News Release: CHI ST. Vincent West Expansion
(LITTLE ROCK, ARK.) – CHI St. Vincent announces the next phase of growth and development at its outpatient, ambulatory care campus in west Little Rock — CHI St. Vincent West — with the groundbreaking of a new medical office building. The 44,000 square foot facility will be located on the 37-acre site owned by CHI […]
News Release: Wells Fargo Capital Finance Provides $32.5 Million Facility for Petersen Health Network
SANTA MONICA, September 30, 2014 – Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC), announced that it acted as administrative agent on a $32.5 million senior secured facility for Petersen Health Network (Petersen), a leading provider of long-term care services in Illinois as well as other areas of the Midwest. Petersen, […]
News Release: Duke Realty MOBs earn BOMA recognition
Five medical office buildings on Florida Hospital campuses in Central Florida awarded a 360 designation for excellence in building management and operation CENTRAL FLORIDA and INDIANAPOLIS, Sept. 30, 2014 – In today’s increasingly competitive, highly demanding office and medical office building (MOB) markets, it’s difficult to make one building stand out – let alone five. […]
For Sale: Bellingham Medical Office | Value-Add Opportunity
Bellingham Medical Center 2980 SQUALICUM PARKWAY BELLINGHAM, WASHINGTON 98225 THE OFFERING CBRE, as the Exclusive Representative for McCallen & Sons Inc. as General Receiver in the receivership of Bellingham BSC, LLC is pleased to offer for sale the Bellingham Medical Center. This three-story medical office property containing approximately 28,949 SF is located directly across the […]
News Release: SkySong 3 Building Awarded Prestigious LEED Silver Certification
Coveted Environmental Design Honor Goes to Newest SkySong Building SCOTTSDALE, Arizona (September 30, 2014) — SkySong 3 has officially gone “green.” The four-story, 145,000-square-foot office and research building at the intersection of SkySong Boulevard and Innovation Place has achieved Silver LEED certification from the U.S. Green Building Council for its sustainable design and construction. LEED—Leadership […]
News Release: RJM Construction building Allina Health Champlin Clinic
MINNEAPOLIS (Sept. 29, 2014) — RJM Construction, a Minneapolis-based general contractor, recently broke ground on a new 26,500-sq.-ft. clinic in Champlin for Allina Health Champlin Clinic. Located next to the existing clinic at 11269 Jefferson Highway, the single-story structure will be 11,100 sq. ft. larger and feature a steel frame and veneer masonry exterior. The […]
News Release: McCarthy Building Companies Awarded Two Saint Luke’s East Projects
Leawood, KAN. (Sept. 26, 2014) – McCarthy Building Companies’ Kansas City office, opened in May 2013, has been awarded its first local healthcare construction projects. With this win, the local office manages projects totaling more than $900 million. Saint Luke’s East Hospital recently selected McCarthy for construction of an MRI room, which will accommodate a […]
News Release: Building Affordable Housing in High-Priced Markets Panel, Jamie Dimon to Speak at ULI Event in NYC
GET THE LATEST TRENDS, INSIGHTS AND INDUSTRY FORECASTS AT THE URBAN LAND INSTITUTE’S FALL MEETING OCTOBER 21-23 IN NEW YORK CITY Rethinking the how, what and where of urban development will be the focus of the Urban Land Institute’s upcoming Fall Meeting, set for October 21-23, 2014 at the Javits Center in New York City. […]
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Archives: September 2014
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Cover Story: ARC II lands big deal from Pa. system
Non-traded REIT paying $174.1 million for eight-building PinnacleHealth portfolio By John B. Mugford As health systems continue to face financial pressures and myriad other demands in the era of healthcare reform, many real estate professionals expect at least some of them to tap the capital locked into their property holdings. It’s not that the leading […]
Transactions: CNL to land portfolio for $238 million
REIT agrees to buy 13 MOBs from pioneering MOB developer Meadows & Ohly By John B. Mugford One of the Southeast’s most prolific medical office building (MOB) developers during the past four decades will soon cash in on the market’s historically high pricing. Atlanta-based Meadows & Ohly LLC, which has developed more than 60 MOBs […]
Transactions: The Broe Group buys troubled D.C.-area office, plans to convert it to MOB
ROCKVILLE, Md. – Denver-based the Broe Group recently paid $16 million for a 120,000 square foot general office building in Rockville, Md., that it intends to convert to an MOB. The company has renamed the facility the Shady Grove Medical Pavilion, which is listed by RCA as a “troubled situation” property, as it has an […]
Hot Property: Oregon asset offers rare opportunity
MOB next to PeaceHealth hospital in Springfield has “all the bells and whistles” Name: Northwest Specialty Clinics at RiverBend Address: 3355 RiverBend Drive City: Springfield, Ore. Total square footage: 125,000 Occupancy: 100% Seller: LLC of physicians Brokers: Mindy Berman, Daniel Turley, Steven Leathers Brokerage firm: Jones Lang LaSalle SPRINGFIELD, Ore. – Sure, the largest and […]
Outpatient Projects: Trammell Crow going big in D.C.
Healthcare facilities could total about 1 million square feet amid mixed uses By John B. Mugford When it comes to high barrier-to-entry markets for new healthcare facilities, Washington, D.C., ranks right up near the top, if not at the top. As is the case with a number of densely packed East Coast cities in which […]
