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 […]
Inpatient Projects: More Inpatient Projects
Tribal leaders from the Eastern Band of Cherokee Indians recently broke ground on a 150,000 square foot, $75 million Cherokee Indian Hospital in Cherokee, N.C. The hospital, which is expected to be completed in early 2016, will include 20 inpatient beds, integrated care outpatient services, lab, pharmacy, complementary therapies, physical therapy and other services.
Inpatient Projects: Akron Children’s Hospital expansion two weeks ahead of schedule
AKRON, Ohio – CBRE Healthcare, a commercial real estate services and investment firm, and Akron Children’s Hospital recently held a topping out ceremony for a seven-story, 368,735 square foot expansion of the campus, near Locust and Exchange Streets in Akron. Hospital officials said in a news release that despite inclement winter weather, the $200 million […]
Inpatient Projects: Construction of Sanford’s huge new North Dakota hospital is on time, on budget
FARGO, N.D. – Officials of Sanford Fargo Medical Center say construction on the seventh largest hospital project now underway in the country is still on time and on budget. The hospital also is one of the top 10 healthcare projects in the United States and one of the largest non-industrial construction projects in North and […]
Inpatient Projects: Baylor Health Care System hospital almost complete, will open on schedule
WAXAHACHIE, Texas – Officials from Baylor Health Care System recently hosted a tour of the Baylor Scott and White Medical Center in Waxahachie to let the public see the progress on the hospital’s construction. The $175.5 million, 299,000 square foot facility is about 60 percent complete and is on track to open this December.
Post-Acute & Senior Living: RBS Citizens Financial leads $97 million financing for Fellowship Senior Living
BASKING RIDGE, N.J. – RBS Citizens Financial Group, one of the 15 largest commercial banking companies in the country, has been selected to lead a $97 million financing for Fellowship Senior Living in Basking Ridge. The transaction will enable the CCRC to expand and renovate its facility as well as refinance its existing bonds to […]
Industry Pulse: MOB demand unlikely to decrease anytime soon
Medical is attracting investors of all stripes. At the recent InterFace Healthcare Real Estate West 2014 conference in Los Angeles, an experienced panel of healthcare real estate professionals talked about how the pool of would-be medical office building (MOB) buyers continues to expand, with more and more funds, private investors, institutions and others entering the […]
Post-Acute & Senior Living: More Senior Living News
Virginia-based senior housing developer Smith/Packett Med-Com LLC is planning to build a 102-unit, 90,000 square foot assisted living community on the corner of Victory Boulevard and Hampton Highway in Tabb, Va. This would be the first assisted living community in the county. The community will feature activity rooms, a commercial kitchen, dining room, a pub […]
Post-Acute & Senior Living: Balfour breaks ground for $74 million senior living community in Denver
DENVER – Louisville, Colo.-based Balfour Senior Living announced that it has broken ground on the $74 million, 275,000 square foot Balfour at Riverfront Park at 15th and Little Raven streets in downtown Denver. The independent living, assisting living and memory care community will be adjacent to the historic Moffat Train Depot, which will be incorporated […]
Post-Acute & Senior Living: Buckner goes big in North Dallas
$108 million, two-building, 12-story, 314-unit Ventana project to open by 2018 By Connie M. McCaffrey The Buckner Retirement Services unit of Buckner International, a global faith-based ministry that serves vulnerable children, senior adults and families, announced plans March 28 for Ventana by Buckner, a 314-apartment senior living community in North Dallas. Financial details were not […]
Post-Acute & Senior Living: The LaSalle Group breaks ground for two Texas senior living communities
GEORGETOWN and AUSTIN, Texas – Irving, Texas-based The LaSalle Group, which designs, develops and builds Autumn Leaves senior communities, recently broke ground for new communities in Georgetown and Austin. In Georgetown, The LaSalle group broke ground for Autumn Leaves of Georgetown at 3600 Williams Drive. The 26,000 square foot, $10.3 million community will provide expert […]
REIT Report: Some speculate about HCP merger
Analysts point to a dearth of deal making, the CEO’s firing and a ‘cheap’ stock By Murray W. Wolf Should HCP Inc. (NYSE: HCP) merge with one of the other Big Three healthcare real estate investment trusts (REITs), Ventas Inc. (VTR) or Healthcare Care REIT Inc. (NYSE: HCN)? A growing number of securities analysts seem […]
Post-Acute & Senior Living: National Health Investors pumps $42 million into Prestige senior facilities
MURFREESBORO, Tenn. – National Health Investors Inc. (NYSE: NHI), a healthcare REIT, announced a $42 million sale-leaseback arrangement with Vancouver, Wash.-based Prestige Senior Living, which operates senior communities throughout the western United States.