Companies: HTA: Time to be listed
REIT TO BE TRADED ON NEW YORK STOCK EXCHANGE By John Mugford As Healthcare Trust of America (HTA) Inc. has gone about preparing in recent weeks for a listing of its stock on the New York Stock Exchange (NYSE) on or about June 6, it has been touting its performance as a non-listed healthcare real […]
Companies: McCarthy finishes Santa Barbara work
$300 MILLION FOURTH PHASE IS PART OF AN OVERALL $700 MILLION REPLACEMENT By John Mugford McCarthy Building Cos. Inc. recently completed the $300 million fourth phase of construction on the $700 million Santa Barbara (Calif.) Cottage Hospital replacement project. The fourth phase, which encompasses the new inpatient hospital, was part of a six-phase replacement construction […]
Inpatient Projects: U. of Mich. plans neuroscience facility
$163 MILLION PROJECT TO REMODEL FORMER CHILDREN’S, WOMEN’S FACILITIES By John Mugford As outpatient facilities become more complex and capable of providing procedures once reserved for hospitals, many hospitals are also becoming more technologically advanced. A case in point is in Ann Arbor, Mich., where the University of Michigan Health System (UMHS) has announced plans […]
Project Case Study: Indy MOB altered to reflect strategy
JOHNSON DEVELOPMENT CHANGED COURSE OF $30 MILLION FACILITY TO ADD ASC By John Mugford The Indianapolis office of Birmingham, Ala.-based Johnson Development recently completed a surgery center that is part of a previously completed $30 million, 120,000 square foot medical office building (MOB) on the campus of Indiana University Health Saxony Hospital in Fishers, in […]
Companies: JLL-led 410-bed hospital project done
NEW PARKVIEW REGIONAL MEDICAL CENTER HAS OPENED IN FORT WAYNE, IND. By John Mugford There were weather challenges and a labor strike to overcome, but the new Parkview Regional Medical Center in Fort Wayne, Ind., was completed a month early and was basically $11 million under budget. The 410-bed hospital project was led by a […]
Inpatient Projects: Oakland hospital plans $425M project
CHILDREN’S NEW REBUILD AND RETROFIT PLAN IS STILL IN CONCEPTUAL STAGE By Brittany Ritchie Since 2008, Children’s Hospital & Research Center Oakland has proposed two distinctly different construction plans to meet the state’s seismic safety guidelines for healthcare facilities. The first was quite extensive and called for a $700 million rebuilding of the hospital […]
Transactions: Duke Realty buys five MOBs near Cincy
REIT ACQUIRES PORTFOLIO WITH MORE THAN 109,000 S.F. – PLUS ROOM FOR MORE By John Mugford Indianapolis-based Duke Realty Corp. (NYSE: DRE) is on an aggressive path toward bolstering its medical real estate portfolio, both through acquisitions and development. The company added to its more than 4 million square feet of medical real estate holdings […]
Provider Perspective: Off-campus plans grow
OUTPATIENT STRATEGIES ARE A PROVIDER PRIORITY By Murray W. Wolf According to some estimates, 70 percent of healthcare today is still delivered in an inpatient setting. But, some predict that during the next several years, the pendulum will swing to 70 percent of the care being delivered in outpatient locations – and many of those […]
Companies: Duke Realty starts work on Indy FOB
270,000 S.F. FACULTY OFFICE BUILDING WILL ALLOW WISHARD TO CONSOLIDATE By John Mugford Duke Realty (NYSE: DRE) recently started construction on a new office and research building for Wishard Health Services at its future 37-acre, $754 million Eskenazi Health campus in downtown Indianapolis. The five-story, 274,000 square foot Fifth Third Faculty Office Building (FOB) will […]
Inpatient Projects:Cincy hospital plans $265M project
ORTHO FACILITY WILL BE CENTERPIECE OF PROJECT BY THE CHRIST HOSPITAL By John Mugford The Christ Hospital in Cincinnati plans to begin construction this coming summer on a $265 million expansion and improvement at its main campus in the historic district of Mt. Auburn, just north of downtown. According to hospital officials as well as […]
Inpatient Projects: WVU Hospitals plans $280M tower
WEST VIRGINIA SYSTEM’S 10-STORY PROJECT TO ADD 139 BEDS IN MORGANTOWN By John Mugford WVU Hospitals Inc. in Morgantown, W.Va., proclaims that its mission is to serve all of the state’s residents. In order to better do so, the health system recently proposed a $280 million, 10-story tower on the campus of its Ruby Memorial […]
Outpatient Projects: MOB going up near new Texas hospital
PMB IS INVOLVED IN OUTPATIENT, INPATIENT DEVELOPMENTS ON LAKEWAY CAMPUS By John Mugford Mid-year in 2011, with the anticipated opening of a new hospital in fast-growing Lakeway, Texas, approaching, San Diego-based Pacific Medical Buildings (PMB) found itself having to make significant changes to its plans for a medical office building (MOB) on the campus. By […]
Industry Pulse: February 2012
MALVERN, Pa. – With concern and awareness for concussions on the rise, more of the injuries are being diagnosed than ever before. In fact, the Centers for Disease Control (CDC) in October issued a report indicating that the number of concussions and traumatic brain injuries (TBI) among athletes under the age of 19 increased by […]
Inpatient Projects: Florida OKs new $125 million hospital
SHANDS JACKSONVILLE PLANS $125 MILLION HOSPITAL AND MOB NORTH OF CITY By John Mugford More than four years after it first announced plans to build a new hospital in a growing area north of Jacksonville, Fla., the Shands Jacksonville health system recently received the go ahead from the state to proceed with the project. For […]
Provider Perspective: Changes and challenges
HEALTH EXECS DISCUSS REAL ESTATE RESPONSES By John Mugford Ever since the first hospital was built in what would become the United States back in the 1750s, physicians and healthcare administrators have had to adapt and change with the times. Healthcare has always been, and always will be, an industry on the move. However, the […]