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Cover Story: Who’s the biggest?
The country’s reigning king of medical real estate ownership, Oakland, Calif.-based Kaiser Permanente, continues to grow its portfolio and strengthen its hold on the crown. For the fifth year in a row, Kaiser Permanente sat atop the annual “Top 50 Owners of Medical Real Estate” report compiled by Arnold, Md.- based Revista, a five-year-old firm […]
Outpatient Projects: Rush University Medical Center in Chicago plans 11-story, 530,000 square foot MOB
Chicago – Rush University Medical Center recently applied for a Certificate of Need (CON) to build an 11-story, 530,000 square foot outpatient care center on its main campus on Chicago’s Near West
Outpatient Projects: Optimal Outcomes starts 46,000 square foot MOB in planned community in Sarasota, Fla.
Sarasota, FL – A future MOB is underway in one of the country’s fastest growing planned communities, Lakewood Ranch, which is home to 30,000 residents and 14,000 jobs. St. Petersburg, Fla.-
Outpatient Projects: Spec project beating the odds in L.A.
After building one successful MOB, partners now plan to add 98,000 square feet By John B. Mugford When two local firms decided to pursue the development of a speculative medical office building (MOB) on the edge of downtown Los Angeles about three years ago, their proposal raised eyebrows nationwide. Spec MOB development had gotten a […]
Inpatient Projects: La Porte (Ind.) Hospital breaks ground for new $125 million facility
LA Porte, Ind. – La Porte Hospital broke ground Aug. 25 for a new hospital to be built during the next two years. The planned $125 million, 200,000 square foot facility is to be the first hospital to be
Inpatient Projects: Sutter Health opens new $538 million California Pacific Medical Center (CPMC) Mission Bernal
San Francisco – Sutter Health opened its $538 million California Pacific Medical Center (CPMC) Mission Bernal campus hospital in San Francisco’s Mission neighborhood Aug. 25. The 120- bed,
Outpatient Projects: Cancer treatment, research center opens in new $80 million MOB in Torrance, Calif
Torrance, CA – A new freestanding, 25,000 square foot cancer center that offers a wide array of treatments and conducts clinical trials opened in Torrance on Monday. The City of Hope | South Bay
Companies & People: CBRE Healthcare adds to its service offerings by acquiring HRE advisor Noveen Consulting
Los Angeles – Los Angeles-based CBRE Group Inc. (NYSE: CBRE) has added to its healthcare service offerings by acquiring Louisville, Ky.-based Noveen Consulting, a firm focused on improving
Post-Acute & Senior Living: Non-traded REIT pays $92 million for 286-unit senior housing community in Portland, Ore
Portland, Ore. – Ladera Ranch, Calif.-based Strategic Student & Senior Housing Trust Inc. (SSSHT), a public, non-traded real estate investment trust (REIT), recently purchased the Courtyard at Mt.
Companies & People: Ackerman & Co. expands its healthcare platform, hiring Brett Buchwald and Larry Jarema
Atlanta – In continuing to grow its healthcare real estate services platform, Atlanta-based Ackerman & Co. recently hired Brett Buchwald to specialize in medical office investment sales and Larry Jarema to focus on landlord and tenant representation. Mr.
Outpatient Projects: $101 million MOB in Lawrence, Kan., to be even larger after board approves extra cost
Lawrence, Kan. – A massive MOB planned for the far western side of Lawrence, home of the University of Kansas, is going to be even bigger and more expensive than originally planned. The Board of
Inpatient Projects: Adventist Health to build new hospital adjacent to new development in northwest Bakersfield
Bakersfield, CA – The local Bakersfield Californian newspaper reported Sept. 11 that Adventist Health Bakersfield plans to build a new hospital off Coffee Road near Brimhall Road, next to the
Industry Pulse: Coming to an Mob Near You: Drones?
WakeMed and partners testing drone delivery of supplies Will the design of future medical office buildings (MOBs) need to include landing pads for drones? Maybe, if pilot programs like the one being tested in Raleigh, N.C., catch on. The North Carolina Department of Transportation (NCDOT) Division of Aviation has teamed up with WakeMed Health & […]
Post-Acute & Senior Living:HFF arranges financing for under-construction, 86-unit senior housing community in Denver
Denver – Holliday Fenoglio Fowler L.P. (HFF), part of Pittsburgh-based HFF Inc. (NYSE: HF), recently facilitated financing for the development of Solera at Cherry Creek, an under-construction
Companies & People: Raymond James’ team advises Glens Falls, N.Y., hospital on sale of renal operations
Glens falls NY – The Healthcare Finance Group of St. Petersburg, Fla.-based Raymond James Financial (NYSE: RJF) recently served as the strategic advisor to Glens Falls Hospital on the sale of its dialysis operations. The buyer was Nashville, Tenn.-based Dialysis