Outpatient Projects: New $100 million mixed-use project at Northern Kentucky University to include large MOB
Northern Kentucky University (NKU) is partnering with Cleveland based Fairmount Properties on a $100 million mixed-use development anchored by a roughly 70,000 square foot professional
Industry Pulse: On the record
What’s your reaction to the proposed Aetna CVS merger plan? “With Aetna and CVS, that’s something we’re all going to wait and see what that means. I think the more exciting news is Amazon and JP Morgan. I have incredible respect for Warren Buffett, and Amazon is the great disruptor. And JP Morgan has the […]
Industry Pulse: California Dreamin’: Mob Fetches $613 Psf
Dermatologist buys West Los Angeles MOB for $4.7 million If you think California medical office building (MOB) prices are cooling, think again. Coldwell Banker Commercial WESTMAC announced March 12, that it arranged the sale of the two-story, 7,658 square foot Bryan Medical Building at 11669 Santa Monica Blvd. in West Los Angeles for $4.7 million, […]
Inpatient Projects: A conversion to all private rooms
Johns Hopkins Bayview Med Center plans $469M campus upgrade, new tower Since Johns Hopkins Medicine acquired what was then Francis Scott Key Medical Center in 1984, the academic health system has pumped more than $600 million into the 130-acre campus in eastern Baltimore, known today as Johns Hopkins Bayview Medical Center (JHBMC).
Inpatient Projects: Hensel-Phelps to build $140 million expansion at behavioral hospital in Hawaii
Behavioral health is a growing aspect of the medical care delivery model, and facilities are being built nationwide to keep up with growing demand. One such project is planned for Kaneohe, a 40
Industry Pulse: On the Record
Is there capital available for MOB acquisitions? “On the capital markets side, from a macro perspective, there’s more dry powder… on the sidelines today than any time in history. I think
Inpatient Projects: Upstate New York hospital receives CON for $92 million, 200-plus-bed hospital project
Health Alliance of the Hudson Valley recently announced that it has received contingency approval from the New York State Department of Health for a “transformative” $92 million, 437,000 square foot
Companies & People: NexCore adds Scott Patterson to design team; announces certification for Kyle Robbins
In more news from NexCore Group, the firm recently hired Scott Patterson as VP design and construction, part of an expansion of the firm’s design and construction team. Mr. Patterson has eight years
Transactions: Caddis acquires three MOBs; Marcus & Millichap brokers $15.1 million sale of one of the assets
Dallas-based Caddis recently acquired one MOB in Georgia and two in Texas totaling more than 120,000 square feet and added them to its first investment fund. Although details on the Texas acquisitions
Post-Acute & Senior Living: Senior housing optimism rising
2017 sales increase 14.4%; PwC/ULI report calls the sector a ‘best bet for 2018’ By John B. Mugford Momentum is now building for the senior housing sector, as updated figures for 2017 indicate that the total sales volume for the year was $16.6 billion, an increase of 14.4 percent over 2015, according to a late-February […]
Inpatient Projects: MOBs to feel the impact of system’s dropped hospital plan in Knoxville, Tenn
When Tennova Healthcare revealed on Jan. 23 that it had dropped plans to build a new flagship hospital on Middlebrook Pike in west Knoxville, the decision was a big disappointment for the owners and
Capital Markets: ‘Core’ assets growing in popularity
High-quality MOBs: Core fund deals require an experienced lender By Erik Tellefson In recent years one of the most attractive – and increasingly popular – types of medical office (MOB) real estate transactions has been “core” type properties or assets. These have become a larger portion of the MOB financing landscape, and we have seen […]
Transactions: Kayne-MBRE buys MOBs for $139.5M
ROFR opens door to acquisition of two assets developed by Meadows & Ohly By John B. Mugford A partnership of Los Angeles based Kayne Anderson Capital Advisors LP and Chicago-based MBRE Healthcare in January acquired two medical office buildings (MOBs) in Greater Atlanta from longtime […]
Companies & People: CBRE’s healthcare co-leaders, Chris Bodnar and Lee Asher, named vice chairmen
Since the U.S. Healthcare Capital Markets Group with CBRE Group Inc. (NYSE:CBG) was formed 11 years ago, it has executed more than $8 billion worth of healthcare real estate (HRE) assignments.
Transactions: MBRE acquires fully occupied MOB in Westford, Mass, for $19.05M; Cushman was the broker
According to information from real estate research firm Real Capital Analytics (RCA) Inc., Chicago-based MB Real Estate (MBRE) recently the 63,895 square foot Westford Health Center at 133