News Release: Montecito Medical Acquires Another Medical Office Property in Las Vegas
Multi-tenant building expands company’s market presence NASHVILLE, Tenn. and LAS VEGAS, Nev., June 23, 2022 –Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a 32,000+ square-foot medical office building in Las Vegas, Nevada. Las Vegas Urology serves as anchor tenant for the property, which also is […]
News Release: MedCraft Investment Partners Acquires 15,800 SF Surgical Center in Champaign, IL
Investing in physicians to recapitalize and position for growth Minneapolis, Minn. – June 23, 2022 – MedCraft Investment Partners, a dedicated investment platform focused exclusively on healthcare real estate, acquired the Olympian Surgical Suites located at 1002 Interstate Drive in Champaign, Illinois. The 15,800 SF surgery center was built in 2009 on a 3.5 acre […]
News Release: UCI Health and Kindred Rehabilitation Services Announce Plans for State-of-the-Art Inpatient Rehabilitation Hospital
Joint venture will construct and operate a 52-bed hospital in Irvine ORANGE, Calif. & BRENTWOOD, Tenn., June 16, 2022 — (BUSINESS WIRE)–UCI Health and Kindred Rehabilitation Services (“KRS”), a business unit of LifePoint Health, today announced that they have signed a definitive agreement to create a joint venture to construct and operate a 52-bed, 68,000 […]
News Release: Flagship Healthcare Trust Acquires Clermont, Florida MOB
Anchor building of Citrus Tower Park is near Orlando Health South Lake Hospital CHARLOTTE, N.C. , June 16, 2022 /PRNewswire/ — Flagship Healthcare Trust, a Charlotte-based outpatient healthcare real estate investment trust (REIT), has acquired the Citrus Tower medical office building (MOB) in Clermont, Florida. Located at the Citrus Tower Boulevard and Johns Lake Road […]
News Release: Fairfield Advisors announces sale of LifePoint Health Surgery Center
– $3,000,000 Transaction – Denver, CO., June 13, 2022 – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the LifePoint Surgery Center located at 105 N. Meadows Drive in Athens, Tennessee. The building was built in 2001 and totals 6,763 square feet. The Surgery Center is […]
News Release: Groundbreaking marks expansion of Novant Health Matthews Medical Center
MATTHEWS, N.C., June 8, 2022 — Novant Health Matthews Medical Center today broke ground on its four-story, 150,000 square-foot tower and 50,000 square-foot renovation project. With this $169 million expansion, Matthews Medical Center will be better positioned to meet the healthcare needs of this rapidly growing community. Located on the south side of the hospital […]
News Release: Northside Gwinnett celebrates construction start of new patient tower
LAWRENCEVILLE, Ga., June 8, 2022 — Expanding on its commitment to strengthen health care resources in the Gwinnett region, Northside Hospital held a ceremonial crane christening and groundbreaking event June 7 to mark construction of a new patient tower on its Northside Gwinnett campus in Lawrenceville. Hospital leadership joined representatives from the Gwinnett Medical Center […]
News Release: Allina Health selects site for new Cambridge Medical Center
CAMBRIDGE, Minn. (June 28, 2022) — Allina Health is pleased to announce that it has chosen a site for the new Cambridge Medical Center. After months of research and planning, the site selected for Cambridge Medical Center’s new facilities will be located between Highway 65 and Xylite Street Northeast, just north of Highway 95. “From […]
News Release: Penn Highlands Healthcare Breaks Ground for State-of-the-Art Hospital and Medical Office Building in State College
DuBois, Pennsylvania, May 25, 2022 at 12:02 pm Central Time (GLOBE NEWSWIRE) — Representatives from Penn Highlands Healthcare were joined by government and community leaders as well as the architect and general contractor to break ground for a new $70 million technologically advanced hospital and medical office building in State College. “This is an exciting […]
News Release: McCarthy “Tops Out” Texas Children’s Hospital in Austin
AUSTIN – May 17, 2022 – McCarthy Building Companies, Inc. recently celebrated the topping out of construction of the Texas Children’s Hospital for children and women in North Austin. The 52-bed, 365,000-square-foot hospital will bring top pediatric and women’s care to families in Austin and Central Texas, as part of Texas Children’s expansion plan. McCarthy […]
News Release: EYP Designs Houston Methodist Centennial Tower at Texas Medical Center
Iconic Building and Master Planning Reinforce Provider’s Leadership in Delivering Superior Patient Care for Decades to Come May 16, 2022 08:00 AM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–EYP, a leading architecture and engineering firm creating memorable designs that enhance people’s lives and communities, today announced that it has broken ground on its most recent project to […]
News Release: Houston Methodist Building 26-Story Centennial Tower
HOUSTON – April 25, 2022 Houston Methodist has begun site preparation for a 26-story hospital tower in the Texas Medical Center that will house a new and larger emergency department, enhanced imaging services and hundreds of additional hospital beds to serve a growing patient population. Houston Methodist will open Centennial Tower in 2027. Architect – […]
News Release: Banner Health to build new hospital in Buckeye (Ariz.)
Apr 19, 2022 11:55 AM MST New facility will support Phoenix area’s growing Southwest Valley PHOENIX (April 19, 2022) – Banner Health is planning construction for a new, comprehensive medical center in the Southwest Valley of metro Phoenix. Banner Health is the leading health care provider across metro Phoenix, recognized for building new hospitals and […]
News Release: CBRE Advises on $1.7 Billion Portfolio Recapitalization and Debt Financing of Eight Inpatient Hospitals in Massachusetts
Press Release FOR IMMEDIATE RELEASE NEW YORK – March 16, 2022 – CBRE advised on the successful equity recapitalization and debt financing of a $1.7 billion portfolio consisting of eight inpatient general acute care hospitals located in Massachusetts. CBRE advised Medical Properties Trust, Inc. (“MPT”) (NYSE: MPW) to first source a new equity partner to […]
Feature Story: Good news abounds in HRE sector
Revista reports record MOB sales; construction, absorption are also on the rise By John B. Mugford At a time when U.S. and international headlines have been full of bad news, there seems to be nothing but good news to report about the healthcare real estate (HRE) space. To start with, medical office building (MOB) sales […]