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Transactions: Encino, Calif., asset fetches $35.5M as HFF brokers sale of ‘value-add’ med office opportunity
ENCINO, Calif. – Holliday Fenoglio Fowler LP (HFF) announced that it was the seller’s exclusive agent for the $35.5 million sale of the nine-story, 128,243 square foot Encino Corporate Plaza on 1.18 acres at 16661 Ventura Blvd. in Encino.
Outpatient Projects: Vacant Costco store in Miami International Airport could become home to healthcare facilities
MIAMI – A former Costco store near Miami International Airport could be redeveloped as a health campus with MOB space and senior housing components, says an article in the South Florida Business Journal.
Outpatient Projects: Doc leads project in South Florida
Work starts on the 80,000 square foot Cypress Creek MOB in Fort Lauderdale By John B. Mugford A local pain specialist and anesthesiologist is leading the development of a $30 million, 80,000 square foot medical office building (MOB) with a surgery center in Fort Lauderdale, Fla.
Outpatient Projects: Seton Healthcare Family to build outpatient campus in fast-growing Bastrop, Texas
BASTROP, Texas – Austin, Texas-based Seton Healthcare Family is planning a new outpatient campus in growing Bastrup, about 30 miles southeast of Austin.
Outpatient Projects: Lendlease developing MOB on new St. Luke’s Hospital – Monroe Campus in Monroe County, Pa.
BARTONSVILLE, Pa. – Lendlease, whose U.S. headquarters is in New York, has started construction on a new 37,500 square foot MOB in Bartonsville on the campus of the new St. Luke’s Hospital – Monroe Campus, which Lendlease constructed for Bethlehem, Pa.-based St. Luke’s University Health Network.
Outpatient Projects: Local firm is developing 25,000 square foot MOB for Novant Health near Charlotte, N.C.
DENVER, N.C. – Charlotte, N.C.-based MPV Properties has broken ground for a two-story, 25,000 square foot build-to-suit medical facility in Denver, about 30 miles northwest of Charlotte.
Inpatient Projects: $175 million replacement in east Indianapolis is a step closer to 2018 opening
INDIANAPOLIS – Community Hospital East has a replacement facility now under construction on the current campus in eastern Indianapolis.
Inpatient Projects: New Orleans Children’s starts $250 million, three-phase remake of campus
NEW ORLEANS – Work started in early 2017 on a $250 million campus expansion and remake for Children’s Hospital of New Orleans.
Inpatient Projects: $129 million psychiatric hospital project in Morgantown, N.C., faces continued delays
MORGANTOWN, N.C. – Development of the future $129 million, 480,000 square foot Boughton psychiatric hospital in Morgantown is more than two years behind schedule due to construction mishaps, delaying the delivery of 100 badly needed beds for patients with severe mental illnesses, the local News & Observer newspaper reported.
Inpatient Projects: Work to start soon on U of South Florida’s $152 million medical school in Tampa, Fla.
TAMPA, Fla. – The University of South Florida’s future $152 million medical school in downtown Tampa will include a heart institute as well as the medical school.
Inpatient Projects: Kentucky town explores public-private partnership to build new VA hospital
RADCLIFF, Ky. – Officials in Radcliff, about an hour south of Louisville, Ky., hope to build a new U.S. Dept. of Veterans Affairs (VA) hospital for 80 percent less than estimated by using a public-private partnership.
Inpatient Projects: Mayo Clinic plans $70 million expansion at its campus in Jacksonville, Fla.
JACKSONVILLE, Fla. – Rochester, Minn.–based Mayo Clinic took another step toward becoming the “premier destination medical center in the Southeast” with the recent announcement of a $70.5 million expansion plan for the system’s campus in Jacksonville.
Inpatient Projects: 60-bed ED to open soon in future $400 million tower at Banner hospital in Phoenix
PHOENIX – The first aspect – a new emergency department (ED) – of a future $400 million, 650,000 square foot patient tower under construction at Banner University Medical Center Phoenix is slated to open in late June 2017, according to the local Phoenix Business Journal.
Inpatient Projects: Hospital unveils $130 million project
SwedishAmerican plans to expand and renovate its main campus in Rockford, Ill. By John B. Mugford Officials with SwedishAmerican Hospital in Rockford, Ill., saw a need for more hospital beds – and to convert all of their beds to private patient rooms – as well as a need to provide better and more care for […]
Post-Acute & Senior Living: Cascade Capital Group acquires Midwest portfolio of SNFs for $82 million
SKOKIE, Ill. – Skokie-based Cascade Capital Group recently acquired a portfolio of 18 skilled nursing facilities (SNFs) in four Midwestern states for a price of $82 million.
