Outpatient Projects: Baylor Scott & White breaks ground for cancer center and MOB in Round Rock, Texas
ROUND ROCK, Texas – Baylor Scott & White Health broke ground March 3 for a four-story, 100,000 square foot cancer center and MOB on its Baylor Scott & White Medical Center – Round Rock campus “to provide personalized, integrated and comprehensive care in one location.”
Outpatient Projects: Progressive Health Systems breaks ground for $16 million, 62,000 s.f. MOB in Pekin, Illinois.
PEKIN, Ill. – Progressive Health Systems and the City of Pekin hosted a groundbreaking March 23 for the new $16 million ProHealth MOB to be located at the corner of Griffin Avenue and Veterans Drive in Pekin, just south of Peoria in central Illinois.
Outpatient Projects: Houston Methodist at The Woodlands opens Breast Care Center in 150,000 square foot MOB
THE WOODLANDS, Texas – Houston Methodist at The Woodlands recently opened a breast care center, the first outpatient clinic to open in its new 150,000 square foot medical office building (MOB) that is still under construction.
Outpatient Projects: Duke Realty to develop Illinois MOB
The 80,000 square foot facility will be on the Centegra Health-Huntley Campus By Erin E. Porter Indianapolis-based commercial real estate developer Duke Realty announced plans to develop a four-story, 80,000 square foot medical office building (MOB) for Centegra Health on the Centegra Hospital-Huntley campus, located about one hour northwest of Chicago.
Outpatient Projects: New Jersey communities weigh plans for new MOB at HUMC/Mountainside Hospital campus
MONTCLAIR, N.J. – Residents of Montclair and Glen Ridge, N.J., gathered Feb. 29 in Montclair to attend a joint meeting of the two municipalities’ planning boards and view a presentation of the Draft Redevelopment Plan for the HUMC/Mountainside Hospital campus.
Outpatient Projects: Chicago area hospital to modernize
Initial plans for the proposed $133 Palos Community Hospital south campus expansion in Orland Park, Ill., (shown here) would have required the closing of a fitness center. Hospitals officials revised their plans after an outcry from some local residents. Rendering courtesy of Palos Community Hospital Palos says $133 million expansion will add MOB, parking and […]
Outpatient Projects: Greenstone affiliate starts work on $4.5 million, 36,000 square foot MOB in Spokane, Wash.
SPOKANE, Wash. – North Gorge Commercial Partners LLC, an affiliate of developer Greenstone Corp., has started work on a $4.5 million, three-story, 36,000 square foot MOB in the mixed-use Kendall Yards district of downtown Spokane, local news media reports.
Inpatient Projects: Maryland officials making progress on $655 million, 231-bed hospital plan
PRINCE GEORGE’S COUNTY, Md. – The five-year effort to develop a $655 million, 231-bed medical center in this area is closer to fruition, the Washington Business Journal reports.
Inpatient Projects: Duke Realty-developed Bethesda Butler Hospital expansion completed in Cincinnati
CINCINNATI – TriHealth and Duke Realty recently completed a 53,512 square foot expansion of Bethesda Butler Hospital in Cincinnati.
Inpatient Projects: Marshfield Clinic sticks to plan
Despite buying another hospital, Wisconsin provider still plans to build its own By Connie M. McCaffrey While most hospitals and health systems are adding outpatient space, a well-known Midwestern clinic group is going the other way, adding its own hospital – and it’s sticking to those plans, even though it has agreed to acquire a […]
Inpatient Projects: Memorial Hermann Health System set to open $80 million, 64-bed hospital in Pearland, Texas
PEARLAND, Texas – The $80 million, 64-bed, 250,000 square foot Memorial Hermann Pearland Hospital is scheduled to open March 29.
Industry Pulse: Coming to a (MOB) Rooftop Near You?
Welltower cell tower? Maybe. But roofs are a higher priority. Although some healthcare real estate investment trusts (REITs) are selling a few “non-strategic assets,” at least one has found a way to generate incremental revenue without parting with any properties.
Post-Acute & Senior Living: Safanad and Formation Capital acquire South Carolina ALF portfolio for $128.6 million
NEW YORK – Dubai-based Global investment firm Safanad and its longtime partner, private investment firm Formation Capital, recently announced the acquisition of nine South Carolina assisted living facilities (ALFs) from Agape Senior for $128.6 million.
Industry Pulse: On the Record – Erik Tellefson
How would you characterize the current lending market for MOBs? The MOB lending market is “extremely active and the atmosphere is pretty strong. Spreads are good, interest rates are relatively low compared to the past markets and we have plenty of money for medical buildings… Our spreads have remained relatively disciplined to the leverage of […]
Industry Pulse: AHI Founders Commit to Investing in Latest REIT
Execs to invest 100% of AHI compensation in new Griffin-American Healthcare REIT IV American Healthcare Investors (AHI) LLC announced March 4 that its three founding principals – Jeff Hanson, Danny Prosky and Mathieu Streiff – along with the company’s executive VPs, have agreed to invest 100 percent of their AHI compensation into common stock of […]
