Inpatient Projects: Nationwide Children’s in Columbus starts $158 million behavioral health pavilion
Nationwide Children’s Hospital in Columbus broke ground recently for what will become the country’s largest facility dedicated to providing behavioral health services to children and adolescents.
Companies & People: Five questions for PJ Camp
Hammond Hanlon Camp (H2C) grows the scope of what it provides clients By John B. Mugford After the ink had dried in 2016 on the closing of the largest health system sale, or monetization, of medical office buildings (MOBs) in the history of the healthcare real estate (HRE) sector, the $700 million deal grabbed plenty […]
Inpatient Projects: Memphis hospital tops off $275 million tower that’s set to open in spring 2019
Construction has reached the halfway point on Methodist University Hospital’s future $275 million tower, which was given a new name during a recent “topping off” ceremony.
Transactions: Q3 MOB sales drop, but still strong
Sales topped $2 billion – less than Q2, but still one of the better quarters ever By John B. Mugford If 2017 goes on to be the biggest year in the history of medical office building (MOB) sales, as it probably will, most of the credit will and should go to the huge second quarter […]
Post-Acute & Senior Living: Norvin Healthcare Properties sells rehab hospital in Texas; JLL brokers transaction
The national Healthcare Capital Markets Group with Chicago-based Jones Lang LaSalle Inc. (NYSE: JLL) recently facilitated the sale of the Central Texas Rehabilitation Hospital in Austin.
Post-Acute & Senior Living: Vibra Healthcare plans 50-bed inpatient rehabilitation hospital in Sacramento, Calif
Mechanicsburg, Pa.-based Vibra Healthcare LLC announced in early October that it entered an agreement to develop a two-story, 59,506 square foot inpatient rehabilitation hospital in Sacramento.
Inpatient Projects: Work starts on 644,000 square foot tower at UT Southwestern Med Center in Dallas
The 1.2 million square foot UT Southwestern Medical Center William P. Clements Jr. University Hospital is to get even bigger in coming years, as ground was broken in September for the future 644,000 square foot Tower III.
Trasactions: Vukota Capital pays $22.4M for MOBs in Van Nuys, Calif.; CBRE represents seller
A joint venture of Chicago-based Harrison Street Real Estate Capital LLC and Greenwood Village, Colo.-based Vukota Capital Management (VCM) recently acquired the two-building, 102,787 square foot Valley Medical Plaza Portfolio in Van Nuys, northwest of Los Angeles.
Industry Pulse: 10-Asset Rendina Mob Portfolio On The Market
JLL healthcare team is marketing six-state, 10-property, 489,301 square foot portfolio One of the medical office building (MOB) sector’s longstanding, better-known development firms is putting a portfolio of properties on the market at a time when pricing remains as high as It’s ever been.
Companies & People: John Goodey to succeed Scott Estes as Welltower Inc.’s CFO; two others promoted
Toledo-based Welltower Inc. (NYSE: HCN) has named John Goodey as executive VP and chief financial officer (CFO). Mr. Goodey, previously the senior VP – international, succeeds Scott Estes, who is leaving to pursue other opportunities.
Inpatient Projects: Morton Plant Hospital in Clearwater, Fla., opens its new $200 million tower
The 687-bed Morton Plant Hospital in Clearwater recently opened its new 200,000 square foot Doyle Tower, a four-story facility that adds a new main entrance, an ambulatory surgery center (ASC), a women’s services area and a 52-bed orthopedic unit.
Inpatient Projects: Brooks Memorial, 40 miles south of Buffalo, N.Y., chooses site for $67 million replacement
Brooks Memorial Hospital in Dunkirk, N.Y., along Lake Erie about 40 miles southwest of Buffalo, has chosen a site near U.S. Interstate 90 in the Town of Pomfret for its planned $67 million replacement.
November 2017 PDF
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Transactions: New REIT, CNL Healthcare Properties II, agrees to acquire first MOB, in Kansas
Making its first purchase as a new non-traded real estate investment trust (REIT), Orlando, Fla.-based CNL Healthcare Properties II entered an agreement to acquire a two-story, 38,496 square foot MOB in Overland Park, outside of Kansas City, Kansas.
Industry Pulse: Are Sub-5 Cap rates the new normal? Not likely
Recent ultra low cap rate transactions were unique situations, Inter Face panelists contend Despite recent medical office building (MOB) portfolio sales that some sources say resulted in capitalization rates of less than 5 percent, those kinds of cap rates are not the new normal in the healthcare real estate (HRE) space.