News Release: St. Jude Medical Center Northwest Tower Project Team Honored for its Outstanding Design-Build Process
St. Jude Medical Center, Petra Integrated Construction Strategies, McCarthy Building Companies and Taylor Design receive Design-Build Institute of America – Western Pacific Region Distinction Award Newport Beach, Calif. (May 29, 2014) — The Design Build Institute of America (DBIA) – Western Pacific Region recently honored the design-build team of St. Jude Medical Center, Petra-Integrated Construction […]
News Release: Brackett Flagship Properties Announces New Team Members
Brackett Flagship Properties has recently added four new employees to support its continued growth: Thorn Baccich, Jr., Ryan Dawson, Matt Schindelholz, and John Klawitter. Thorn Baccich, Jr. joins Brackett Flagship Properties from Carolinas Healthcare System, where he spent four years in the Real Estate Department. As Vice President of Development, Thorn will work closely with […]
News Release: Duke Realty-developed Northside-Cherokee Towne Lake MOB attains LEED certification
The 100,797-square-foot Class A medical office building in Woodstock achieves distinction as environmentally friendly facility under USGBC’s LEED Core & Shell System WOODSTOCK, Ga., and INDIANAPOLIS, May 29, 2014 – Duke Realty has turned a real estate project that was a victim of the recession into a sustainable success. The United States Green Building Council […]
News Release: Seavest and Anchor break ground on new Jennersville Medical Office Building
Seavest and developer collaborate to develop a 72,000 square foot MOB at new Penn Medicine Chester County Hospital healthcare destination in Jennersville, Pa. WHITE PLAINS, N.Y., and JENNERSVILLE, Pa., May 29, 2014 – White Plains-based Seavest Healthcare Properties LLC in partnership with Anchor Health Properties has started construction of the new Jennersville Medical Office Building […]
News Release: Flagship Healthcare Real Estate Fund Partners with Drake Real Estate Partners to Acquire Freestanding Emergency Department & Medical Office Building in Fredericksburg, VA
May 29, 2014 Fredericksburg, VA – Flagship Healthcare Real Estate Fund and Drake Real Estate Partners have acquired The Professional Plaza at Lee’s Hill, a 71,000 square foot freestanding emergency department and medical office building located at 10401 Spotsylvania Avenue in Fredericksburg, Virginia. This modern facility is the seventh acquisition for the Flagship Healthcare Real […]
Thought Leaders: Medical Office Market Report Available
1st Quarter Medical Office Market Report Colliers International | Minneapolis-St. Paul is pleased to present our Twin Cities Medical Office Market Report for the first quarter of 2014. Strong construction activity as merging health care groups prepare for increasing patient population and streamlining of patient care Now Available Download Q1 Medical Office Market Report View […]
News Release: Caddis Partners names Jason Hinkel as Regional Director of Development
Based in Atlanta, the 25-year industry veteran is responsible for growing development activity in the Southeast Region for the Dallas-based healthcare real estate firm ATLANTA and DALLAS, May 28, 2014 – Leading national healthcare real estate firm Caddis Partners LLC has named industry veteran Jason Hinkel as Regional Director of Development. Mr. Hinkel’s role will […]
For Sale: 165,000 SF Building – Class A Medical Office Building Re-Position Opportunity
Asking Price $8 Million – Existing 165K SF Building with 8 + Acres of Land In Southern California Prime Downtown, Listings for Class C Neighborhood property prices at $110/SF to $165/SF I need a QUICK sale Land value at $7-$8 Million + Building replacement cost at $25 Million (please verify) MOB project can start in 4 […]
For Sale: Single Tenant Medical Office Investment Opportunity – Memphis, TN
Single Tenant Medical Office Investment Opportunity – Physicians 1st Medical – 5570 Murray Road Memphis, TN 38119 Tenant: Physicians 1st Medical Address: 5570 Murray Road, Memphis, TN 38119 Type: Single Tenant Medical Office SF: 9,725 In-Place NOI $124,468 Cap Rate: 9.50% Purchase Price: $1,310,188 This offering is available for a purchase price of $1,310,188 ($134.72 PSF) representing […]
Archives: May 2014
Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) Digital flipbook (COMING SOON!) 2014 Archives 2013 Archives
May 2014 PDF
To prevent unauthorized use of our Federally copyrighted content, Healthcare Real Estate Insights™ now uses a three-step process to unlock access to the PDF versions of the Current Editions and Archives:
Cover Story: Should systems monetize hospitals?
Selling MOBs is common, BOMA panel notes, but what about inpatient buildings? By John B. Mugford In healthcare real estate (HRE), there’s an untapped gold mine of properties awaiting investors who can figure out how to obtain them: acute care hospitals. Therein lies the difficulty, however, as the holders of more than 85 percent of […]
Transactions: DOC REIT acquires two LTACH facilities from major operator LifeCare
MILWAUKEE – Milwaukee-based Physicians Realty Trust (Nasdaq: DOC) recently acquired the real estate of two LifeCare Hospitals in the Pittsburgh and Fort Worth, Texas, areas. The healthcare-focused REIT, which previously acquired a LifeCare facility in Plano, Texas, paid $40 million for the two long-term acute care hospitals (LTACHs). Upon selling the LTACHs, Plano-based LifeCare Family […]
Feature Story: Focus on healthcare, not reform
Some providers say they’d be changing their real estate strategies anyway By Murray W. Wolf Most articles about the Patient Protection and Affordable Care Act (PPACA), aka healthcare reform, focus on how the four-year-old law is “forcing” hospitals and health systems to change their ways – with a stated goal of delivering higher-quality, more collaborative […]
Transactions: Montecito, Oak Street joint venture acquires buildings in Maine
AUGUSTA, Maine – A joint venture (JV) of Nashville, Tenn.-based Montecito Medical and Chicago-based Oak Street Real Estate Capital LLC recently acquired two MOBs in Augusta that house doctors with MaineGeneral Health System. While Montecito did not disclose the price the JV paid for the facilities, reports indicate that it acquired one of the buildings, […]