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Outpatient Projects: Work starts on $24 million, on-campus MOB at OSF Healthcare hospital in Bloomington, Ill
Bloomington IL – Construction started recently on a $24 million, 53,000 square foot MOB on the campus of OSF HealthCare St. Joseph Medical Center campus in Bloomington. The future
Outpatient Projects: Orthopedics group breaks ground on 57,000 square foot MOB in Newport News, Va
Newport News, VA – Construction is underway on a future MOB and ambulatory surgery center (ASC) for Newport News based
Companies & People: Welltower closes offering of $1.3 billion in senior unsecured notes; will repay loan facility
Toledo, Ohio – Toledo-based Welltower Inc. (NYSE: WELL) announced that it has closed its offering of $1.3 billion in aggregate principal senior unsecured notes across three tranche. The notes have a weighted average maturity of 15.4 years and a blended yield
Industry Pulse: Seavest, TCC Working On ‘Small-Format’ Hospitals
The partners are working with micro hospital operator Emerus on projects for AHN
Transactions: Montecito-Heitman partnership pays $13.2 million for adjacent MOBs in Lancaster, Pa.
Lancaster, PA – A joint venture (JV) partnership of Chicago based private equity investor Heitman and Nashville, Tenn.-based Montecito Medical Real Estate recently acquired a two-MOB
Transactions: Capital One was top HRE loan arranger in first half of ‘18, according to Thomson Reuters
Bethesda, MD – In more news from Capital One, the firm reports that its healthcare unit was the highest-ranked lead arranger of healthcare leveraged loans by deal count in every category up to $1 billion in the first half of 2018, according to data compiled by
Outpatient Projects: Construction is topped out for future $260 million, on-campus MOB in Newark, Del.
Newark, Del. – An Aug. 15 topping out ceremony marked the placement of the final steel beam on the future $260 million Center for Women and Children’s Health building on the campus of
Transactions: Montecito Medical pays $14.4 million for Phoenix MOB anchored by retinal group
Phoenix – In more news from Montecito Medical Real Estate, the firm recently paid $14.4 million for the flagship MOB of one of Arizona’s “leading ophthalmology practices.” In making its 11th
Companies & People: The reinvention of Anchor Health
HRE developer is building on past success to transform and grow the company By John B. Mugford If ever a company presented a case study on how to build upon a longstanding, strong brand name while reinventing itself to become one of the fastest-growing firms in its industry, it is Anchor Health Properties.
Companies & People: Matt Bremner joins Bremner Real Estate as SVP of operations; was formerly with Duke Realty
Indianapolis – A familiar name has joined the Indianapolis-based HRE firm Bremner Real Estate. Matt Bremner, son of company founder Jim Bremner, is the company’s SVP of operations, a role
Industry Pulse: On the record
Is telehealth having much effect on your real estate strategy? “For growth, it’s minor because you don’t need a lot of … space for telehealth… I would personally like to see the growth model in my own marketplace (Southern California) on the ASC development and MOB development… I think the opportunity for growth is still […]
Transactions: Everest acquires Rendina portfolio
Firm pays $108.2 million for 10 MOBs in five states; JLL represented the seller By John B. Mugford As large and often institutional investors look to acquire medical office buildings (MOBs), they are typically attracted to portfolios, which help them add immediate scale. They’re usually not interested in just any portfolio, either. They tend to […]
Companies & People: Catalyst HRE opens an office in Milwaukee, hires Anthony Lampasona and Elisha Pacheco
Milwaukee – Pensacola, Fla.-based Catalyst Healthcare Real Estate,which owns a portfolio in the Midwest, is opening a new office in Milwaukee to continue its growth there. Leading the office
Outpatient Projects: St. Elizabeth to anchor 65,000 square foot MOB in Northern Kentucky University project
Highland Heights, KY – More details have emerged concerning Northern Kentucky University’s planned $112.6 million Town Center project at Nunn Drive and U.S. 27 in Highland Heights, a
Industry Pulse: On the Record
What is your view on the healthcare industry’s ongoing consolidation? “Healthcare’s a business and consolidation tends to drive margins. But at the end of the day, it’s still about taking care of the patient and it’s about quality… So while I believe that we’re going to see