Hot Property: 95% leased MOB in heart of Fort Worth
Midtown Medical Office Building is at ‘gateway’ to the city’s healthcare corridor Name: Midtown Medical Address: 900 Jerome St. City: Fort Worth, Texas Total leasable square feet: 57,905 Number of floors: 4 Occupancy: 95% Year built: 2013 Avg. lease term: 6.95 years In-Place NOI: $1.193 million Parking ratio: 4.3/1,000 square feet Brokerage: Stan Johnson Co. […]
Transactions: Griffin-American III lands pair of MOBs from developer in affluent Chicago suburb
NAPERVILLE, Ill. – Irvine, Calif.-based Griffin-American Healthcare REIT III, which in 2015 terminated its public offering of stock after raising more than $1.8 billion, recently acquired a two-building portfolio of MOBs in Naperville, Ill., an affluent suburb of Chicago.
Transactions: Urology center in Denver trades for $35.15 million, for a record $624 PSF
DENVER – Olympus Ventures, which in fall 2014 paid what was believed to be the highest price per square foot (PSF) ever for a Colorado MOB, appears to have topped its own record.
Transactions: Flagship Healthcare fund buys building in Tennessee to close out its first fund
KNOXVILLE, Tenn. – Charlotte, N.C.-based Flagship Healthcare Real Estate Fund recently made its 14th and final acquisition in its first private equity fund, according to Brannen Edge, president of Brackett Flagship Properties, which started the private equity fund.
Transactions: Greenlaw-UBS JV acquires suburban Los Angeles MOB from Ventas for $34.5 million
LAGUNA HILLS, Calif. – Greenlaw Partners LLC and UBS Realty Investors LLC, a joint venture partnership, recently acquired the Saddleback Medical Center in Laguna Hills.
Transactions: CNL pays $54.8 million for MOB complex near Las Vegas; Fairfield brokers deal
HENDERSON, Nev. – A Las Vegas-based development firm that specializes in shopping centers delved into healthcare real estate back in 2006, completing the three-building, 139,222 square foot Siena Heights Medical Pavilion across the street from a major hospital in Henderson. The company, Siena Heights Holding Co., recently took advantage of strong HRE market pricing, selling […]
Outpatient Projects: Duke starts MOB in Oxford, Miss.
78,000 square foot facility slated for replacement campus in a growing market By John B. Mugford Population growth coupled with a lack of medical office space is driving a new outpatient project at a future replacement hospital campus in Oxford, Miss., about 80 miles south of Memphis, Tenn.
Outpatient Projects: Ryan Cos. US developing two suburban clinics for Children’s in Wisconsin
MILWAUKEE – As Children’s Hospital of Wisconsin continues to expand its presence in the Milwaukee suburbs, Minneapolis-based Ryan Companies US Inc. is gaining plenty of development work from the two-hospital, multiple-location system.
Outpatient Projects: HR Trust moving forward with MOB in the hot Pill Hill market of Seattle
SEATTLE – Publicly traded, Nashville, Tenn.-based Healthcare Realty Trust (NYSE: HR) is best-known as a buyer and owner of MOB assets. It is, quite often, however, a developer and co-developer as well.
Outpatient Projects: MOB, as part of larger project, planned for ritzy Buckhead area in Atlanta
ATLANTA – In a city where not much medical office space has been developed in recent years, Atlanta-based The Loudermilk Cos. recently announced that it plans to break ground on four redevelopment projects, including an MOB, in a two-block area in the heart of the affluent Buckhead area of the city.
Inpatient Projects: HCA’s new hospital in Virginia has room, plans to double bed count
DULLES, Va. – Even though the brand new, $186 million StoneSprings Hospital Center in Loudoun County, Va., has 124 beds and 234,000 square feet of space, officials with its parent organization, HCA Holdings, have plans to expand the campus.
Inpatient Projects: Methodist Healthcare has plans for $330 million of expansions in Memphis
MEMPHIS, Tenn. – Memphis-based Methodist Le Bonheur Healthcare is moving forward with two major expansion projects totaling about $330 million in its hometown, one at its flagship hospital and one at its children’s facility.
Inpatient Projects: Four small hospitals coming to Vegas
Neighborhood hospitals will have eight beds and emphasize emergency care By John B. Mugford Even though the new healthcare delivery model puts less of an impact on providing inpatient care, a pair of healthcare providers are teaming up to bring four new hospitals to growing areas of Greater Las Vegas that are in need of […]
Inpatient Projects: More Inpatient Real Estate Project News
Trinity Mother Frances Hospitals and Clinics, which operates a 404-bed flagship facility in the heart of Tyler, Texas, recently announced that it plans to move forward with a new, 41,200 square foot inpatient facility with an ED on the south side of the city, which is about 100 miles east of Dallas. The community hospital, […]
Inpatient Projects: Corpus Christi, Texas, health system to expand one hospital and raze another
CORPUS CHRISTI, Texas – Operating two hospitals within a couple of miles of each other just isn’t very efficient, according to officials with Corpus Christi, Texas-based Christus Spohn Health System.