News Release: Nebraska Medicine Celebrates the Beginning of Kearney Cancer Center Construction
OMAHA, Neb. (July 12, 2023) – With the turn of the key to a bulldozer, McCarthy Building Companies-Omaha joined Nebraska Medicine and the University of Nebraska-Kearney in celebrating the beginning of construction for Nebraska Medicine’s Kearney Cancer Center. The celebration of construction was commenced by Nebraska Medicine CEO James Linder, MD, ‘bulldozing cancer’ on June […]
Companies & People: Bob Rosenthal, founder of PMB, dies at 91
A true industry ‘pioneer,’ he started focusing on designing, developing MOBs in the 1960s SAN DIEGO – It is with great sadness that HREI must report the passing of one of the HRE sector’s true pioneers and innovators, Bob Rosenthal, the founder of longtime HRE development and investment firm Pacific Medical Buildings, now known as […]
Transactions: What’s happening with MOB sales?
James A. Schmid III of Anchor Health Properties discusses the market By John B. Mugford Anytime you want straight answers about the current state of the medical office building (MOB) sector, especially in terms of acquisitions, a good person to ask is James A. Schmid III, the chief investment officer and managing partner with long-time […]
News Release: Wellen Park announces new 75,000-square-foot medical office building by CASTO, expands healthcare access in south Sarasota County
VENICE, Fla. (July 11, 2023) – Wellen Park is bringing additional medical services and healthcare options to the region with The Medical Center at Wellen Park, a planned 75,000-square-foot medical office building just east of the River Road and U.S. 41 intersection. The new three-story facility, developed and managed by Sarasota-based CASTO Healthcare Real Estate, […]
News Release: Anchor Health Properties Celebrates Completion of the New
July 11, 2023 Ground Up, 48,500 Square Foot Bayhealth Total Care (Media, PA) Dedicated to pursuing better healthcare through real estate solutions, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, recently celebrated the project completion of Bayhealth Total Care, a new 48,500 […]
News Release: Cushman & Wakefield Advises Sale of Medical Office Building in Encinitas, CA for $6.735 Million
Local doctor acquires property located adjacent to Scripps Encinitas Hospital campus SAN DIEGO, Calif. – July 10, 2023 – Cushman & Wakefield announced the firm has arranged the sale of a two-story, multi-tenant medical office building in Encinitas (San Diego), California. Located at 1011 Devonshire Dr, the 10,007-square-foot building was acquired by 1011 Devonshire LLC for $6.735 […]
News Release: Fairfield Advisors Announces $15,200,000 Medical Office Sale
$15,200,000 Medical Office Sale – Fairfield Advisors announced that it has facilitated the sale of the NorthEast Ohio Eye Medical Office Building portfolio in the Akron, OH.-area. The 4 buildings total 41,000 square feet with one of the buildings being a high-volume surgery. The anchor tenant in the buildings is the Northeast Ohio Eye group […]
News Release: Kraus-Anderson completes M Physicians Clinic renovation
ST. LOUIS PARK, Minn (July 2023) – Kraus-Anderson (KA) has completed a renovation of the University of Minnesota Physicians (M Physicians) St. Louis Park Clinic on the 2nd floor of the Park Place East Building located at 5775 Wayzata Boulevard in St. Louis Park, Minn. Designed by HDR Architects, the 11,886-square-foot project was constructed […]
News Release: Memorial Regional Hospital Celebrates 70th Anniversary with $88M Investment in Patient-Focused Infrastructure
Projects Include a New Memorial Family Birthplace, and Significant Upgrades to Level 1 Trauma Center and Emergency Room July 10, 2023 Prioritizing patient care and further elevating the health services it provides, Memorial Regional Hospital, the flagship facility of Memorial Healthcare System, is investing $88 million to upgrade its infrastructure. Construction has begun at the […]
News Release: Vitalis Acquires 109,000 SF MOB/Clinical Research Facility in San Antonio for $179 / SF.
Vitalis closed on a 109,000 SF specialty facility located in San Antonio, TX for $179 PSF. Greenway Park is 100% leased and anchored by Worldwide Clinical and WellMed (Optum) on long term leases. Worldwide Clinical Trials (WWCT) is a leading global Contract Research Organization (CRO) that conducts clinical trials for pharmaceutical and biotechnology companies. Since […]
News Release: The Apsley, Sunrise Senior Living’s New Manhattan Community, Opens on Upper West Side
Sunrise’s Second Luxury Senior Lifestyle Community in Manhattan features Best-in-Class Assisted Living and Memory Care with Interiors by Champalimaud Design NEW YORK, July 10, 2023–(BUSINESS WIRE)—Sunrise Senior Living, the leading provider of personalized senior living services, together with partners Hines and Welltower (NYSE: WELL), today announced The Apsley, a new luxury senior living community in […]
Life Sciences: Five questions for Longfellow CEO Adam Sichol
Co-founder discusses the state of the market, current projects and future plans BOSTON – Perhaps not surprisingly, given their ready access to capital, the four largest owners of life sciences real estate (LSRE) are publicly traded real estate investment trusts (REITs), namely Alexandria Real Estate Equities Inc. (NYSE:ARE), the BioMed Realty unit of Blackstone Inc. […]
News Release: Montecito Medical Acquires Medical Office Property in California
Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 32,300-square-foot medical office property in Visalia, California. The multi-story building is 100% leased by Kaweah Health. The facility is situated on the campus of the 581-bed Kaweah Delta Medical Center, the area’s largest hospital.“We are thrilled to add this outstanding, on-campus medical […]
News Release: PMB announces grand opening for new, award-winning Inpatient Rehabilitation Facility in Sacramento, CA
This new 52-bed, 58,600 sq. ft. facility, UC Davis Health Rehabilitation Hospital, celebrated its grand opening on April 18, 2023 SACRAMENTO, CA Jul. 6, 2023 – PMB, a leading healthcare real estate developer, officially recognized the opening of the new UC Davis Rehabilitation Hospital, a 52-bed, 58,600-square-foot inpatient rehabilitation facility (IRF) in Sacramento. The new […]
Feature Story: Systems still approving projects, but with more scrutiny
Executives at InterFace discuss the challenges of preserving capital while still growing By John B. Mugford The moderator of a recent panel session exploring the outlook for hospitals and health systems, including their plans for their real estate, cut right to chase. The first question that Gordon Soderlund, executive VP of strategic relationships with Charlotte-based […]
