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Transactions: Miami-based Flagler Investment Holdings acquires MOB near hospital in Delray Beach, Fla.
DELRAY BEACH, Fla. – Miami-based Flagler Investment Holdings recently acquired the 32,520 square foot Delray Medical Office at 4675 Linton Blvd. in Delray Beach, a city along the Atlantic Ocean.
Transactions: DaVita dialysis clinic near Phoenix sells for $4.55M; Sun Commercial brokers the deal
GLENDALE, Ariz. – A 12,148 square foot DaVita dialysis clinic in Glendale, south of Phoenix, recently traded hands for $4.55 million, or $375 per square foot (PSF). The property at 20325 North 51st Ave. is fully leased to Denver-based DaVita Inc. (NYSE: DVA), which recently extended its term by 10 years.
Outpatient Projects: Rendina breaks ground for 120,000 square foot orthopedic facility in Germantown, Tenn.
GERMANTOWN, Tenn. – With its current orthopedics surgery center in the Memphis, Tenn., suburb of Germantown operating at full capacity, locally based Campbell Clinic recently broke ground with its development partner, Jupiter, Fla.-based Rendina Healthcare Real Estate, on a new facility next door.
Outpatient Projects: Rendina and Cleveland Clinic to open new $32 million health center in Coral Springs, Fla.
CORAL SPRINGS, Fla. – In more news from Rendina, the company and Cleveland, Ohio-based The Cleveland Clinic were recently preparing to open the new Coral Springs Family Health Center about 45 miles north of Miami.
Outpatient Projects: The Keith Corp. and AM King start work on 11,000 square foot surgery center in Charlotte, N.C.
CHARLOTTE, N.C. – The Keith Corp. (TKC) and AM King Group, both based in Charlotte, announced in early June that construction is underway on a single-specialty, dental-only surgery center in the University area of Charlotte.
Outpatient Projects: HTA plans $43 million project
REIT’s development unit to raze buildings, add large MOB at Cary, N.C., campus By John B. Mugford Although most of its medical office building (MOB) developments to date have been continuations of projects that it took over when it acquired the healthcare real estate (HRE) development unit of Duke Realty Corp. (NYSE: DRE), Healthcare Trust […]
Outpatient Projects: Summit Health breaks ground for $15 million MOB in south-central Pennsylvania
GREENCASTLE, Pa. – Chambersburg, Pa.-based Summit Health broke ground May 30 for a $15 million, three-story, 45,000 square foot MOB in Greencastle, about 30 miles from Gettysburg.
Inpatient Projects: UNC Health Care readies to break ground on $290 million surgical tower in Chapel Hill, N.C.
CHAPEL HILL, N.C. – Two years after first announcing plans for a surgical tower to replace aging operating rooms (ORs) in its N.C. Memorial Hospital, UNC Health Care plans to break ground in September on an expanded version of the project.
Inpatient Projects: Venice (Fla.) Regional Health receives CON to build $212 million, 201-bed replacement hospital
VENICE, Fla. – As noted above, Venice Regional Bayfront Health also received state approval in early July to move forward with plans for a new hospital in Venice.
Inpatient Projects: Sentara Health applies for COPN to build 24-bed hospital on outpatient campus in Suffolk, Va.
SUFFOLK, Va. – Ever since Norfolk, Va.-based Sentara Healthcare opened a new outpatient campus with a freestanding emergency department (FED) in the northern part of Suffolk in 2008, the number of patients needing to be transferred to other area hospitals has continued to grow.
Inpatient Projects: Hospital proposed near competito
Highmark and Penn State Health plan a 108-bed facility near Harrisburg, Pa. By John B. Mugford When Pittsburgh-based Highmark Inc., a large insurer with more than 5 million members in three states, formed a partnership with Hershey, Pa.-based Penn State Health in late 2017, the announced goal was to build a strong healthcare network in […]
Companies & PeopleAnchor Health Properties starts women’s specialty center in King of Prussia, Pa.
KING OF PRUSSIA, Pa. – The Wilmington, Del., office of Anchor Health Properties recently started the development of the $32 million, seven-story, 94,000 square foot Women’s Specialty Center in King of Prussia, about 20 miles from Philadelphia.
Inpatient Projects: Children’s Healthcare of Atlanta submits CON application for $1.5 billion replacement hospital
BROOKHAVEN, Ga. – The most expensive hospital proposal in the history of Georgia’s Certificate of Need (CON) program was recently submitted by Children’s Healthcare of Atlanta.
Industry Pulse: Providers are more real estate savvy
Systems and physicians are becoming more sophisticated Healthcare systems and physicians groups might have paid minimal attention to their real estate dealings in the past, but new pressures, challenges and opportunities are motivating them to make that more of a priority.
Industry Pulse: Senior housing is still booming in S. Florida
Development rolls on, but affordability is a concern National senior housing occupancy rates recently hit an eight-year low (please see “Senior housing occupancy falls” on Page 16 of this edition of Healthcare Real Estate Insights™), but development is still booming in South Florida – especially when it comes to luxury units.
