Transactions: HTA grabs MOBs along East Coast
By John B. Mugford Portfolios are the rare gems in today’s healthcare real estate (HRE) investment arena, where available, attractive medical office buildings (MOBs) remain in short supply compared to the amount of capital that would-be buyers desperately want to place.
Transactions: Flagship-Drake joint venture acquires FED and MOB in Virginia for $19.55 million
FREDERICKSBURG, Va. – A joint venture composed of an investment fund operated by Charlotte, N.C.-based Brackett Flagship Properties and New York-based Drake Real Estate Partners recently acquired a health system’s key off-campus property in Fredericksburg, about 45 miles south of Washington, D.C.
Transactions: More HRE Transactions
Crossroads Development Partners LLC of Schaumburg, Ill., recently led a venture to acquire a two-building, 53,000 square foot, Class B MOB asset in Hoffman Estates, Ill., for $1.2 million, or about $23 PSF. The Medcoa Professional Complex at 990 to 1000 Grand Canyon Parkway was acquired from an affiliate of Boston-based Admirals Bank, which took […]
Hot Property: Ortho group monetizing portfolio
Two facilities comprise portfolio to be net leased to Arlington, Texas, group Name: Arlington Orthopedic Portfolio Cities: Arlington and Mansfield, Texas Number of buildings: 2 Total square footage: 49,660 Occupancy: 100% Tenant: Arlington Orthopedic Associates Seller: Arlington Orthopedic Associates Brokers: Daniel Turley, Mindy Berman and Steven Leathers, Jones Lang LaSalle
Transactions: CNL buys Houston assets from HCN
CNL’s $76 million Houston Orthopedic & Spine Hospital campus acquisition includes a four-story, 126,946 square foot single-tenant specialty surgical hospital and a four-story, 99,768 square foot, multi-tenant, Class A MOB. Photos courtesy of Colliers International Firm acquires specialty hospital, medical office for $76M from Health Care REIT By John B. Mugford Orlando, Fla.-based CNL Healthcare […]
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 […]
