Transactions: Florida investor Triarch pays $21.4M for four-MOB complex north of Miami
PEMBROKE PINES, Fla. – A local real estate investor, Aventura, Fla.-based Triarch Capital, in December 2016 acquired the 91,955 square foot Pembroke Pines Medical outpatient campus for $21.4 million, or about $232 PSF.
Transactions: $35.5M sale in Encino, Calif.
In more news from the healthcare practice with HFF, Los Angeles-based SRG Properties in the fourth quarter (Q4) 2016 acquired Encino Corporate Plaza, a 126,275 square foot MOB, for $35.5 million, or $281 PSF.
Transactions: Carter Validus REIT II pays Welltower $63.6M for rehab facility in Greater Philly
MARLTON, N.J. – In more news from Carter Validus Mission Critical REIT II, the company announced that in December 2016 it acquired the 89,000 square foot Select Medical Rehabilitation Facility in Marlton, N.J., outside of Philadelphia, for about $63.6 million.
Hot Property: San Diego MOB hits the market
Located next Sharp Grossmont, facility provides stability and value-add upside Name: Fletcher Parkway Medical Center Location: La Mesa, Calif. Year built: 1985 Square feet: 82,024 Occupancy: 83 percent Land size: 5.97 acres Parking spaces: 457 Seller: The Abbey Co. Brokerage: HFF Brokers: Evan Kovac, Trent Jemmett and Andrew Milne The area near Sharp Grossmont Hospital […]
Transactions: HTA Inc. acquires MOB for $22 million in Brockton, Mass., south of Boston
BROCKTON, Mass. – Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA) in December 2016 acquired a 45,075 square foot MOB in Brockton for $22 million, or $489 PSF, according to RCA data.
Outpatient Projects: MOB campus planned in Minnesota
Frauenshuh proposes MOBs near Minneapolis suburb’s prominent medical corridor By John B. Mugford In the Twin Cities of Minneapolis and St. Paul, Minn., one of the most prominent medical corridors is adjacent to the 338-bed Fairview Southdale Hospital in the affluent first-ring suburb of Edina. According to a recent Minneapolis-St. Paul Medical Office report by […]
Outpatient Projects: Growing South Dakota system starts $40 million project, including 65,000 square foot clinic
WATERTOWN, S.D. – Prairie Lakes Healthcare System, a growing provider in Watertown, a city of 21,000 residents, as well as in its service area in northeast South Dakota, recently started construction on a $40 million expansion on its main hospital campus.
Outpatient Projects: Neenan Co. completes new VA outpatient clinic with telehealth capabilities in Nevada
PAHRUMP, Nev. – The Department of Veterans Affairs (VA), along with Fort Collins, Colo.-based The Neenan Co., recently completed a $12.1 million VA clinic in Pahrump, an unincorporated town 55 miles west of Las Vegas with about 36,000 residents.
Outpatient Projects: Duke Realty to add surgery center at Northside-Cherokee MOB in Woodstock, Ga.
WOODSTOCK, Ga. – The 100,797 square foot Northside-Cherokee Towne Lake MOB in Woodstock, near Atlanta, opened in summer 2013 and has experienced plenty of success since then.
Outpatient Projects: Irgens gains approval and reveals tenant for MOB in its Brookfield, Wis., mixed-use project
BROOKFIELD, Wis. – Milwaukee-based Irgens is developing a two-story, 50,000 square foot MOB as part of the company’s still-evolving, 66-acre mixed-use development in Brookfield, a Milwaukee suburb.
Industry Pulse: Urgent care centers are still important, growing
The number of centers and patient volumes are increasing while wait times are declining. For those involved in the development and ownership of healthcare real estate (HRE), it looks as if owning a standalone urgent care center (UCC) building or having a UCC in your medical office building (MOB) continues to be a good bet, […]
Inpatient Projects: $275M project starts in Miami Beach
Mount Sinai continues to see growing demand for its services on Biscayne Bay By John B. Mugford When Mount Sinai Medical Center of Florida opened its first emergency department (ED) on its campus in Miami Beach in 1972, there were three other hospitals on the island, which was inhabited mostly by retirees. Things have changed […]
Industry Pulse: Docs feeling the stress of today’s environment
U.S. physicians are struggling with morale, adapting to new models and access to care. While it might be a lucrative profession, being a doctor isn’t all that easy or stress-free these days, according to the people who would know best: doctors themselves. According to the 2016 Survey of America’s Physicians by Dallas-based Merritt Hawkins, a physician […]
Inpatient Projects: Critical Access Hospital in Clay County, Kan., to be expanded and renovated
CLAY CENTER, Kan. – A $15 million renovation and expansion project is expected to get underway in early 2017 at the 25-bed Clay County Medical Center, a Critical Access Hospital (CAH) in Clay Center, which is in the north central part of Kansas.
Inpatient Projects: New hotel underway near Miami hospital campus aimed at boosting medical tourism
KENDALL, Fla. – In order to capitalize on the medical tourism market, South Miami, Fla.-based Baptist Health South Florida is teaming with McLean, Va.-based Hilton Worldwide Inc. (NYSE: HLT) on the building of an eight-story, 184-room hotel on the campus of Baptist Hospital in Kendall, near Miami.