Companies & People: Brasfield & Gorrie wins contract for large project at Medical City in Dallas
DALLAS – Birmingham, Ala.-based construction firm Brasfield & Gorrie was recently awarded the contract for a vertical expansion and renovation project at the 530-bed Medical City Hospital in Dallas. The project would consist of building
Post-Acute & Senior Living: CNL Healthcare Properties buys first skilled nursing portfolio for $56.4 million
ORLANDO, Fla. – CNL Healthcare Properties announced June 6 that has acquired six skilled nursing facilities in Arkansas for $56.4 million.
Companies & People: Transwestern to lease future medical campus outside of Houston
FORT BEND COUNTY, Texas – Houston-based Transwestern was recently awarded the leasing assignment for a future $50 million, 125,000 square foot mixed-use project in Fort Bend County, just outside of Houston.
Inpatient Projects: Sharp Hospital near San Diego to undergo upgrades over 20 years
CHULA VISTA, Calif. – A new master plan is in place for a multi-phase expansion and upgrading of facilities at San Diego-based Sharp HealthCare’s hospital campus in Chula Vista. Plans call for projects to take place in five phases at the Sharp Chula Vista Medical Center campus during the next 20 years.
Post-Acute & Senior Living: Emeritus Corp. signs leases with Health Care REIT Inc. and Merrill Gardens
SEATTLE – Emeritus Corp. (NYSE: ESC) announced June 27 that it has agreed to lease a total of 38 senior housing communities in eight states totaling about 4,400 units. The facilities are owned by a joint venture composed of
Companies & People: OGA has recently started work on seven outpatient clinics in five states
NASHVILLE, Tenn. – Nashville-based OGA, also known as Oman-Gibson Associates, is not seeing any slowdown in the need for new medical facilities. In fact, the a real estate services and development firm reports that in recent months it has broken ground on
Companies & People: NexCore Group lands new tenants, expands others at MOB in New Lenox, Ill.
NEW LENOX, Ill. – Denver-based NexCore Group has made plenty of progress on filling up the MOB that it developed and owns on the campus of the new Silver Cross Hospital in New Lenox, a southwest suburb of Chicago. NexCore reports that since the beginning of 2013 it has finalized leases for more than 22,000 […]
Post-Acute & Senior Living: More Post-Acute & Senior Living News
■ Cambridge Realty Capital Cos. says it has arranged $10.2 million in U.S. Department of Housing and Urban Development (HUD) LEAN loans to refinance four skilled nursing home properties owned by North American Health Care Inc. in California and Utah. Cambridge Chairman Jeffrey A. Davis said the fully-amortized loans were arranged for
Companies & People: More Company News
■ Colliers | Baltimore recently completed two long-term leases for spaces at Waterloo Crossing, a Medical Community, a speculative two-building complex under construction in Columbia, Md. Colliers handles leasing for the complex, which is slated for completion in late summer 2013. One of the largest local medical practices, whose name was not revealed, has signed […]
Industry Pulse: VA hospitals plagued by delays, cost overruns
The U.S. Department of Veterans Affairs (VA) is providing plenty of construction jobs and perhaps boosting local economies while building a number of new hospitals around the country. Four of the most visible projects, which have projected price tags in the hundreds of millions of dollars each, are in
Industry Pulse: Systems are moving on and need capital
Providers are powering past the indecision of Obamacare. At least that was the assessment of the executive team of Healthcare Realty Trust Inc. (NYSE: HR) on May 2, during the firm’s first quarter (Q1) earnings conference call.
Industry Pulse: Forecast uncertain for Sandy-battered hospital
The last hospital to remain closed as a result of the devastation caused by Hurricane Sandy in October 2012 remains, well, unopened. And according to the latest reports, it might never open as a hospital again.
Industry Pulse: Record MOB prices not here to stay
Recent interest rate changes give pause to some investors. Despite record-high medical office building (MOB) prices, recent interest rate fluctuations show that those prices won’t be around forever. That’s according to most recent Medical Office Investor Update report from CBRE.
Industry Pulse: On the Record
Does Health Care REIT plan to sell more medical office buildings? “We can always be proactively looking to prune our portfolio, but… I think the vast majority of the significant disposition listing has been completed.” Scott A. Estes CFO & EVP Health Care REIT Will MPT make additional MOB acquisitions this year? “Our active acquisitions […]
Capital Markets: Is the market in for stormy weather?
Healthcare REITs are feeling the brunt of recent interest rate uncertainty The market feels a little like the weather in the northern states just as winter arrives and a big, early season storm displaces the colors and the lingering warmth of fall. The last month or so has brought significant shifts in interest rates, market […]