Inpatient Projects: $339M pavilion started in Bay Area
Washington Hospital in Freemont, Calif., adding three-story, 223,000 s.f. facility By Connie M. McCaffrey With 150 beds, a sparkling new hospital opened in the small Bay Area community of Freemont, Calif., in 1958 to serve a local population of about 18,000 people. Nearly a half century later, the 341-bed Washington Hospital serves an area just […]
Inpatient Projects: $75 million replacement facility to replace hospital in Great Smoky Mountains
CHEROKEE, N.C. – Work has been underway for nearly a year now on a replacement for Cherokee Indian Hospital in Cherokee, a city in the Great Smoky Mountains about 50 miles west of Asheville.
Inpatient Projects: $71 million expansion underway at hospital in Carrollwood, Fla.
CARROLLWOOD, Fla. – A $71 million expansion totaling 116,866 square feet has just begun at the 120-bed Florida Hospital Carrollwood, about 11 miles northwest of Tampa. Hospital officials said the expansion will include
Inpatient Projects: Andrews Hospital completes first phase of construction
ANDREWS, Texas – Community leaders and officials at Permian Regional Medical Center in Andrews recently held a ribbon cutting ceremony to celebrate the completion of the first phase of construction on a new, replacement hospital. Phase one entails a new health and wellness center and a doctors’ clinic. Andrews, home to about 13,000 residents, is […]
Inpatient Projects: Wesley Medical Center in Wichita, Kan., to build $28M children’s hospital
WICHITA, Kan. – Officials at Wesley Medical Center in Wichita recently announced a renovation project for the hospital’s inpatient pediatric areas with the building of a new $28 million children’s hospital on its main campus. The project will include
Inpatient Projects: St. Elizabeth’s Hospital petitions state board to move to O’Fallon, Ill.
BELLEVILLE, Ill. – Officials at St. Elizabeth’s Hospital are again asking the Illinois Health Facilities and Services Review Board for permission to close its 303-bed hospital in Belleville in order to open a replacement hospital about eight miles away in O’Fallon, Ill. The cost of the project would be $300 million, which would include building […]
Inpatient Projects: Work begins on new $35M Boone Memorial Hospital in West Virginia
MADISON, W. Va. — After a 12-year effort, construction started in recent months on a new $35 million replacement for Boone Memorial Hospital in Madison, W. Va., a town of about 3,000 people 30 or so miles south of Charleston, W. Va. The new hospital will replace the current 25-bed Boone Memorial Hospital, a Critical […]
On the Record: Why is there growing demand for outpatient medical facilities?
“As healthcare systems focus on their clinical and operational strategy, they are challenged with how to use and leverage real estate to be more effective… Healthcare systems are shifting care to the lowest-cost setting. This is generating greater demand for clinical space in outpatient and retail settings. These trends are already affecting real estate strategy […]
REIT Report: SNH picking up massive portfolios
Senior Housing Properties Trust paying $1.3 billion for senior assets and MOBs By John B. Mugford In separate deals, Newton, Mass.-based Senior Housing Properties Trust (NYSE: SNH), which already had a portfolio of 370 healthcare properties, recently spent, or entered agreements to spend, more than $1.38 billion on portfolios of seniors housing communities and medical […]
Industry Pulse: RISING MEDICAL SCHOOL NUMBERS COULD BE A BOON
Record medical school numbers could be a boon for the healthcare industry – and HRE. There is good news coming from the nation’s medical schools, where first-year enrollments and the number of graduates are hitting all-time highs.
Industry Pulse: COLLIERS POSITIVE ON MED OFFICE MARKET
New report sees “resurgence” of U.S. medical office market The U.S. medical office market landscape is positive for both owners and occupiers who heed the trends and are willing to commit to the market, according to the “Medical Office Outlook 2015 Highlights” from Colliers International. Some of the key takeaways include:
Post-Acute & Senior Living: Four memory care facilities planned
High demand allows MedProperties Holdings and LaSalle Group to move quickly By John B. Mugford With memory care services experiencing booming demand throughout the country, some real estate firms and investors are moving into the space with new projects. One such partnership involves
Post-Acute & Senior Living: HCN lands 10 Benchmark facilities
Public REIT pays $391 million for assisted living portfolio in New England By John B. Mugford There is no doubt that Toledo, Ohio-based Health Care REIT (NYSE: HCN), is bullish on the seniors housing sector, as the publicly traded real estate investment trust (REIT) continues to rack up acquisitions in the space. Validating this notion […]
Post-Acute & Senior Living: More Post-Acute & Senior Living Project News
■ Birmingham, Ala.-based developer Dominion Partners recently started construction on the
Editor’s Letter: Optimism reigns in HRE
HREI editorial board members foresee a strong ‘15 Dear Reader: The members of the Healthcare Real Estate Insights™ Editorial Advisory Board have been quite optimistic about the healthcare real estate (HRE) sector heading into each of the past three years now. And we’re happy to report that they have been right on with their predictions. […]