Inpatient Projects: New seismic-conforming replacement hospital opens in Santa Barbara County
GOLETA, Calif. – Santa Barbara, Calif.-based Cottage Health recently opened its new 152,000 square foot, 52-bed replacement hospital in Goleta, a city along the Pacific Coast in Santa Barbara County.
Inpatient Projects: St. Luke’s plans major expansion at campus in Bethlehem Township, Pa.
BETHLEHEM TOWNSHIP, Pa. – When St. Luke’s University Health Network opened its Anderson campus in Bethlehem Township in 2011, the hospital on the site had 72 beds, 15 ED rooms and about 250,000 square feet of total space.
Inpatient Projects: St. Luke’s network also building hospital in growing Monroe County, Pa.
BARTONSVILLE, Pa. – In more news from St. Luke’s University Health Network, the system started construction earlier in 2015 on what will become its seventh hospital in eastern Pennsylvania and western New Jersey.
Inpatient Projects: Virtua system proposes $1 billion replacement campus in New Jersey
WESTAMPTON, N.J. – Marlton, N.J.-based Virtua has proposed a $1 billion replacement facility for one of its four hospitals in the southern half of the state, a large area known as South Jersey.
Inpatient Projects: More Inpatient Real Estate Project News
Florida Hospital Orlando (Fla.) is making room on its campus for house-like structure that will provide what officials are calling a home-away-from-home for families of transplant patients. The hospital announced that the future Bartch Transplant House should be open by summer 2016. The three-story, 21,000 square foot structure will have 24 rooms, a porch, kitchen, […]
Post-Acute & Senior Living: Developer plans $250M CCRC as part of mixed-use plan in San Luis Obispo, Calif.
SAN LUIS OBISPO, Calif. – San Luis Obispo-based general contracting firm John Madonna Construction Co. is proposing a $250 million, 342-unit CCRC in the area.
Capital Markets: MOB bridge loans provide flexibility
Shorter-term bridge lending options are an important borrower consideration By Erik Tellefson Bridge loans, as defined for this article, are typically shorter-term (three years or less) financing instruments that allow for a particular borrower or asset event to occur prior to a sale or more normalized financing.
Post-Acute & Senior Living: More Post-Acute & Senior Living News
ARCO Construction Co. Inc. broke ground Aug. 20 for Oak Pointe of Carthage, a new $7.4 million, 37,000 square foot senior living community at 300 W. Airport Road in Carthage, Mo. The project, which is set to be completed in May 2016, is being developed for ClearPath Senior Holdings, a developer of private-pay senior living […]
Post-Acute & Senior Living: Seniority Inc., Zenith Capital plan to develop $23.5 million, community near Seattle
COVINGTON, Wash. – Seniority Inc. and Zenith Capital announced plans Sept. 3 to develop a $23.5 million, 98-unit assisted living and memory care community on about 3 acres at 17006 S.E. Wax Road in Covington, about 30 miles southeast of Seattle.
Industry Pulse: On the Record – Tim Delgado
What is one of the big issues facing the healthcare real estate sector?
Post-Acute & Senior Living: Immanuel Lutheran plans expanded and new senior projects in Kalispell, Mont.
KALISPELL, Mont. – Immanuel Lutheran Communities plans to expand and redevelop an existing senior living community and to develop a new one, both in Kalispell, a northwestern Montana community of about 21,000.
Post-Acute & Senior Living: Ryan Companies completes Illinois project and plans to start another in Indiana
LISLE, Ill., and SCHERERVILLE, Ind. – Ryan Companies US Inc. recently completed on senior living community in suburban Chicago and announced plans for another in northwest Indiana.
Post-Acute & Senior Living: Masonic Homes of Kentucky plans major campus expansion in Louisville
LOUISVILLE, Ky. – Masonic Homes of Kentucky is planning two projects that would add a total of 200 residences on its 82-acre campus off Frankfort Avenue in eastern Louisville.
Post-Acute & Senior Living: Oahu CCRC tower to open in March
Work continues on $75 million, 17-story Kalakaua Gardens senior living high-rise By Murray W. Wolf A property once envisioned as home to a mid-priced residential condominium project in the beachfront neighborhood of Waikiki on Hawaii’s Oahu Island is on its way to becoming the site of a continuing care retirement community (CCRC).
Publisher’s Letter: Is development back?
The HRE construction market seems very active Dear Reader: This month’s cover story poses the question “Is development back?” In other words, has healthcare real estate (HRE) construction activity returned to the levels of the heady days of 2006-08?
