Archives by date

You are browsing the site archives by date.

September 2014 PDF

To prevent unauthorized use of our Federally copyrighted content, Healthcare Real Estate Insights™ now uses a three-step process to unlock access to the PDF versions of the Current Editions and Archives:

Archives: September 2014

Archives: September 2014

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) Digital flipbook (COMING SOON!) 2014 Archives 2013 Archives

The Frederickson Outpatient Center, a 69,437 square foot on-campus facility in Mechanicsburg, Pa., is part of ARC Healthcare Trust II’s recent and ongoing purchase from PinnacleHealth.
(Photo courtesy of H2C)

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 […]

The Spivey Station outpatient center in Jonesboro, Ga., is part of a nine-property, 13-building, 907,291 square feet, portfolio that CNL Healthcare Trust has agreed to purchase from Atlanta-based Meadows & Ohly for $238 million
(Photo courtesy of CDH Partners Inc.)

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 […]

The Northwest Specialty Clinics at RiverBend building in Springfield, Ore., is attached via skybridge to PeaceHealth’s Sacred Heart Medical Center at RiverBend.
(Photo courtesy of Jones Lang LaSalle)

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 […]

Trammell Crow Co.’s healthcare portion of the proposed Vision McMillan mixed-use project in Washington, D.C., could cost as much as $700 million and total about 1 million square feet of space. It would include the building shown above.
(Rendering courtesy of Trammell Crow Co.)

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 […]

Outpatient Projects: Banner Health plans to repurpose strip mall

Outpatient Projects: Banner Health plans to repurpose strip mall

Aging retail center in Mesa, Ariz., to become a 101,881 square foot ‘one-stop’ medical destination By John B. Mugford As the economy sputtered in recent years, the practice of repurposing vacant or underutilized commercial buildings into medical facilities became a hot trend. The trend seems to have slowed a bit these days as much of […]

Outpatient Projects: Big owner of MOBs has plans for another near San Jose hospital

SAN JOSE, Calif. – A local company that owns 19 MOBs in an area adjacent to Good Samaritan Hospital in San Jose is having some difficulty putting up number 20. Samaritan Medical Center, a local firm that is not affiliated with the hospital, has submitted a request to the city for a rezoning of a […]

NexCore Group’s 79,491 square foot Holy Cross Germantown Hospital Medical Office Building (left) is scheduled to open about 10 months after the new 93-bed hospital.
(Rendering courtesy of NexCore Group)

Outpatient Projects: NexCore breaks ground for new MOB

New facility will be on the campus of the Holy Cross Germantown (Md.) Hospital By John B. Mugford Denver-based NexCore Group LLC has broken ground on a 79,491 square foot MOB that it will own on the new Holy Cross Health hospital campus in Germantown, Md., a populous yet unincorporated municipality about 25 miles northeast […]

The current Marquette General Hospital in Marquette, Mich., would be replaced by a new $280 million, 279-bed facility under a plan by owner Duke LifePoint. The project would also include an 80,000 square foot medical office building.
(Photo courtesy of Duke LifePoint)

Inpatient Projects: Site set for U.P. replacement

New $280 million campus planned in Marquette, Mich. By Dan Larson After months of speculation, Duke LifePoint has zeroed in on a location for its planned $280 million replacement hospital in Marquette, the largest city on Michigan’s Upper Peninsula. The Marquette City Commission recently voted to sell a 37-acre property to the provider for $4 […]

Inpatient Projects: TriStar Centennial finds opposition to its $96.2M joint center in Nashville

NASHVILLE, TENN. – TriStar Centennial Medical Center’s plan for a $96.2 million expansion hasn’t gone unnoticed, most notably by a competing hospital in Nashville. While TriStar Centennial, part of Nashville-based HCA Holdings Inc., recently submitted an application for a Certificate of Need (CON) to the Tennessee Health Services and Development Agency, competitor Saint Thomas Midtown […]

Inpatient Projects: Alabama county seeks state approval for a $58.4 million replacement hospital

CLANTON, Ala. – After two years of planning, Chilton County in Central Alabama is making strides toward getting a new, desperately needed hospital. The Chilton County Healthcare Authority recently submitted a Certificate of Need (CON) to the state for a new 30-bed, $58.4 million hospital. The proposed facility would fill a dire need in the […]

Caddis recently acquired the 81,627 square foot Gwinnett Medical Building in Lawrenceville, Ga., for a reported $11.1 million.
(Photo courtesy of Caddis)

Industry Pulse: Caddis Shortens Name, Acquires On-Campus MOB

Dallas-based Caddis Partners LLC has officially shortened its name to simply Caddis. “We’re not the same firm we were when we started in 2008,” says Caddis CEO Jason Signor. “We’ve grown considerably not only in terms of employees, but in geographic reach, assets under management and into new healthcare product types.”

Hammes recently acquired this off-campus MOB for a reported $10 million.
(Photo courtesy of Providence Health & Services)

Industry Pulse: Hammes Heads West for MOB Acquisition

Midwestern company acquires asset as it gears up new fund Brookfield, Wis.-based Hammes Co., a well-known as a healthcare development and advisory firm, recently acquired a medical office building (MOB) near Olympia, Wash., for $10 million, according to data from RCA. The asset, a 27,495 square foot facility at 2555 Marvin Road N.E. in Lacey, […]