Transactions: Bye, bye, bio. Hello, more healthcare.
Health Care REIT plans to sell its life sciences holdings and reinvest in HRE By Murray W. Wolf In today’s low interest rate environment, it can be difficult to find moderate-risk investments that will deliver double-digit returns. But Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN) appears to have done just that with its investment […]
Hot Property: California MOB is anchored by Kaiser
Also available is an adjacent parcel already entitled for another 60,000 s.f. facility Name: Park Place Medical Address: 1761 N. Broadway St. City: Vallejo, Calif. Building size: two stories, 57,704 s.f. Lots size: 3.2 acres, plus adjacent 4-acre parcel available separately Leased: 94% Anchor tenant: Kaiser Permanente Avg. remaining lease: 6.1 years Year completed: 1990 […]
Transactions: Dallas-based partnership acquires 116,875 square foot multi-tenant medical office
DALLAS – A local partnership recently acquired the two-story, 116,875 square foot Northpoint Medical Arts building, a multi-tenant MOB in Dallas for an undisclosed price.
Transactions: MBRE fund makes $131M MOB buy
Chicago-based firm acquires nine-building, 401,428 square foot IBJI Portfolio By Murray W. Wolf Executives of the Chicago-based healthcare real estate (HRE) firm MBRE Healthcare say they are always on the lookout for investment opportunities. But they point out that they have properties in 23 states and it’s not necessarily their strategic priority to add assets […]
Outpatient Projects: More Outpatient Real Estate Project News
Ground was recently broken for the future $33 million, four-story Phelps County Regional Medical Center that will house the Delbert Day Cancer Institute in Rolla, Mo. The new medical center will house all of the hospital’s cancer research and treatment services under one roof. The facility, which is expected to open in the fall of […]
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.