Companies & People: Steven Leathers joins Jones Lang
Former ARC Healthcare Trust executive join’s JLL’s Capital Markets group By Murray W. Wolf Steven T. “Steve” Leathers has switched from acquirer to advisor. Mr. Leathers, who became a familiar face in healthcare real estate (HRE) circles in recent years through his work spearheading acquisitions for asset-hungry upstart American Realty Capital (ARC) Healthcare Trust Inc., […]
Companies & People: NIC seeks antidote for anecdotes
Association adds chief economist to reduce sector’s reliance on assumptions By Murray W. Wolf In the absence of hard data about the U.S. economy’s impact on senior housing, decision makers in the sector must often rely on assumptions. For example, most senior living operators and real estate professionals assume that periods of weak single-family home […]
Companies & People: First MOB database to be launched
Revista, whose principals were formerly with NIC, plan to provide detailed data By John B. Mugford For years, healthcare real estate professionals have been asking where they can find a complete listing of each and every medical office building (MOB) in the country. Some say such an all-encompassing list does not exist, while others say […]
Companies & People: More HRE Company News
Fairfield Asset Advisors, a real estate advisory firm focused on healthcare, recently facilitated the refinancing of an MOB in Henderson, Nev., a suburb of Las Vegas. The building, the Coronado Medical Office Building, is at 2779 West Horizon Ridge Parkway, which is in close proximity to St. Rose Medical Center. The 40,000 square foot facility […]
Companies & People: JLL Healthcare Solutions lands assignment from 1,385-bed Main Line Health
PHILADELPHIA —Main Line Health (MLH) in Philadelphia has engaged Chicago-based Jones Lang LaSalle’s Healthcare Solutions group to oversee and enhance the system’s maintenance and engineering functions with a goal of increasing economic efficiencies, performance improvements and operational advantages. According to officials with Jones Lang LaSalle (NYSE: JLL), Main Line Health joins a growing number of […]
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 […]
Companies & People: Cain Brothers advised joint venture as it plans new hospital in Houston
HOUSTON – Baylor College of Medicine (BCM) and CHI St. Luke’s Health System, an affiliate of Denver-based Catholic Health Initiatives (CHI), recently formed a joint venture to construct, own and operate a new hospital in the massive Texas Medical Center in Houston. The new hospital campus will be built in phases and eventually replace Baylor […]
Companies & People: Hammes leads major Kaiser project
Firm serves as project manager for 275,000 square foot multi-specialty center By John B. Mugford For Kaiser Permanente Colorado, a new multi-specialty center in the Denver suburb of Lone Tree enables the insurance provider and health system to continue to expand its offerings in the growing market. The facility certainly has plenty to offer, as […]
Companies & People: H2C’s work on Highmark, West Penn health system deal was nominated in 2013
NEW YORK – When one of the country’s largest insurers, Pittsburgh-based Highmark Inc., finally completed the acquisition of the West Penn Allegheny Health System (WPAHS) in its hometown in April 2013, the transaction was considered quite a breakthrough as the country moves toward possibly seeing more affiliations between insurance firms and hospital operators. By the […]
Companies & People: Carter Validus has best year yet
The unlisted REIT turned a profit in 2013 and acquired $593.2M in real estate By John B. Mugford Since its establishment in 2009, Tampa-based Carter Validus Mission Critical REIT Inc. posted its best year in 2013. The unlisted real estate investment trust (REIT) also turned its first profit, reporting consolidated net income of $14.7 million, […]