Outpatient Projects: MedCraft developing $13.5 million MOB as part of future campus in Howell, Mich.
HOWELL, Mich. – Minneapolis-based MedCraft Healthcare Real Estate, formerly Frauenshuh, recently broke ground on its fourth new project in 2016.
Inpatient Projects: New San Francisco General Hospital opens bearing the name of Facebook CEO and his wife
SAN FRANCISCO – The new Priscilla Chan and Mark Zuckerberg San Francisco General Hospital and Trauma Center is complete, as more than 160 patients were recently moved from the old facility to the new one via a pedestrian bridge.
Inpatient Projects: Two-tower, 460,000 s.f. expansion planned for Dixie Regional Medical Center in St. George, Utah
ST. GEORGE, Utah – Plans for a 406,000 square foot expansion project at Dixie Regional Medical Center in St. George were recently unveiled.
Inpatient Projects: HCA investing big money in Florida
For-profit plans to spend $650 million in southeast Florida over three years By Erin E. Porter HCA East Florida, a division of Nashville, Tenn.-based Hospital Corporation of America (NYSE: HCA), is making quite an investment in its facilities in coming years.
Inpatient Projects: Tomah (Wis.) Memorial plans $72 million replacement campus with MOB, wellness facility
TOMAH, Wis. – Tomah Memorial Hospital is asking for the public’s input to help determine what services should be offered at a $72 million replacement hospital planned for the city’s south side.
Inpatient Projects: Golisano Children’s Hospital in Rochester, N.Y., expansion receives generous donations
ROCHESTER, N.Y. – Golisano Children’s Hospital in Rochester says it is benefitting greatly from two sizable donations toward the second phase of expansions in the pediatric cardiology and surgery units.
Post-Acute & Senior Living: Presbyterian Homes begins $70 million expansion of The Moorings in Arlington Heights, Ill.
ARLINGTON HEIGHTS, Ill. – Not-for-profit Presbyterian Homes Community recently began a $70 million expansion of The Moorings of Arlington Heights, which will include a new chapel/fellowship hall, 70 new assisted living apartments and 20 additional assisted living/memory support units.
Industry Pulse: The 3 Busiest Markets? You Might Be Surprised
Columbus, Buffalo and Richmond have the most activity as a percentage of inventory It’s well known that medical office building (MOB) construction is booming in the Sun Belt and the major East and West Coast markets. But the three most active MOB development markets – in terms of new construction being added as a percentage […]
Industry Pulse: HRE challenges are unique in California
Consolidation, rising demand, capital needs are all hot topics At recent healthcare real estate (HRE) conferences in San Francisco and Los Angeles, industry experts said that California is a complicated market – but a good one.
Industry Pulse: On the Record – Nick Dawson
How can a health system predict future healthcare facilities needs?
Post-Acute & Senior Living: La Posada plans 268-unit, $100 million senior living community near Tucson, Ariz.
TUCSON, Ariz. – Non-profit owner/operator La Posada is developing a 50,000 square foot, nearly $100 million senior living community called Nakoma Sky on 79 acres in Tucson.
Post-Acute & Senior Living: Welltower-Hines unveil NYC plans
JV paid $115 million to assemble site of planned 15-story senior and retail project By John B. Mugford Healthcare real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) and real estate investment, development and management firm Hines recently unveiled plans for their previously announced proposed 15-story, 125,000 square foot retail and senior living building in […]
Publisher’s Letter: More M&As ahead
System consolidation unlikely to slow this year Dear Reader: Last year was another record-breaker for healthcare mergers and acquisitions (M&As). Of course, in the healthcare real estate (HRE) business, we are mostly interested in how those M&As affect real estate and facilities. They can be a negative if they result in a reduced demand for […]
REIT Report: HCP plans HCR ManorCare spin-off
Troubled skilled nursing facilities portfolio to become a standalone company By Murray W. Wolf In August 2015, healthcare real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) announced completion of the spin-off of its skilled nursing facility (SNF) portfolio into a publicly traded independent REIT called Care Capital Properties Inc. (NYSE: CCP). Now another healthcare […]
Capital Markets: Parking is an important factor
It plays a key role in determining the value of and ability to finance an MOB By Erik Tellefson Parking is an important factor in determining the value of and ability to finance a medical office building (MOB). While a good location is essential, the lack of parking spaces can cause patients to use other […]