Outpatient Projects: OSU’s Wexner Med Center plans 100,000 s.f. MOB in Columbus, Ohio, suburb
UPPER ARLINGTON, Ohio – Ohio State University’s Wexner Medical Center recently announced plans for a future 100,000 square foot MOB at the Kingsdale Shopping Center in Upper Arlington, about eight miles northwest of Columbus.
Outpatient Projects: Upstate New York’s Orange Regional issuing $75 million in bonds for new facilities
MIDDLETOWN, N.Y. – The New York State Dormitory Authority recently approved Orange Regional Medical Center’s plan to issue up to $75 million in bonds that would finance development of a five-story, 153,000 square foot MOB and a single-story, 26,000 square foot cancer center.
Outpatient Projects: A duet of projects in Nashville, Tenn.
Healthcare Realty Trust is spending $47.8M on MOB expansion, adjacent garage By Connie M. McCaffrey Healthcare Realty Trust (NYSE: HR) has found a nice project to work on in its own backyard in Nashville, Tenn.
Inpatient Projects: More Inpatient Real Estate Project News
Officials at Ivinson Memorial Hospital in Laramie, Wyo., are considering an expansion that could include an internal medicine building, the Jeannie Ray Cancer Center, additional parking areas and space for University of Wyoming Medical School students. Officials say the internal medicine building is particularly needed to retain physicians and recruit new ones. The board of […]
Inpatient Projects: Bryn Mawr (Pa.) Hospital starting $200 million, 203,000 s.f. renovation
BRYN MAWR, Pa. – Bryn Mawr Hospital, part of Main Line Health, is starting a $200 million, five-story, 203,000 square foot modernization of its hospital, the most significant improvement ever implemented on the 120-year-old facility.
Inpatient Projects: Texas Children’s Hospital, FKP Architects announce $506 million expansion
HOUSTON – Texas Children’s Hospital and the Houston office of FKP Architects say they plan to begin a $506 million expansion of the hospital, adding a 19-story, 640,000 square foot pediatric tower on top of the existing six-story tower at 6621 Fannin St. in Houston.
Inpatient Projects: Ohio system starting $700M plan
Mount Carmel Health System in Columbus plans to work on three campuses By Connie McCaffery Mount Carmel Health System is embarking on an ambitious, $700 million plan to revamp the way, and locations, in which it delivers medical services in its hometown of Columbus, Ohio.
HREInsights.com: Don’t see your deal? Check online!
Some transactions that don’t make it into print can be found at HREInsights.com As noted elsewhere in this edition of Healthcare Real Estate Insights™, healthcare real estate (HRE) deal volume is exploding. That’s obviously a good thing for the HRE sector — and for HREI™. No one wants to go back to the dark days […]
Post Acute & Senior Living: More Post-Acute & Senior Living Project News
Walker & Dunlop (NYSE: WD), a Bethesda, Md.-based commercial real estate finance firm, announced that it has made a one-year, $11 million acquisition bridge loan for Fort Myers, Fla.-based Campo Felice Riverfront Housing. Plans call for the loan to be used to convert a vacant hotel into a 323-unit independent living facility. The MacFarlane Group […]
Post Acute & Senior Living: HFF brokers sale of multi-state senior housing portfolio and Utah ALF
DALLAS – The Dallas office of HFF (Holliday Fenoglio Fowler LP) announced that it has closed the sale of a multi-state, 14-property seniors housing portfolio. In a separate transaction, it also brokered the sale of a senior community in Provo, Utah.
Post Acute & Senior Living: Ventas pulls trigger on its announced SNF spin-off, creating new REIT
CHICAGO – Ventas Inc. (NYSE: VTR) recently acted upon its previously announced plan to create a new spin-off entity, a skilled nursing facility (SNF) REIT. According to a Form 10 registration statement filing with the SEC, the new entity is known as Care Capital Properties Inc. (CCP), a publicly traded REIT. The new company holds […]
Transactions: RREEF affiliate acquires Mass General-anchored MOB for $123.3 million
BOSTON – A 10-story, 193,230 square foot MOB on the campus of Massachusetts General Hospital in Boston has been sold for $123.3 million, or about $638 PSF.
Industry Pulse: Crowdfunding is being used to raise funds to invest in medical office buildings (MOBs). iStock
Crowdfunding website raises funds to invest in U.S. MOBs You’ve probably heard of “crowdfunding” or “crowdsourcing.” That’s when someone funds a venture by raising small amounts of money – often just a few dollars per person – from many investors, usually online. Kickstarter and similar websites have raised funds for everything from business startups to […]
Transactions: Norvin closes $66M deal in New York
NYU to repurpose Long Island City industrial building for ambulatory care facility By John B. Mugford An affiliate of the New York-based real estate private equity firm Norvin Healthcare Properties has acquired a two-story, 45,000 square foot property in one of New York’s hottest neighborhoods in a transaction valued at about $66 million, or $1,467 […]
Post Acute & Senior Living: Prudential Real Estate Investors tops expectations with $629M capital raise
MADISON, N.J. – Madison-based Prudential Real Estate Investors (PREI), a division of Prudential Financial Inc. (NYSE: PRU), recently closed a $629 million comingled fund, its fifth and largest such fund. The company says it is investing the capital in three popular types of senior housing: memory care, assisted living and senior apartments.