Transcations: MOB in high-demand Burbank, Calif., market trades for $572 per square foot
BURBANK, Calif. – The largest off-campus, single-tenant MOB in Burbank, outside of Los Angeles, recently changed hands for $14.3 million, or about $572 PSF.
Hot Property: Los Angeles-area MOB is 90% filled
It’s home of Lynwood, Calif., is seeing growth in patient base, brokers say Name: 3680 E. Imperial Highway Location: Lynwood, Calif. Square feet: 64,780 Occupancy: 90% Average lease term: 4 years Year 1 NOI: $1.08 million Seller: Undisclosed Brokerage: CBRE Investment Properties, Southern California Brokers: Gary Stache, Anthony DeLorenzo, Doug Mack and Nicholas Svendsen One […]
Transactions: DocREIT buys surgery center from physicians in Traverse City, Mich.
TRAVERSE CITY, Mich. – Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently acquired the Northwest Michigan Surgery Center, a 55,215 square foot ambulatory surgery facility in Traverse City, a town of about 15,000 residents in the far northwest corner of the state.
Transactions: Dallas-based Caddis makes entrée into South Carolina with Hilton Head ASC acquisition
HILTON HEAD, S.C. – Dallas-based Caddis recently paid an undisclosed amount for the 19,728 square foot Outpatient Surgery Center of Hilton Head, a one-story ambulatory surgery center (ASC) at 190 Pembroke Drive.
Transactions: Catalyst CRE acquires five Florida buildings housing area oncology practice for $16.9 million
PENSACOLA, Fla. – Pensacola-based Catalyst CRE, which focuses on healthcare real estate consulting, investment, and development, recently announced that it paid $16.9 million for five facilities in Central Florida that are home to Ocala, Fla.-based Robert Boissoneault Oncology Institute (RBOI).
Outpatient Projects: Triad plans new MOB in Atlanta area
Project is proposed near medical campus in growing Alpharetta, Ga., community By John B. Mugford If there was a hot site to develop a new medical office building (MOB) in Alpharetta, Ga., a growing community about 25 miles north of Atlanta, it would undoubtedly be near: ■ Avalon, a still-emerging 86-acre live-work community; ■ the […]
Outpatient Projects: Kaiser to build $50 million, 87,000 square foot outpatient facility in Santa Rosa, Calif.
SANTA ROSA, Calif. – After heavy rains caused a delay of more than a month, ground was broken Nov. 18 on Oakland, Calif.-based Kaiser Permanente’s $50 million, 87,000 square foot outpatient building in Santa Rosa, 60 miles north of San Francisco.
Outpatient Projects: MedCraft completes $41.7 million, 97,000 square foot Integrated Care Pavilion in Stamford, Conn.
STAMFORD, Conn. – Minneapolis-based MedCraft Healthcare Real Estate LLC recently completed the $41.7 million, 97,000 square foot Stamford Integrated Care Pavilion (ICP) on the campus of the new, $450 million, 180-bed Stamford Hospital, which opened in September 2016.
Outpatient Projects: Hokanson Cos. developing $31 million, 65,000 square foot VA outpatient clinic Riverview, Fla.
RIVERVIEW, Fla. – Construction is scheduled to begin in March 2017 on a new 65,000 square foot U.S. Department of Veterans Affairs (VA) outpatient clinic in Riverview, outside of Tampa, Fla.
Outpatient Projects: Johnson Memorial announces new $42 million ED, outpatient and rehab project in Franklin, Ind.
FRANKLIN, Tenn. – The Johnson Memorial Health board recently approved plans for a new emergency and outpatient facility as well as a comprehensive rehabilitation center on the Johnson Memorial Hospital campus in Franklin, about 20 miles south of Nashville, Tenn. The $42 million project, the largest in Johnson Memorial history, would include the 17,400 square […]
Outpatient Projects: Loma Linda Children’s starts 12,000 square foot outpatient clinic near Palm Springs, Calif.
INDIO, Calif. – By late 2017, the city of Indio, just south of Palm Springs, will be home to what local officials say is a much needed pediatric outpatient center.
Outpatient Projects: Korte Co. to begin work soon on $15 million outpatient heath center in far southeastern Utah
MONTEZUMA CREEK, Utah – Construction is slated to begin soon on a $15 million, 51,576 square foot outpatient health center for Utah Navajo Health System in rural Montezuma Creek, the educational center for about 500 Navajos living in the area.
Outpatient Projects: Triad plans new MOB in Atlanta area
Project is proposed near medical campus in growing Alpharetta, Ga., community By John B. Mugford If there was a hot site to develop a new medical office building (MOB) in Alpharetta, Ga., a growing community about 25 miles north of Atlanta, it would undoubtedly be near: Avalon, a still-emerging 86-acre live-work community; The large Northside/Alpharetta […]
Inpatient Projects: Behavioral facility set near Cincy
With demand growing in northern Kentucky, local, national group working on facility By John B. Mugford While many healthcare industry observers believe that the number of general inpatient hospital beds will continue to fall in the years to come, they note that demand for behavioral medical services, as well as the number of beds needed […]
Inpatient Projects: CHI Franciscan plans $530 million replacement campus in Silverdale, Wash.
SILVERDALE, Wash. – Tacoma, Wash.-based CHI Franciscan Health recently filed a Certificate of Need (CON) application with the state for a future $530 million hospital campus in Silverdale, a community of about 20,000 residents on the Olympia Peninsula just west of Bainbridge Island.
