POST-ACUTE & SENIOR LIVING: Construction is complete on $120 million CCRC in Playa Vista area of Los Angeles
LOS ANGELES – Pasadena, Calif.-based C.W. Driver Cos. recently completed construction on the $120 million Fountainview at Gonda Westside, a 460,000 square foot continuing care retirement community (CCRC) in the Playa Vista neighborhood of Los Angeles.
POST-ACUTE & SENIOR LIVING: Work starts on $60 million rehabilitation, skilled nursing facility in White Plains, N.Y.
WHITE PLAINS, N.Y. – Ground was broken in early September for the future $60 million White Plains Institute for Rehabilitation & Healthcare facility at Baker Avenue and Church Street in White Plains.
INDUSTRY PULSE: WELLTOWER MADE BIG Q2 MOB ACQUISITIONS
The REIT racked up $292M in acquisitions, developments Though not quite on HTA’s scale, Welltower Inc. (NYSE: HCN) was another big buyer during Q2. The Toledo, Ohiobased REIT made total investments of $292 million during the quarter, according to a news release detailing the firm’s most recent quarterly results. Welltower officials also provided highlights from Q2 during an earnings call with analysts on […]
POST-ACUTE & SENIOR LIVING: Novant, HealthSouth break ground on $28.3 million rehab hospital in Winston-Salem, N.C.
WINSTON-SALEM, N.C. – Construction is underway on a future $28.3 million rehabilitation hospital at 2475 Hillcrest Center Circle in Winston-Salem.
ON THE RECORD: Why did your MOB portfolio perform better during the second quarter?
Doctors are a little more comfortable staying where they are and they’re signing a little more longer-term on their leases.
POST-ACUTE & SENIOR LIVING: New rehab concept hits the market
Mainstreet to open at least 12 Rapid Recovery Centers by the end of 2019 By John B. Mugford A new concept in post-acute rehabilitation is in the midst of hitting the market. Carmel, Ind.-based Mainstreet Health Investors has already opened two of its Rapid Recovery Centers, with eight more scheduled to open between now and 2019. The facilities that opened […]
INPATIENT PROJECTS: Amita Health plans $43 million project at hospital in La Grange, Ill., outside Chicago
LA GRANGE, Ill. – Arlington Heights, Ill.-based Amita Health is planning a $43 million project to expand its Amita Health Adventist Medical Center in La Grange, according to the Chicago Tribune.
INPATIENT PROJECTS: Gulf Coast Medical Center in Fort Myers, Fla., to get $347 expansion and upgrades
FORT MYERS, Fla. – The board of directors of Fort Myers -based Lee Health recently approved a $347 million renovation and expansion project at the system’s Gulf Coast Medical Center.
INPATIENT PROJECTS: Project at St. John’s Regional in Oxnard, Calif., to help create ‘hospital of the future’
OXNARD, Calif. – St. John’s Regional Medical Center in Oxnard, part of San Francisco-based Dignity Health, recently announced plans for a major expansion and modernization project that it says will create a “hospital of the future.”
INPATIENT PROJECTS: Topping off of $168 million project celebrated at North Shore Med Center in Salem, Mass.
SALEM, Mass. – A $168 million expansion and renovation at North Shore Medical Center in Salem, part of Boston-based Partners HealthCare System, recently reached the halfway point.
INPATIENT PROJECTS: St. Louis University, SSM break ground on $550 million flagship hospital replacement
ST. LOUIS – Officials with St. Louis University and SSM Health broke ground in late August on the $550 million replacement for SSM Health St. Louis University Hospital.
INPATIENT PROJECTS: Joe DiMaggio Children’s in Hollywood, Fla., is proposing $97 million expansion
HOLLYWOOD, Fla. – The size of Joe DiMaggio Children’s Hospital in Hollywood would nearly double to 300,000 square feet under a plan proposed by its parent organization, Memorial Healthcare System.
INPATIENT PROJECTS: D.C. area to get new $543M hospital
U of Maryland System takes over Dimensions, will start $543 million replacement By John B. Mugford With the University of Maryland Medical System’s new ownership of Cheverly, Md. based Dimensions Healthcare System, plans are expected to move forward for the building of a future $543 million teaching hospital in Largo, Md. Dimensions is now called University of Maryland Capital Region Health, and […]
OUTPATIENT PROJECTS: Brand Properties reaches halfway mark on construction of 12-story MOB in Atlanta
ATLANTA – The halfway point has been reached in the building of the future 12-story, 170,000 square foot Northside Midtown Medical in Atlanta’s Midtown area, according to an article in the Atlanta Business Journal.
OUTPATIENT PROJECTS: University of Cincinnati’s $60.5 million, 114,000 s.f. neuroscience institute underway
CINCINNATI – Lewis Center, Ohio-based Hplex Solutions is working as the owner’s representative on the development of the University of Cincinnati’s $60.5 million, 114,000 square foot Gardner Neuroscience Institute.