Inpatient Projects

Capital Markets Snapshot: Differing perspectives offer insights

PLAYERS WILL HAVE DIFFERENT MOTIVATIONS AS REFORM IS IMPLEMENTED By Cain Brothers As the drama around the presidential election fades and the healthcare industry focus shifts to implementation of the Accountable Care Act, understanding the process and potential outcome of the enabling legislation that will truly define the ACA’s implementation will require perspective. How the […]

Hammes Co., served as program manager for the newly opened $78 million, 40-bed St. Bernard Parish Hospital near New Orleans. It is the first new hospital to open in the area since Hurricane Katrina struck in 2005. Photo courtesy of Hammes Co.

Inpatient Projects: New Orleans healthcare in recovery

NEW $78 MILLION HOSPITAL IN CHALMETTE IS FIRST SINCE HURRICANE KATRINA By Dan Emerson Seven years after Hurricane Katrina and the subsequent flooding crippled the New Orleans area’s healthcare infrastructure,

Rendina Cos. recently started construction of the two-story, 32,500 square foot, Southside Regional Medical Arts Pavilion on the campus of Southside Regional Medical Center in Petersburg, Va., about 20 miles south of Richmond. Rendering courtesy of Rendina Cos.

Outpatient Projects: Rendina starts cancer center in Va.

FIRM’S EXECUTIVES SAY PERSONAL EXPERIENCES MAKE THIS PROJECT SPECIAL By John Mugford A $10 million cancer center being developed by Jupiter, Fla.-based Rendina Cos. is under way on the campus of Southside Regional

Hammes Co. led the development of two critical access hospitals (CAHs) for Valley Health, including the 87,000 square foot War Memorial Hospital in Berkeley Springs, W.Va., which opened in April, and is working on a third.
Photo courtesy of Hammes Co.

Companies: Hammes starts 3rd CAH for Va. system

FIRM IS PROJECT MANAGER FOR CRITICAL ACCESS HOSPITALS IN VIRGINIA, W. VA. Staff Report In today’s complicated healthcare landscape, much focus is being paid to the numerous consolidations taking place and the formation of regional and super-regional health systems. Where does this leave the smaller hospitals and health systems serving patients in rural areas, especially […]

Publisher's Letter: Our rites of passage

Publisher’s Letter: Our rites of passage

HEALTHCARE REAL ESTATE IS NOW IN TRANSITION By  Murray W. Wolf   Dear Reader: Any parent who has sent a child off to college can probably empathize with the conflicting emotions you feel when you drive away and leave your son or daughter on campus. After you say your good-byes, successfully hold back tears (or […]

The VA recently started preliminary work on what will be a $1 billion new hospital and medical complex located in the emerging biomedical district next to downtown New Orleans.
Rendering courtesy of the U.S. Department of Veterans Affairs

Inpatient Projects: New VA med center finally under way

$1 BILLION REPLACEMENT FACILITY SLATED TO OPEN IN NEW ORLEANS IN 2014 By John Mugford Hurricane Katrina and the flooding it caused destroyed much of New Orleans back in 2005. Included in the destruction were a number of hospitals, such as the U.S. Department of Veterans Affairs (VA) hospital. Since then, the 70,000 registered veterans […]

Duke Realty is developing the 66,500 square foot Scott & White Specialty Care Clinic at the Wayne & Eileen Hurd Regional Medical Center, Marble Falls, Texas – one of two new projects the firm is working on for the system.
Rendering courtesy of Duke Realty

Outpatient Projects: MOBs going up at new Texas hospitals

DUKE REALTY DEVELOPING 186,500 S.F. OF SPACE FOR SCOTT & WHITE SYSTEM By John Mugford Construction is under way on two medical office buildings (MOBs) on two separate future hospital campuses of Temple, Texas-based Scott & White Healthcare. The MOBs, which are being developed by Indianapolis-based Duke Realty Corp. (NYSE: DRE), are being built in […]

ARC buys $63M Wisconsin portfolio

NEW YORK-BASED UNLISTED REIT BUYS BUILDINGS OCCUPIED BY AURORA MEDICAL By John Mugford ARC Healthcare Trust, an unlisted real estate investment trust (REIT) based in New York, is making its case for being one of the most aggressive buyers of medical real estate. In July, the REIT added to its string of recent acquisitions by […]

The $17 million, four-story, 158,000 square foot Two Twelve Medical Center in the southwest Minneapolis suburb of Chaska, the largest medical office building to open last year in the Twin Cities metro area, is already fully leased.
Photo courtesy of Mount Development Co.

