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, […]
Companies & People: More Healthcare Real Estate Company & People News
Equity Inc. recently completed the development of a new 36,000 square foot MOB near St. Joseph’s Hospital in Tampa, Fla. The hospital is part of Tampa-based BayCare Health System. According to officials of Columbus, Ohio-based Equity, when the building opens for business it will be the first new MOB in the area in 30 years. […]
News Release: Caddis Partners deals exceed $100 million
The purchase of the RiverGate MOB and surgical hospital complex in Durango, Colo., capped a record year of new developments and acquisitions for the firm DALLAS, Jan. 29, 2014 – Leading national healthcare real estate firm Caddis Partners LLC recently closed on the acquisition of the 69,053 square foot RiverGate Medical Center in Durango, Colo. The […]
News Release: Carter Validus Mission Critical REIT, Inc. Completes 2013 with nearly $1 billion in investment assets
(Tampa, FL) Carter Validus Mission Critical REIT, Inc. (“CVMC REIT”) announced that it acquired $593.2M in mission critical real estate assets in 2013, including $174.5M in the month of December, bringing the total investment amount in its portfolio to $988.1M, consisting of 3.1M rentable square feet across 17 states. The December acquisitions include: AT&T California […]
Companies & People: A big year for JLL’s healthcare group
As 2013 came to a close, Healthcare Capital Markets leader recapped the year By John B. Mugford It might be an understatement to say that the national Healthcare Capital Markets Group of Jones Lang LaSalle (NYSE: JLL) had a good 2013. As Mindy Berman, the managing director who heads the group, notes, “We had […]
Companies & People: Physicians Realty Trust expands portfolio with recent buys, buyouts,
MILWAUKEE – Milwaukee-based Physicians Realty Trust (NYSE: DOC), which completed its initial public offering (IPO) of more than 10.4 million shares of common stock, recently expanded its portfolio with two recent transactions. First, the publicly traded real estate investment trust (REIT) executed a contract to purchase and lease back an MOB in Columbus, Ohio, that […]
News Release: Clarion Partners acquires 10 Brookline Place in Boston’s Longwood medical and academic area
October 24, 2013 For Immediate Release Clarion Partners, a leading real estate investment manager, today announced the acquisition of 10 Brookline Place in Brookline, MA for $121.0 million. The six-story, 173,439 square foot office building serves as the southwest gateway to the Longwood Medical and Academic (LMA) area of Boston. Clarion purchased 10 Brookline Place […]
Companies & People: JLL to oversee large system’s portfolio
Firm’s Healthcare Solutions Group to manage Adventist’s 8.1 million square feet By John B. Mugford Count Adventist Health, a system with 19 hospitals and numerous outpatient facilities in four Pacific states, among those turning to third-party real estate firms to oversee, manage and provide strategies for their real estate portfolios. The Roseville, Calif.-based system has […]
Companies & People: Irgens completes MOB for system in growing area of Sioux City, Iowa
SIOUX CITY, Iowa– Milwaukee-based Irgens and Sioux City hospital UnityPoint Health-St. Luke’s recently opened a new $26.7 million MOB in a growing area of the city. Sunnybrook Medical Plaza is a two-story, 86,315 square foot facility that, according to health system officials, will serve as a regional hub for outpatient healthcare delivery in what is […]
Companies & People: Duke Realty completes outpatient campus for Northside Hospital
WOODSTOCK, Ga. – A four-story, 100,797 square foot medical office building (MOB) developed by Indianapolis-based Duke Realty Corp. has opened just off U.S. Interstate 575 in Woodstock, about 25 miles north of Atlanta. The MOB carries the flag of Northside Hospital-Cherokee, whose future replacement hospital is being constructed about 11 miles to the north, in […]
Companies & People: Neil Carolan, BOMA co-chair and former hospital executive, joins Rendina Cos.
JUPITER, Fla. – Neil Carolan, well-known in the healthcare real estate (HRE) sector through his involvement with the annual BOMA Medical Office Building and Healthcare Facilities Conference, recently joined Jupiter-based Rendina Cos. His role as senior VP of business development is to generate new business opportunities and expand healthcare relationships for the firm’s West Coast […]
Companies & People: New HRE firm buys Texas hospital, looking for more opportunities
DALLAS – A new, potentially nationally focused healthcare real estate firm launched its operation in recent months with the purchase of what was previously known as The Hospital at Craig Ranch in McKinney, Texas. The new real estate firm, Dallas-based Forge Realty Partners, along with its main tenant in the facility, The Woodlands, Texas-based Victory […]