Companies & People: First MOB database to be launched
Revista, whose principals were formerly with NIC, plan to provide detailed data By John B. Mugford For years, healthcare real estate professionals have been asking where they can find a complete listing of each and every medical office building (MOB) in the country. Some say such an all-encompassing list does not exist, while others say […]
Companies & People: More HRE Company News
Fairfield Asset Advisors, a real estate advisory firm focused on healthcare, recently facilitated the refinancing of an MOB in Henderson, Nev., a suburb of Las Vegas. The building, the Coronado Medical Office Building, is at 2779 West Horizon Ridge Parkway, which is in close proximity to St. Rose Medical Center. The 40,000 square foot facility […]
Companies & People: JLL Healthcare Solutions lands assignment from 1,385-bed Main Line Health
PHILADELPHIA —Main Line Health (MLH) in Philadelphia has engaged Chicago-based Jones Lang LaSalle’s Healthcare Solutions group to oversee and enhance the system’s maintenance and engineering functions with a goal of increasing economic efficiencies, performance improvements and operational advantages. According to officials with Jones Lang LaSalle (NYSE: JLL), Main Line Health joins a growing number of […]
News Release: HSA PrimeCare Completes Development of Franciscan St. Anthony Health’s Outpatient Clinic in Lowell, Ind.
CHICAGO (April 22, 2014) — John Wilson, president of HSA PrimeCare, the national health care real estate division of Chicago-based HSA Commercial Real Estate, announced today that the firm has finished construction of the Lowell Health Center, a 12,000-square-foot outpatient clinic occupied by Franciscan St. Anthony Health – Crown Point. Located at 4500 West 181st […]
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 […]