Market Focus: Twin Cities: the future of healthcare?

‘NEW’ CARE MODELS ARE FAMILIAR TO MINNEAPOLIS-ST.PAUL REAL ESTATE PROS By Murray W. Wolf If you want to get a feel for the future of healthcare and healthcare real estate, you might want to take a look at Minnesota. Hot topics on the national healthcare scene – increased regulatory control, hospital-physician integration, employed physicians and […]

Landmark Healthcare Facilities plans to develop a $35 million, 100,000 square foot medical office building on the campus of Sound Shore Medical Center of Westchester in New Rochelle, N.Y.
Rendering courtesy of Landmark Healthcare Facilities LLC

Outpatient Projects: Landmark developing New York MOB

DEVELOPER WILL OWN 100,000 S.F. FACILITY ALONG WITH DOCS WHO TAKE PART By John Mugford In a classic third-party development arrangement, Milwaukee-based Landmark Healthcare Facilities LLC is moving forward with plans to build, own and manage a medical office building (MOB) on the campus of Sound Shore Medical Center of Westchester in New Rochelle, N.Y. […]

Industry Pulse: July 2012

NEW YORK – In case you missed it, hyper-excitable and in-need-of-caffeine-free coffee host Jim Cramer of “Mad Money” recently had Debra Cafaro, the CEO of Ventas Inc. (NYSE: VTR), on his fast-paced CNBC show. Mr. Cramer almost seemed apologetic about never introducing Ventas to his audience in the past. The show aired just before the […]

Banner Health recently announced plans for a new $151 million, 144-bed patient tower at its Banner Estrella Medical Center in Phoenix, increasing capacity in the fast-growing area.
Rendering courtesy of Banner Health

Inpatient Projects: Banner continues to expand in Arizona

$151 MILLION EXPANSION AT BANNER ESTRELLA IS ONE OF SEVERAL PROJECTS By John Mugford Banner Health sure looks to be gearing up for plenty of growth in Greater Phoenix. The not-for-profit health system, the second largest private employer in Arizona, recently announced that it plans to spend $151 million on a new 144-bed patient tower […]

The new 80,000 square foot Methodist Hospital for Surgery Pavilion in Addison, Texas, is under construction and scheduled to open in April 2013 on the campus of Methodist Hospital for Surgery.
Rendering courtesy of SRP Medical

Outpatient Projects: Surgical campus to grow with MOB

DALLAS-BASED SRP MEDICAL BREAKS GROUND ON 80,000 SQUARE FOOT FACILITY By John Mugford It looks as if the Methodist Hospital for Surgery is doing quite well in the north Dallas suburb of Addison, Texas. On a site just off the Dallas North Tollway, the 108,000 square foot, 32-bed specialty surgical hospital has been open since […]

The Sanders Trust recently acquired this 60,000 square foot MOB on James Island in South Carolina, located just a few minutes from downtown Charleston.
Photo courtesy of The Sanders Trust

News & Analysis: Sanders stays in the mix

BUYS MIXED-USE MED PLAZA IN CHARLESTON, S.C. By John Mugford There is little doubt that the future of healthcare delivery will include a new breed of off-campus, outpatient facility that will be home to a wide range of services, perhaps provided by just one or a few main tenants, such as a large group practice […]

Industry Pulse: June 2012

WASHINGTON, D.C. – The uncertainty concerning the Patient Protection and Affordable Care Act is over. As this edition was going to press, the U.S. Supreme Court ended months of speculation in voting 5-4 that the law is indeed constitutional and that individuals can be fined if they do not obtain health insurance. While the Court’s […]