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August 2014 PDF

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Archives: August 2014

Archives: August 2014

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Entries now open for second annual HREI Insights Awards

Entries now open for second annual HREI Insights Awards

Healthcare Real Estate Insights™ magazine announces the second annual awards program recognizing excellence in healthcare real estate. Entries are due Friday, Oct. 17, 2014. About the HREI Insights Awards™ The HREI Insights Awards™ were established by Healthcare Real Estate Insights™ magazine in 2013 to recognize excellence in healthcare real estate. The HREI Insights Awards are […]

Cover Story: New York state of mind

Cover Story: New York state of mind

How Big Apple-based providers see the healthcare real estate market – and what that might mean for the rest of us By John B. Mugford Needless to say, any doctor who has been involved in providing medical care for a number of decades has watched the business get turned on its head in recent years. […]

Feature Story: Why design matters

Feature Story: Why design matters

BOMA conference panel discusses the healing power of architecture By John B. Mugford Gone are the days when the main goal of designing and building a shiny new healthcare facility was to attract new patients, and hopefully retain them, with plenty of bells and whistles. Today, while attracting patients remains a fundamental objective, healthcare design […]

Transactions: Q2 MOB sales pick up the pace

Transactions: Q2 MOB sales pick up the pace

Quarter saw $1.69 billion in volume, making the first half of 2014 a record-setter By John B. Mugford Sales of medical office buildings (MOBs) in the first half of 2014 showed no signs of slowing down, as the volume actually topped that of the first-half of a record-setting 2013. For the second quarter (Q2) of […]

Among the recent dispositions by ProMed Properties is the 18-story, 435,352 square foot Market Square building at 3535 Market St., near Drexel University, in Philadelphia, which it sold to HCP Inc. for $140.6 million, or about $323 per square foot.
(Photos courtesy of ProMed Properties)

Transactions: ProMed sells facilities for $205M

Israel-based subsidiary sells large building to HCP Inc., 5 MOBs to HTA By John B. Mugford It looks as if Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) landed even more of a gem from New York-based ProMed Properties Inc. than reported in June. A couple of months after ProMed sold a six-building medical […]

Outpatient Projects: MOB kicks off Nashville, Tenn., project

Medical, health technology are key components of mixed-use oneCITY plan By John B. Mugford As Dallas-based Cambridge Holdings Inc. moves forward on a large mixed-use project a few miles from downtown Nashville, Tenn., company officials say healthcare and life sciences are key components of the overall $400 million to $500 million project, known as oneCITY. […]

Outpatient Projects: Minneapolis-based provider to add new MOB at clinic site, creating outpatient hub

MAPLE GROVE, Minn. – Looking to capitalize on one of its high-visibility locations in a growing area of the Minneapolis suburbs, Park Nicollet Clinic recently broke ground on a new medical building that will anchor a future regional outpatient hub in Maple Grove. The new $48 million, three-story, 93,091 square foot facility will be connected […]

Outpatient Projects: $73 million redevelopment project in Detroit to include 195,000 square foot MOB

DETROIT – In recent months, the city of Detroit’s Brownfield Redevelopment Authority and a private development firm have indicated that they are moving forward with a demolition and redevelopment project that would result in the building of a new mixed-use and a large outpatient medical facility just outside of downtown.

Outpatient Projects: San Antonio firm plans age-in-place project near health campus in Texas

NEW BRAUNFELS, Texas – Earlier this summer, San Antonio-based Alternivest acquired 30 acres of land in New Braunfels on which it plans to build an age-in-place healthcare destination complete with an MOB.

Outpatient Projects: Orthopedics group to own new $20 million building outside of Richmond, Va.

MECHANICSVILLE, Va. – A large Richmond-based orthopedics group is looking to own rather than rent the facilities it occupies. As part of the strategy, the group plans to own a facility under construction next to Bon Secours Memorial Regional Medical Center in Mechanicsville, just north of Richmond, Va.

A $1.2 billion expansion at Loma Linda University Health will include an $823 million hospital addition as well as this $60 million research facility, which will house the Center for Discovery and the Wholeness Institute. 
(Rendering courtesy of Loma Linda University Health)

Inpatient Projects: Loma Linda plans major expansion

$1.2 billion of work planned at Adventist-affiliated California hospital campuses By Dan Larson After receiving a generous $100 million donation, Loma Linda University Health announced plans for a $1.2 billion expansion to its campus in Loma Linda, Calif. “It’s unprecedented and it’s bold,” according to Rachelle Bussell, senior VP of advancement for Loma Linda.

Inpatient Projects: Detroit Medical Center opens new $111 million Heart Hospital

DETROIT – The Detroit Medical Center (DMC) recently opened the new DMC Heart Hospital in downtown Detroit. The $111 million project includes a six-story, 215,000 square foot cardiology facility as well as a nine-level, 1,780-space parking lot.

Inpatient Projects: NorthShore awaits council approval for $74.4 million Highland Park expansion

HIGHLAND PARK, Ill. — A renovation project at NorthShore Highland Park Hospital could soon be underway in the north suburbs of Chicago. NorthShore, which operates four hospitals in the area, is awaiting an approval from the Highland Park City Council before beginning construction.