News Release: Cook Children’s Expands with New Pediatric Hospital in Prosper
For Immediate Release Primary and urgent care expected to open in Fall 2019 Prosper, TX (April 25, 2019) – Cook Children’s Health Care System, which has a long history of caring for children in North Texas and beyond, is announcing plans to build a new children’s hospital in east Denton County in the Town of Prosper. Cook […]
News Release: Mayor Solomon, Council President Merolla, & Ortho RI Break Ground on new medical office and surgery center facility
April 25, 2019 For Immediate Release Mayor Solomon, Council President Merolla, & Ortho RI Break Ground on new medical office and surgery center Facility part of Carpionato’s bio-medical destination campus at Crossings Office Park WARWICK, RHODE ISLAND –Mayor Joseph J. Solomon and Council President Steven Merolla joined with shareholders of Ortho Rhode Island, Calspan and […]
News Release: NexCore Breaks Ground for CHI Health Clinic Millard in the Southwest Omaha metro
The 38,700 square foot facility will double the size of an existing clinic, providing a positive economic impact as well as convenient, high-quality, one-stop outpatient care Top: NexCore Group has begun development of the new 38,700 square foot CHI Health Clinic in Millard, Neb. Bottom: Ground was broken March 27 for the new clinic, which will […]
Development: MOB development remains on its steady course
Despite some potential headwinds for MOB construction, all signs, including the opinions of HRE professionals and data from research firms such as Revista, indicate strong results now and in the future By John B. Mugford During the boom years for medical office building (MOB) development prior to the Great Recession, financing was easy to get […]
News Release: Echo Development Group, Inc. Acquires 5 Acre Land Parcel in Colorado Springs for MOB Development
FOR IMMEDIATE RELEASE Chicago, IL (April 18, 2019) – Echo Development Group, Inc. announces it has acquired land in Colorado Springs, CO with plans to develop a class-A medical office building. The property is approximately 5 acres and is located at 2460 Research Parkway in the heart of the Briargate area of northeast Colorado Springs. […]
News Release: RD Management announces mixed-use development at Muskegon Shopping Center in Michigan
April 17, 2019 Residential buildings and a Mercy Health facility will be added upon removal of a vacant former Kmart RD Management LLC, one of the nation’s largest privately held real estate development and management organizations, announced today mixed-use development plans for its Muskegon Shopping Center located at 3530 Henry Street in Muskegon, Michigan. The new project […]
Outpatient Projects: Seavest’s risk pays off in San Fran
HRE investor receives go ahead to convert building to medical in a tight market Embarking on any type of commercial real estate (CRE) project in San Francisco can be a difficult task fraught with risk, be it for a new ground-up development or the repurposing of an existing building to a new use. Gaining the […]
News Release: Meridian Repositions and Recapitalizes Historic Medical Office Building in Phoenix
PHOENIX – Meridian, a full-service commercial real estate developer and owner of medical real estate, is pleased to announce that it has completed the renovation and repositioning of Grunow Memorial Medical Center, a landmark 53,000-square-foot, two-story, medical office building located at 926 East McDowell Road in Phoenix, Arizona. Once the repositioning was completed, Meridian formed […]
News Release: IMC Construction’s Penn Medicine Radnor Tops Out
Officials from Penn Medicine and IMC Construction topped out the new outpatient facility under construction in Radnor. Malvern, PA (April 2019) — IMC Construction, a nationally-recognized, full-service construction company, held topping out ceremonies on April 8th on a multispecialty outpatient facility for the University of Pennsylvania Health System. The event on the Radnor site was […]
News Release: Medical Specialty Practices Combine Forces to Build 42,000-Square-Foot Medical Office Building
CBRE announced today that it assisted four medical specialty groups to buy acreage and build a new medical office building. Molly Leach, vice president, CBRE, assisted the group in the purchase, located at 430 Altair Parkway, Westerville, Ohio, 43082. Ohio Gastroenterology, Central Ohio Skin & Cancer, Premier Urology and Professionals for Women’s Health were previously in […]
News Release: Construction completed on new medical office development in fast-growing San Marcos, Texas
(MARCH 26, 2019 – SAN MARCOS, TEXAS) – Transwestern Commercial Services (TCS) today announces Kogut Commercial Real Estate and Mittman Real Estate completed construction of Hunter Professional Plaza, consisting of 25,240 square feet of medical office space. Located at 151 Stagecoach Trail in San Marcos, Texas, the building is 41 percent leased. TCS Senior Vice […]
Feature Story: Development on the rise
Panelists at InterFace Healthcare West talk about the market, trends and the future By John B. Mugford In the years since the Great Recession, the amount of medical office building (MOB) development has remained relatively steady, according to at least a couple of sources. And yet, during a panel session last week concerning healthcare real […]
News Release: Amboy Bank Provides $51M Financing for Former NFL Player Turned Developer
Amboy Bank, a full-service commercial bank based in Old Bridge, New Jersey, and K Johnson Enterprises, LLC (“K Johnson”), a real estate and business development company founded and led by former NFL player Kevin Johnson, today announced that they have closed on a sequence of construction loans for K Johnson Enterprises, LLC, supplying financing of approximately $51 […]
News Release: PMB joins forces with Dignity Health once again to develop MOB in suburban Phoenix
San Diego-based healthcare real estate firm is developing the 80,000 square foot Mercy Gilbert Medical Plaza II on the Dignity Health Mercy Gilbert Medical Center campus in Gilbert, Ariz. GILBERT, Ariz., March 13, 2019 – PMB, one of the nation’s leading real estate owners and developers across the continuum of care, is in the midst […]
Outpatient Projects: An MOB project that was worth the risk
Seavest did its homework and is now leasing its converted MOB in San Francisco SAN FRANCISCO – Embarking on any type of commercial real estate (CRE) project in San Francisco can be a difficult task fraught with risk, be it for a new ground-up development or the repurposing of an existing building to a new […]