Outpatient Projects: Kelsey-Sebold Clinic starts work on new MOB in Houston suburb of Clear Lake, Texas
CLEAR LAKE, Texas – Kelsey-Seybold Clinic of Houston has begun construction on a new MOB in the suburb of Clear Lake to meet increasing demand and improve the patient experience. The new building will consolidate the well-known clinic’s physicians and services from two local buildings into one.
Industry Pulse: New entrants will disrupt healthcare
$2.8 trillion That’s the size of the U.S. healthcare system, and the potential of the “New Health Economy” will be even greater, says a new report from the consulting company PricewaterhouseCoopers LLP (pwc). That’s the good news. The not so good news – at least for some current hospitals and physicians – is
Archives: April 2014
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Cover Story: Forecasting the future
Industry experts discuss the outlook for the healthcare real estate sector By John Mugford To say that healthcare real estate has come a long way in recent years would be a bit of an understatement. All one has to do to illustrate such a point is to peruse the list of sector investor types – […]
Transactions: Another value-add MOB for N.Y. firm
Benedict Group plans to convert 47% occupied building to all medical space By John B. Mugford Fresh off successfully filling a large amount space in its first medical office acquisition, a Great Neck, N.Y.-based real estate firm is ready to take on another value-add project. The firm, Benedict Realty Group (BRG), recently acquired
Transactions: Meridian acquires value-add MOB
Sonoma County, Calif., building provides ‘rare” opportunity for medical tenants By John B. Mugford San Ramon, Calif.-based Meridian Property Co., a commercial real estate firm that focuses mostly on healthcare, recently closed escrow on the purchase of a value-add, 69,000 square foot MOB in Rohnert Park, Calif., about 50 miles north of San Francisco […]
Transactions: Griffin-American REIT II acquires MOB in Carson City, NV for $19.5M or $264 PSF
CARSON CITY, Nev. – With the largest hospital in the area as a major tenant, the off-campus, outpatient Eagle Medical Center in Carson City is a major medical destination on one of the city’s most-traveled thoroughfares. Newport Beach, Calif.-based Griffin-American Healthcare REIT II recently acquired the 73,975 square foot MOB at 2874 N. Carson St., […]
Hot Property: Portfolio hits the market in Indiana
Offering has six buildings, 170,000 square feet and a AA-rated system tenant Name: Northwest Indiana MOB Portfolio Cities: Munster, Schererville, Dyer and Hammond, Ind. Number of buildings: 6 Total square feet: 170,000 Occupancy: More than 90 percent Seller: Undisclosed Major tenant: Franciscan Alliance Lead brokers: Erik Foster, Mike Wilson Broker: Avison Young, Chicago office
Outpatient Projects: NexCore completes NorthBay MOB
Health plaza to be first of multiple outpatient facilities on Fairfield, Calif., campus By Murray W. Wolf NexCore Group LP recently completed the $20 million, two-story, 35,600 square foot Green Valley Health Plaza in Fairfield, Calif., for NorthBay Healthcare. The Denver-based healthcare real estate (HRE) developer says that the project at 4520 Business Center Drive […]
Outpatient Projects: More Outpatient Projects
HSA PrimeCare announced in March that it has completed the 15,200 square foot Hawthorn Surgery Center at 240 Center Drive in Vernon Hills, Ill., a northern Chicago suburb. The tenant, Hawthorn Surgery Center, selected HSA PrimeCare as its development partner in 2012. HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real […]
Outpatient Projects: MOB project underway at former aircraft manufacturing campus in Long Beach, Calif.
LONG BEACH, Calif. – Urbana Development LLC has started construction of the $30 million, two-building, 90,000 square foot Douglas Park Medical Office Park near Long Beach Airport. Urbana, which is affiliated with Long Beach-based JR van Dijs Inc., a local construction and real estate development firm, says 65,000 square feet of the total square footage […]
Outpatient Projects: Kaiser unveils outpatient facilities
Provider completes Colorado and California centers; starts process for another By Murray W. Wolf Healthcare giant Kaiser Permanente recently opened new outpatient facilities in Lone Tree, Colo., and Oceanside, Calif., and started the approval process for another facility in Murrieta, Calif. The new 275,000 square foot Lone Tree Multi-Specialty Center in Lone Tree, a south […]
Outpatient Projects: Third-party MOB might fuel building of new facilities for Appalachian State U.
BOONE, N.C. – When officials of Appalachian State University (ASU) last year began exploring ways to use private funding to help underwrite the cost of a new academic building for their growing College of Health Sciences and Allied Professions, they considered student housing, retail and commercial offices. But it now appears that the public-private partnership […]
Inpatient Projects: $400M UF Shands plan moves ahead
System taps Skanska USA Building for $225 million of pre-construction services By Connie M. McCaffrey The planned $400 million, 521,000 square foot addition to the University of Florida (UF) Shands Cardiovascular Neuroscience Hospital in Gainesville, Fla., took a big step toward reality recently. Skanska USA Building announced April 7 that it has signed a contract […]
