Winner: Best Inpatient Facility
Baptist hospital meets growing need Duke Realty-developed rehab facility a cost-effective, collaborative solution Facility name: Baptist Memorial Rehabilitation Hospital Address, City, State: 1240 Germantown Road, Germantown, Tenn. Client: Baptist Memorial Health Care Corp. and Centerre Healthcare Corp. Product type: 49-bed rehab hospital Number of stories: 2 Square footage: 53,293 Site acreage: 6.16 Parking: 123 parking spaces Construction start date: October 2013 Constr. complete date: September […]
Winner: Best Post-Acute/Senior Living
Prevarian project hits the beach Developer seizes opportunity for senior community in desirable Florida location Facility name: Beach House Assisted Living and Memory Care Address, City, State: 1315 2nd Ave., N., Jacksonville Beach, Fla. Client: PSL JAX Beach House, LP Product type: Senior Living Facility Number of stories: 3 Square footage: 70,962 Site acreage: 1.51 […]
Transactions: Harrison St. lands big Chicago deal
Equity investor pays $63.2 million for leasehold interest in building at Rush By John B. Mugford Harrison Street Real Estate Capital continues to find success in raising equity, as it recently topped the $1 billion mark for its fifth investment fund. It’s not doing too badly in placing that equity, either, focusing on investing in […]
Transactions: JV of Plaza Cos., USAA sells large, on-campus MOB in Phoenix for $28.3 million
PHOENIX — A joint venture of Peoria, Ariz.-based Plaza Cos. and San Antonio-based USAA Real Estate Co. recently sold what is being called a “signature” medical office building (MOB) in Phoenix for $28.3 million. The buyer of the five-story, 104,000 square foot Paradise Valley Medical Plaza is New York-based American Realty Capital (ARC) Healthcare Trust […]
Transactions: New player pays $19.9M for portfolio in Mid-Cities area of Dallas-Ft. Worth metro
ARLINGTON, Texas – A relatively new player in the MOB sector, one that acquires a variety of commercial real properties for 1031 exchange investors, is making some headway into the healthcare arena. This new player, Richmond, Va.-based Capital Square Realty Advisors LLC, led by founder and well-known commercial real estate attorney Louis J. Rogers, recently […]
Hot Property: Surgery center is in growing Abilene
Economy, demographics are strong in West Central Texas city and facility Name: Abilene Doctors Hospital and Surgical Center Number of buildings: 1 Floors: 1 Lot size: 10 acres Address: 5602 Health Center Blvd. City: Abilene, Texas Square footage: 40,633 Leased: 0% Year completed: 2005 Broker: Beth Young Brokerage: Colliers International, Houston
Outpatient Projects: PMB competes Los Alamitos MOB
New parking structure facilitates construction of $37 million, 70,000 s.f. facility By Murray W. Wolf Pacific Medical Buildings (PMB) recently completed a $37 million, three-story, 70,000 square foot multi-tenant medical office building (MOB) and a six-level parking structure on the campus of Los Alamitos Medical Center (LAMC) in Los Alamitos, Calif. Construction began in July […]
Outpatient Projects: Frauenshuh completes care center
New 133,000 square foot facility is part of a Minneapolis area hospital expansion By Murray W. Wolf Frauenshuh Health Care Real Estate Solutions recently completed construction of the four-story, 133,000 square foot Fairview Ridges Specialty Care Center on the campus of Fairview Ridges Hospital in Burnsville, a south Minneapolis suburb.
Outpatient Projects: More Outpatient Real Estate Project News
The Davis Group, a prolific Minnesota MOB developer, is moving forward with a new project in the bustling western Minneapolis suburb of Wayzata. There, the Minneapolis-based firm has submitted a plan to the city that calls for demolishing a 31-year-old medical building at 1120 E. Wayzata Blvd., in the heart of a commercial shopping and […]
Inpatient Projects: $1.5 billion UCSF hospital opens
Mission Bay campus focusses on women, children, cancer; tech playing a big role By John B. Mugford The new $1.5 billion University of California at San Francisco (UCSF) Medical Center at Mission Bay is now up and running, and it’s getting plenty of help and heavy lifting from some non-humans working on the campus.
Inpatient Projects: Carolinas Health still fighting Piedmont’s CON for South Carolina hospital
FORT MILL, S.C. – Even with a recent approval in hand from an administrative law court, Rock Hill, S.C.-based Piedmont Medical Center might not be starting construction as soon as it would like on its planned $147 million hospital in Fort Mill, about 20 miles south of Charlotte, N.C. That’s because Charlotte-based Carolinas HealthCare system […]
Inpatient Projects: More Inpatient Real Estate Project News
■ The University of Iowa is in the process of raising funds for a new $292 million, 480,000 square foot pediatric hospital. The 14-story building will be connected to the existing hospital in Iowa City. The university is funding the project through bonds, patient revenue and private gifts. The project is expected to be completed […]
Editor’s Letter: Something for everyone
There are many ways to invest in the HRE sector Dear Reader: We are pleased to bring you this month’s cover story, “Non-traded healthcare REITs seek deals amid flood of capital.” We consider that article to be the complement and counterpoint to last month’s cover story on publicly traded healthcare real estate investment trusts (REITs), […]
Industry Pulse: Florida Providers Plan To Attempt “Coopetition”
Two rival Tampa, Fla., area systems plan to partner on a new outpatient center and more. We’ve been hearing a lot about hospital and health system mergers and acquisitions in recent years. But two rival systems in the Tampa, Fla., area are trying “coopetition,” joining forces to battle bigger competitors with a not-for-profit joint venture […]
Industry Pulse: REITs own less than 10%? Not so fast…
Public REITs might own closer to 13 percent, one reader says. In our December Publisher’s Letter, HREI™ Publisher Murray W. Wolf estimated that the publicly traded healthcare real estate investment trusts (REITs) probably own less than 10 percent of all healthcare real estate (HRE) based on their combined market capitalization of $92.9 billion (as of […]
