Outpatient Projects: Medical to be part of mixed-use plan
ParkSquare in Aventura, Fla., would also include a 200-bed assisted living facility By Murray W. Wolf Aventura commissioners voted unanimously April 1 to approve conditional use permits clearing the way for ParkSquare Aventura, a 7.4-acre mixed-use development including a 10-story building featuring ground floor retail and six levels of parking, topped by three stories of […]
Outpatient Projects: Ryan Cos. USA Inc. plans MOBs in suburban Minneapolis, Milwaukee
MAPLE GROVE, Minn., and DELAFIELD, Wis. – The Maple Grove City Council voted unanimously April 7 to approve plans for the 41,800 square foot Grove Health West MOB. The developer, Minneapolis-based Ryan Cos. US Inc., says the facility is 52 percent pre-leased to tenants that include Twin Cities Orthopedics (TCO), a Golden Valley-based medical practice that bills […]
Outpatient Projects: More Outpatient Projects
Simone Healthcare Development Group, an affiliate of New York-based Simone Development Cos., announced in March that it has completed the redevelopment of 1436 Broadway in Hewlett, N.Y., a small suburb just east of JFK International Airport. The 13,000 square foot integrated healthcare facility is operated by Mount Sinai Five Towns Medical Group. Simone Healthcare Development […]
Inpatient Projects: Methodist Hospital project leads Omaha healthcare construction boom
OMAHA, Neb. – Construction is underway on a $90 million expansion of the surgery department at Methodist Hospital at 8303 Dodge St. in Omaha. The project will relocate cardiac services into one large area and expand the surgery department into space vacated by obstetrical and gynecological services, which relocated to Methodist Women’s Hospital in Omaha. […]
Inpatient Projects: OhioHealth adds $91 million to investment in MedCentral Hospitals in wake of merger
COLUMBUS, Ohio – OhioHealth, a Columbus, Ohio-based family of not-for-profit, faith-based hospitals, announced that it will invest an additional $91 million over its earlier announced investment for capital improvements to two hospitals — OhioHealth MedCentral Mansfield in Mansfield, Ohio, and OhioHealth MedCentral Shelby in Shelby, Ohio. OhioHealth and the MedCentral Health system merged in March, […]
Inpatient Projects: Methodist Health to build $118 million patient tower in Mansfield, Texas
MANSFIELD, Texas – Methodist Health System recently broke ground on a $118 million, 110,000 square foot patient tower that will be connected to the Methodist Mansfield Medical Center at 2700 E. Broad St. in Mansfield, Texas, about 33 miles southwest of Dallas. Levi Davis, chairman of the Methodist Health System board of directors, said the […]
Inpatient Projects: University Hospital Sky Tower opens
$787 million, 1 million square foot, 420-room space added to San Antonio hospital By Connie M. McCaffrey University Health System has just opened the new $787 million, 10-story, 1 million square foot, 420-room Sky Tower at 4502 Medical Drive in the South Texas Medical Center in San Antonio. The new University Hospital tower completes […]
Inpatient Projects: More Inpatient Projects
HealthOne, the parent company of Swedish Medical Center in Englewood, Colo., plans to invest $50 million to expand and renovate Swedish Medical’s stroke and neuroscience center. The project will include adding 65,000 square feet of space, renovating 28,000 square feet and increasing the number of beds to 39 for the neuroscience program. It also will […]
Inpatient Projects: Carolinas Healthcare to determine next steps after adverse court ruling
CHARLOTTE, S.C. – Charlotte-based Carolinas Healthcare System recently lost a bid to build a new hospital in Fort Mill, S.C. after an administrative law judge awarded the project to Piedmont Medical Center, which is based in Rock Hill, S.C. The issue of which health system should build the Fort Mill hospital has been appealed in […]
Inpatient Projects: San Francisco booming with $20 billion in hospital construction
SAN FRANCISCO – The San Francisco Business Times reports that in the next six years, the San Francisco Bay area will be home to at least 14 new hospitals with an estimated total cost of at least $20 billion. These include: Sutter Health’s $2.1 billion California Pacific Medical Center at Geary Street and Van Ness […]
Post-Acute & Senior Living: Panel epitomizes changing times
NIC discussion tackles retail clinics, PPACA and post-acute care partnerships By Murray W. Wolf It was a panel discussion that couldn’t have happened 10 years ago. The topics covered in the opening general session of the recent National Investment Center for the Seniors Housing Industry (NIC) Regional Conference would have seemed in early 2004 to […]
Industry Pulse :Twin Cities Investor Market Heating Up
For the past several years, the MOB investment market in the Twin Cities of Minneapolis-St. Paul, Minn., has been rather dull. Despite an active and innovative healthcare scene – the health maintenance organization (HMO) was invented in Minnesota in the 1960s, for example – very few healthcare facilities were bought or sold.
REIT Report: Griffin-American launches new REIT
Unlisted Griffin-American Healthcare REIT III has agreed to first acquisitions By John B. Mugford With all of the speculation surrounding what would eventually happen to unlisted Irvine, Calif.-based Griffin-American Healthcare REIT II – would it go public or be acquired by a publicly listed company? – not much attention has been paid to the launching […]
Post-Acute & Senior Living: More Post-Acute and Senior Living News
LCB Senior Living LLC of Norwood, Mass., plans to develop a 72,600 square foot, 90-unit assisted living and Alzheimer’s care community at 6 Sally Sweets Way in Salem, Mass. Plans call for 64 assisted living residences and a 26-bed Alzheimer’s care unit to be developed on a 7-acre, wooded site next to the Ingram Senior […]
Industry Pulse On the Record: Thomas D’Arcy
“Will health systems begin monetizing MOBs at some point? “We’re seeing regional healthcare systems beginning the process of monetizing their assets… Over time, investors such as the people in this room (at the 2014 BOMA MOB conference) are going to be owning more and more of the healthcare facilities in this country.” Thomas D’Arcy, CEO […]