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 […]
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.
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.
Inpatient Projects: West Virginia hospital breaks ground with the help of $31.8M USDA loan
MADISON, W.Va. – Boone Memorial Hospital CEO Tommy Mullins finally got the groundbreaking ceremony he wanted. After 12 years of waiting and planning, construction has officially started on the hospital’s new replacement facility in Madison, a rural town about 25 miles south of Charleston, W.V.
Inpatient Projects: Covenant Health announces a $40 million expansion in Plainview, Texas
PLAINVIEW, Texas — Covenant Health has announced a $40 million expansion and remodeling project for its campus in Plainview, a small Texas town about 75 miles south of Amarillo. The project will revamp every aspect of the hospital by expanding the operating rooms, remodeling the patient rooms, and creating new office space. It is expected […]
Inpatient Projects: UF Health set to build new $125 million hospital in Northside Jacksonville
JACKSONVILLE, Fla. — After an extended legal battle, UF Health has been given final approval to build its planned $125 million hospital in an area known as Northside Jacksonville. The plan for the new hospital was initially approved by the state in 2012, but construction was delayed when Memorial Hospital Jacksonville, part of HCA Holdings […]
Inpatient Projects: Congressman proposes build-lease option to fund new VA hospital in Omaha
OMAHA, Neb. — Plans for a new hospital for the VA Nebraska-Western Iowa Health Care System have been delayed temporarily by the U.S. Department of Veterans Affairs.
Inpatient Projects: More Inpatient Projects News
■ Officials at York, Neb.-based General Hospital recently announced that they are beginning the first phase of a $17 million, multi-year construction and renovation project. The first phase includes 21,000 square feet of new construction and 13,000 square feet of renovations to expand and relocate the Rehabilitation Services Department and Specialty Clinic and construct additional […]