brokers: Scott Herbold, Jennifer Pierson, […]
Transactions: More HRE Transactions
DealPoint Merrill, a Los Angeles-based subsidiary of the Merrill Group of Cos., last fall closed escrow on a massive MOB complex, a former hospital, in downtown Dayton, Ohio. Elizabeth Place, on the banks of the Miami River, is an 820,000 square foot medical office facility that includes more than 100 medical practices. Included on the […]
Transactions: PRT hits the ground running in 2014
Physicians Realty Trust has closed $107.4 million in deals, mostly for MOBs By John B. Mugford Milwaukee-based Physicians Realty Trust (NYSE: DOC) is continuing with its purchasing ways to kick off 2014. The publicly traded real estate investment trust (REIT) recently acquired in separate deals: a large MOB in the “Pill Hill” area of Atlanta; […]
Outpatient Projects: Cornerstone starts MOB on hospital campus in Vicksburg, Miss.
VICKSBURG, Miss. – Cornerstone Companies Inc. recently started construction on an MOB in Vicksburg, a city on the banks of the Mississippi about 40 miles west of Jackson, Miss. The Indianapolis-based company – not affiliated with the Atlanta-based Cornerstone Development Partners mentioned on the facing page – says the on-campus MOB is scheduled to open […]
Outpatient Projects: Seavest boosts occupancy at recently acquired on-campus MOB in Virginia
FAIRFAX, Va. – As medical office building (MOB) transactions go, some involve fully occupied, stabilized assets that for the most part require the new owner to simply collect the rents. Other deals, however, involve the acquisitions of value-add facilities that require plenty of TLC to bring them up to snuff and strong leasing efforts to […]
Outpatient Projects: Atlanta firms chasing opportunity
Cornerstone, Stein propose $65 million medical complex near Piedmont Hospital By Murray W. Wolf A purported lack of Class A medical office space near Atlanta’s Piedmont Hospital has prompted a pair of hometown commercial real estate firms to propose a $65 million, seven-story, 161,000 square foot medical office and retail project for a site near […]
Outpatient Projects: Optimal Outcomes developing $8.8M outpatient clinic for Florida Orthopaedic
CITRUS PARK, Fla. – Optimal Outcomes of St. Petersburg, Fla., has broken ground for an $8.8 million, 26,500 square foot outpatient facility for Florida Orthopaedic Institute at 6119 Gunn Highway in Citrus Park, near Tampa. Optimal says it is developing the project in collaboration with Florida Orthopaedic Institute, the state’s largest ortho group.
Outpatient Projects: Duke Realty developing N.J. MOB
New facility slated for Palisades Medical Center campus in North Bergen By John B. Mugford New Jersey-based Palisades Medical Center and Indianapolis-based commercial real estate developer Duke Realty (NYSE: DRE) recently broke ground for a 57,000 square foot ambulatory building on the hospital’s campus in North Bergen, N.J., about 12 miles northeast of Newark. The three-story […]
Outpatient Projects: Duke Realty and St.Vincent break ground for 85,847 s.f. MOB near Indianapolis
CARMEL, Ind. – St.Vincent Carmel Hospital and Duke Realty Corp. (NYSE: DRE) announced March 3 that they have broken ground for the four-story, 85,847 square foot St.Vincent Women’s Center in this community about 30 minutes north of Indianapolis. The MOB is being developed at 13420 N. Meridian, on the campus of St.Vincent Carmel Hospital and […]