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 […]
Outpatient Projects: The Neenan Company completes orthopedics and wellness center in South Lake Tahoe, Calif
South Lake Tahoe, CA – In serving as the design-building partner, Fort Collins, Colo.-based The Neenan Company recently completed the Barton Center for Orthopedics & Wellness in South Lake Tahoe.
Companies & People: Matt Bremner joins Bremner Real Estate as SVP of operations; was formerly with Duke Realty
Indianapolis – A familiar name has joined the Indianapolis-based HRE firm Bremner Real Estate. Matt Bremner, son of company founder Jim Bremner, is the company’s SVP of operations, a role that has him focused on operational, financial and legal needs. Prior
November 2018 PDF
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Transactions: Montecito acquires a 68,500 s.f. MOB in East Providence, R.I., occupied by physicians group
East Providence, R.I. – The four-story, 68,500 square foot University Medicine Medical Office in East Providence is the largest clinic location for locally based University Medicine, which operates
Outpatient Projects: York Properties plans special delivery for WakeMed by turning post office into MOB by 2020
Raleigh, N.C. – Raleigh-based York Properties plans to repurpose a building now occupied by a post office for use as a WakeMed anchored MOB. According to an Oct. 9 news release from the
Inpatient Projects: State approves certificate of need for new $150 million bed tower at Huntsville (Ala.) Hospital
Huntsville, Ala. – Huntsville Hospital’s plan for a new multi story bed tower to meet growing patient demand was approved Aug. 15 by the Alabama Certificate of Need (CON) Review Board. Construction of the new $150 million, multi-story West Bed Tower
Outpatient Projects: National Healthcare Realty buys land for future 80,000 square foot MOB in Lone Tree, Colo
Lone Tree, Colo. – Denver-based National Healthcare Realty Inc. recently closed on the acquisition of a 4.85-acre parcel in growing Lone Tree, where it plans to develop an 80,000 square foot MOB.
Capital Markets: Financing large MOB portfolios
Such deals have become a much more prevalent part of the MOB landscape By Erik Tellefson To date, 2018 has been a robust lending year for Capital One, and as a reflection of the broader acquisition market, large medical office building (MOB) portfolios have been a very important component of the volume. We consider large […]
Post-Acute & Senior Living: Capital Square 101 buys a newly built memory care facility in suburb near Houston
Spring, Texas – Glen Allen, Va.-based Capital Square 1031 recently announced its purchase of a newly constructed, 10,000 square foot memory care facility in the Houston suburb of Spring. Las Vegas based Bear Real Estate Advisors represented Capital Square 1031
Transactions: A 114,414 square foot MOB next to Texas Medical Center West in Katy, Texas, trades hands
Katy, Texas – A 114,414 square foot MOB adjacent to the Texas Medical West campus in the Houston suburb of Katy recently traded hands, according to a local team with Chicago-based Jones Lang
Industry Pulse: Two more MOB portfolios hit the market
Offered together, the Flagship and HSA packages total 479,092 square feet If 2017 was “The Year of the Portfolio” with respect to the total dollar volume of multi-asset medical office building (MOB) transactions, 2018 might be shaping up to be “The Year of the Portfolio” in terms of the sheer number of MOB portfolios being […]
