Transactions: Washington campus fetches big PSF
Three-MOB complex in Puyallup sells for $40.2 million to Seattle real estate firm By John B. Mugford The average price paid per square foot for medical office buildings (MOBs) in 2013 was just under $230, according to statistics from real estate research firm Real Capital Analytics (RCA) Inc. Yet, it came as no surprise to […]
Industry Pulse: Los Angeles hospital market is ‘a mess’
L.A. has many small hospitals without distinct market niches. During a recent HRE conference in Los Angeles, the moderator of one of the panel discussions, a longtime healthcare real estate professional, made an observation about California’s larger metro markets.
Post-Acute & Senior Living: Caddis begins developing two Heartis senior living communities In Houston
HOUSTON – National healthcare real estate firm Caddis Partners LLC announced that it has begun construction on two 78-unit, approximately 63,000 square foot Heartis senior communities in the Houston markets of Cypress and Clear Lake. The communities, which will include 54 assisted living units and 24 memory care units, will be owned by Caddis. Eugene, […]
Industry Pulse: Demolish That Old Acute Care Hospital? Maybe Not
Something old. Something new. And a bridge. In this era of consolidation and ambulatory strategy, some acute care hospitals are being left behind. But what do you do with the old hospital building? That question that will probably keep popping up more and more in this post-healthcare reform era – and the bigger the old […]
REIT Report: Health Care REIT’s Chapman retires
Longtime CEO who led significant growth is succeeded by board member By John B. Mugford While Health Care REIT Inc. (NYSE: HCN) has been a big owner of real estate for four decades, it has bulked up its portfolio in the past five years like never before. Steering the way has been CEO George L. […]
Companies & People: More Healthcare Real Estate Company & People News
he Healthcare Services Group of Los Angeles-based CBRE (NYSE: CBG) has been hired by Scottsdale, Ariz.-based Prime A Investments to provide property management and leasing services for four MOBs on the campus of Dallas Medical Center. The 155-bed acute care hospital, in the North Dallas suburb of Farmers Branch, was acquired by Ontario, Calif.-based Prime […]
Company Profile: Minnesota HRE developer is on a roll
The Davis Group is well- known in Twin Cities’ healthcare real estate circles By Dan Emerson Back when Mark Davis launched his real estate firm in 1986, he was something of a pioneer in the Twin Cities of Minneapolis and St. Paul, Minn. “At that point, I don’t think anyone was focusing on the healthcare […]
Companies & People: David Domres to lead Milwaukee firm’s HRE property management
MILWAUKEE – An award winning property manager has joined Milwaukee-based Siegel-Gallagher Management Co. (SGMC) as senior VP in charge of healthcare real estate. David Domres, who has been awarded the Certified Property Manager of the Year three times by the Milwaukee chapter of the Institute of Real Estate Management (IREM), is helping to position SGMC […]
Companies & People: Pacific Medical Buildings promotes two executives, adds a strategic advisor
SAN DIEGO – San Diego-based Pacific Medical Buildings (PMB), a well-known HRE development firm, recently promoted Jake Rohe to senior VP of development and Ben Ryan to chief financial officer and VP of operations. It also hired Michael C. Brinkley as healthcare strategic advisor for healthcare development and acquisitions in Arizona. In addition to gaining […]
Companies & People: DaVita adds space near Chicago
In other news from NexCore, kidney care provider DaVita Inc. has signed a second lease in Pavilion A on the Silver Cross Hospital campus in New Lenox, Ill., southwest Chicago, bringing its total leased space in the building to 9,631 square feet. NexCore Group developed, leases and manages the 182,000 square foot Pavilion A, the […]
Companies & People: NexCore delivers off-campus MOB
New facility in Monroe, Wash., serves Providence hospital and medical group By John B. Mugford In late 2013, Denver-based NexCore Group LP completed its participation in the delivery of a two-story, 43,000 square foot, off-campus ambulatory facility in Monroe, Wash. NexCore delivered the project for Providence Regional Medical Center Everett (PRMCE), in Everett, Wash., and […]
February 2014 PDF
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Archives: February 2014
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Hot Property: Cancer Institute Hits the Market
Hospital campus facility is in California’s ‘wealthiest’ county, Marin Name: Marin Cancer Institute Address: 1350 South Eliseo Dr. City: Greenbrae, Calif. Number of buildings: 1 Square feet: 45,277 Occupancy: 100% Tenant: Marin General Hospital Lease expiration: 2028 Brokers: Lee Asher, Chris Bodnar, Seth A. McKinnon Brokerage firm: CBRE GRENBRAE, Calif. – In November, residents in […]
Cover Story: A look ahead
Some of the HRE sector’s leading professionals weigh in on the year to come By John B. Mugford The first part of 2014 brings with it myriad questions regarding the nation’s healthcare industry. Subsequently, that also means that questions abound concerning healthcare real estate (HRE), even though our unscientific poll finds that most professionals involved […]