News Release: Bull Realty Brokers $5.8 Million Medical Portfolio in Atlanta MSA
ATLANTA (December 28, 2017) —Paul Zeman, President of Healthcare Real Estate Services at Bull Realty, brokered the sale of a portfolio comprised of two medical office buildings located in the Atlanta MSA. The sale closed on December 19th for $5,825,000. The properties, which together total approximately 17,000 SF, are both occupied by Emory Healthcare. “This […]
News Release: McLaren Greater Lansing Announces New Hospital
Published on Thursday, December 28, 2017 LANSING, Mich. McLaren Health Care today announced it will consolidate its two current Lansing hospital facilities into a new $450 million campus adjacent to Michigan State University in South Lansing. Additionally, the health care system and MSU announced they will expand partnerships on research, education, and clinical services. “We […]
News Release: Methodist Health System to build and open Methodist Midlothian Medical Center
Full service hospital will be the first in the growing community Midlothian, Texas, Dec. 28, 2017 /PRNewswire/ — Several months in the making, Methodist Health System is pleased to announce the plan for its eleventh hospital, which will be located in Midlothian. The new facility will be operated in conjunction with the existing Methodist Mansfield Medical Center in order […]
News Release: Welltower Announces Strategic Joint Venture Partner For Sunrise E. 56th Street And Collaboration With Simon
Secures major institutional JV partner for Sunrise East 56th Street Announces innovative outpatient development at a premier shopping and dining destination in Mission Viejo, CA Announces appointment of Mark Shaver, SVP Strategy A message from Tom DeRosa, CEO: “In 2017, took major strides in optimizing its industry leading health care real estate platform. Welltower is committed […]
News Release: Oakland Rehabilitation and Healthcare Center Undergoes $3.5 Million Renovation, Maintains Five-Star Rating Facility Sees Progress Under Tryko Partners/Marquis Health Services Ownership
A $3.5 million renovation at Oakland Rehabilitation and Healthcare Center, and the achievement of a five-star rating in U.S. News and World Report’s 2017 “Best Nursing Homes” signal a dedication to quality services and patient care at the Oakland skilled nursing facility. Tryko Partners in 2015 acquired the 215-bed facility, which is operated by […]
News Release: Healthcare Building Solutions Hires Senior Project Manager
Focus on Project Management Resources to Meet Growth Demands Langhorne, PA – Healthcare Building Solutions (HBS) is pleased to announce that Kiran Shivaramu has joined the firm as Senior Project Manager in the Southern Region. In this role, and working from the firm’s Dallas office, Kiran will focus on managing the design and construction of […]
For Sale: New Medical Investment Opportunity: 100% Occupied | ±10,488 RSF SurgiCenter
32nd Street SurgiCenter Avison Young, as exclusive advisor, is pleased to present the opportunity to acquire the 32nd Street SurgiCenter. This 10,488 square-foot single story SurgiCenter and medical office building is located off of the SR-51 freeway, just south of the Southeast corner […]
Transactions: Meridian acquires MOB in Orange County, Calif.; plans to make $24 million of improvements
LAGUNA HILLS, Calif. – San Ramon, Calif.-based Meridian recently closed on the acquisition of a value-add, 57,057 square foot MOB in Laguna Hills, in Orange County, Calif. Meridian plans to invest more than $24 million into the 74 percent occupied MOB, known as The Laguna.
Inpatient Projects: Scripps going big in San Diego
But system’s $2.6 billion capital plan could be altered by external forces By John B. Mugford Although San Diego-based Scripps Health announced in November that it intends to spend up to $2.6 billion on construction projects system wide through 2030, officials note that the plan could be put in jeopardy by changes beyond the organization’s […]
Transactions: DOC acquires Texas MOB for $30 million
Physicians Realty Trust buys Midland facility occupied by local health system and USPI By John B. Mugford Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently acquired Legends Park, a 64,200 square foot MOB and ambulatory surgery center (ASC) complex in Midland, in West Texas.
Post-Acute & Senior Living: MedCore Partners, Post Acute Medical team up on post-acute facility in Dover, Del.
DOVER, Del. – Dallas-based MedCore Partners and Enola, Pa. based Post Acute Medical LLC (PAM) are teaming up on the development of what the firms call a “first-of-its-kind” post-acute care facility in Dover.
December 2017 PDF
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Finalists: Best Post-Acute/Senior Living -St. Stephen’s Senior Housing, Canta Cruz, Calif
Developer: MidPen Housing Corp. The grand opening for St. Stephens Senior Housing was held Oct. 20, 2017. The project represents the realization of the congregation’s long-held vision to transform a portion of the church property into a vibrant residential community for low-income seniors in the area.
Finalists: Best Inpatient Facility – Sanford Medical Center Fargo, Fargo, N.D.
Developer: Sanford Health After eight years of planning and development, the $494 million, 11 story, 1 million square foot Sanford Medical Center Fargo has opened to the public.
Finalists: Best New Mob – RWJBarnabas Health at Bayonne, Bayonne, N.J.
Developer: Rendina Healthcare Real Estate Completed this summer, RWJ Barnabas Health at Bayonne is being lauded by residents and community officials as a success in providing the community with greater access to high quality healthcare.