Transactions: New York’s Mount Sinai Health System sells MOBs for $111.5M; buyer plans luxury residences
NEW YORK – The buyer of one of the priciest medical office building (MOB) deals in recent months has no history in the MOB arena, nor does it look to be entering the space.
Transactions: G-A REIT III makes a number of MOB and senior housing buys
IRVINE, Calif. – In more news from Irvine-based American Healthcare Investors and Los Angeles-based Griffin Capital Corp., another REIT that they co-sponsor, Griffin-American Healthcare REIT III (G-A REIT III), recently made a number of purchases to end the second quarter (Q2) of 2016.
Outpatient Projects: Davis starts new Minnesota project
Prolific Twin Cities healthcare developer has nearby hospital as anchor tenant By John B. Mugford As health systems do their best to expand their reach into new markets these days, perhaps they shouldn’t forget about defending their home turf as well.
Outpatient Projects: Ryan Cos. US to develop new 40,000 square foot MOB in suburb north of Minneapolis
BROOKLYN PARK, Minn. – Minneapolis-based Ryan Companies US Inc. plans to develop, build and manage a 40,000 square foot MOB in the 610 Zane Business Park in Brooklyn Park, a suburb of Minneapolis.
Outpatient Projects: Developer moving forward with MOB near massive mixed-use project in Superior, Colo.
SUPERIOR, Colo. – Plans are progressing for the development of a 62,006 square foot multi-tenant MOB in Superior, a city of 13,000 people about 8 miles southeast of Boulder, Colo.
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?
