News Release: Griffin-American Healthcare REIT Acquires Buildings in Colorado, Georgia, Indiana and Michigan
Acquisitions in Colo., Ga., Ind. and Mich. increases portfolio to $1.42 billion NEWPORT BEACH, Calif., April 3, 2013 (GLOBE NEWSWIRE) — American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced today the acquisition of five medical office buildings by the REIT for an aggregate purchase price of approximately […]
News Release: MedProperties acquires Atrium Medical Center MOB
The 103,000 square foot medical office building is connected to the Atrium Medical Center in Middletown, Ohio, and offers convenient access and ease of use by patients and physicians MIDDLETOWN, Ohio, and DALLAS, April 3, 2013 – A new partnership of MedProperties Holdings LLC of Dallas, Texas and Equity Inc. of Columbus, Ohio, now owns […]
Thoughts Leaders: Healthcare still a real estate star
By Donna Jarmusz, Senior Vice President, Alter+Care No question – 2012 was the year of healthcare. In one of the most significant rulings in recent memory (perhaps since the awarding of the Presidency to George W. Bush in 2000), the Supreme Court upheld President Obama’s health care law in a nuanced interpretation of Federal versus […]
Feature Story: Independence day
Privately held Cornerstone Cos. says it is doing just fine on its own By John B. Mugford When capital-rich suitors came calling in recent years, many smaller healthcare real estate firms (HRE) succumbed to the temptation to partner or be acquired. But one regional HRE firm that has no plans to sell is Indianapolis-based Cornerstone […]
Companies & People: Transwestern lands leasing assignment for 150,000 s.f. MOB under way in Katy, Texas
KATY, Texas – Transwestern has landed the leasing assignment for a 150,000 square foot, three-building medical office complex under construction in the Houston suburb of Katy.
Companies & People: PMB completes work on ambulatory care center for Palomar Health in San Diego
SAN DIEGO – Pacific Medical Buildings (PMB) recently opened a standalone outpatient clinic in Ramona, Calif., for Palomar Health, the public healthcare district serving northern San Diego County. The Ramona Ambulatory Care Center is a 7,600 square foot, $4.5 million facility at the corner of Main and 13th streets in a high-traffic area of Ramona.
Companies & People: Gresham Smith completes projects in Greensboro, N.C. and Charlottesville, Va.
KATY, Texas – Gresham Smith and Partners (GS&P), a design and consulting firm, recently completed two projects in the eastern part of the country. On one of the projects, the Nashville, Tenn.-based firm provided architecture, interior design and planning services for a new 44,000 square foot outpatient care center for
Companies & People: Kaiser selects Hammes Co. for six-story, 275,000 s.f. MOB as part of Colorado expansion
LONE TREE, Colo. – Hammes Co. was selected by Oakland, Calif.-based Kaiser Permanente to provide staff augmentation services for the provider’s future 275,000 square foot, six-story freestanding MOB in Lone Tree. Brookfield, Wis.-based Hammes Co. is providing project management, cost control, schedule review and change order administration for the project, which is slated for completion […]
Companies & People: Transwestern brokers 17,000 s.f. medical office lease in repurposed office complex
SAN RAMON, Calif. – Transwestern’s East Bay, Calif., office recently brokered a long-term lease of more than 17,000 square feet of medical office space in a newly repurposed two-building complex in San Ramon, Calif. The new tenant is IntegraMed America, a specialty healthcare services provider, which signed a lease at the Park Place Medical Building, […]
Companies & People: RJ King Associates Healthcare Real Estate brokers sale of Florida MOB
TAMPA, Fla. – RJ King Associates Healthcare Real Estate reports that it recently arranged the sale of Northside Medical Plaza, a three-story, 54,000 square foot medical office building (MOB) in St. Petersburg, Fla. Phillip Faircloth, senior VP investments, and Robert J. King, CEO, handled the transaction for the Tampa-based healthcare real estate services firm. The […]
Companies & People: Healthcare Real Estate Capital provides services for Yale-New Haven Hospital
NEW YORK – Healthcare Real Estate Capital (HRE Capital) recently completed marketing and transaction services on the completion of a sale-leaseback of various properties for Yale-New Haven Hospital in New Haven, Conn. The transaction involved a 53,000 square foot office and retail building, a 24-unit extended stay hotel and an 845-space parking garage – all […]
Companies & People: Cain Brothers assists large Texas systems in merger effort
TEXAS – In December, two large Texas health systems signed a letter of intent (LOI) to form what would be the state’s largest system, a $7.7 billion organization. New York-based Cain Brothers & Co. LLC was hired by the Texas systems, Dallas-based Baylor Health Care System and Temple-based Scott & White, to assist with the […]
Companies & People: JLL to advise large W. Va. system
Firm collaborating with four-hospital, 4 million s.f. Charleston Area Medical Center By John B. Mugford Charleston Area Medical Center (CAMC) in Charleston, W.Va., is comprised of four hospitals with about 840 beds and nearly 4 million square feet of owned and leased space. In a move that is considered a growing trend, the health system […]
Thought Leaders: Jones Lang LaSalle sees hospital’s move to aggressive ambulatory care unit strategies accelerating
Focused effort leads to broader outreach and improved efficiencies CHICAGO, March 4, 2013— Healthcare reform and ongoing financial and operational pressures are having significant influence on how hospitals and healthcare systems define and execute ambulatory care unit (ACU) strategies. The cumulative effect of these influencers is a further and accelerated modification of the hub and […]
Feature Story: 2013 and beyond
Last year’s top 10 stories and trends – and what they can tell us about the future By John B. Mugford In healthcare real estate (HRE), a story and a trend seem to blend together. While a big transaction involving the sale a medical office building (MOB) portfolio at a low capitalization (cap) rate is […]