Outpatient Projects: MOBs planned for heart of Woodlands
PISULA DEVELOPMENT CO. IS BUILDING 20,000 AND 50,000 SQUARE FOOT FACILITIES By John Mugford In an area that is emerging as a focal point of The Woodlands, Texas, two new medical office buildings (MOBs) are will soon be part of the commercial real estate lineup. One of the buildings, a 20,000 square foot facility, is […]
Outpatient Projects: Seavest starts MOB on R.I. campus
$13.6 MILLION ASC AND MOB IS BEING DEVELOPED IN WARWICK, NEAR PROVIDENCE By John Mugford White Plains, N.Y.-based Seavest Inc. broke ground in recent weeks on a $13.6 million, two-story, 62,454 square foot MOB in Warwick, R.I., on the campus of Kent Hospital, which is part of the Care New England Health System. Construction is […]
Colony Development Partners Sells Harris Medical Park for $11.4 Million
On Campus Medical Office Building in Western NC Sold to Grubb & Ellis Healthcare REIT II Colony Development Partners, LLC, announced the recent sale of a 45,000 square foot, Class A, single-tenant medical office building in Sylva, North Carolina which had been developed by Colony Development Partners. The property sold for $11.4 million dollars to […]
Hammes Company helps Swedish Health Services to expand
Swedish expansion is swift, cost-effective and environmentally consciousHammes Company is using several innovations to help the Seattle-based, non-profit health system achieve speed to market, reduce costs and preserve capitalSEATTLE, Jan. 12, 2011 – Population growth, demographic shifts and rising patient volumes confirm that demand for healthcare services is increasing in the Seattle suburbs. Local healthcare […]
Alter+Care Developing Medical Center in Jonesboro, Ark.
Alter+Care Developing St. Bernards Health & Wellness Institute for St. Bernards Medical Center in Jonesboro, ARChicago, IL (January 12, 2011) – Alter+Care is developing the $14.5 million, 54,000 SF St. Bernards Health & Wellness Institute at St. Bernards Medical Center in Jonesboro, AR. Completion is scheduled for the fall of 2011. “The Institute will house […]
Duke Realty to expand Cincinnati West Side medical campus
Duke Realty to expand Cincinnati West Side medical campus anchored by Good Samaritan Medical Center – Western Ridge Good Samaritan Medical Center – Western Ridge opened August of this year, and Duke Realty is now moving forward with plans for a new building and new tenant on Cincinnati’s West Side medical campus CINCINNATI and INDIANAPOLIS, […]
KMD Architects converts retail space into healthcare center
KMD Architects Designs The Chaum Center in Seoul, KoreaWhere Luxury Meets Healthcare for the Ultimate Personalized Medical ExperienceSan Francisco, Calif. – January 5, 2010 — KMD Architects, known for its work in both healthcare and hospitality design, merged these two areas of expertise when it transformed 400,000 square feet of existing retail space in Seoul, […]
Jones Lang LaSalle and Beaumont Hospital Form Partnership
Jones Lang LaSalle and Beaumont Hospital Form Partnership to Service 8.5 Million-Square-Foot Health Care Facility and Real Estate Portfolio Partnership to create new industry-leading standard CHICAGO and DETROIT, Jan. 5, 2011 —Jones Lang LaSalle today announced the formation of a new integrated services partnership with Beaumont Hospitals to create a new standard in health care […]
HRE Capital handles Florida Orthopedic Institute sale/leaseback
HRE Capital is pleased to announce the completion of the following transaction Transaction Overview Healthcare Real Estate Capital LLC (“HRE Capital”) was selected as the exclusive financial advisor to the Florida Orthopedic Institute (“FOI” or “Practice”) related to the disposition of a 16,600 square foot ambulatory surgery center (“ASC”) located in Tampa, Florida. The ASC, […]
HTA acquires North Carolina MOB
Healthcare Trust of America, Inc. Acquires an Approximately 153,000 Square Foot Medical Office Park in Cary, North Carolina SCOTTSDALE, Ariz., Jan. 3, 2011 /PRNewswire/ — Healthcare Trust of America, Inc. (“HTA”), a self-managed, non-traded, real estate investment trust, announced the completed acquisition of a medical office park in Cary, North Carolina for approximately $28,200,000. The […]
Ventas subsidiary Lillibridge acquires ThedaCare portfolio
Ventas Acquires Medical Office Building Portfolio Totaling 225,000 Square Feet Transaction Represents Ventas’s First Medical Office Acquisition Under New Lillibridge Platform CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas”) said today that its wholly owned subsidiary, Lillibridge Healthcare Services, Inc. (“Lillibridge”), has acquired a portfolio of five class “A” medical office buildings totaling 225,000 square feet on […]
Plaza Companies Expands Presence in Tucson Marketplace
Plaza Companies Expands Presence in Tucson Marketplace Plaza Companies, a leader in the senior living and medical office marketplace in Arizona, is expanding its presence in the Tucson area and opening a new Tucson office. Opening Tucson Office to Serve Local Medical Office Properties; Hires Experienced Leasing Director for Area Portfolio TUCSON, Arizona (December 6, 2010) […]
Reform equals MOB boon
MARCUS & MILLICHAP: DEMAND COULD BE 61M S.F. By John Mugford, Editor For quite some time now, healthcare real estate professionals have been saying that the passage of some form of universal healthcare coverage would likely result in increased demand for medical office buildings (MOBs) as well as other outpatient facilities. While such professionals have […]
Industry Pulse (September 2009)
By HREI Staff CAMPBELL, Calif. – Remember the recession? OK, we know, the economy is not out of the woods just yet – not even close. But before the recession took hold, the development of upscale medical facilities with plenty of amenities were on the upswing, giving people with good insurance and deep pockets the […]