Feature Story: HREI Insights Awards Winner – Head and shoulders above the rest
Well-known Erik Tellefson named Healthcare Real Estate Executive of the Year By Murray W. Wolf At 6’ 6”, Erik Tellefson was a towering presence for his college football teams in the mid-1990s. Today, he remains so on a different playing field, healthcare real estate (HRE), selected by his peers as the HRE Executive of the […]
Feature Story: HREI Insights Awards Winner – Best New MOB (25,000-49,999 S.F.)
New rural clinic brings health, hope The Keith Corporation’s financing and design expertise makes dream possible Facility name: Mission Health – Mauzy-Phillips Medical Center at BRRH Address, City, State: 125 Hospital Drive, Spruce Pine, N.C. Client (owner or tenant): Blue Ridge Regional Hospital (BRRH)/Mission Health Product type: MOB/rural health clinic Number of stories: 2 Square footage: 30,000 Site acreage: 3 Parking: 150 […]
Feature Story: 2015 HREI Insights Awards Winner: Best New MOB (50,000-99,999 S.F.)
Persistence, cooperation win in Minn. The Davis Group overcomes challenges to bring MOB to suburban Minneapolis Facility name: Minnetonka Medical Center Address, City, State: 15450 State Highway 7, Minnetonka, MN Client (owner or tenant): North Memorial Product type: Medical office building Number of stories: 2 Square footage: 63,500 Site acreage: 5.5 Parking: 285 surface spaces Construction start date: October 2013 Construction […]
Feature Story: 2015 HREI Insights Awards Winner: Best New MOB (100,000 S.F. or More)
It all came together in Buffalo, N.Y. New Conventus MOB provides important link to other healthcare facilities Facility name: Conventus Address, City, State: 1001 Main St., Buffalo, N.Y. Client: Conventus Partners LLC Product type: MOB Number of stories: 7 Square footage: 350,000 Site acreage: 2 Parking: 318 underground spaces Construction start date: February 2013 (site remediation) Construction complete […]
Feature Story: 2015 Insights Awards™ Finalists
Third year of HRE awards program attracts a record number of entries 1. Best New Medical Office Buildings and Other Outpatient Facilities (Less than 25,000 square feet) Fleisher Smyth Brokaw LLC Cherry Hills Medical Plaza, Englewood, Colo. GE Aviation GE Family Wellness Center, Evendale, Ohio The Keith Corporation Boca Raton Reg’l Hospital Outpatient Center Deerfield […]
Feature Story: 2015 HREI Insights Awards Winner – Best Inpatient Facility
Parkland overcame many challenges The 2.5 million square foot hospital is the largest built in a single phase Facility name: Parkland Address, City, State: 5201 Harry Hines Blvd., Dallas Client: Parkland Health & Hospital System (PHHS) Product type: Hospital Number of stories: 17 Square footage: 2.5 million Site acreage: 64 Construction start date: October 2010 Construction complete date: Aug. 2015 Cost: $1.3 billion […]
Feature Story: Winners came from coast to coast
2015 HREI Insights AwardsTM top projects and people spanned the United States It was just a coincidence, but in 2014 there was a distinctly Southern flavor to the HREI Insights Awards™. Six of the seven award-winning projects, plus the Lifetime Achievement Award, all went to projects and people from the southern United States.
Feature Story: HREI Insights Awards Winner – HRE pioneer Jim Meadows recognized
He was one of the first to see the opportunity in the healthcare real estate sector By Murray W. Wolf The 2015 Healthcare Real Estate Insights™ Lifetime Achievement Award Winner, James O. “Jim” Meadows, 73, is truly one of the pioneers of the healthcare real estate (HRE) world. “When Jim led the first medical office […]
Transactions: More Healthcare Real Estate Transactions
Wealth Migrate Medical 3 Holdings LLC, part of crowdfunding investment firm Wealth Migrate, which has nine offices worldwide, including one in Atlanta, recently acquired the Swan Building MOB in Alpharetta, Ga. The investor paid $8.5 million for the 44,893 square foot building at 4165 Old Milton Parkway, or $189 PSF. The seller was Alpharetta Aesthetics […]
Transactions: MOB sets PSF price record in Seattle
Heitman, NexCore JV acquires First Hill Medical Pavilion for $884 per square foot By John B. Mugford Leave it to healthcare real estate (HRE), which has been on a record-setting ride when it comes to facility sales in recent years, to generate the highest price per square foot (PSF) ever paid for a commercial office […]
Transactions: Sale of Fort Wayne MOBs
In more news from Fairfield Advisors, the firm also recently represented the seller, an ophthalmology group, in the sale of a two-building MOB portfolio in Fort Wayne, Ind.
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.