Inpatient Projects: Dallas-based Methodist acquires land for a future hospital in Midlothian, Texas
Midlothian, Texas – A 67-acre parcel was recently acquired for Dallas-based Methodist Health System’s future hospital campus in Midlothian, on the south side of the DFW Metroplex. The campus
Inpatient Projects: New $550 million St. Louis University Hospital and ACC reaches construction milestone
ST. Louis – A topping out ceremony was held Aug. 16 for the new $550 million, 365-bed SSM Health St. Louis University Hospital. Plans for the replacement hospital and ambulatory care center
November 2018
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Transactions: 33,640 square foot MOB on Dignity Health campus near Sacramento trades hands
Carmichael, CA – A 33,640 square foot MOB on the campus of Mercy San Juan Hospital campus in Carmichael, a suburb of Sacramento, recently traded hands. The price was not disclosed for
Transactions: New York-based Thor Equities pays $23.5 million for renovated MOB in suburban Boston
Norwood, Mass. – New York-based Thor Equities recently closed on the acquisition of the 92,000 square foot Norwood Medical Center in Norwood. In making its first purchase in Greater Boston,
Transactions: Q3 MOB sales were a strong $2.57B
Based on volume so far this year, sales are on a pace to again top $10 billion By John B. Mugford At this point, with the results of medical office buildings (MOB) sales for the third quarter (Q3) now in, it looks as if the total volume for 2018 is going to surpass $10 billion […]
Outpatient Projects: Mayo continues its expansion
Clinic is teaming with a Singapore firm to add a hotel and medical space By John B. Mugford Even though Rochester, Minn., has long been home to the main campus and headquarters of the world-renowned Mayo Clinic, it remained, by Midwest standards, a somewhat small to medium sized city with a functional downtown for many […]
Outpatient Projects: Anchor Health Properties is proposing an MOB near hospital in midtown Nashville, Tenn
Nashville, Tenn. – A site near Saint Thomas Midtown Hospital in Nashville could soon be home to a five-story MOB, according to an article in the Nashville Post. The article notes that the site, and the
Outpatient Projects: Planned 145,000 square foot MOB in Royal Oak, Mich., to be anchored by Henry Ford Health
Royal Oak, Mich. – Royal Oak’s downtown is about to get a shot of adrenaline, as the six-hospital, Detroit-based Henry Ford Health System has announced plans to occupy a future 145,000 square
Industry Pulse: On the Record
It seems like MOB acquisitions have slowed. What are your thoughts on the medical office building sector? “With MOB increasingly being viewed as a core holding, private capital holders (private equity, insurance, sovereign wealth) have kept asset valuations high in recent periods. I see no sign that these
Post-Acute & Senior Living: A new ‘boutique’ senior living facility opens in Dallas; Adolfson & Peterson was contractor
Dallas – A new “boutique” senior living facility recently opened along the North Central Expressway in Dallas. The three-story, 77,132 square foot Adora Midtown Park facility includes 80 skilled nursing units and 29 assisted living suites. The project team
Inpatient Projects: Coney Island Hospital on the mend
$738M project to repair Hurricane Sandy damage, protect against future flooding By John B. Mugford It’s been six years since Super storm Sandy ravaged Coney Island in Brooklyn, N.Y., causing billions of dollars of damage to numerous structures and infrastructure throughout the area.
Transactions: Healthcare Trust Inc. acquires 44,558 square foot MOB in Detroit suburb for $14.25 million
Farmington Hills, Mich. – The 44,558 square foot Glendale Medical Building in Farmington Hills, a northwest Detroit suburb, recently traded for $14.25 million, according to the team that
Inpatient Projects: Built by McCarthy, new 450,000 s.f. tower on Emory campus in Atlanta receives regional award
Atlanta – Emory University Hospital’s new 450,000 square foot tower on its campus in Atlanta, which opened in summer 2017 and was built by McCarthy Building Companies Inc., was recently named one of the Southeast’s 2018 Best Projects by New York-based
Cover Story: Healthcare’s unprecedented transformation
How real estate can help providers to meet today’s new challenges By John B. Mugford These are complicated, unpredictable times for the U.S. healthcare industry. So how do healthcare real estate experts feel about the future? Mostly optimistic, with a few reservations. Although the economy is booming and medical spending is continuing on an upward […]