News Release: Inland Real Estate Acquisitions Closes the Purchase of a Medical Office Building in Illinois
Inland Real Estate Acquisitions, LLC Closes the Purchase of a Medical Office Building in Elmhurst, Illinois Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of the Edward-Elmhurst Health Center, an approximately 13,000-square-foot medical office building located on the north side of Elmhurst, Illinois, approximately 20 miles […]
News Release: Meridian Hires Linda Shoemaker Haskins as Vice President, Asset Management
FOR IMMEDIATE RELEASE: Meridian Hires Linda Shoemaker Haskins as Vice President, Asset Management SAN RAMON, Calif. – Meridian, a full-service real estate developer and owner of medical and general office real estate, announced today that Linda Shoemaker Haskins has been hired as Vice President, Asset Management. She will lead Meridian’s Asset Management team and oversee […]
News Release: The Christ Hospital Medical Center – Liberty Township
Opening in January 2018 The Christ Hospital Medical Center – Liberty Township, located at 6939 Cox Road in Liberty Township, Ohio, will soon offer outstanding services and patient experiences to the fast-growing Butler County community of Liberty Township. Opening in January 2018, our center will offer access to award-winning physicians and innovative technology – all in one […]
News Release: Gilbane Wins Two 2017 US Air Force Design Awards
Concord, California, January 2, 2018 – The United States Air Force announced that Gilbane, together with their design partners, were the winners of two 2017 design awards for recently completed healthcare projects. Gilbane, along with Sherlock Smith and Adams, received the Honor Award for Facility Design of the Medical Clinic at Holloman AFB. Gilbane, along with […]
News Release: Welltower Enters Into Agreement To Acquire Portfolio Of Sunrise Assets
NEWS PROVIDED BY Welltower Inc. 08:00 ET TOLEDO, Ohio, Jan. 2, 2018 /PRNewswire/ — Welltower Inc. (NYSE: HCN) today announced it has entered into a definitive agreement to acquire a portfolio of rental continuing care retirement communities (“CCRCs”). The transaction comprises four communities offering a full continuum of care including independent living, assisted living, memory care and post-acute care concentrated […]
News Release: Welltower and Hines Announce Joint Venture Partner for Sunrise at East 56th Street
1/2/2018 6:12:00 PM Construction underway for senior living and memory care community NEW YORK AND TOLEDO, OH) – Welltower Inc. (NYSE: HCN), the world leader in healthcare infrastructure, and Hines, the international real estate firm, announced today they have closed with a confidential major institutional investor on a limited partnership interest for the development of Sunrise […]
News Release: McLaren Greater Lansing Announces New Hospital
Published on Thursday, December 28, 2017 LANSING, Mich. McLaren Health Care today announced it will consolidate its two current Lansing hospital facilities into a new $450 million campus adjacent to Michigan State University in South Lansing. Additionally, the health care system and MSU announced they will expand partnerships on research, education, and clinical services. “We […]
News Release: Methodist Health System to build and open Methodist Midlothian Medical Center
Full service hospital will be the first in the growing community Midlothian, Texas, Dec. 28, 2017 /PRNewswire/ — Several months in the making, Methodist Health System is pleased to announce the plan for its eleventh hospital, which will be located in Midlothian. The new facility will be operated in conjunction with the existing Methodist Mansfield Medical Center in order […]
Transactions: Meridian acquires MOB in Orange County, Calif.; plans to make $24 million of improvements
LAGUNA HILLS, Calif. – San Ramon, Calif.-based Meridian recently closed on the acquisition of a value-add, 57,057 square foot MOB in Laguna Hills, in Orange County, Calif. Meridian plans to invest more than $24 million into the 74 percent occupied MOB, known as The Laguna.
Inpatient Projects: Scripps going big in San Diego
But system’s $2.6 billion capital plan could be altered by external forces By John B. Mugford Although San Diego-based Scripps Health announced in November that it intends to spend up to $2.6 billion on construction projects system wide through 2030, officials note that the plan could be put in jeopardy by changes beyond the organization’s […]
Transactions: DOC acquires Texas MOB for $30 million
Physicians Realty Trust buys Midland facility occupied by local health system and USPI By John B. Mugford Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently acquired Legends Park, a 64,200 square foot MOB and ambulatory surgery center (ASC) complex in Midland, in West Texas.
Post-Acute & Senior Living: MedCore Partners, Post Acute Medical team up on post-acute facility in Dover, Del.
DOVER, Del. – Dallas-based MedCore Partners and Enola, Pa. based Post Acute Medical LLC (PAM) are teaming up on the development of what the firms call a “first-of-its-kind” post-acute care facility in Dover.
Outpatient Projects: NexCore breaks ground on outpatient campus next to hospital in Show Low, Ariz.
SHOW LOW, Ariz. – In more news from NexCore Group, the company broke ground Nov. 6 for a 18.81-acre, three-building outpatient campus next to Summit Healthcare Regional Medical Center (SHRMC) in Show Low, a mountain city about 180 miles northeast of Phoenix.
Capital Markets: Spotlight on Cypress West Partners
Chris Cumella reviews the MOB market, their place in it and recent deals By Erik Tellefson In this month’s “Spotlight on” feature we are continuing to focus on private medical office building (MOB) investors, and discussing the overall market and some recent transactions with Chris Cumella of Rancho Santa Margarita, Calif.-based Cypress West Partners (CWP).
Post-Acute & Senior Living: Developer proposes senior campus to replace office in Westchester County, N.Y.
RYE BROOK, N.Y. – A local developer has proposed to raze a mostly vacant office building on a 17.3-acre site in Rye Brook to make way for a 269-unit senior housing campus with townhouses, apartments and assisted living units, according to the local Westchester County Business […]