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833 Chestnut is a 12-story, 705,601 square foot office building across the street from Thomas Jefferson University Hospital in the heart of Philadelphia’s Center City district. The portion leased to medical tenants to about 60 percent and rising steadily.
Photo courtesy of HFF

Transactions: Largest single-asset MOB sale ever?

HFF brokers sale of 705,601 s.f. foot Philadelphia building to HCP for $160.5M By John B. Mugford In what looks to be the highest price ever paid in the United States for a single medical office building (MOB), Long Beach, Calif.-based HCP Inc. (NYSE: HCP) has closed on the acquisition of a 12-story facility in […]

Outpatient Projects: More Outpatient Real Estate Project News

Phoenix-based LGE Design Build recently completed a 47,863 square foot, $9.5 million building in Tempe, Ariz., for the Southwest College of Naturopathic Medicine. The two-story Community Commons, is home to classrooms with study areas, exercise spaces and a library expansion four times larger than the previous space. Also included is a 6,100 square foot regenerative pain […]

Outpatient Projects: Trammell Crow finishes MOB on growing hospital campus west of Houston

KATY, Texas – Demand for healthcare services continues to grow at the campus of the 142-bed – and expanding – Memorial Hermann Katy Hospital in the western Houston suburbs.

Outpatient Projects: Pacific Medical Buildings starts 52,000 s.f. medical office in Goleta, Calif.

GOLETA, Calif. – Within a year after a new replacement facility opens for Goleta Valley Cottage Hospital in this Pacific Coast city just north of Santa Barbara, Calif., a new MOB will soon follow.

Developed by Austin, Texas-based Hat Rick Development, the future three-story, 37,000 square foot Medical Towers at Sawyer Ranch is schedule to open in spring 2016 on a 4.5-acre site in Dripping Springs, Texas, outside of Austin.
Rendering courtesy of Hat Trick Development

Outpatient Projects: Growing Texas town to get new MOB

Hat Trick Development helps meet demand for new space in Dripping Springs By John B. Mugford According to a local development firm, the small but growing area in and around Dripping Springs, about 25 miles west of Austin, is in dire need of a multi-tenant medical office building (MOB) space.

Outpatient Projects: Rendina completes work, as project manager, on new cancer center in hometown

JUPITER, Fla. – As the project manager, Rendina Healthcare Real Estate recently completed the new Margaret W. Niedland Breast Center for Jupiter Medical Center.

Outpatient Projects: Shriners Hospitals starts $47M ambulatory center near UK in Lexington, Ky.

LEXINGTON, Ky. – A $47 million ambulatory center for Shriners Hospitals for Children is under construction on the campus of the University of Kentucky (UK), with the facility being built across the street from the UK Albert B. Chandler Hospital and Kentucky Children’s Hospital.

Outpatient Projects: N.Y. developer opens $22 million MOB

Outpatient Projects: N.Y. developer opens $22 million MOB

Simone Healthcare’s new facility in its office park houses large physician group By John B. Mugford Thanks to Simone Healthcare Development, an area once known as the Platinum Mile in Westchester County, N.Y., is quickly turning into the “Medical Mile.”

Outpatient Projects: CHI Creighton Medical Center in Omaha starts work on $35M ambulatory facility

OMAHA, Neb. – Construction started recently on the future CHI Ambulatory Building as part of a new academic complex for Creighton University Medical Center in Omaha.

Outpatient Projects: Anchor Health Properties starts development of pediatrics clinic in N.J.

DEPTFORD TOWNSHIP, N.J. – A future “one-stop shop” for pediatric patients is under construction in Deptford Township, which is in the New Jersey suburbs of Philadelphia.

Outpatient Projects: Christ Hospital opens $50M, two-building complex in northern Cincinnati suburb

MONTGOMERY, Ohio – In today’s healthcare environment, it is vitally important for large, downtown medical institutions to open conveniently located outpatient facilities in the growing suburbs.

Inpatient Projects: Indiana University Health plans to build new hospital on golf driving range

BLOOMINGTON, Ind. – Indiana University (IU) Health announced April 15 that it plans to build a new hospital in Bloomington after striking a deal with Indiana University to build on the college’s golf driving range.

Inpatient Projects: Gulf Coast Medical Center plans to add 275 beds, doubling its size

FORT MEYERS, Fla. – Officials at Fort Meyers, Fla.-based Lee Memorial Health System say they want to add 275 inpatient beds to Gulf Coast Medical Center, which is also located in Fort Meyers. Although the system has yet to disclose the cost of the project, it would nearly double the size of the hospital.

The proposed $645 million, 231-bed Prince George’s Regional Medical Center would be built in Largo, Md.; it would replace the 75-year-old Prince George’s Hospital Center in Cheverly, Md., about six miles away.
Rendering courtesy of Dimensions Healthcare System

Inpatient Projects: Maryland hospital closer to reality

CON process begins on $645M replacement for Prince George’s Hospital Center By Connie M. McCaffrey A much-anticipated replacement hospital project proposed for Largo, Md., just outside of Washington, moved a step closer to reality in recent weeks.

Inpatient Projects: Boston Children’s chooses architect for 11-story tower in Longwood Medical Area

BOSTON – Boston Children’s Hospital is moving forward with plans for the largest construction project in its storied, 146-year history.