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The 118,000 square foot, 37-bed OrthoIndy Hospital and an attached 58,000 square foot medical office building (MOB) in Indianapolis recently traded hands for $97 million.The buyer (Ventas) and seller (Healthcare Realty Trust) were both REITs. (Photo courtesy of CBRE)

Transactions: Ventas pays $97 million for Indy pair Healthcare Realty Trust sells OrthoIndy specialty hospital and an attached MOB

Healthcare Realty Trust sells OrthoIndy specialty hospital and an attached MOB By John B. Mugford Amid the flurry of medical office building (MOB) sales activity in 2015, one rather large and significant transaction took place in recent months that kind of slipped under the radar. The offering obviously had enough upside to attract the attention […]

Denver-based NexCore Group has started construction of the three-story, 50,000 square foot Buck Creek Medical Plaza in Avon, Colo., near the Beaver Creek ski resort. The facility will include local and regional providers, including Centura Health. (Rendering courtesy of NexCore Group)

Outpatient Projects: NexCore Group starts ski-town MOB Future three-story, 50,000 square foot facility in Avon, Colo., to include 24/7 ED

Future three-story, 50,000 square foot facility in Avon, Colo., to include 24/7 ED By Connie M. McCaffrey Residents and visitors in the well-known Vail Valley will soon have more healthcare options, thanks to a project being developed by Denver based NexCore Group LP. The national healthcare development firm recently broke ground on the future

Phoenix-based Banner Health is moving forward with plans for a new 11-story, 336-patient room, 689,000 square foot tower at Banner-University Medical Center Tucson, Ariz., replacing a 40-year-old section of the existing hospital. (Rendering courtesy of Banner Health)

Inpatient Projects: Banner moves forward in Tucson Health system plans $400 million, 240-bed patient tower at U. of Arizona hospital

Health system plans $400 million, 240-bed patient tower at U. of Arizona hospital By John B. Mugford As Phoenix-based Banner Health was in the process of making its $1 billion acquisition of the University of Arizona (UA) Health Network, the system noted that it was planning to rebuild the academic medical center’s main hospital in […]

Post-Acute & Senior Living: Senior housing occupancy declines

 NIC blames slight second quarter dip on inventory growing faster than demand By Erin E. Porter The National Investment Center for Seniors Housing & Care (NIC) reported last month that seniors housing occupancy slipped again in the second quarter (Q2) of 2015. The average occupancy rate was

Rendina Healthcare Real Estate’s new 54,000 square foot medical office building is on the campus of the newly opened Canyon Vista Medical Center in Sierra Vista, Ariz., which is part of Brentwood, Tenn.-based RegionalCare Hospital Partners. (Photo courtesy of Rendina Healthcare Real Estate)

Companies & People: Rendina opens new MOB in Arizona Developer-owned facility is on the campus of a hospital in southern part of state

Developer-owned facility is on the campus of a hospital in southern part of state By John B. Mugford Jupiter, Fla.-based Rendina Healthcare Real Estate recently opened a 54,000 square foot MOB on the campus of the new Canyon Vista Medical Center in Sierra Vista, Ariz., in the high desert of southeastern Arizona. Hospital and Rendina […]

August 2015 PDF

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Archives: July 2015

Archives: July 2015

Please click on one of the options below to access the current edition of Healthcare Real Estate Insights™ in your preferred format (paid subscription required): PDF (“snapshot” of entire publication) Website (individual articles) Digital flipbook (COMING SOON!) 2015 Archives 2014 Archives 2013 Archives

Healthcare Trust of America recently added to its large Boston portfolio with the acquisition of the 670 Albany building, an eight-story, 161,000 square foot research facility adjacent to Boston Medical Center in the city’s South End. (Photo courtesy of JLL)

Transactions: HTA adds to its Boston bio portfolio

REIT acquires 161,000 s.f. research facility on Boston Medical Center campus By John B. Mugford A lot of good things are happening in Boston’s historic South End, a once downtrodden area that one well-known healthcare real estate professional says is now “exploding” with trendy new shops, restaurants and high-end residences. Helping provide momentum for the […]

Carter Validus Mission Critical REIT acquired the two-story, 41,600 square foot UC Health Physicians Office - Midtown in Cincinnati as part of a four-state, five-building, $79.08 million, 294,108 square foot medical office buiilding acquisition. (Photo courtesy of HFF)

Transactions: Carter Validus takes five (MOBs)

Unlisted REIT acquires portfolio of assets in four states for more than $79 million By John B. Mugford With the medical office building (MOB) sales market showing no signs of slowing down in the near future, Carter Validus Mission Critical REIT (CVMC REIT) jumped on the chance to acquire a fully leased, five-building portfolio in […]

Plaza Companies and Duke Realty plan to develop a $16 million, 70,000 square foot second medical office building on the campus of Banner Estrella Medical Center in Phoenix. Plans include an option for a future 55,000 square foot expansion. (Rendering courtesy of Plaza Companies)

Outpatient Projects: Duke Realty, Plaza plan Phoenix MOB

Development firms could build up to 125,000 s.f. on Banner Estrella campus By Erin E. Porter and John B. Mugford For Peoria, Ariz.-based Plaza Companies, a new medical office building (MOB) planned for the campus of Banner Estrella Medical Center in Phoenix would add to its 10 million square foot portfolio of owned and managed space. […]

The flowing shape of the proposed $466 million, seven-story, 696,000 square foot, 294-room Vassar Brothers Medical Center inpatient pavilion in Poughkeepsie, N.Y., is intended to remind visitors of the neighboring Hudson River. (Rendering courtesy of RTKL)

Inpatient Projects: Upstate N.Y. hospital unveils big plan

Vassar Brothers Medical Center in Poughkeepsie to expand with $466M pavilion By Erin E. Porter With a design that’s meant to capture the look and feel of the adjacent Hudson River, a new patient pavilion being planned for Vassar Brothers Medical Center is expected to be a landmark and a point of pride for the […]

Todd W. Lillibridge

Companies & People: ‘I feel like we’re just getting started’

Five years after the Ventas deal, Todd Lillibridge says there’s still plenty to do By Murray W. Wolf Five years ago, when Ventas Inc. (NYSE: VTR) acquired Lillibridge Healthcare Services Inc. and its portfolio of 95 medical office buildings (MOBs), some wondered how long top Lillibridge executives – particularly the firm’s president and CEO, Todd […]

Todd Kibler

Companies & People: 5 Questions for: Todd W. Kibler

Hammes Partners principal talks about the firm’s new $430M investment fund By John B. Mugford In the context of what can be considered the rather brief history of healthcare real estate, a sector that did not really take off until the early 2000s, Hammes Company Healthcare has been around for a long, long time. Since […]

Companies & People: Mason and Konkoli join HREI board

Companies & People: Mason and Konkoli join HREI board

Top Cushman & Wakefield and Duke Realty executives named to advisory group By Murray W. Wolf Top healthcare real estate executives Scott A. Mason and Keith Konkoli have joined the Healthcare Real Estate Insights™ Editorial Advisory Board. Mr. Konkoli was recently promoted to executive vice president (EVP) and now leads the healthcare group for Indianapolis-based […]

July 2015 PDF

To prevent unauthorized use of our Federally copyrighted content, Healthcare Real Estate Insights™ uses a three-step process to unlock access to the PDF versions of the Current Editions and Archives: