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Publisher’s Letter: Tracking the market
Marcus & Millichap, Colliers release 2017 reports Dear Reader: Another strong year is ahead for medical office building (MOB) investment, according to the newly released “2017 Outlook” report from Marcus & Millichap. The brokerage firm says the strong demographic trends that support a growing healthcare industry will continue to drive investment activity. Institutional funds and real […]
Industry Pulse: On the Record – Mercedes Kerr
What will be Welltower’s investment focus during 2017?
Industry Pulse: Hospital Construction Headed for 4-Year High
New, expanded and replaced hospitals in pipeline total about 32.7 million square feet It looks as if 2017 is going to be a very big year for new hospital construction projects.
Post-Acute & Senior Living: New not-for-profit, faith-based senior community underway on 14 acres in Puyallup, Wash
PUYALLUP, Wash. – A ground breaking was scheduled for February 2017 in Puyallup, just outside of Tacoma, Wash., for the future Wesley Homes Bradley Park, a 62-plus senior housing community.
Post-Acute & Senior Living: Calling all ‘parrot heads’ to Florida
Senior community’s theme would be based on Jimmy Buffet’s Margaritaville By John B. Mugford As senior housing projects continue to compete for residents, some of the newer communities are being built with specific themes in order to possibly provide a competitive edge.
Industry Pulse: Florida Medical Condo Comeback?
Aventura, Fla., med tower tops out, is about two-thirds sold One of the first medical office condominium projects to be built in a number of years in Miami-Dade County, Fla., is well underway near the 407-bed Aventura Hospital and Medical Center, part of HCA East Florida and Nashville, Tenn.-based HCA Holdings Inc. (NYSE: HCA).
Companies & People: Rendina completes 62,835 square foot MOB for Dignity Health in Glendale, Ariz.
GLENDALE, Ariz. – Jupiter, Fla.-based Rendina Healthcare Real Estate, which has six offices nationwide, has completed a 62,835 square foot MOB on the campus of Dignity Health St. Joseph’s Westgate Medical Center in Glendale, just outside of Phoenix.
Companies & People: Morgan/Harbor completes construction of senior-focused MOB in Illinois
ROMEOVILLE, Ill. – Willowbrook, Ill.-based Morgan/Harbour recently completed constructing a 28,928 square foot MOB for Chicago-based Presence Health, an 11-hospital system, in Romeoville, about 25 miles southwest of downtown Chicago.
News Release: MPV Breaks Ground on Novant Denver Medical Building
Charlotte, NC (February, 2017) – MPV Properties (MPV) is pleased to announce the ground breaking of a new medical facility for Novant Health in Denver, North Carolina. MPV broke ground on the new 2-story 25,000 SF medical office building on February 24th. The building, which is expected to be complete in August of 2017, will […]
News Release: Welltower Announces Strategic Relationship With Johns Hopkins Medicine
Opportunity to Drive Collaboration between Health System and Senior Care Providers TOLEDO, Ohio, Feb. 22, 2017 /PRNewswire/ — Welltower Inc. (NYSE: HCN) today announced a strategic collaboration with Johns Hopkins Medicine intended to promote innovative care and wellness for the aging population and to create programs that increase quality, value and connectivity across the health […]
News Release: Palmetto Primary Care Physicians breaks ground on medical campus at Nexton
Shovels hit the dirt this afternoon as officials gathered to break ground on the PPCP Medical Campus here at Nexton. The 100,000 square foot Class A Medical Office Building will house primary and specialty care services, imaging, lab, and an urgent care center. “Today’s groundbreaking proves that Palmetto Primary Care Physicians (PPCP) is committed to […]
News Release: Flagship Healthcare Properties Completes First Georgia Acquisition
ROME, GA – February 20, 2017 – Flagship Healthcare Properties has made its first acquisition in the state of Georgia, acquiring Riverbend Medical Center in Rome, GA. This Class A, 41,000 square foot medical office building is located at 15 Riverbend Drive and joins the growing Flagship Healthcare Real Estate Fund II portfolio. The property […]
News Release: Caddis to begin developing second senior living community in Georgia
The Heartis® independent living, assisted living and memory care residence in Suwanee near Atlanta will offer a wide variety of amenities and special services SUWANEE, Ga., and DALLAS, Feb. 15, 2017 – In a continuation of a major expansion into the Southeastern United States, Caddis™, a national healthcare real estate firm headquartered in Dallas, will […]
News Release: NAI Farbman Announces its Commercial Real Estate Transactions for Fourth Quarter 2016
SOUTHFIELD, MI –February 9, 2016 Medical Sale 6,701 SF sale to Barbara Ann Karmanos Cancer Hospital, at 32005 Northwestern Hwy, Farmington Hills, MI. NAI Farbman’s Jeff Cavazos, Kristi Lawton and Laney Cavazos represented the seller, VHS Sinai-Grace Hospital Inc. 900 SF sale to 19034 West Ten Mile, LLC, at 19034 W. Ten Mile Rd., Southfield, […]
2016 HREI Insights Awards Winner: Best New MOB (100,000 S.F.+)
California MOB overcomes obstacles PMB successfully delivered four-building care center despite a challenging site Facility name: Hoag Health Center Irvine – Sand Canyon Address, City, State: 16105-16405 Sand Canyon Ave., Irvine, CA Client: Hoag Memorial Hospital Presbyterian Product type: MOB with ambulatory surgery center (ASC) Number of stories: Three two-story buildings and one one-story building […]
