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December 2015 PDF
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Feature Story: 2015 HREI Insights Awards Finalists: Best New MOB (100,000 S.F. OR MORE)
Conventus, Buffalo, N.Y. Developer: Ciminelli Real Estate Corp. There was both a need and an opportunity for a signature facility to serve as the northern gateway at the massive Buffalo Niagara Medical Campus. The challenge for Ciminelli and its project team was to build a facility to house both healthcare providers and research firms on […]
Feature Story: 2015 HREI Insights Awards Finalists: HRE Executive of the Year
Michael Bennett & Philip Mahler Managing Directors, HFF Mr. Bennett and Mr. Mahler spearhead HFF’s national medical office building (MOB) capital markets group. Under their leadership, HFF has grown its MOB-focused business by adding two professionals in San Diego and Philadelphia, growing the group’s presence, and investment sales results, nationwide. While at HFF, Messrs. Bennett […]
Feature Story: 2015 HREI Insights Awards Finalists: Lifetime Achievement Award
James O. “Jim” Meadows Chairman Emeritus, Meadows & Ohly Mr. Meadows, who retired as president and chairman of Meadows & Ohly in 2004, and who still serves as chairman emeritus, was the founding principal of Meadows & Ohly, incorporating the firm two days before his 30th birthday, launching the company with partner Carl Ohly in […]
Feature Story: 2015 HREI Insights Awards Finalists: Best Renovated/Repurposed
Hoag Health Center, Huntington Beach, Calif. Developer: Hoag Memorial Hospital Presbyterian Faced with changes in the patient care model and growing demand for local healthcare services, Hoag Memorial needed to expand and remodel its existing Huntington Beach Health Center to provide patients with streamlined access to integrated services. The development team navigated the remodeling challenge […]
Feature Story: 2015 HREI Insights Awards Finalists: Best New MOB (25,000-49,999 S.F.)
Carolina Orthopaedic & Sports Medicine Center, Gastonia, N.C. Developer: Brackett Flagship Properties LLC When Carolina Orthopaedic & Sports Medicine Center needed to grow, it selected a 12-acre tract adjacent to a local hospital. However, project costs were too high because of expensive site work and a building design that was 16 percent over budget. Enter […]
Feature Story: 2015 HREI Insights Awards Finalists: Best New MOB (Less Than 25,000 S.F.)
Cherry Hills Medical Plaza, Englewood, Colo. Developer: Fleisher Smyth Brokaw LLC When planned, this project called for renovating an existing building. But when work began, it was found that the building was not as structurally sound as anticipated. Such a setback could have added six months to the construction schedule. But Fleisher Smyth Brokaw and […]
Feature Story: Awards program grows in third year
The HREI Insights Awards™ have honored the best of the best in healthcare real estate since 2013 The HREI Insights Awards™ program is still rather young, introduced just two years ago, in 2013. But it has quickly grown in stature in the healthcare real estate (HRE) sector, and has already created some memorable moments.
Feature Story: 2015 HREI Insights Awards Finalists: Best New MOB (50,000-99,999 S.F.)
Minnetonka Medical Center, Minnetonka, Minn. Developer: The Davis Group After unsuccessfully searching for more than year for a clinic site in Minnetonka, an affluent Minneapolis suburb, North Memorial Health Care brought in The Davis Group. Davis not only identified a site, it assembled the needed 5.2 acres by aggressively negotiating purchase agreements for seven commercial […]
Feature Story: 2015 HREI Insights Awards Finalists: Best Inpatient Facility
St. Anthony North Health Campus, Westminster, Colo. Developer: Centura Health The city of Westminster, north of Denver, desired healthcare services focused on whole body care, health and wellness. That was the impetus for the new St. Anthony North Health Campus, which some call the “hospital of the future.” The campus includes 92 private rooms, three […]
Transactions: DocREIT not totally on the sidelines
Physicians Realty Trust makes $152.8 million of acquisitions during Q4 By John B. Mugford Amid a flurry of buying activity after the first half of 2015, John T. Thomas, the president and CEO of Milwaukee-based Physicians Realty Trust (NYSE: DOC), forewarned that the publicly traded real estate investment trust (REIT) was not likely to continue […]
Transactions: Stage Equity Partners LLC acquires 31,000 s.f. MOB in Atlanta area for $6.1 million
LITHONIA, Ga. – Stage Equity Partners LLC continues to be on the lookout for potential acquisitions in the HRE sector, as evidenced by its recent purchase of Stonecrest Medical Office Building in Lithonia, Ga., east of Atlanta.
Transactions: Beverly Hills MOB tops $1,500 PSF
Archway Holdings, which bought the asset in 2008, sells it to UBS affiliate By John B. Mugford Anytime a medical office building (MOB) with a Beverly Hills, Calif., address sells, one can rest assured that the sales price will be quite eye popping. And that’s exactly the case with the recent transaction involving the building […]
Hot Property: A pair of MOBs offered in Scottsdale
Pima Medical Pavilion has two buildings located within a 1 million s.f. office park Name: Pima Medical Pavilion Address: 8415 and 8465 N. Pima Road City: Scottsdale, Ariz. Total leasable square feet: 180,486 Occupancy: 90.8% Year built: 2008 Avg. lease term: 7.34 years Seller: Healthcare Realty Trust Brokerage: CBRE Brokers: Christopher Bodnar, Lee Asher Not […]
Outpatient Projects: MOB reflects provider’s new strategy
Hammes developed the massive Chicago outpatient facility for Presence Health By John B. Mugford During this era in which “retailization” is all the rage in the delivery of healthcare services, it would seem that finding a vacant retail store to convert into an outpatient facility would be a goal for many healthcare providers.