Outpatient Projects: Seavest, Anchor start new MOB
Partners collaborating on 72,000 s.f. medical “destination” near Philidelphia, PA By John B. Mugford As the population continues to grow in southern Chester County, Pa., two firms well-known in the healthcare real estate (HRE) sector are embarking on a project that they believe will become a medical “destination.”
Outpatient Projects: LandPlan plans to develop 51,000 s.f. MOB and 18262 s.f. ASC in Fort Worth, Texas
FORT WORTH, Texas – LandPlan Development of Frisco, Texas, recently announced that it plans to develop a three-story, 51,000 square foot MOB with an 18,262 square foot ASC in Fort Worth.
Outpatient Projects: Local developer proceeds with small spec MOB across from Connecticut hospital
DANBURY, Conn. – Perhaps speculative MOB development is on the comeback trail. Well, maybe not on a large scale like before the Great Recession.
Outpatient Projects: Irgens breaks ground for 26,000 s.f. on-campus MOB in west central Wisconsin
CHIPPEWA FALLS, Wis. – Irgens of Milwaukee recently broke ground for a new 26,000 square foot MOB on the campus of St. Joseph’s Hospital in Chippewa Falls, a city of about 15,000 people in the west central part of the state.
Outpatient Projects: Mercy Medical Center plans $15 million cancer care center expansion
SPRINGFIELD, Mass. – Sisters of Providence Health System plans to start work later this spring on a $15 million, two-story, 28,800 square foot expansion of the Sister Mary Caritas Cancer Care Center at its Mercy Medical Center campus in Springfield.
Outpatient Projects: Ranier Medical takes over development of MOB in Waxahachie, Texas
WAXAHACHIE, Texas – A switch in developers was approved by the Waxahachie City Council in recent months in order to reduce rents at a future 72,184 square foot, $11 million MOB underway in the city.
Inpatient Projects: Stamford (Conn.) Hospital starts work on $450 million replacement facility
STAMFORD, Conn. – Construction of the new replacement $450 million, 600,000 square foot Stamford Hospital — the largest construction project in the hospital’s 117-year history — is underway.
Inpatient Projects: Dispute between VA and contractor adds to delay of Colorado project
AURORA, Colo. – A project aimed at helping veterans garner healthcare services in the Denver area recently had its day in federal court. The Department of Veterans Affairs (VA) hospital construction project in Aurora has been plagued with delays because of design changes, cost overruns and a heated dispute with construction company Kiewet-Turner.
Inpatient Projects: St. Vincent’s to add beds as demand increases at Jacksonville hospital
JACKSONVILLE, Fla. – The parent company of St. Vincent’s Medical Center of Clay County has agreed to provide the initial seed capital required for a $24 million renovation of the hospital, according to a story in the Jacksonville Business Journal.
Inpatient Projects: More big plans unveiled in Houston
Latest announcement lifts local providers’ planned investment to $2 billion-plus By Connie M. McCaffrey Houston healthcare providers have announced about $2 billion in new projects in recent months. Houston Methodist last month raised the ante with another ambitious plan. On May 29, Methodist announced plans for a new $328 million, 470,000 square foot hospital campus […]
Inpatient Projects: $120 million, 5-story, 200,000 s.f. tower underway at hospital in Honolulu
HONOLULU – Work has started on a new $120 million, 200,000 square foot hospital tower at the Kapiolani Medical Center for Women & Children in Honolulu that will also house space to train a new generation of healthcare professionals.
Inpatient Projects: Riverside, Calif., hospital gains go ahead for 200 beds as part of $315M expansion
RIVERSIDE, Calif. – Riverside Community Hospital will add more than 200 beds, build two new towers, add parking and renovate old buildings over the next 30 years, under a plan recently approved by the Riverside City Council.
Post-Acute & Senior Living: Activity picking up in CCRC space
New, expanded and renovated communities suggest market might be rebounding By Murray W. Wolf The continuing care retirement community (CCRC) was one of the hardest hit healthcare real estate (HRE) product types during and after the housing crash, financial crisis and Great Recession. Many seniors wanted to move to CCRCs at that time but were […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
Institutional Property Advisors (IPA), a brokerage division of Marcus & Millichap, says it recently arranged the $20.5 million sale of the 240-bed Sunnyview Nursing and Rehabilitation Center nursing home in Butler, Pa. IPA Senior Director Joshua Jandris, Executive Director Mark Myers and Associate Charles Hilding represented the seller, Butler County, Pa. , along with Matthew […]
Post-Acute & Senior Living: Ventas Inc. agrees to pay $900M for 29 Canadian independent living assets
CHICAGO – You wouldn’t expect a $900 million acquisition to be upstaged by another deal – especially one revealed the same day by the same company. But that was arguably the case June 2 when Ventas Inc. (NYSE: VTR) announced an agreement to acquire 29 Canadian senior living communities from Holiday Retirement.
