Outpatient Projects: Phoenix doc plans wellness campus
$30 million campus in Glendale, Ariz., would provide a continuum of care By Connie McCaffrey With an eye toward providing preventive care and wellness, a Phoenix area radiologist is planning a new $30 million outpatient campus near a hospital in Glendale, Ariz. Dr. John Simon, the founder of SimonMed Imaging Inc., is planning the project […]
Outpatient Projects: Pocono Medical Center to partner with local developer on MOB project
EAST STROUDBURG, Pa. – A delayed commercial project approved years ago may be back on track, thanks to a new partner, Pocono Medical Center, according to local reports. Officials with a local firm, Penn Regional Business Center (RBC) III Inc., recently told the Smithfield Township Planning Commission that the company wants to revisit a plan […]
Outpatient Projects: New site, rather than one in Chinatown, approved for MOB in Riverside, Calif.
RIVERSIDE, Calif. – Rather than approving a commercial development in the city’s historic Chinatown, the Riverside City Council recently agreed to sell an alternative site to San Diego-based Pacific Medical Buildings (PMB) on which to build a new MOB.
Outpatient Projects: Seavest, Fleisher Smyth Brokaw to develop cancer center for Littleton Hospital
LITTLETON, Colo. – White Plains, N.Y.-based Seavest Healthcare Properties LLC has finalized a lease with Littleton Adventist Hospital to add a 10,500 square foot outpatient cancer center inside an MOB on the campus in Littleton, just south of Denver. The build-out of the space is slated for completion in the third quarter (Q3) of 2015, […]
Outpatient Projects: New medical office building planned near Sheridan Memorial Hospital campus
SHERIDAN, Wyo. – Officials at Sheridan Memorial Hospital say they’re planning to build a new MOB close to the hospital that could open, if all goes according to plan, in about 18 months. Mike McCafferty, Sheridan Memorial Hospital’s CEO, said the administration has been considering a new MOB for several years. He said the facility […]
Outpatient Projects: TriStar plans new ER, relocation of outpatient surgery center
NASHVILLE, Tenn. – Significant growth in the Nashville area is prompting the need for more healthcare services at TriStar Southern Hills Medical Center, according to officials. They are responding with plans for an $11 million freestanding emergency department (FED) and the relocation of an outpatient surgery center from the main campus at Wallace Road and […]
Outpatient Projects: Bon Secours Health System to expand presence in Virginia
SHORT PUMP, Va. – Bon Secours Health System, which has a number of hospitals, MOBs and long-term care facilities in Virginia, plans to expand its presence even more by building two MOBs in Short Pump, about 20 minutes northwest of Richmond.
Outpatient Projects: More Oupatient Real Estate Projects
■ Milwaukee-based developer Irgens, recently started construction on an MOB for Carlinville Area Hospital, a Critical Access Hospital (CAH) in Carlinville, Ill. The one-story, 28,000 square foot medical building will be connected to the hospital and provide outpatient physician clinical space, physical therapy, occupational therapy and behavioral health services. The facility is expected to be […]
Inpatient Projects: Colorado VA Hospital delayed again
New campus faces more uncertainty after being more than $400M over budget By Daniel H. Larson Veterans in the Denver area are going to have to wait a little longer to receive state-of-the art healthcare. The long-awaited VA hospital being built in the suburb of Aurora has experienced numerous delays and now faces a budget […]
Inpatient Projects: Stamford Hospital set for 2016 opening of $450 million expansion
STAMFORD, Conn. – Stamford Hospital officials are showing early signs of satisfaction with their current $450 million investment. Construction on a new 640,000 square foot expansion hospital is accelerating quickly and could open as soon as spring 2016. The hospital broke ground on the project in May 2013.
Inpatient Projects: U of Kansas Hospital plans $279 million expansion following $10M donation
KANSAS CITY, Kan. – Fundraising for a $279 million expansion to the University of Kansas Hospital recently got a huge boost when a Kansas City philanthropist Annette Bloch donated $10 million to the project. The hospital is hoping to use $100 million in philanthropic gifts to finance the project.
Industry Pulse: Complex HRE Deal Closed In Boston’s South End
Healthcare and non-healthcare assets, plus a parking ramp and land are part of the deal In what some participants are calling one of the most complex healthcare real estate (HRE) deals in Boston’s history, Washington, D.C.-based Multi-Employer Property Trust (MEPT) recently teamed up with a joint venture (JV) partner, Boston-based Leggat McCall Properties, to acquire […]
Industry Pulse: G-A REIT II Completes Northstar Merger
$4 billion deal included 289 assets in 32 states and the U.K. American Healthcare Investors and Griffin Capital Corp., the co-sponsors of Griffin-American Healthcare REIT II, announced Dec. 3 that they had completed a previously announced merger between Griffin-American and NorthStar Realty Finance Corp. NorthStar acquired all of the outstanding shares of Griffin-American in […]
Editor’s Letter: Sure, they’re big, but… Public REITs still own less than 10% of the market
Dear Reader: This month’s cover story focuses on publicly traded healthcare real estate investment trusts (REITs), and how the REIT sector has changed and grown in recent years. That got me wondering just how much the public REITs really have grown. So I dug into the National Association of Real Estate Investment Trusts (NAREITs) archives […]
Post-Acute & Senior Living: Big Rock bringing luxury to Florida
A new $60 million CCRC is coming to Celebration, Fla. to meet rising demand By Daniel H. Larson With years of healthcare real estate experience, Big Rock Partners LLC Senior Managing Principal Richard Ackerman knows how to stay on top of industry trends. The real estate executive even teaches a class on commercial real estate […]
