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Inpatient Projects: Lansing, Mich., health system announces plans for a $450 replacement hospital
Local health system McLaren Greater Lansing recently announced that it is planning a new $450 million hospital that would
Post-Acute & Senior Living: Partnership of Denver firms breaks ground on 77-unit community in New Mexico
Construction has started on a future 70,863 square foot senior living community in Rio Rancho, north of Albuquerque. The 77-unit MorningStar of Rio Rancho will offer assisted living and memory
Post-Acute & Senior Living: Senior Resource Group acquires 303-unit community in Arizona; HFF represents the seller
Solana Beach, Calif.-based Senior Resource Group LLC recently acquired The Heritage Tradition, a 303-unit, “Class A” senior housing property in the Del Webb community of Sun City West. A
Inpatient Projects: Construction continues on new $25 million replacement hospital in West Memphis, Ark.
Memphis, Tenn.-based Baptist Memorial Health Care Corp. held a “topping out” ceremony in early January for its future Baptist Memorial Hospital-Crittenden, according to an article in the
REIT Report: HTA’s 2017 was a memorable one
The REIT made $2.73 billion of investments to become the largest MOB owner By John B. Mugford Even though plenty was written about Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) during 2017, the year that the publicly traded real estate investment trust (REIT) had deserves plenty of attention. In announcing its full-year 2017 […]
Post-Acute & Senior Living: Birchwood acquires 64-unit, Baltimore-area assisted living community
A local office of Toronto-based Avison Young recently arranged the sale of Quail Run Assisted Living, a 64-unit community in Perry Hall, an unincorporated area in Baltimore County. The sale price
Inpatient Projects: Regions Hospital in St. Paul, Minn., to increase bed count and employees by 20 percent
Regions Hospital in St. Paul recently announced a plan to add more than 100 beds and 950 full-time employees from 2018 to 2040. The 427-bed hospital, part of Bloomington, Minn.-based Health
Companies & People: HRE firms form ‘win-win’ alliance
Health America Realty Group teams up with the Lincoln Harris healthcare unit By John B. Mugford Although the two healthcare real estate companies are significantly different in size, officers with each of them believe a strategic alliance they entered in late 2017 is going to be a winwin for both.
Transactions: Pair of investors pays $35.3M for ortho group-anchored MOB in Bloomington, Minn.
BLOOMINGTON, Minn. – A pair of individual investors recently teamed up to acquire a large orthopedic facility in Bloomington, a Minneapolis suburb, for $35.3 million. According to data from RCA, Minneapolis based Sentinel Management Company, which is headed by Luigi Bernardi and Jim Gearen, purchased the 103,000 square foot Tria Orthopaedic Center at 8100 Northland […]
Inpatient Projects: A new $468M pavilion in Santa Clara
370,000 square feet Sobrato Pavilion houses rehab ‘hospital within a hospital’ By John B. Mugford As the healthcare delivery model continues to evolve, more and more patients will be treated via tele-medicine or in outpatient settings, leaving hospitals to focus more and more on technology and treating those who are very sick or recovering from […]
Post-Acute & Senior Living: Welltower to acquire four CCRCs for $368 million, transition portfolio to RIDEA structure
Toledo-based Welltower Inc. (NYSE: HCN) has entered a definitive agreement to acquire a portfolio of four continuing care retirement communities (CCRCs) in three East Coast markets for $368 million.
Inpatient Projects: Boca Raton (Fla.) Regional Hospital receives donations, plans $260 million tower
As Boca Raton Regional Hospital (BRRH) prepares to start planning for a $260 million expansion, it has announced that three families/foundations are donating a total of $35 million toward the
Outpatient Projects: PMRG, physician partners start work on MOB adjacent to hospital in Irving, Texas
Local news media reports that Houston-based PMRG, along with several physician partners, recently began construction of a three story, 58,000 square foot MOB adjacent to the 296-bed Baylor Scott
News Release: CBRE promotes Chris Bodnar and Lee Asher to vice chairmen
Leaders and Founders of CBRE’s U.S. Healthcare Capital Markets Facilitate $2.6 Billion in Medical Office Building Sales in 2017 Alone; $8 Billion Since Group Formation CBRE announced today that Chris Bodnar and Lee Asher of its Healthcare Capital Markets Group have both been promoted to Vice Chairman–the highest title ranking among CBRE producers. Mr. Bodnar […]
News Release: Cornerstone and OSF Healthcare announce completion of new, ground-up development
A brand-new, OSF Healthcare facility is now open to patients in Godfrey, IL. Completed by Cornerstone in December 2017, the 13,126-square-foot medical office building includes clinic space and an urgent care center. This single-story, ground-up development is operated by OSF Healthcare, a 13-hospital health care system serving Illinois and the Upper Peninsula of Michigan. Cornerstone […]