News Release: Campus Issues Request for Qualifications for Developers
As part of its 2020 Project, UC Merced seeks a private partner to nearly double size of the 10th University of California campus through a mixed-use, master-planned development. MERCED, Calif. — The University of California, Merced, opened a competitive process on April 17 by issuing a request for qualifications (RFQ) for a development team to […]
News Release: Children’s Hospital of Wisconsin will open new clinic in Western Waukesha Clinic will be developed by Ryan Companies US, Inc.
MILWAUKEE (04/21/14) – Children’s Hospital of Wisconsin is working with the Great Lakes Region of Ryan Companies US, Inc. to develop a new, 30,000-square-foot clinic in Delafield, Wisconsin. This new facility continues Children’s Hospital of Wisconsin’s commitment to provide care closer to home for the children and families it serves. Initial improvements to the 5.1-acre […]
News Release: Johnson Development Constructing New VA Facility in Huntsville
Ceremonial groundbreaking to be held on April 17 HUNTSVILLE, Ala. (April 16, 2014) – With construction underway of a new 60,150-‐ square-‐foot U.S. Department of Veterans Affairs outpatient facility in Huntsville, Johnson Development is holding a ceremonial groundbreaking for the $24 million clinic. Johnson Development began construction at the site in March. The ceremonial groundbreaking […]
For Sale: Greater Erie Medical Center, Millcreek Township, PA
Greater Erie Medical Center 2374 Village Common Drive Millcreek Township, PA 16506 INVESTMENT SUMMARY Offering Price: $8,600,000 NOI: $636,262 Cap Rate: 7.4% Year 1 Cash on Cash Return: 10.22% Occupancy: 100% OFFERS DUE: Wednesday, April 23 CBRE, as exclusive agent for the owner, is pleased to offer the opportunity to acquire the Greater Erie Medical […]
For Sale: Florida Medical Office Portfolio
OFFERS REQUESTED BY WEDNESDAY, APRIL 23RD, 5:00 PM EST OFFERING INFORMATION OFFERING PRICE: $8,119,000 CAP RATE: 7.25% PORTFOLIO SIZE: 51,681 SF OCCUPANCY: 100% LEASE TERM: Single-Tenant to Hospital Through July 2025 IN-PLACE NOI: $588,618 The Offering The CBRE Healthcare Capital Markets Group is pleased to exclusively offer the Florida Medical Office Portfolio (“The Portfolio”) for […]
For Sale: Kaiser Healthcare Center, Vallejo, CA
Kaiser Healthcare Center, Vallejo, CA NGKF Capital Markets’ Medical Office Group, as the Owner’s Exclusive Agent, is pleased to offer for sale, Kaiser Healthcare Center, located in Vallejo, CA (the “Property”). The Property is a rare high-profile medical office opportunity consisting of 54,802 rentable square feet, located along the major thoroughfare North Broadway Street, and […]
Inpatient Projects: NorthBay announces big upgrades
Healthcare system will invest $200 million on Solano County, Calif., facilities By Connie M. McCaffrey NorthBay Healthcare , an independent Fairfield, Calif.-based health system, announced that in addition to its newly opened $20 million Green Valley Health Plaza in Fairfield, it plans to begin major construction on its two hospital campuses in Fairfield and Vacaville, […]
Archives: March 2014
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Cover Story: When is a hospital not a hospital?
Perhaps when it’s a ‘re-admit facility’ designed to avoid readmission penalties As health systems prepare further for the Patient Protection and Affordable Care Act (PPACA), they must figure out ways to avoid certain potential penalties assessed for excessive readmissions to their hospitals. One member of the audience at InterFace Healthcare Real West 2014 asked a […]
Cover Story: Looming over the real estate landscape: Health system executives discuss the ongoing effects of the PPACA on the HRE sector
Health system executives discuss the ongoing effects of the PPACA on the HRE sector By John Mugford As if providers aren’t facing enough pressures with the changing of the whole delivery model paradigm, healthcare reform has thrown even more complications at them. The Patient Protection and Affordable Care Act (PPACA), which was enacted into law […]
Hot Property: Retail, medical compose portfolio
Properties are in massive AllianceTexas mixed-use area of Fort Worth Name: Fort Worth Retail/M.O. Portfolio Addresses: 12650 N. Beach St.; 12457, 12465, 12485 Timberland Blvd. City: Fort Worth, Texas Number of buildings: 4 Total square feet: 33,410 Occupancy: 100% Seller: Unnamed Tenants: UNT Health Science Center, 7-11 Combined NOI: $732,737 Brokers: Scott Herbold, Jennifer Pierson, […]
Transactions: More HRE Transactions
DealPoint Merrill, a Los Angeles-based subsidiary of the Merrill Group of Cos., last fall closed escrow on a massive MOB complex, a former hospital, in downtown Dayton, Ohio. Elizabeth Place, on the banks of the Miami River, is an 820,000 square foot medical office facility that includes more than 100 medical practices. Included on the […]
Transactions: PRT hits the ground running in 2014
Physicians Realty Trust has closed $107.4 million in deals, mostly for MOBs By John B. Mugford Milwaukee-based Physicians Realty Trust (NYSE: DOC) is continuing with its purchasing ways to kick off 2014. The publicly traded real estate investment trust (REIT) recently acquired in separate deals: a large MOB in the “Pill Hill” area of Atlanta; […]
Outpatient Projects: Cornerstone starts MOB on hospital campus in Vicksburg, Miss.
VICKSBURG, Miss. – Cornerstone Companies Inc. recently started construction on an MOB in Vicksburg, a city on the banks of the Mississippi about 40 miles west of Jackson, Miss. The Indianapolis-based company – not affiliated with the Atlanta-based Cornerstone Development Partners mentioned on the facing page – says the on-campus MOB is scheduled to open […]