Transactions: ARC Healthcare Trust III buys MOBs in Minnesota, Illinois and Georgia
WOODBURY, Minn. – New York-based ARC Healthcare Trust III Inc. recently went shopping in the suburbs of St. Paul, Minn., and landed a 36,375 square foot MOB for $14.9 million, or $410 PSF.
Outpatient Projects: Meeting demand in Texas town
Duke Realty facility is being developed on a Baylor Scott & White campus By John B. Mugford According to the U.S. Census Bureau, McKinney, Texas, about 35 miles north of Dallas, remained a somewhat small town right up until the mid-1990s. Starting with the new millennium, however, historic McKinney started booming, ranking as the country’s […]
Outpatient Projects: Baylor, St. Luke’s planning $65 million build-outs at its McNair campus in Houston
HOUSTON – The partnership of Baylor College of Medicine and CHI St. Luke’s Health have big development plans for their McNair campus in Houston.
Outpatient Projects: More Outpatient Healthcare Real Estate Project News
Cornerstone Companies Inc. recently broke ground on a new 16,000 square foot MOB next to the Anson planned community in Zionsville, a northwest suburb of Indianapolis. The Indianapolis-based HRE development firm, with locally based Wurster Construction as the general contractor, is building the facility at the entrance to the Stonegate neighborhood. The building will be […]
Outpatient Projects: Triad Properties lines up team for $26 million MOB project outside of Atlanta
ALPHARETTA, Ga. – Huntsville, Ala.,-based Triad Properties Corp. moved forward in recent months with its plan for a new MOB in Alpharetta, north of Atlanta, by selecting members of the development team.
Outpatient Projects: Former Saks space being converted into medical clinic in Minneapolis
MINNEAPOLIS – Robbinsdale, Minn.-based North Memorial Health Care has two hospitals and 15 outpatient clinics in the Twin Cities are of Minneapolis and St. Paul.
Inpatient Projects: $175M hospital on the way in Indiana
Franciscan Alliance proceding with plans for a 70-acre campus in Michigan City By John B. Mugford A new hospital is coming to Michigan City, Ind., as the Franciscan Alliance recently announced that it is moving forward with plans for a campus on a 70-acre site on the outskirts of town. St. Anthony Health-Michigan City is […]
Inpatient Projects: Bethlehem, Pa., hospital getting its first maternity ward as part of $93M project
BETHLEHEM, Pa. – The Lehigh Valley Health Network’s hospital in Bethlehem has served local residents for 54 years.
Inpatient Projects: Plans for replacement move forward in Wisconsin city near Lake Michigan
MARINETTE, Wis. – In recent weeks, Bay Area Medical Center and its partner, Milwaukee-based Aurora Health Care, were looking to “lock in” on a site for a new replacement hospital in Marinette, along the shores of Green Bay and near the state’s border with Michigan’s Upper Peninsula.
Inpatient Projects: Replacement CAH opens in W.Va.; Hammes Company served as project manager
KINGWOOD, W.Va. – With the recent opening of its new replacement hospital in Kingwood, officials with Preston Memorial Hospital were able to finally realize the fulfillment of a “dream” that started with initial planning back in 2007.
Inpatient Projects: Bryn Mawr, Pa., hospital plans $200 million project to replace older buildings
BRYN MAWR, Pa. – Since it opened in 1893, Main Line Health’s hospital in Bryn Mawr outside of Philadelphia has never undergone as big of a project as the one that is now in the works.
Inpatient Projects: Hospital, medical complex planned for former golf course in New Mexico
LAS CRUCES, N.M. – On the east side of Las Cruces, the loss of a local golf course will someday be a gain for area medical consumers. That’s because a new medical complex is slated as the first phase of Park Ridge, a 110-acre mixed-use, multi-phase redevelopment project planned for the site of the now-defunct […]
Post-Acute & Senior Living: Ventas launches SNF spin-off CCP
By Murray W. Wolf Ventas Inc. (NYSE: VTR) announced Aug. 18 that it has completed the previously announced spin-off of most of its post-acute/skilled nursing facilities (SNFs) portfolio into an independent, publicly traded REIT called Care Capital Properties Inc. (NYSE: CCP). CCP is a “pure-play” REIT that Ventas says will primarily own, acquire and lease SNFs operated by […]
Editor’s Letter: M&A remains on a roll
What does this mean for the healthcare real estate? Dear Reader: As all of us know, merger and acquisition (M&A) activity among hospitals and health systems is an ever-growing part of the country’s healthcare landscape.
Post-Acute & Senior Living: HFF closes $195 million sale of five-asset senior portfolio in the Southeast
DALLAS – Holliday Fenoglio Fowler LP (HFF) announced Aug. 10 that it had brokered the $195 million sale of a five-property senior housing portfolio totaling 709 units located in the Southeast.