Special Report: Adaptive reuse on a roll
PROVIDERS HAVE REPURPOSED MILLIONS OF SQ. FT. By Murray W. Wolf There has been a lot of talk in recent years about repurposing other types of real estate for medical use. With millions of square feet of office and retail space sitting vacant across the nation, much of it in high-traffic locations, the idea of […]
Project Case Study: Indy MOB altered to reflect strategy
JOHNSON DEVELOPMENT CHANGED COURSE OF $30 MILLION FACILITY TO ADD ASC By John Mugford The Indianapolis office of Birmingham, Ala.-based Johnson Development recently completed a surgery center that is part of a previously completed $30 million, 120,000 square foot medical office building (MOB) on the campus of Indiana University Health Saxony Hospital in Fishers, in […]
Companies: JLL-led 410-bed hospital project done
NEW PARKVIEW REGIONAL MEDICAL CENTER HAS OPENED IN FORT WAYNE, IND. By John Mugford There were weather challenges and a labor strike to overcome, but the new Parkview Regional Medical Center in Fort Wayne, Ind., was completed a month early and was basically $11 million under budget. The 410-bed hospital project was led by a […]
Inpatient Projects: Oakland hospital plans $425M project
CHILDREN’S NEW REBUILD AND RETROFIT PLAN IS STILL IN CONCEPTUAL STAGE By Brittany Ritchie Since 2008, Children’s Hospital & Research Center Oakland has proposed two distinctly different construction plans to meet the state’s seismic safety guidelines for healthcare facilities. The first was quite extensive and called for a $700 million rebuilding of the hospital […]
Outpatient Projects: Duke Realty developing new VA clinic
FIRM IS CONSTRUCTING $38 MILLION, 106,000 SQUARE FOOT MOB IN TAMPA, FLA. By John Mugford Duke Realty Corp. (NYSE: DRE) has been selected by the U.S. Department of Veterans Affairs to develop and serve as the general contractor for a new $38 million primary care clinic at Hidden River Corporate Park in the northeastern part […]
Outpatient Projects: Indiana systems collaborating on MOB
FUTURE 70,000 S.F. FACILITY IS SLATED FOR FAR SOUTHERN INDIANAPOLIS METRO By John Mugford This is indeed an era in which consolidation among hospitals and health systems is quite commonplace, as providers are continually figuring out how to become as efficient as possible. In some instances, however, health systems and hospitals who are not ready […]
Transactions: Duke Realty buys five MOBs near Cincy
REIT ACQUIRES PORTFOLIO WITH MORE THAN 109,000 S.F. – PLUS ROOM FOR MORE By John Mugford Indianapolis-based Duke Realty Corp. (NYSE: DRE) is on an aggressive path toward bolstering its medical real estate portfolio, both through acquisitions and development. The company added to its more than 4 million square feet of medical real estate holdings […]
Provider Perspective: Off-campus plans grow
OUTPATIENT STRATEGIES ARE A PROVIDER PRIORITY By Murray W. Wolf According to some estimates, 70 percent of healthcare today is still delivered in an inpatient setting. But, some predict that during the next several years, the pendulum will swing to 70 percent of the care being delivered in outpatient locations – and many of those […]
Companies: Duke Realty starts work on Indy FOB
270,000 S.F. FACULTY OFFICE BUILDING WILL ALLOW WISHARD TO CONSOLIDATE By John Mugford Duke Realty (NYSE: DRE) recently started construction on a new office and research building for Wishard Health Services at its future 37-acre, $754 million Eskenazi Health campus in downtown Indianapolis. The five-story, 274,000 square foot Fifth Third Faculty Office Building (FOB) will […]
Inpatient Projects:Cincy hospital plans $265M project
ORTHO FACILITY WILL BE CENTERPIECE OF PROJECT BY THE CHRIST HOSPITAL By John Mugford The Christ Hospital in Cincinnati plans to begin construction this coming summer on a $265 million expansion and improvement at its main campus in the historic district of Mt. Auburn, just north of downtown. According to hospital officials as well as […]
Outpatient Projects: MOB going up near new Texas hospital
PMB IS INVOLVED IN OUTPATIENT, INPATIENT DEVELOPMENTS ON LAKEWAY CAMPUS By John Mugford Mid-year in 2011, with the anticipated opening of a new hospital in fast-growing Lakeway, Texas, approaching, San Diego-based Pacific Medical Buildings (PMB) found itself having to make significant changes to its plans for a medical office building (MOB) on the campus. By […]
Outpatient Projects: Nautilus set to open new UCLA MOB
AUTOMATED PARKING SYSTEM LETS DEVELOPER REDUCE BUILDING SIZE, COSTS By John Mugford Work is wrapping up on a new 50,000 square foot MOB in Santa Monica where visitors will have their cars parked and retrieved by a fully automated system. The developer of the 16th Street Outpatient Surgery and Medical Building is Berkeley, Calif.-based Nautilus […]
Transactions: Griffin-American REIT snaps up MOBs
DURING THE FIRST QUARTER OF 2012, THE UNLISTED REIT HAS BEEN ON A TEAR By John Mugford We realize that when it comes to our coverage of healthcare real estate transactions, we’ve been giving plenty of press to Griffin-American Healthcare REIT II, the unlisted healthcare real estate investment trust (REIT) based in Newport Beach, Calif. […]
Special Report: Whither monetizations?
HOSPITALS REPORTEDLY CONSIDERING SELLING MOBs By John Mugford Little did professionals involved in healthcare real estate know that when the Greenville Hospital System in South Carolina sold 16 medical office buildings (MOBs) to an investor back in 2009, the type of sale that took place – often referred to as a health system “monetization” – […]
Industry Pulse: February 2012
MALVERN, Pa. – With concern and awareness for concussions on the rise, more of the injuries are being diagnosed than ever before. In fact, the Centers for Disease Control (CDC) in October issued a report indicating that the number of concussions and traumatic brain injuries (TBI) among athletes under the age of 19 increased by […]
