Outpatient Projects: Northwestern has high hopes for MOB
HOSPITAL UNVEILS PLANS FOR $334 MILLION, 25-STORY, 1 MILLION S.F. FACILITY By John Mugford For years, healthcare real estate developers have been noting that many medical office buildings (MOBs) have been getting larger, especially those with a variety of specialties, surgery facilities, diagnostic imaging centers, and host of other services. Well, there are large medical […]
Outpatient Projects: MOB planned for north Atlanta suburb
DUKE REALTY TO DEVELOP 52,000 S.F. FACILITY FOR NORTH FULTON HOSPITAL By John Mugford It looks as if a need for Class A medical office space near the 202-bed North Fulton Hospital in Roswell, Ga., will be filled by the fall of 2012. That’s when Indianapolis-based Duke Realty Corp. (NYSE: DRE), a publicly traded real […]
Outpatient Projects: Baltimore MOB grows at last minute
NEXCORE WAS ABOUT TO START WORK WHEN HOSPITAL ASKED FOR MORE SPACE By John Mugford Anyone involved in the development of medical office buildings (MOBs) understands the need to remain flexible and ready to make changes in a project’s plans, even late in the pre-development process. Denver-based NexCore Group LP, a medical real estate developer, […]
Transactions: SNH makes final acquisition from CWH
BUT THE HEALTHCARE REIT IS STILL AN ACTIVE BUYER OF MEDICAL BUILDINGS By John Mugford A big pipeline that Newtown-based Senior Housing Properties Trust (NYSE: SNH) has used to make large, off-market healthcare portfolio acquisitions in recent years is finally empty. According to the real estate investment trust (REIT), the recent closing of one last, […]
Transactions: Details emerge on Scottsdale MOBs
HEALTH SYSTEM-OFFERED PORTFOLIO INCLUDES DEVELOPMENT OPPORTUNITIES. By John Mugford Acquiring medical office building (MOB) portfolios directly from health systems can have unique perks for buyers, as the assets often include hospital tenants and their solid credit ratings. Plus, the portfolios often are composed of a large share of on-campus facilities, which many investors favor over […]
Company Profile: Small firm, big presence
GOOD REPUTATION KEEPS HEALTHAMERICA HUMMING By John Mugford When Thomas W. “Tommy” Tift III was in Los Angeles for a healthcare real estate conference and some meetings earlier this year, he took an afternoon away from business to enjoy the nice weather and squeeze in a round of golf. But the getaway quickly turned into […]
News & Analysis: Flagler, Investcorp do JV
JOINT VENTURE BUYS ONE OF FIRST MEDICAL MALLS By John Mugford When it was built back in 1996, Bethesda Health City in Boynton Beach, Fla., was one of the first medical mall developments in the country. The concept for this “one-stop” healthcare facility, like those that have followed, is to provide patients with a convenient […]
Outpatient Projects: Duke Realty starts $11M Michigan MOB
Marquette General will occupy the entire 43,145 square foot facility in the Upper Peninsula By John Mugford Indianapolis-based Duke Realty (NYSE: DRE) recently broke ground for a 43,145 square foot, $11 million medical office building (MOB) in Escanaba, located in Michigan’s Upper Peninsula (U.P.). The future MOB will be fully occupied by Marquette General Hospital, […]
Outpatient Projects: MOBs planned for heart of Woodlands
PISULA DEVELOPMENT CO. IS BUILDING 20,000 AND 50,000 SQUARE FOOT FACILITIES By John Mugford In an area that is emerging as a focal point of The Woodlands, Texas, two new medical office buildings (MOBs) are will soon be part of the commercial real estate lineup. One of the buildings, a 20,000 square foot facility, is […]
Outpatient Projects: Seavest starts MOB on R.I. campus
$13.6 MILLION ASC AND MOB IS BEING DEVELOPED IN WARWICK, NEAR PROVIDENCE By John Mugford White Plains, N.Y.-based Seavest Inc. broke ground in recent weeks on a $13.6 million, two-story, 62,454 square foot MOB in Warwick, R.I., on the campus of Kent Hospital, which is part of the Care New England Health System. Construction is […]
Colony Development Partners Sells Harris Medical Park for $11.4 Million
On Campus Medical Office Building in Western NC Sold to Grubb & Ellis Healthcare REIT II Colony Development Partners, LLC, announced the recent sale of a 45,000 square foot, Class A, single-tenant medical office building in Sylva, North Carolina which had been developed by Colony Development Partners. The property sold for $11.4 million dollars to […]
Hammes Company helps Swedish Health Services to expand
Swedish expansion is swift, cost-effective and environmentally consciousHammes Company is using several innovations to help the Seattle-based, non-profit health system achieve speed to market, reduce costs and preserve capitalSEATTLE, Jan. 12, 2011 – Population growth, demographic shifts and rising patient volumes confirm that demand for healthcare services is increasing in the Seattle suburbs. Local healthcare […]
Alter+Care Developing Medical Center in Jonesboro, Ark.
Alter+Care Developing St. Bernards Health & Wellness Institute for St. Bernards Medical Center in Jonesboro, ARChicago, IL (January 12, 2011) – Alter+Care is developing the $14.5 million, 54,000 SF St. Bernards Health & Wellness Institute at St. Bernards Medical Center in Jonesboro, AR. Completion is scheduled for the fall of 2011. “The Institute will house […]
Duke Realty to expand Cincinnati West Side medical campus
Duke Realty to expand Cincinnati West Side medical campus anchored by Good Samaritan Medical Center – Western Ridge Good Samaritan Medical Center – Western Ridge opened August of this year, and Duke Realty is now moving forward with plans for a new building and new tenant on Cincinnati’s West Side medical campus CINCINNATI and INDIANAPOLIS, […]
KMD Architects converts retail space into healthcare center
KMD Architects Designs The Chaum Center in Seoul, KoreaWhere Luxury Meets Healthcare for the Ultimate Personalized Medical ExperienceSan Francisco, Calif. – January 5, 2010 — KMD Architects, known for its work in both healthcare and hospitality design, merged these two areas of expertise when it transformed 400,000 square feet of existing retail space in Seoul, […]
